Daily Snapshot

Daily Snapshot – 8 August 2024

Well it felt like we were trundling down a narrow creek for the earlier part of today’s session, trickling along off early lows, with volumes light ahead of the latest weekly US jobs data which is normally nothing to write home about but felt firmly in the spotlight today as angst continued to linger following last week’s soft NFP number. Further publications around a US recession this morning did little to quell fears, with yesterday’s bounce feeling largely in the rear-view mirror.. that is,…

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