CaixaBank Research Reviews August Market Trends and Upcoming Economic Data

CaixaBank Research's August report noted elevated commodity prices and sovereign yields, influenced by the Middle East conflict and hawkish central bank rhetoric, including a 60% market-implied chance of a September Fed hike after Chair Warsh's speech. Despite this, stocks rose, and the dollar weakened. Upcoming key data includes euro area inflation and US employment figures, which will further shape market expectations.