Weekly Market Analysis page 18

Key events: USA - Initial Jobless Claims USA - PPI (MoM) (May) USA - 30-Year Bond Auction On Wednesday, the S&P 500 achieved an intraday record high before closing with a gain, despite the Federal Reserve indicating only a single rate cut for this year. Positive sentiment was buoyed by data…

Key events: UK - GDP (MoM) (Apr) USA - Core CPI (MoM) (May) USA - Crude Oil Inventories USA - FOMC Economic Projections USA - FOMC Statement USA - Fed Interest Rate Decision USA - FOMC Press Conference The S&P 500 was poised for a record close on Tuesday after paring losses due to falling…

Key events: UK - Employment Change 3M/3M (MoM) (Apr) UK - Unemployment Rate (Apr) Eurozone - ECB's Lane Speaks USA - 10-Year Note Auction The S&P 500 and Nasdaq closed at new record highs on Monday, as the technology sector led the charge just before the Federal Reserve's interest rate…

Key events: Japan - GDP (QoQ) (Q1) Wall Street stocks finished the week slightly lower on Friday following a session of volatile trading. A stronger-than-expected US jobs report indicated a robust economy but raised concerns that the Federal Reserve might delay cutting interest rates longer than…

Key events: USA - Average Hourly Earnings (MoM) (May) USA - Nonfarm Payrolls (May) USA - Unemployment Rate (May) The S&P 500 paused on Tuesday but remained near record highs as investors assessed signs of a cooling labor market, just a day before the critical monthly US jobs report. The Dow…

Key events: Eurozone - Deposit Facility Rate (Jun) Eurozone - ECB Interest Rate Decision (Jun) USA - Initial Jobless Claims Eurozone - ECB Press Conference The S&P 500 and Nasdaq reached new record highs on Wednesday, driven by Nvidia's strong performance in the tech sector and declining…

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…

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…

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…

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…

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…

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…