Last week in markets, we saw tech gains and conflicting economic signals leading to volatile conditions. We dive into what that means for interest rates, inflation and potential economic growth.

In brief:
Robust Tech Sector Performance: Led by giants like Nvidia and Apple, the technology sector has driven significant gains in the U.S. markets, with the Nasdaq hitting new highs and Nvidia’s market value soaring past $3 trillion

Mixed Economic Indicators: While the U.S. economy added 272,000 jobs last month, indicating strength, other indicators paint a more complex picture. The manufacturing index dropped to 47.2, indicating contraction, and job openings decreased to a three-year low of 8.1 million, highlighting potential challenges in the labour market.

Central Bank Movements: Upcoming central bank meetings and CPI reports in the U.S. and Australia will be critical in shaping future monetary policies amidst persistent inflation. Both the Fed & RBA are expected to maintain current interest rate levels. 

Get access to the charts: www.investsense.com.au/industry-articles/tech-gains-and-conflicting-economic-signals-drive-a-volatile-market 


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