Eurizon Weekly, 2 Sep. 2024. The markets recovered well after volatility had surged in the opening days of August, triggered by the mix of weaker than expected US labour market data, softer than expected quarterly corporate results, and the swift unwinding of financing positions in yens as a result of the Japanese central bank’s rate hike. Fed open to an initial rate cut in September. Andrea Conti, Head of Macro Markets at Eurizon, takes a closer look. Audio recorded on 2 Sep. 2024.