Weekly Market Analysis page 18

Key events: USA - Independence Day Eurozone - ECB's Lane Speaks Eurozone - ECB McCaul Speaks The S&P 500 achieved another record close on Wednesday during a shortened trading session, as weaker economic data increased hopes for imminent rate cuts, just before the July 4 holiday. The S&P…

Key events: USA - ADP Nonfarm Employment Change (Jun) USA - Initial Jobless Claims USA - S&P Global Services PMI (Jun) USA - ISM Non-Manufacturing PMI (Jun) USA - ISM Non-Manufacturing Prices (Jun) USA - Crude Oil Inventories USA - FOMC Meeting Minutes The S&P 500 closed above 5,500 for…

Key events: Eurozone - CPI (YoY) (Jun) USA - Fed Chair Powell Speaks USA - JOLTs Job Openings (May) The S&P 500 closed higher on Monday, led by tech stocks, as the market began the second half of the year positively, ahead of an important monthly jobs report due later this week. The Dow Jones…

Key events: USA - S&P Global US Manufacturing PMI (Jun) USA - ISM Manufacturing PMI (Jun) USA - ISM Manufacturing Prices (Jun) US stocks fell after Friday's close, with significant declines in the Consumer Goods, Utilities, and Consumer Services sectors dragging shares down. At the end of the…

Key events: UK - GDP (QoQ) (Q1) USA - Core PCE Price Index (YoY) (May) USA - Core PCE Price Index (MoM) (May) USA - Chicago PMI (Jun) The S&P 500 managed a slight gain on Thursday as investors balanced a decline in chipmaker Micron against gains in consumer stocks, just ahead of key inflation…

Key events: UK - BoE Gov Bailey Speaks Eurozone - ECB's Elderson Speaks USA - Durable Goods Orders (MoM) (May) USA - GDP (QoQ) (Q1) USA - Initial Jobless Claims  The S&P 500 closed slightly higher on Wednesday, buoyed by a record surge in Amazon, which lifted the tech sector ahead of upcoming…

Key events: Eurozone - ECB's Lane Speaks USA - Building Permits USA - New Home Sales (May) USA - Crude Oil Inventories  On Tuesday, the Nasdaq surged 1%, bolstered by robust performances from Nvidia and other tech giants, while the Dow faced pressure from retail stocks. Investor focus centered on…

Key events: USA - FOMC Member Bowman Speaks USA - CB Consumer Confidence (Jun) A broad stock market rally pushed the blue-chip Dow to a one-month high on Monday, as investors shifted away from AI-linked stocks and added laggards to their portfolios, anticipating Federal Reserve interest rate cuts…

Key events: Eurozone - ECB McCaul Speaks Eurozone - ECB's Schnabel Speaks Canada - BoC Gov Macklem Speaks USA - FOMC Member Daly Speaks On Friday, US stocks experienced a mixed performance after the market closed. Gains in the Consumer Services, Telecoms, and Consumer Goods sectors propelled some…

Key events: USA - S&P Global US Manufacturing PMI (Jun) USA - S&P Global Services PMI (Jun) USA - Existing Home Sales (May) USA - Fed Monetary Policy Report The S&P 500 dipped after briefly surpassing the 5,500 milestone for the first time ever on Thursday, as Nvidia's decline dragged…

Key events: New Zealand - GDP (QoQ) (Q1) Switzerland - SNB Interest Rate Decision (Q2) UK - BoE Interest Rate Decision (Jun) USA - Initial Jobless Claims USA - Philadelphia Fed Manufacturing Index (Jun) USA - Crude Oil Inventories Asian stocks paused on Thursday, remaining near their highest…

Key events: UK - CPI (YoY) (May) US stocks exhibited stability following the release of subdued retail sales data, which raised concerns about the strength of the US economy while also increasing the likelihood of interest rate cuts this year. The Dow Jones Industrial Average remained mostly…