Daily Market Analysis page 27

Key events: Japan - GDP (QoQ) (Q2) Canada - Employment Change (Aug) Canada - Unemployment Rate (Aug) On Thursday, global stock indices predominantly experienced declines, notably the S&P 500 and Nasdaq, which registered drops attributed to Apple's (NASDAQ: AAPL) performance. Concurrently, the…

Key events:   USA - Initial Jobless Claims   USA - Crude Oil Inventories On Wednesday, global stock indices faced a decline, while the benchmark US Treasury yield saw an increase, and the US dollar reached a six-month high. This was prompted by robust US services sector data, which suggested that…

Key events:   USA - S&P Global Services PMI (Aug)   USA - ISM Non-Manufacturing PMI (Aug)   USA - ISM Non-Manufacturing Prices (Aug) Canada - BoC Interest Rate Decision On Tuesday, Wall Street's primary stock indices closed in negative territory, with the Dow leading the decline. This was…

Key events:   Australia - RBA Interest Rate Decision (Sep) Eurozone - ECB President Lagarde Speaks USA - Factory Orders (MoM) (Jul)   Eurozone - ECB's De Guindos Speaks In the evening hours of Monday, US stock futures exhibited a mixed trend, as the major indices were closed for the Labor Day…

Key events:   USA - Labor Day Canada - Labor Day Eurozone - ECB's Elderson Speaks      Eurozone - ECB President Lagarde Speaks US stock futures traded within a relatively stable range following a positive week for major benchmark averages, with the markets scheduled to be closed on Monday in…

Key events: USA - Average Hourly Earnings (MoM) (Aug) USA - Nonfarm Payrolls (Aug) USA - Unemployment Rate (Aug) USA - ISM Manufacturing PMI (Aug)   ISM Manufacturing Prices (Aug) US equities were on an upward trajectory as August came to a close, bolstered by the anticipation of Friday's…

Key events:   China - Manufacturing PMI (Aug) Eurozone - CPI (YoY) (Aug) USA - Core PCE Price Index (YoY) (Jul)   USA - Core PCE Price Index (MoM) (Jul)   USA - Initial Jobless Claims On Wednesday, US stocks displayed resilience despite encountering weaker-than-expected economic data, with…

Key events: USA - ADP Nonfarm Employment Change (Aug) USA - GDP (QoQ) (Q2)    USA - Pending Home Sales (MoM) (Jul) USA - Crude Oil Inventories On Tuesday, Wall Street experienced a surge in activity, accompanied by a decline in Treasury yields. This occurred within the context of light trading…

Key events: USA - CB Consumer Confidence (Aug)   USA - JOLTs Job Openings (Jul) On Monday, Wall Street concluded on a positive note, driven by advancements in 3M and Goldman Sachs, just ahead of significant inflation and jobs data scheduled for release this week. This data holds the potential to…

Key events:   UK - Bank Holiday Australia - Retail Sales (MoM) (Jul) The US stock benchmarks have been grappling with a lack of decisive direction, alternating between substantial gains one day and notable losses the next. As the week concluded, the S&P 500 managed a modest uptick of 0.8%,…

Key events:   USA - Fed Chair Powell Speaks On Thursday, all three major US stock indices concluded with declines exceeding 1% each. The Nasdaq experienced the most significant drop due to recent substantial gains, while investor apprehension loomed ahead of Federal Reserve Chair Jerome Powell's…

Key events:   USA - Core Durable Goods Orders (MoM) (Jul) USA - Initial Jobless Claims The closing of Wednesday witnessed a pronounced surge in US stocks, prominently propelled by the escalating value of Nvidia (NASDAQ: NVDA) shares ahead of the company's quarterly financial disclosures. Nvidia's…