Welcome to the MPC Markets Weekly Roundup, your go-to source for the latest financial insights and market analysis. I’m your host, and in this episode, we’re diving deep into the most impactful events shaping the global economy and financial markets.

This Week’s Highlights

US Jobs Report: All eyes are on Friday’s August jobs report, with significant implications for Federal Reserve policy. Analysts expect 161,000 nonfarm payroll growth and a slight unemployment rate decrease to 4.2%. Recent data suggests a potential hiring slowdown, increasing expectations for Fed rate cuts

Australian Market Moves:

• REA Group’s interest in acquiring Rightmove has raised eyebrows, with analysts skeptical about potential synergies
• Challenger affirmed its partnership with Apollo Global Management despite Apollo’s decision to sell a 10% stake
• NextDC saw an impressive 8% jump, riding the wave of increased investor interest in data centers

US Stock Market Rollercoaster: The week started strong with positive inflation data, but quickly shifted as recession signals emerged. Nvidia’s stock slump led to a broader tech sector decline, with the Nasdaq experiencing its largest one-day drop since August