VP debate, stimulus in China, and the U.S. jobs report
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The candidates for vice president in the upcoming U.S. presidential election are set to debate this week, in what may well be the last debate before election day. The event is not likely to shift investor sentiment, says Deepak Puri, the Private Bank’s Chief Investment Officer for the Americas. But he adds a caveat: “It shouldn't be a market moving event unless there are some policy decisions, or policy rhetoric, that comes out of either candidate that could have an impact on certain sectors of the economy”, Deepak says. The monthly U.S. jobs report is likely to get a lot of attention at the end of the week, as “you can see that the focus is shifting from inflation data to labour market data”, Deepak says. He is also keeping an eye on Chinese markets after the government’s stimulus measures, and says that he will be watching for U.S. indicators on manufacturing and services activity. For more investing insights, please visit deutschewealth.com In Europe, Middle East and Africa as well as in Asia Pacific this material is considered marketing material, but this is not the case in the U.S. No assurance can be given that any forecast or target can be achieved. Forecasts are based on assumptions, estimates, opinions and hypothetical models which may prove to be incorrect. Past performance is not indicative of future returns. Performance refers to a nominal value based on price gains/losses and does not take into account inflation. Inflation will have a negative impact on the purchasing power of this nominal monetary value. Depending on the current level of inflation, this may lead to a real loss in value, even if the nominal performance of the investment is positive. Investments come with risk. The value of an investment can fall as well as rise and you might not get back the amount originally invested at any point in time. Your capital may be at risk. The services described in this podcast are provided by Deutsche Bank AG or by its subsidiaries and/or affiliates in accordance with appropriate local legislation and regulation. Deutsche Bank AG is subject to comprehensive supervision by the European Central Bank (“ECB”), by Germany’s Federal Financial Supervisory Authority (BaFin) and by Germany’s central bank (“Deutsche Bundesbank”). Brokerage services in the United States are offered through Deutsche Bank Securities Inc., a broker-dealer and registered investment adviser, which conducts investment banking and securities activities in the United States. Deutsche Bank Securities Inc. is a member of FINRA, NYSE and SIPC. Lending and banking services in the United States are offered through Deutsche Bank Trust Company Americas, member FDIC, and other members of the Deutsche Bank Group. The products, services, information and/or materials referred to within this podcast may not be available for residents of certain jurisdictions. © 2024 Deutsche Bank AG and/or its subsidiaries. All rights reserved. This podcast may not be used, reproduced, copied or modified without the written consent of Deutsche Bank AG. 030620 030121
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