Weekly Market Analysis page 18
June 05, 2024
Key events:
USA - Nonfarm Employment Change (May)
USA - S&P Global Services PMI (May)
Canada - BoC Interest Rate Decision
USA - ISM Non-Manufacturing PMI (May)
USA - ISM Non-Manufacturing Prices (May)
USA - Crude Oil Inventories
The Dow closed higher on Tuesday as a significant drop in job…
June 04, 2024
Key events:
USA - JOLTs Job Openings (Apr)
The Dow closed lower on Monday, driven by a decline in energy stocks due to falling oil prices and weaker manufacturing data indicating a slowing economy.
The 30-stock Dow Jones Industrial Average fell by 115 points, or 0.5%, although it ended well above…
June 03, 2024
Key events:
USA - S&P Global US Manufacturing PMI (May)
USA - ISM Manufacturing PMI (May)
USA - ISM Manufacturing Prices (May)
The Dow Jones Industrial Average surged nearly 580 points on Friday as investor optimism improved following a sharper-than-expected decline in the US Personal…
May 31, 2024
Key events:
Eurozone - CPI (YoY) (May)
USA - Core PCE Price Index (MoM) (Apr)
USA - Core PCE Price Index (YoY) (Apr)
USA - Chicago PMI (May)
Canada - GDP (QoQ) (Q1)
The S&P 500 closed lower on Thursday, pulled down by a drop in technology stocks, particularly Salesforce, and cautious…
May 30, 2024
Key events:
USA - GDP (QoQ) (Q1)
USA - Initial Jobless Claims
USA - Crude Oil Inventories
USA - FOMC Member Williams Speaks
The Dow closed sharply lower on Wednesday, influenced by rising Treasury yields and weakness in industrial stocks, particularly airlines, which dropped significantly due to…
May 29, 2024
Key events:
USA - FOMC Member Williams Speaks
USA - Beige Book
Tuesday saw the Nasdaq reaching a historic high, surpassing the 17,000 mark for the first time ever. However, the index relinquished some of its gains later in the session as Apple's rally waned, though the strength in Nvidia helped…
May 28, 2024
Key events:
USA - FOMC Member Bowman Speaks
USA - FOMC Member Mester Speaks
USA - FOMC Member Kashkari Speaks
USA - CB Consumer Confidence (May)
USA - FOMC Member Daly Speaks
US stock index futures saw a slight rise in evening trading on Monday, with the market's attention focused on upcoming key…
May 27, 2024
Key events:
Eurozone - Eurogroup Meetings
Eurozone - ECB's Lane Speaks
USA - FOMC Member Williams Speaks
US stocks bounced back on Friday after sharp losses the previous day, fueled by news of an improving consumer outlook on inflation. This rally led the Nasdaq to its fifth consecutive week of…
May 24, 2024
Key events:
UK - Core Retail Sales (MoM) (Apr)
Eurozone - ECB's Schnabel Speaks
Canada - Core Retail Sales (MoM) (Mar)
USA - Durable Goods Orders (MoM) (Apr)
USA - Fed Waller Speaks
USA - Michigan Consumer Sentiment (May)
The S&P 500 closed lower on Thursday as increasing Treasury yields,…
May 23, 2024
Key events:
USA - Initial Jobless Claims
USA - S&P Global US Manufacturing PMI (May)
USA - S&P Global Services PMI (May)
USA - New Home Sales (Apr)
The S&P 500 ended Wednesday in the red, falling from its recent record high as investors processed the Federal Reserve's May meeting…
May 22, 2024
Key events:
New Zealand - RBNZ Interest Rate Decision
UK - CPI (YoY) (Apr)
USA - Existing Home Sales (Apr)
USA - Crude Oil Inventories
USA - FOMC Meeting Minutes
The S&P 500 and Nasdaq reached record highs on Tuesday, as investors capitalized on a dip in tech stocks ahead of Nvidia's highly…
May 21, 2024
Key events:
Eurozone - ECB President Lagarde Speaks
USA - Fed Governor Kroszner Speaks
USA - Fed Waller Speaks
USA - FOMC Member Williams Speaks
USA - FOMC Member Bostic Speaks
USA - Fed Vice Chair for Supervision Barr Speaks
UK - BoE Gov Bailey Speaks
Monday saw the Nasdaq reaching an…