Discover the latest trends in our monthly Investment Note for July 2024 from Lighthouse Canton, titled "The Great Unwind?"‍

BoJ interest rate hikes, Israel Palestine standoff and US weak unemployment numbers leads to volatility worldwide:
Nikkei led the losses (-19.5%) , followed by NASDAQ (-8%), S&P 500 (-6%) and Dow Jones (-5%).
Increase in Unemployment Rate forces Fed to reckon with hard landing:
US FOMC is likely to initiate the rate reduction cycle from Sep’24 onwards.
Gold prices continue upward trajectory while Silver prices decline:
Gold ended July up around 6.5% and has already breached the $2500/oz handle in August.
RBI keeps rate unchanged, cautious about spillovers from Food Inflation.
Q1FY25 Earnings Update:
India has reported a muted start to the financial year 2024-25, with a decline in net earnings and a modest single-digit uptick in revenues.‍

Check our report below to gain key insights about the same

Table of Contents