Weekly Market Analysis page 27
February 02, 2024
Key events:
USA - Average Hourly Earnings (MoM) (Jan)
USA - Nonfarm Payrolls (Jan)
USA - Unemployment Rate (Jan)
On Thursday, the Dow marked a new record closing high, rebounding from the Federal Reserve-induced sell-off the previous day. Investors engaged in dip-buying in the technology sector…
February 01, 2024
Key events:
Eurozone - CPI (YoY) (Jan)
UK - BoE Interest Rate Decision (Jan)
USA - Initial Jobless Claims
USA - ISM Manufacturing PMI (Jan)
USA - ISM Manufacturing Prices (Jan)
On Wednesday, the Dow experienced a decline following Federal Reserve Chairman Jerome Powell's statement, dashing hopes…
January 31, 2024
Key events:
Eurozone - German CPI (MoM) (Jan)
USA - ADP Nonfarm Employment Change (Jan)
USA - Chicago PMI (Jan)
USA - FOMC Statement
USA - Fed Interest Rate Decision
USA - FOMC Press Conference
The Dow secured its second consecutive record high on Tuesday, driven by robust quarterly earnings in…
January 30, 2024
Key events:
Eurozone - German GDP (QoQ) (Q4)
USA - CB Consumer Confidence (Jan)
USA - JOLTs Job Openings (Dec)
China - Manufacturing PMI (Jan)
The beginning of the week witnessed a cautious tone in European markets, as both the CAC 40 and DAX hovered around last week's record closing highs. Today…
January 29, 2024
Key events:
Eurozone - ECB's De Guindos Speaks
Australia - Retail Sales (MoM) (Dec)
The S&P 500 concluded a five-session streak of record highs on Friday, marked by Intel (NASDAQ: INTC) slumping following a grim revenue forecast, and US economic data indicating moderated inflation. Despite…
January 26, 2024
Key events:
USA - Core PCE Price Index (MoM) (Dec)
USA - Core PCE Price Index (YoY) (Dec)
The S&P 500 achieved consecutive record closes for the fifth day, with positive corporate earnings and optimistic economic growth offsetting concerns about inflation, leading to a decline in Treasury…
January 25, 2024
Key events:
Eurozone - Deposit Facility Rate (Jan)
Eurozone - ECB Interest Rate Decision (Jan)
USA - Core Durable Goods Orders (MoM) (Dec)
USA - GDP (QoQ) (Q4)
USA - Initial Jobless Claims
USA - New Home Sales (Dec)
On Wednesday, the S&P 500 achieved yet another record high, driven by Netflix…
January 24, 2024
Key events:
USA - S&P Global US Manufacturing PMI (Jan)
USA - S&P Global Services PMI (Jan)
Canada - BoC Interest Rate Decision
USA - Crude Oil Inventories
The S&P 500 achieved a record high for the third consecutive session on Tuesday, driven by optimistic sentiments in the tech…
January 23, 2024
Key events:
Canada - New Housing Price Index (MoM) (Dec)
USA - API Weekly Crude Oil Stock
The S&P 500 and Dow achieved record highs on Monday, with the Dow closing above 38,000 for the first time, marking a significant milestone amid the ongoing tech surge. The Dow Jones Industrial Average…
January 22, 2024
Key events:
Eurozone - ECB President Lagarde Speaks
Japan - BoJ Interest Rate Decision
On Friday, the S&P 500 achieved an unprecedented high as investors continued to gravitate toward prominent tech stocks. This surge was fueled by encouraging data revealing heightened consumer sentiment and…
January 19, 2024
Key events:
Eurozone - ECB President Lagarde Speaks
USA - Existing Home Sales (Dec)
USA - Michigan Consumer Sentiment
USA - FOMC Member Daly Speaks
On Thursday, the Dow managed to close higher despite a momentary stumble during the day, thanks to a resurgence in big tech, particularly fueled by a…
January 18, 2024
Key events:
USA - Initial Jobless Claims
USA - Philadelphia Fed Manufacturing Index (Jan)
USA - Crude Oil Inventories
On Wednesday, US equities experienced a decline, influenced by a continued rise in Treasury yields that exerted pressure on the technology sector. The surge in yields was driven…











