6 Sep, 2021
Equity Market Weekly Outlook
- Global food commodity prices jumped in August after two consecutive months of decline.
- Japanese Prime Minister Yoshihide Suga announced that he will be resigning on September 30th – an announcement that threw Japanese stocks into a frenzy and rallied them to 30-year highs.
- While shutdowns caused by hurricane Ida were harmful for many of the oil stocks, the OPEC meeting proved to be better for the overall sector.
- Due to reopening economy and customers returning to their previous habits some of the pandemic stocks are losing their momentum.