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Stock markets tumble worldwide

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  • RTS

    RTS

  • Ed Yau

    Ed Yau Analyst Fund Manager

stock-markets-tumble-worldwide-piguet-galland

RTS evening news, August 5, 2024.

Following the release of the July employment figures in the United States, stock markets plummeted around the world on Monday, August 5, 2024, alarmed by a slowdown in the US job market.

Discover the interview with Ed Yau, Fund Analyst and ESG Manager, on RTS.

According to him, we shouldn't focus on this announcement: "This announcement isn't enough to create this panic in the market. It's a multitude of factors that have caused uncertainty to increase." 

"We don't think we're at the start of a global recession, we think the Fed has the ability to reduce, cut interest rates faster, which will revive the economy."

Authors

  • RTS

    RTS

    linkedIn
  • Ed Yau

    Ed Yau

    Analyst Fund Manager

    linkedIn
    Ed Yau is an Asian market specialist with 20 years of experience in managing equity portfolios. He previously worked as Head of Research in several Hedge Funds in Switzerland and Singapore. An HES engineer by training, he also holds a degree from the University of Geneva and an MBA from the University of Chicago. He joined the Bank in 2018 and became a member of the investment committee, in charge of managing several thematic certificates and equity funds, as well as setting up ESG investments.

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