Weekly Market Analysis page 23
March 21, 2024
Key events:
Switzerland - SNB Interest Rate Decision (Q1)
UK - BoE Interest Rate Decision (Mar)
USA - Initial Jobless Claims
USA - Philadelphia Fed Manufacturing Index (Mar)
USA - S&P Global US Manufacturing PMI (Mar)
USA - S&P Global Services PMI (Mar)
USA - Existing Home Sales (Feb)…
March 20, 2024
Key events:
UK - CPI (YoY) (Feb)
USA - Crude Oil Inventories
USA - FOMC Economic Projections
USA - FOMC Statement
USA - Fed Interest Rate Decision
USA - FOMC Press Conference
New Zealand - GDP (QoQ) (Q4)
Tuesday saw the S&P 500 reaching unprecedented heights, buoyed by the energy sector's…
March 19, 2024
Key events:
Eurozone - CPI (YoY) (Feb)
The S&P 500 ended the day on a positive note Monday, driven by gains in the technology sector, as investors turned their attention to the upcoming Federal Reserve meeting and its implications for interest rates.
The Dow Jones Industrial Average edged up…
March 18, 2024
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…
March 15, 2024
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…
March 14, 2024
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…
March 13, 2024
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…
March 12, 2024
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…
March 11, 2024
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…
March 08, 2024
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…
March 07, 2024
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…
March 06, 2024
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…