Oil and gas prices have risen, and this was reflected not only in the euro area's preliminary inflation figure for August, but also in higher electricity price futures.

US employment figures continue to be monitored closely, and they were stronger than expected, while at the same time reinforcing expectations of Fed rate hikes, paradoxically driving indices lower.

A profit warning over EUR 50,000.

Nasdaq Helsinki is not Wall Street, but both showed growth. The structural change in the economy is progressing at different speeds.

The sector's Purchasing Managers' Index rose from 50.9 to 51.5, beating market expectations and indicating growth in production for the ninth consecutive month. However, domestic demand is faltering.

Renewable energy and the growth of electricity consumption are hot topics.

Based on the numbers, Corporate America appears to be in prime condition.

European and US stock markets are coming off a positive week despite interest rate expectations swinging upward once again. On Friday at the Jackson Hole economic symposium, Fed Chair Kevin Warsh sent a clear message that the central bank may still have work to do to curb inflation.

A new blog series is starting! Life in the Stock Market

Half a year has passed since the start of the war in Iran, and over 10% of the world's oil production is out of commission. Production problems have been visible to the average consumer, particularly at the gas pump almost everywhere. Some relief for the supply gap has been provided by the IEA's emergency reserves.

Germany's economic growth in Q2 was stronger than expected, and economic figures are showing signs of improvement elsewhere as well. Quite wunderbar, although there is still room for improvement.

Money is finally expensive in the US compared to recent years.

Last week was volatile for European and US stock markets. Helsinki saw an increase, but Europe and the United States more broadly saw a decrease. Despite the week of declines, it appears that European stock markets have regained investor favor in August.

The minutes of the Federal Reserve's July meeting, published yesterday, show that the central bank is exceptionally divided. In addition, Governor Warsh is turning towards minimalism, as he wants to decrease the number of meetings.

There have been many opinions in public about the accuracy of economic estimates, but now the trend in them is at least the same: upwards.

I wrote in Monday's macro review about the rise in long-term interest rates and the pressure it creates, for example, in the US. The interest rate market is also tightening rapidly in the euro area, where the ECB has been closing its money taps for some time now.

Last week was a rising week for the Helsinki and US stock markets, but the Stoxx 600 index weighed slightly on the downside. The interest rate market has subtly shifted, as elevated growth and inflation expectations, along with increasing government borrowing, have pushed up interest rates.

US inflation is increasingly becoming a non-story. The month-on-month rise in consumer prices almost halted in July. This reinforces the Federal Reserve's "no rush to hike yet" narrative.