Weekly Market Analysis page 24

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…

Key events: USA - Core PCE Price Index (MoM) (Jan) USA - Core PCE Price Index (YoY) (Jan) USA - Initial Jobless Claims      USA - Chicago PMI (Feb) On Wednesday, the S&P 500 experienced a slight decline, but the broadening rally beyond the technology sector helped mitigate losses as…

Key events: New Zealand - RBNZ Interest Rate Decision USA - GDP (QoQ) (Q4) USA - Crude Oil Inventories USA - FOMC Member Bostic Speaks USA - FOMC Member Williams Speaks On Tuesday, the S&P 500 closed higher, thanks to dip buyers alleviating losses in the tech sector. Quarterly results from…

Key events: Eurozone - ECB's Elderson Speaks USA - Core Durable Goods Orders (MoM) (Jan) USA - CB Consumer Confidence (Feb) The S&P 500 achieved a fresh record high of 5,088 last week, propelled by Nvidia's impressive quarterly report. Earlier on Friday, the index reached 5,111, establishing…

Key events: Eurozone - German GDP (QoQ) (Q4) Eurozone - ECB's Schnabel Speaks Eurozone - ECB's Supervisory Board Member Jochnick Speaks Investors propelled the S&P 500 and Dow Jones Industrial Average to historic closing highs on Thursday, driven by a surge in interest in growth and…

Key events: Eurozone - CPI (YoY) (Jan) USA - Initial Jobless Claims USA - S&P Global US Manufacturing PMI (Feb) USA - S&P Global Services PMI (Feb) USA - Existing Home Sales (Jan)                USA - Crude Oil Inventories The Dow recorded gains in Wednesday's session, experiencing a late…

Key events: USA - FOMC Member Bostic Speaks USA - FOMC Member Bowman Speaks USA - FOMC Meeting Minutes On Tuesday, the Dow experienced a decline as investor caution grew regarding Nvidia's upcoming quarterly results and the release of the Federal Reserve's January meeting minutes later in the…

Key events: UK - BoE Gov Bailey Speaks UK - BoE MPC Member Broadbent Speaks Canada - CPI (MoM) (Jan) On Monday, the dollar made slight gains, extending its five-week rise fueled by robust inflation data, while the yen hovered around the psychologically significant 150 level. US markets remained…

Key events: USA - Washington's Birthday Australia - RBA Meeting Minutes On Friday, US stocks experienced a decline, particularly the Nasdaq, as a hotter-than-expected producer prices report diminished hopes for immediate interest rate cuts by the Federal Reserve. The Labor Department's report…

Key events: UK - Retail Sales (YoY) (Jan) USA - Michigan Consumer Sentiment USA - PPI (MoM) (Jan) USA - FOMC Member Daly Speaks On Thursday, US stocks experienced an upward surge, supported by a notable rise in energy stocks, counterbalancing a decline in the technology sector led by Apple, and…