Daily Market Analysis page 18

Key events: UK - BoE Interest Rate Decision (Aug) USA - Initial Jobless Claims USA - S&P Global US Services PMI (Jul) USA - ISM Non-Manufacturing PMI (Jul) Yesterday, European markets experienced another day of declines, primarily driven by concerns surrounding weaker-than-expected economic…

Key events: USA - ADP Nonfarm Employment Change (Jul)   USA - Crude Oil Inventories Tuesday witnessed a stumble in the S&P 500, with consumer stocks bearing the brunt of the pressure, as investors absorbed the latest round of quarterly earnings reports. The S&P 500 declined by 0.3%, while…

Key events: Australia - RBA Interest Rate Decision (Aug) UK - S&P Global/CIPS UK Manufacturing PMI (Jul)   USA - ISM Manufacturing PMI (Jul) USA - JOLTs Job Openings (Jun) On Monday, Wall Street and global stocks showed minimal changes, remaining relatively stable. However, oil prices…

Key events: China - Manufacturing PMI (Jul) Eurozone - CPI (YoY) (Jul) On Friday, the Dow Jones Industrial Average concluded with a gain, marking its third consecutive weekly victory as investors showed a strong interest in prominent tech and chip stocks. The surge came in response to a decline…

Key events:  Japan - BoJ Press Conference                             USA - Core PCE Price Index (MoM) (Jun)              USA - Core PCE Price Index (YoY) (Jun) On Thursday, the Dow Jones Industrial Average was poised to break its longest winning streak in 36 years, indicating that Wall Street's…

Key events:  Eurozone - Deposit Facility Rate (Jul) Eurozone - ECB Interest Rate Decision (Jul) USA - Core Durable Goods Orders (MoM) (Jun); USA - GDP (QoQ) (Q2; USA - Initial Jobless Claims; Eurozone - ECB Press Conference  USA - Pending Home Sales (MoM) (Jun) On Wednesday evening, US stock…

Key events:   USA - Building Permits USA - New Home Sales (Jun) USA - Crude Oil Inventories USA - FOMC Statement             USA - Fed Interest Rate Decision USA - FOMC Press Conference  European markets have had a cautiously optimistic start to the week, with hopes of additional stimulus…

Key events: Canada - Manufacturing Sales (MoM) USA - S&P/CS HPI Composite - 20 n.s.a. (YoY) (May) USA - CB Consumer Confidence (Jul) The Dow continued its winning streak on Monday, notching an impressive eleventh-straight gain, thanks to a surge in energy stocks. Investors remained optimistic…

Key events: UK - S&P Global/CIPS UK Manufacturing PMI USA - S&P Global US Services PMI (Jul) On Friday, the Dow managed to secure a victory, achieving its 10th consecutive weekly gain and extending its longest winning streak since 2017. The positive performance was driven by gains in…

Key events: UK - Retail Sales (MoM) (Jun) Canada - Retail Sales (MoM) (May) On Thursday, both the S&P 500 and Nasdaq experienced declines due to the disappointing quarterly results of Tesla (NASDAQ: TSLA) and Netflix (NASDAQ: NFLX). However, the Dow managed to continue its positive streak for…

Key events: USA - Initial Jobless Claims USA - Philadelphia Fed Manufacturing Index (Jul) USA - Existing Home Sales (Jun) During Wednesday's evening trading, Dow futures were showing a decline after major benchmark averages reached new 15-month highs earlier in the day. Traders were closely…

Key events: UK - CPI (YoY) (Jun) Eurozone - CPI (YoY) (Jun) USA - Building Permits (Jun) USA - Crude Oil Inventories Investors celebrated Tuesday as the S&P 500 surged, driven by better-than-expected quarterly results from several major corporations, including prominent Wall Street banks. The…