Weekly Market Analysis page 22

Key events: Eurozone - CPI (YoY) (Feb) On Friday, the S&P 500 experienced its second consecutive weekly decline, with the tech sector feeling the pressure from rising Treasury yields amid concerns that the Federal Reserve might emphasize the necessity for higher interest rates to persist in…

Key events: USA - NY Empire State Manufacturing Index (Mar) USA - Michigan Consumer Sentiment (Mar) Eurozone - ECB's Lane Speaks On Thursday, the Dow closed lower, halting a three-day winning streak, as investor sentiment took a hit from reports indicating higher-than-expected inflation and signs…

Key events: USA - Core Retail Sales (MoM) (Feb) USA - Initial Jobless Claims USA - PPI (MoM) (Feb) USA - Retail Sales (MoM) (Feb) On Wednesday, the Dow managed to edge higher for a third consecutive day, bolstered by gains in energy stocks, although a decline in tech stocks tempered overall…

Key events: UK - GDP (MoM) (Jan) USA - Crude Oil Inventories USA - 30-Year Bond Auction The S&P 500 soared to a new record high on Tuesday, as US stocks shrugged off a hotter-than-anticipated inflation report, buoyed by fresh bullish sentiment in the tech sector. The benchmark S&P 500…

Key events: USA - Core CPI (MoM) (Feb) USA - USD CPI (YoY) (Feb) USA - CPI (MoM) (Feb) USA - 10-Year Note Auction On Monday, the Dow Jones Industrial Average experienced a modest gain as investors anticipated forthcoming inflation data, a crucial factor influencing the Federal Reserve's stance on…

Key events: Japan - GDP (QoQ) (Q4) UK - BoE MPC Member Mann  On Friday, the S&P 500 and Nasdaq experienced a decline after reaching record highs earlier in the session. High-flying chip stocks reversed course, and a mixed labor market report, featuring more new jobs than anticipated coupled…

Key events: USA - Average Hourly Earnings (MoM) (Feb) USA - Nonfarm Payrolls (Feb) USA - Unemployment Rate (Feb) The S&P 500 achieved a new record high on Thursday, driven by gains in the tech sector. Federal Reserve Chair Jerome Powell's reaffirmation of potential rate cuts this year fueled…

Key events: Eurozone - Deposit Facility Rate (Mar) Eurozone - ECB Interest Rate Decision (Mar) USA - Initial Jobless Claims Eurozone - ECB Press Conference USA - Fed Chair Powell Testifies On Wednesday, US stocks experienced a rise, particularly in the tech sector, following Federal Reserve Chair…

Key events: UK - Spring Forecast Statement USA - ADP Nonfarm Employment Change (Feb) Canada - BoC Interest Rate Decision USA - Fed Chair Powell Testifies USA - JOLTs Job Openings (Jan) USA - Crude Oil Inventories On Tuesday, investors in both the United States and Europe approached the equity…

Key events: USA - S&P Global Services PMI (Feb) USA - ISM Non-Manufacturing PMI (Feb) USA - ISM Non-Manufacturing Prices (Feb) On Monday, US stock markets experienced a retreat from recent record highs, with Federal Reserve officials downplaying the possibility of imminent rate cuts ahead of…

Key events:  Australia - Building Approvals USA - FOMC Member Harker Speaks The week concluded with the S&P 500 and Nasdaq achieving record closes, propelled by a decline in Treasury yields and a surge in chip stocks led by Nvidia. Tech sector quarterly results continue to reflect a growing…

Key events: Eurozone - CPI (YoY) (Feb) USA - S&P Global US Manufacturing PMI (Feb) USA -ISM Manufacturing PMI (Feb) USA -ISM Manufacturing Prices (Feb) On Thursday, the Nasdaq achieved a record high for the first time since 2021, propelled by the ongoing artificial intelligence-driven rally…