Weekly Market Analysis page 13

Key events: Switzerland - SNB Interest Rate Decision (Q3) USA - Durable Goods Orders (MoM) (Aug) USA - GDP (QoQ) (Q2) USA - Initial Jobless Claims USA - Fed Chair Powell Speaks  The S&P 500 dipped on Wednesday as investors took a breather from the recent rally, awaiting key economic catalysts…

Key events: USA - New Home Sales (Aug) USA - Crude Oil Inventories On Tuesday, the S&P 500 and Dow Jones both closed at record highs, brushing off consumer concerns about the economy as Nvidia powered a surge in tech stocks. The S&P 500 rose 0.3%, closing at a new high of 5,735.66, while…

Key events: Australia - RBA Interest Rate Decision (Sep) USA - CB Consumer Confidence (Sep) US stocks closed higher on Monday as investors paused near record highs, awaiting further signals from the Federal Reserve. The Dow Jones Industrial Average gained 0.15%, the S&P 500 rose 0.28%, and…

Key events: Eurozone - ECB's Elderson Speaks USA - FOMC Member Bostic Speaks USA - S&P Global US Manufacturing PMI (Sep) USA - S&P Global Services PMI (Sep) The Dow edged higher to close at record highs on Friday, as investors balanced a decline in FedEx with growing expectations of…

Key events: Japan - BoJ Interest Rate Decision UK - BoE MPC Member Mann Speaks Canada - BoC Gov Macklem Speaks Eurozone - ECB President Lagarde Speaks USA - FOMC Member Harker Speaks The S&P 500 surged to close above 5,700 for the first time ever on Thursday, fueled by gains in the tech…

Key events: UK - BoE Interest Rate Decision (Sep) USA - Initial Jobless Claims USA - Philadelphia Fed Manufacturing Index (Sep) USA - Existing Home Sales (Aug) The S&P 500 ended a seven-day winning streak with volatile trading on Wednesday, as the Federal Reserve opted for a substantial 50…

Key events: UK - CPI (YoY) (Aug) Eurozone - CPI (YoY) (Aug) USA - Crude Oil Inventories USA - FOMC Economic Projections USA - FOMC Statement USA - Fed Interest Rate Decision USA - FOMC Press Conference US stocks remained mostly unchanged on Tuesday, despite an upbeat retail sales report that…

Key events: Eurozone - ECB McCaul Speaks USA - Core Retail Sales (MoM) (Aug) USA - Retail Sales (MoM) (Aug) Eurozone - ECB's Elderson Speaks  US stocks traded in mixed territory on Monday as investors awaited this week’s Federal Reserve meeting, where the central bank is expected to begin a cycle…

Key events: Switzerland - PPI (MoM) (Aug) Eurozone - ECB's De Guindos Speaks Eurozone - Wages in euro zone (YoY) (Q2) Eurozone - Trade Balance (Jul) Eurozone - ECB's Lane Speaks USA - NY Empire State Manufacturing Index (Sep) Wall Street’s major indices finished the week on a positive note, with…

Key events: Eurozone - Eurogroup Meetings USA - Michigan Consumer Sentiment (Sep)  The S&P 500 finished higher on Thursday, brushing off stronger-than-expected producer price data as investors shifted their focus to the anticipated Federal Reserve interest rate cut next week. The S&P 500…

Key events: Eurozone - Deposit Facility Rate (Sep) Eurozone - ECB Interest Rate Decision (Sep) USA - Initial Jobless Claims USA - PPI (MoM) (Aug) Eurozone - ECB Press Conference USA - 30-Year Bond Auction The S&P 500 trimmed its losses on Wednesday, as a tech rally led by Nvidia helped offset…

Key events: UK - GDP (MoM) (Jul) USA - Core CPI (MoM) (Aug) USA - CPI (YoY) (Aug) USA - CPI (MoM) (Aug) USA - Crude Oil Inventories USA - 10-Year Note Auction The S&P 500 reversed early losses to finish higher on Tuesday, as gains in tech helped counter declines in the energy and financial…