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."