Daily Snapshot

Daily Snapshot – 2 September 2024

I was trying desperately to think of reasons not to compose a Snapshot today (plenty) but there was just enough out to convince me it was the right thing to do despite the Stoxx 600 ending the day flat. Our U.S/Canadian friends off for Labor day and the Labor market feels like number one focus as we get the next NFP reading this Friday which will go a long way to dictate the size of the first Fed cut later this month (Remember what happened last NFP!?!). Seasonality isn’t great for the next few…

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