Weekly Market Analysis page 34

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…

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…