Daily Market Analysis page 13
May 06, 2024
Key events:
Eurozone - HCOB Eurozone Services PMI (Apr)
Switzerland - SNB Board Member Jordan Speaks
USA - FOMC Member Williams Speaks
The S&P 500 experienced a robust surge on Friday, driven by a notable uptick in tech stocks led by Apple. This rally coincided with the release of data…
May 03, 2024
Key events:
USA - Average Hourly Earnings (MoM) (Apr)
USA - Nonfarm Payrolls (Apr)
USA - Unemployment Rate (Apr)
USA - S&P Global Services PMI (Apr)
USA - ISM Non-Manufacturing PMI (Apr)
USA - ISM Non-Manufacturing Prices (Apr)
Thursday saw the S&P 500 closing on a positive note, with the…
May 02, 2024
Key events:
USA - Initial Jobless Claims
Eurozone - HCOB Eurozone Manufacturing PMI (Apr)
Eurozone - ECB's Lane Speaks
US equities pared some of their losses following the Federal Reserve's decision to keep interest rates unchanged on Wednesday and announced plans to gradually reduce the pace of…
May 01, 2024
Key events:
USA - ADP Nonfarm Employment Change (Apr)
USA - S&P Global US Manufacturing PMI (Apr)
USA - ISM Manufacturing PMI (Apr)
USA - ISM Manufacturing Prices (Apr)
USA - JOLTs Job Openings (Mar)
USA - Crude Oil Inventories
USA - FOMC Statement
USA - Fed Interest Rate Decision
USA - FOMC…
April 30, 2024
Key events:
Eurozone - CPI (YoY) (Apr)
USA - Chicago PMI (Apr)
USA - CB Consumer Confidence (Apr)
Monday saw a positive close for the S&P 500, buoyed by notable performances from Tesla and Apple as the quarterly earnings season continues its momentum, just on the eve of the impending Federal…
April 29, 2024
Key events:
Eurozone - Eurogroup Meetings
Eurozone - ECB's De Guindos Speak
Friday saw a robust rally in the S&P 500, marking its best week since November, driven by upbeat earnings reports from tech giants Microsoft and Alphabet, reigniting investor confidence in the AI-driven tech sector.…
April 26, 2024
Key events:
Japan - BoJ Interest Rate Decision
USA - Core PCE Price Index (YoY) (Mar)
USA - Core PCE Price Index (MoM) (Mar)
The S&P 500 closed lower on Thursday, although it recovered significantly from session lows as Meta trimmed some losses. Rising Treasury yields, fueled by economic data…
April 25, 2024
Key events:
USA - GDP (QoQ) (Q1)
USA - Initial Jobless Claims
Wednesday saw the S&P 500 managing a slight uptick, albeit amid pressure from climbing Treasury yields and softness in industrial sectors. However, a surge in Tesla shares bolstered the tech sector ahead of looming earnings reports…
April 24, 2024
Key events:
USA - Durable Goods Orders (MoM) (Mar)
USA - Crude Oil Inventories
Tuesday saw another positive close for the S&P 500, marking its second consecutive daily increase fueled by generally upbeat quarterly earnings as anticipation builds for the Magnificent 7's financial reports, with…
April 23, 2024
Key events:
USA - Durable Goods Orders (MoM) (Mar)
USA - Crude Oil Inventories
The S&P 500 surged on Monday, driven by strength in the technology sector, marking a rebound from its most significant weekly decline since March of the previous year. Investors turned their attention to upcoming…
April 22, 2024
Key events:
Eurozone - Eurogroup Meetings
Canada - New Housing Price Index (MoM) (Mar)
Eurozone - ECB President Lagarde Speaks
On Friday, the Nasdaq and the S&P 500 closed in the red, largely influenced by a downturn in Netflix (NASDAQ: NFLX) shares. However, American Express (NYSE: AXP)…
April 19, 2024
Key events:
UK - MPC Member Ramsden Speaks
UK - BoE MPC Member Mann Speaks
USA - Fed Goolsbee Speaks
US stocks experienced a reversal on Thursday, relinquishing earlier gains as investors assessed the implications of rising treasury yields amidst diminishing hopes for imminent rate cuts.…