Weekly Market Analysis page 30
November 13, 2023
Key events:
USA - OPEC Monthly Report
USA - Crude Oil Inventories
The major indices on Wall Street closed the week with substantial gains on Friday, bolstered by prominent technology and growth stocks as Treasury yields stabilized. Investors also looked ahead to next week's reports on inflation…
November 10, 2023
Key events:
UK - GDP (MoM) (Sep)
UK - GDP (YoY) (Q3)
UK - GDP (QoQ) (Q3)
USA - Michigan Consumer Expectations (Nov)
USA - Michigan Consumer Sentiment (Nov)
USA - FOMC Member Bostic Speaks
USA - Fed Logan Speaks
On Thursday, US equities took a dip as Federal Reserve Chairman Jerome Powell conveyed…
November 09, 2023
Key events:
Canada - BoC Gov Council Member Lane Speaks
UK - BoE MPC Member Pill Speaks
USA - Initial Jobless Claims
USA - Fed Chair Powell Speaks
On Wednesday, the US stock market experienced a slight wobble as major indexes aimed to extend their longest winning streak in two years. The Dow…
November 08, 2023
Key events:
Eurozone -ECB's Lane Speaks
UK - BoE Gov Bailey Speaks
USA - Fed Chair Powell Speaks
USA - FOMC Member Williams Speaks
On Tuesday, Wall Street's primary indices embarked on an upward trajectory after a somewhat turbulent start to the session. The decline in US Treasury yields…
November 07, 2023
Key events:
Australia- RBA Interest Rate Decision (Nov)
Eurozone - ECB's De Guindos Speaks
Eurozone - ECB McCaul Speaks
USA - FOMC Member Kashkari Speaks
USA - Fed Waller Speaks
Canada - BoC Deputy Gov Kozicki Speaks
USA - FOMC Member Williams Speaks
On Monday, Wall Street's primary indices made…
November 06, 2023
Key events:
Canada - Ivey PMI (Oct)
UK - BoE MPC Member Pill Speaks
The Dow concluded the week on a high note, achieving its most substantial weekly gain of the year, largely driven by a weaker-than-expected jobs report that fueled optimism about the Federal Reserve's rate hike intentions,…
November 03, 2023
Key events:
USA - Average Hourly Earnings (MoM) (Oct)
USA - Nonfarm Payrolls (Oct)
USA - Unemployment Rate (Oct)
USA - S&P Global Services PMI (Oct)
USA - ISM Non-Manufacturing PMI (Oct)
USA - ISM Non-Manufacturing Prices (Oct)
On Thursday, US stocks surged as Treasury yields dipped,…
November 02, 2023
Key events:
UK - BoE Interest Rate Decision (Nov)
USA - Initial Jobless Claims
On Wednesday, Wall Street's major stock indices closed on a high note, with the Nasdaq leading the gains with a 1.6% advance. This upswing followed the US Federal Reserve's decision to maintain unchanged interest rates…
November 01, 2023
Key events:
USA - ADP Nonfarm Employment Change (Oct)
USA - ISM Manufacturing PMI (Oct)
USA - ISM Manufacturing Prices (Oct)
USA - JOLTs Job Openings (Sep)
USA - Crude Oil Inventories
USA - FOMC Statement
USA - Fed Interest Rate Decision
USA - FOMC Press Conference
On Tuesday, Wall Street's…
October 31, 2023
Key events:
China - Manufacturing PMI (Oct)
Eurozone - CPI (YoY) (Oct)
USA - CB Consumer Confidence (Oct)
Despite Israel's initial steps into Gaza, European markets have had a positive start to the week. The limited and gradual nature of these actions seems to be easing concerns about potential…
October 30, 2023
Key events:
Eurozone - ECB's De Guindos Speaks
Eurozone - ECB's Enria Speaks
Canada - BoC Gov Macklem Speaks
During Sunday's evening trading, US stock futures displayed gains after major benchmark indices concluded the week at multi-month lows. Investors are gearing up for a packed week…
October 27, 2023
Key events:
USA - Core PCE Price Index (MoM) (Sep)
USA - Core PCE Price Index (YoY) (Sep)
Eurozone - EU Leaders Summit
US stocks experienced a significant decline on Thursday, primarily driven by a drop in tech and tech-related large-cap stocks. This downturn was in response to a mix of…