Market Report – August


US stocks closed lower Thursday after President Trump confirmed the summit next month with North Korea was cancelled. The S&P 500 fell 0.2%, with energy the worst performing sector following a dip in oil prices.

In fixed income markets, 10-year US Treasury yields traded below the 3.0% level (prices rose). Elsewhere, Gold prices rose 1.1% for the session.

The dollar index, which tracks the greenback against a basket of other currencies, was down 0.3% yesterday. The dollar continues to trade just above the $1.17 level against the euro.


European equities extended recent weakness yesterday. The Euro Stoxx 50 index fell 0.6%, the German DAX index lost 0.9% and the French CAC settled 0.3% lower.

EU finance ministers are set to discuss the latest on Brexit negotiations in Brussels today. 


Asian equities were mixed overnight. Japanese stocks closed marginally higher as recent Yen strength dissipated. Chinese stocks closed 0.6% lower, with losses in Telecom and Technology offsetting gains elsewhere.

Want to learn more about Market Report – August?

Start your Financial Planning journey today!

Get In Touch

Start your Financial Planning journey today!