Weekly Market Analysis page 20

Key events: UK - GDP (QoQ) (Q1) UK - BoE MPC Member Pill Speaks USA - FOMC Member Bowman Speaks USA - Michigan Consumer Sentiment Thursday marked another positive day for the Dow Jones Industrial Average, extending its winning streak to seven consecutive sessions. Investor optimism surged across…

Key events: UK - BoE Interest Rate Decision (Apr) UK - BoE Gov Bailey Speaks UK - BoE MPC Member Pill Speaks Eurozone - ECB's De Guindos Speaks USA - Initial Jobless Claims USA - FOMC Member Daly Speaks Wednesday saw the S&P 500 closing on a neutral note, with the recent market surge hitting…

Key events: Eurozone - European Central Bank Non-monetary Policy Meeting USA - Crude Oil Inventories USA - 10-Year Note Auction On Tuesday, the S&P 500 managed to secure a modest gain, supported by a decline in Treasury yields, as investors grappled with a multitude of corporate earnings…

Key events: Australia - Retail Sales (MoM) Australia - RBA Interest Rate Decision (May) USA - FOMC Member Kashkari Speaks US stocks opened the week with gains on Monday, buoyed by renewed optimism for a Federal Reserve interest rate cut in September following a disappointing April jobs report.…

Key events: Eurozone - HCOB Eurozone Services PMI (Apr) Switzerland - SNB Board Member Jordan Speaks USA - FOMC Member Williams Speaks The S&P 500 experienced a robust surge on Friday, driven by a notable uptick in tech stocks led by Apple. This rally coincided with the release of data…

Key events: USA - Average Hourly Earnings (MoM) (Apr) USA - Nonfarm Payrolls (Apr) USA - Unemployment Rate (Apr) USA - S&P Global Services PMI (Apr) USA - ISM Non-Manufacturing PMI (Apr) USA - ISM Non-Manufacturing Prices (Apr) Thursday saw the S&P 500 closing on a positive note, with the…

Key events: USA - Initial Jobless Claims Eurozone - HCOB Eurozone Manufacturing PMI (Apr) Eurozone - ECB's Lane Speaks US equities pared some of their losses following the Federal Reserve's decision to keep interest rates unchanged on Wednesday and announced plans to gradually reduce the pace of…

Key events: USA - ADP Nonfarm Employment Change (Apr) USA - S&P Global US Manufacturing PMI (Apr) USA - ISM Manufacturing PMI (Apr) USA - ISM Manufacturing Prices (Apr) USA - JOLTs Job Openings (Mar) USA - Crude Oil Inventories USA - FOMC Statement USA - Fed Interest Rate Decision USA - FOMC…

Key events: Eurozone - CPI (YoY) (Apr) USA - Chicago PMI (Apr) USA - CB Consumer Confidence (Apr) Monday saw a positive close for the S&P 500, buoyed by notable performances from Tesla and Apple as the quarterly earnings season continues its momentum, just on the eve of the impending Federal…

Key events: Eurozone - Eurogroup Meetings Eurozone - ECB's De Guindos Speak Friday saw a robust rally in the S&P 500, marking its best week since November, driven by upbeat earnings reports from tech giants Microsoft and Alphabet, reigniting investor confidence in the AI-driven tech sector.…

Key events: Japan - BoJ Interest Rate Decision USA - Core PCE Price Index (YoY) (Mar) USA - Core PCE Price Index (MoM) (Mar) The S&P 500 closed lower on Thursday, although it recovered significantly from session lows as Meta trimmed some losses. Rising Treasury yields, fueled by economic data…

Key events: USA - GDP (QoQ) (Q1) USA - Initial Jobless Claims Wednesday saw the S&P 500 managing a slight uptick, albeit amid pressure from climbing Treasury yields and softness in industrial sectors. However, a surge in Tesla shares bolstered the tech sector ahead of looming earnings reports…