Daily Market Analysis page 19
January 24, 2024
Key events:
USA - S&P Global US Manufacturing PMI (Jan)
USA - S&P Global Services PMI (Jan)
Canada - BoC Interest Rate Decision
USA - Crude Oil Inventories
The S&P 500 achieved a record high for the third consecutive session on Tuesday, driven by optimistic sentiments in the tech…
January 23, 2024
Key events:
Canada - New Housing Price Index (MoM) (Dec)
USA - API Weekly Crude Oil Stock
The S&P 500 and Dow achieved record highs on Monday, with the Dow closing above 38,000 for the first time, marking a significant milestone amid the ongoing tech surge. The Dow Jones Industrial Average…
January 22, 2024
Key events:
Eurozone - ECB President Lagarde Speaks
Japan - BoJ Interest Rate Decision
On Friday, the S&P 500 achieved an unprecedented high as investors continued to gravitate toward prominent tech stocks. This surge was fueled by encouraging data revealing heightened consumer sentiment and…
January 19, 2024
Key events:
Eurozone - ECB President Lagarde Speaks
USA - Existing Home Sales (Dec)
USA - Michigan Consumer Sentiment
USA - FOMC Member Daly Speaks
On Thursday, the Dow managed to close higher despite a momentary stumble during the day, thanks to a resurgence in big tech, particularly fueled by a…
January 18, 2024
Key events:
USA - Initial Jobless Claims
USA - Philadelphia Fed Manufacturing Index (Jan)
USA - Crude Oil Inventories
On Wednesday, US equities experienced a decline, influenced by a continued rise in Treasury yields that exerted pressure on the technology sector. The surge in yields was driven…
January 17, 2024
Key events:
UK - CPI (YoY) (Dec)
Eurozone -CPI (YoY) (Dec)
USA - Core Retail Sales (MoM) (Dec)
USA - Retail Sales (MoM) (Dec)
The Dow concluded the trading session with a decline on Tuesday, as investors processed a flurry of earnings reports and a surge in Treasury yields following remarks from…
January 16, 2024
Key events:
UK - Average Earnings Index +Bonus (Nov)
UK - Employment Change 3M/3M (MoM) (Nov)
UK - Unemployment Rate (Nov)
Eurozone - German CPI (MoM) (Dec)
USA - NY Empire State Manufacturing Index (Jan)
UK - BoE Gov Bailey Speaks
USA - Fed Waller Speaks
On Monday night, US stocks…
January 15, 2024
Key events:
USA - Martin Luther King, Jr. Day
Eurozone - Industrial Production (MoM) (Nov)
Eurozone - Trade Balance (Nov)
Canada - Wholesale Sales (MoM) (Nov)
Canada - BoC Business Outlook Survey
On Friday, US stocks closed with minimal changes, fluctuating between slight gains and losses. Mixed…
January 12, 2024
Key events:
UK - GDP (MoM) (Nov)
USA - PPI (MoM) (Dec)
US stocks experienced modest gains on Thursday as investors processed a decrease in core inflation for December, despite higher-than-expected headline consumer prices. The Dow Jones Industrial Average declined by 255 points or 0.7%, the S…
January 11, 2024
Key events:
USA - Core CPI (MoM) (Dec)
USA - CPI (MoM) (Dec)
USA - CPI (YoY) (Dec)
USA - Initial Jobless Claims
USA - 30-Year Bond Auction
On Wednesday, US stocks saw an upward trend with a boost from mega-cap companies, although gains were tempered in anticipation of forthcoming inflation…
January 10, 2024
Key events:
Eurozone - ECB's De Guindos Speaks
Eurozone - ECB's Schnabel Speaks
UK - BoE Gov Bailey Speaks
USA - Crude Oil Inventories
USA - 10-Year Note Auction
USA - FOMC Member Williams Speaks
On Tuesday, US stocks retreated, relinquishing some of the previous session's tech-driven gains,…
January 09, 2024
Key events:
Australia - Building Approvals (MoM) (Nov)
Australia - Retail Sales (MoM) (Nov)
Eurozone - Unemployment Rate (Nov)
USA - Exports
USA - Imports
USA - Trade Balance (Nov)
Canada - Building Permits (MoM) (Nov)
Canada - Trade Balance (Nov)
Equities surged at the beginning of the trading…