Weekly Market Analysis page 19

Key events: Australia - RBA Interest Rate Decision (Jun) Eurozone - CPI (YoY) (May) USA - Core Retail Sales (MoM) (May) USA - Retail Sales (MoM) (May) The S&P 500 closed at a new all-time high on Monday, overcoming rising Treasury yields as technology stocks continued their upward trajectory…

Key events: Eurozone - ECB's Lane Speaks Eurozone - ECB President Lagarde Speaks Eurozone - ECB's De Guindos Speaks USA - Member Williams Speaks USA - FOMC Member Harker Speaks On Friday, the Nasdaq achieved its fifth consecutive record high, driven by gains in Adobe and other technology stocks,…

Key events: Japan - BoJ Interest Rate Decision USA - Fed Monetary Policy Report USA - Michigan Consumer Sentiment The S&P 500 achieved a new record close on Thursday, spurred by a significant rise in Broadcom, which boosted semiconductor stocks, and buoyed by growing expectations of rate cuts…

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…