The United States: The employment report topped expectations, with over half a million new payrolls created in July. This does not look like a recession.
Rate hike expectations surged in response to the employment report. Here is the probability of a 75 bps hike in September.
Canada: The trade surplus hit a multi-year high, boosted by energy exports.
The Eurozone: Meanwhile, the trade deficit in France hit a new record, driven by energy costs.
Commodities: Let’s take a look at last week’s performance across key commodity markets.
Equities: Equities have been the worst-performing assets during periods of high inflation and slowing economic growth.
Food for Thought: Lastly, here’s a breakdown of Alphabet’s quarterly revenue.
Edited by Alexander Bowers
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