Equities: Geopolitics and yields pressure stocks - Deutsche Bank
Deutsche Bank’s Jim Reid notes that global equities ended August on a softer footing as escalating US-Iran tensions and a hawkish Jackson Hole speech from Fed Chair Warsh weighed on risk sentiment.
Deutsche Bank analyst Jim Reid observed that equities faced a more subdued performance in August due to heightened tensions between the US and Iran, as well as a cautious stance from the Federal Reserve. The S&P 500 and Stoxx 600 both closed lower on Monday, while technology stocks demonstrated moderate resiliency. Asian markets followed a similar trend, with most major indices trading below their August averages.
The week's geopolitical uncertainty and hawkish Fed Chair Jerome Powell's recent speech at Jackson Hole contributed to the negative sentiment across global markets.
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