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Market Intelligence—30.07.24

30/07/2024

Macroeconomics

On the political stage, there have been interesting developments, most notably with US president, Joe Biden, announcing his withdrawal from the 2024 presidential election in November. 

The financial markets focused on the upcoming summer break, with the stock markets weakening at the same time. Technology stocks were particularly affected, experiencing a significant correction after their brilliant rise in recent months. 

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