Weekly Market Analysis page 19
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…
May 20, 2024
Key events:
UK - BoE MPC Member Broadbent Speaks
USA - FOMC Member Bostic Speaks
USA - Fed Vice Chair for Supervision Barr Speaks
USA - Fed Waller Speaks
USA - FOMC Member Mester Speaks
Friday saw the Dow achieving a historic milestone, surpassing 40,000 for the first time ever. This achievement…
May 17, 2024
Key events:
Eurozone - ECB's De Guindos Speaks
UK - BoE MPC Member Mann Speaks
Eurozone - CPI (YoY) (Apr)
USA - Fed Kashkari Speaks
USA - Fed Waller Speaks
USA - FOMC Member Daly Speaks
Thursday marked a reversal for the Dow, halting a two-day winning streak, even as it briefly surpassed the…
May 16, 2024
Key events:
Japan - GDP (QoQ) (Q1)
USA - Initial Jobless Claims
USA - Philadelphia Fed Manufacturing Index (May)
On Wednesday, the Dow Jones Industrial Average, S&P 500, and Nasdaq Composite all reached new record highs, buoyed by a more significant-than-expected slowdown in consumer…
May 15, 2024
Key events:
USA - Core CPI (MoM) (Apr)
USA - Core Retail Sales (MoM) (Apr)
USA - CPI (YoY) (Apr)
USA - CPI (MoM) (Apr)
USA - Retail Sales (MoM) (Apr)
USA - Crude Oil Inventories
Tuesday saw the Nasdaq soaring to new heights, disregarding concerns raised by a higher-than-expected inflation report…
May 14, 2024
Key events:
UK - Unemployment Rate (Mar)
UK - BoE MPC Member Pill Speaks
USA - PPI (MoM) (Apr)
USA - Fed Chair Powell Speaks
Monday saw the S&P 500 holding steady as investors braced for a pivotal inflation report slated for later in the week, a factor poised to influence the Federal Reserve…
May 13, 2024
Key events:
Canada - Building Permits (MoM) (Mar)
USA - FOMC Member Mester Speaks
Global equities surged on Friday, driving European stocks to new record highs amid robust corporate earnings and expectations of imminent central bank interest rate cuts. Despite signs of decelerating US economic…