Daily Market Analysis page 22

Key events:  USA - ISM Manufacturing PMI (Nov) USA - ISM Manufacturing Prices (Nov) USA - Fed Chair Powell Speaks US stock futures experienced a slight decline in overnight trading on Thursday, following the Dow Jones Industrial Average's attainment of a new 2023 peak, concluding its most…

Key events: China - Manufacturing PMI (Nov) Eurozone - CPI (YoY) (Nov) USA - Core PCE Price Index (YoY) (Oct) USA - Core PCE Price Index (MoM) (Oct) USA - Initial Jobless Claims USA - Pending Home Sales (MoM) (Oct) On Wednesday, US stocks experienced an uptick, spurred by dovish remarks from a…

Key events:  New Zealand - RBNZ Interest Rate Decision USA - GDP (QoQ) (Q3) USA - FOMC Member Mester Speaks USA - Beige Book On Tuesday, the Dow saw an upward trend, supported by a decline in Treasury yields, fueled by dovish statements from certain Federal Reserve officials, intensifying…

Key events: Australia - Retail Sales (MoM) (Oct) USA - CB Consumer Confidence (Nov) USA - Fed Waller Speaks USA - FOMC Member Bowman Speaks Eurozone - ECB President Lagarde Speaks UK - MPC Member Haskel Speaks On Monday, the Dow experienced a decline in a subdued market, with investors hesitating…

Key events:  USA - Building Permits USA - New Home Sales (Oct) Eurozone - ECB President Lagarde Speaks In Friday's holiday-shortened trading session, US stocks experienced marginal changes with low volume and investor caution, particularly focused on the beginning of the seasonal shopping season…

Key events: Eurozone - German GDP (QoQ) (Q3) Eurozone - ECB President Lagarde Speaks Canada - Retail Sales (MoM) (Sep) USA - S&P Global Services PMI (Nov) Post-Thanksgiving, a sense of caution is prevalent in the markets as investors show reluctance to make significant moves, anticipating a…

Key events: USA - Thanksgiving Day Wednesday witnessed a rise in Wall Street's primary indices, fueled by optimism that the Federal Reserve had concluded its cycle of interest rate hikes. Despite this positive sentiment, escalating Treasury yields and lackluster earnings reports tempered the…

Key events: UK - Autumn Forecast Statement USA - Core Durable Goods Orders (MoM) (Oct) USA - Initial Jobless Claims USA - Crude Oil Inventories USA - Michigan Consumer Sentiment (Nov) Tuesday witnessed a retreat in the US stock markets as investors anxiously anticipated the release of the Federal…

Key events: USA - Existing Home Sales (Oct) USA - Existing Home Sales USA - FOMC Meeting Minutes During Monday's evening trading, US stock futures exhibited limited movement, maintaining a narrow range after modest gains in major benchmark indices. Lower yields contributed to the positive…

Key events: USA - Existing Home Sales USA - Existing Home Sales (Oct) USA - FOMC Meeting Minutes Global stocks held steady near two-month highs on Friday, and Treasury yields briefly touched two-month lows as investors maintained the belief that US interest rates have reached their peak and could…

Key events:  Eurozone - CPI (YoY) (Oct) USA - Building Permits (Oct) On Thursday, US stocks experienced a decline, driven by a downturn in Walmart and concerns about the economy amidst a series of economic data that mostly fell below expectations. The Dow Jones Industrial Average saw a decrease…

Key events: USA - Initial Jobless Claims USA - Philadelphia Fed Manufacturing Index (Nov) The Dow Jones Industrial Average is on an upward trajectory for the fourth consecutive session this Wednesday, buoyed by positive October releases from the Producer Price Index (PPI) and US Retail Sales.…