Daily Market Analysis page 28

Key events:   USA - Building Permits USA - S&P Global US Services PMI (Aug) USA - New Home Sales (Jul)   USA - Crude Oil Inventories Global stock markets attempted a comeback on Tuesday, but the momentum was dampened as benchmark Treasury yields surged to levels not seen in nearly 16 years.…

Key events:   USA - Existing Home Sales (Jul) US Treasury yields reached their highest point in a decade, European equities rebounded from a six-week low, and the Nasdaq surged over 1% on Monday, with investors anticipating the upcoming Federal Reserve meeting in Jackson Hole, Wyoming, scheduled…

Key events:   Canada - New Housing Price Index (MoM) (Jul) On Friday, the US stock market presented a mixed picture, reflecting a situation where signs of resilience in the US economy are simultaneously fueling concerns about the prolonged maintenance of elevated interest rates. The Dow Jones…

Key events:   Eurozone - CPI (YoY) (Jul) After a day of volatile trading, the primary indices on Wall Street concluded with losses due to setbacks in the healthcare sector overshadowing gains made by Cisco and energy stocks. The backdrop of encouraging economic data further heightened…

Key events:   USA - Initial Jobless Claims   USA - Philadelphia Fed Manufacturing Index (Aug) While European markets have experienced a lack of clear direction this week, displaying a slight downward trend, the FTSE 100 is poised to record its most significant weekly decline in over a month. The…

Key events:   New Zealand - RBNZ Interest Rate Decision UK - CPI (YoY) (Jul)   USA - Building Permits (Jul)    USA - Crude Oil Inventories USA - FOMC Meeting Minutes Yesterday, European markets underwent a challenging trading session, experiencing significant declines to reach their lowest points…

Key events:   Japan - GDP (QoQ) (Q2) USA - Core Retail Sales (MoM) (Jul) USA - Retail Sales (MoM) (Jul) European markets embarked on a cautiously optimistic note at the onset of the week, aiming to rebound from two weeks of declines, despite lingering concerns about the Chinese real estate sector…

Key events:   USA - Consumer Inflation Expectations On Friday, the Dow concluded with an increase, achieving a modest weekly advancement. However, the potential for further gains was limited due to resurfacing concerns about inflation, which led to an increase in Treasury yields. These inflation…

Key events: UK - GDP (YoY) (Q2) UK - GDP (MoM) (Jun) UK - GDP (QoQ) (Q2)   USA - PPI (MoM) (Jul) The Dow Jones Industrial Average concluded with gains on Thursday, buoyed by a surge in Disney shares that helped recover much of its earlier losses, even as climbing Treasury yields cast a shadow…

Key events: USA - Core CPI (MoM) (Jul)   USA - CPI (YoY) (Jul)   USA - CPI (MoM) (Jul)   USA - Initial Jobless Claims Stock futures climbed during overnight trading on Wednesday, building on slight upswings seen in major benchmark indices. Investors were attentively tracking upcoming earnings…

Key events: USA - Crude Oil Inventories China - CPI (MoM) (Jul) China - PPI (YoY) (Jul) On Tuesday, all three major stock market indicators on Wall Street concluded with losses, as a widespread selloff was prompted by credit rating agency Moody's (NYSE: MCO) downgrading several financial…

Key events: USA - FOMC Member Harker Speaks     USA - Exports USA - Imports USA - Trade Balance (Jun) USA - EIA Short-Term Energy Outlook On Monday, Wall Street made gains, overcoming early volatility that followed a relatively lackluster performance last week. Investors opted to build positions…