Daily Market Analysis page 4
March 07, 2024
Key events:
Eurozone - Deposit Facility Rate (Mar)
Eurozone - ECB Interest Rate Decision (Mar)
USA - Initial Jobless Claims
Eurozone - ECB Press Conference
USA - Fed Chair Powell Testifies
On Wednesday, US stocks experienced a rise, particularly in the tech sector, following Federal Reserve Chair…
March 06, 2024
Key events:
UK - Spring Forecast Statement
USA - ADP Nonfarm Employment Change (Feb)
Canada - BoC Interest Rate Decision
USA - Fed Chair Powell Testifies
USA - JOLTs Job Openings (Jan)
USA - Crude Oil Inventories
On Tuesday, investors in both the United States and Europe approached the equity…
March 05, 2024
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…
March 04, 2024
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…
March 01, 2024
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…
February 29, 2024
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…
February 28, 2024
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…
February 27, 2024
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…
February 23, 2024
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…
February 22, 2024
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…
February 21, 2024
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…
February 20, 2024
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…