Monday Market Highlights: 5 August 2024

In this week’s Monday Market Highlights, Credit Analyst Remy Morgan looks at the Fed, the US jobs data and big tech earnings, with the market ending the week down on concerns about the weakness of the US economy and the drag of big AI spend. Remy also discuss other key economic data across the week including the Euro and Australian CPI, and also touches on the Briscoes sales update which called out the ongoing challenges that New Zealand retail businesses are facing in the current economic environment.   This podcast is intended to provide general information only. It does not take into account your investment needs or personal circumstances. It is not intended to be viewed as investment or financial advice. Should you require financial advice you should always speak to a Financial Adviser. Past performance is not a reliable indicator of future performance. Milford is an active fund manager with views and portfolio positions subject to change.