Market Insight August 09, 2020

Weekly Commentary & Strategy

Last week, major global indices advanced with better than expected economic data and improved trends in coronavirus cases. The U.S. economy added 1.76 million jobs in July, beating estimates and showing positive developments of the labour market and economic recovery. However, the
unemployment rate is at 10.6%, the level that had been reached in the Great Recession of 2008, which suggests that, there is still a long road ahead….