Weekly Market Analysis page 33
September 22, 2023
Key events:
USA - S&P Global Services PMI (Sep)
US stocks faced a decline, while Treasury yields rose following the Federal Reserve's indication of maintaining higher interest rates, including a potential increase later this year.
Interest rate-sensitive mega-cap…
September 21, 2023
Key events:
New Zealand - GDP (QoQ) (Q2)
Switzerland - SNB Interest Rate Decision (Q3)
UK - BoE Interest Rate Decision (Sep)
USA - Initial Jobless Claims
USA - Philadelphia Fed Manufacturing Index (Sep)
USA - Existing Home Sales (Aug)
On Wednesday, the Dow concluded the day with a decline,…
September 20, 2023
Key events:
UK - CPI (YoY) (Aug)
USA - Crude Oil Inventories
USA - FOMC Economic Projections
USA - FOMC Statement
USA - Fed Interest Rate Decision
USA - FOMC Press Conference
During Tuesday's evening trading, US stock futures remained in a narrow range, following a negative session for major…
September 19, 2023
Key events:
Eurozone - CPI (YoY) (Aug)
USA - Building Permits (Aug)
On Monday, the primary stock market indices on Wall Street experienced fluctuating movements, with energy stocks tracking the rising prices of crude oil. Investors were also in anticipation of the Federal Reserve's upcoming…
September 18, 2023
Key events:
Eurozone - ECB's De Guindos Speaks
Eurozone - ECB's Panetta Speaks
Eurozone - ECB's Elderson Speaks
Early last week, some investors briefly leaned toward the idea of a gentle market landing. However, by Friday, US stock markets had reversed course, closing the week…
September 15, 2023
Key events:
USA - Export Price Index (MoM) (Aug)
USA - Import Price Index (MoM) (Aug)
USA - NY Empire State Manufacturing Index (Sep)
USA - Industrial Production (MoM) (Aug)
USA - Michigan Consumer Sentiment (Sep)
On Thursday, US stocks surged as robust retail sales figures defied…
September 14, 2023
Key events:
Eurozone - Deposit Facility Rate (Sep)
Eurozone - ECB Interest Rate Decision (Sep)
USA - Core Retail Sales (MoM) (Aug)
USA - Initial Jobless Claims
USA - PPI (MoM) (Aug)
USA - Retail Sales (MoM) (Aug)
Eurozone - ECB Press Conference
In the overnight trading hours of Wednesday…
September 13, 2023
Key events:
UK - GDP (MoM) (Jul)
USA -Core CPI (MoM) (Aug)
USA -CPI (MoM) (Aug)
USA -CPI (YoY) (Aug)
USA -Crude Oil Inventories
During Tuesday's evening trading, US stock futures were locked in a narrow range, reflecting a mixed session for major benchmarks as investors prepared for the release…
September 12, 2023
Key events:
USA - OPEC Monthly Report
USA - Federal Budget Balance (Aug)
On Monday, the Nasdaq experienced a significant uptick in performance, driven by Tesla's (NASDAQ: TSLA) remarkable surge fueled by optimism surrounding artificial intelligence. Investors were also eagerly awaiting…
September 11, 2023
Key events:
UK - BoE MPC Member Pill Speaks
USA - 3-Year Note Auction
On Friday, the S&P 500 managed to eke out a slight gain, although it ended well below its peak for the session. Unfortunately, all three of Wall Street's major indices posted weekly declines as investors grappled…
September 08, 2023
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…
September 07, 2023
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…