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Wion's monthly global economic health check | World Business Watch | WION News
Manage episode 437424528 series 2902138
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Let's look at Wion's monthly global economic health check. First, we will deep dive into how global markets performed in August. Oil fell 1.4%, with the benchmark Brent crude trading below $80 per barrel as the demand outlook shows a significant slowdown despite an increase in West Asia tensions and supply worries. Gold closed out the month near record highs as the Federal Reserve announced a crucial pivot to policy easing earlier in August. The so-called digital Dollar, or Bitcoin, lost its shine in August, down nearly 8 per cent.
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