Daily Market Analysis page 35

Key events: USA - GDP (QoQ) (Q1) USA - Initial Jobless Claims USA - Pending Home Sales (MoM) (Mar) Yesterday, worries about the economic future loomed over European markets, resulting in a second consecutive day of decline. This was compounded by profit-taking in luxury markets and a lack of…

Key events: Australia - CPI (QoQ) (Q1) USA - Core Durable Goods Orders (MoM) (Mar) USA - Crude Oil Inventories On Tuesday, there was some downward pressure on equity markets due to a variety of earnings reports, and investors are also waiting for more US data later in the week. Despite recent…

Key events:         USA – Building Permits   USA – CB Consumer Confidence (Apr)   USA – New Home Sales (Mar)   As the new trading week begins, the market is eagerly seeking answers to two crucial questions. Firstly, how did US tech stocks perform in the first quarter, and can their impressive…

Key events:         Eurozone – ECB's Panetta Speaks      Canada – New Housing Price Index (MoM) (Mar) Canada – Wholesale Sales (MoM)    Due to the Fed officials' communications blackout period prior to the FOMC meeting next Wednesday, the economic data for this week will play a significant role…

Key events:         UK – Retail Sales (MoM) (Mar) UK – Composite PMI    UK – Manufacturing PMI UK – Services PMI    USA – Manufacturing PMI (Apr) Canada – Core Retail Sales (MoM) (Feb) On Thursday, European markets are experiencing losses in what has been a volatile week of trading. The market…

Key events:         New Zealand - CPI (QoQ) (Q1) Eurozone - ECB Publishes Account of Monetary Policy Meeting      USA - Initial Jobless Claims   USA - Philadelphia Fed Manufacturing Index (Apr) USA - Existing Home Sales (Mar) On Wednesday, the S&P 500 ended the day mostly unchanged, while the…

Key events:         UK – CPI (YoY) (Mar) Eurozone – CPI (YoY) (Mar)   USA – Crude Oil Inventories On Tuesday, Wall Street closed almost flat as investors evaluated statements from US Federal Reserve officials. While the CBOE Volatility Index (VIX) hit its lowest level since January 2022 at just…

Key events:         Australia – RBA Meeting Minutes      UK – Average Earnings Index +Bonus (Feb) UK – Claimant Count Change (Mar) USA – Building Permits (Mar)    Canada – Core CPI (MoM) (Mar) Last week risky assets received a decent boost for growth in the form of inflation data. However, this…

Key events:         Eurozone – ECB President Lagarde Speaks In March, there was a significant drop of 1% in US retail sales and consumer sentiment remained at a low point reminiscent of the Great Recession. Despite low inflation numbers being the focus of the markets last week, it may be worth it…

Key events:         USA – Retail Sales (MoM) (Mar) Yesterday, the luxury sector drove a positive session in European markets, resulting in new record highs for the CAC 40 and modest gains for the DAX and FTSE 100. On the day, this optimism drove US equity markets higher, with the Nasdaq 100…

Key events:         Australia – Employment Change (Mar) UK – GDP (MoM) (Feb) UK – Manufacturing Production (MoM) (Feb) UK – Monthly GDP 3M/3M Change (Feb) USA – Initial Jobless Claims USA – PPI (MoM) (Mar) The Federal Reserve's minutes from last night did not reveal much more than what was…

Key events:         USA – Core CPI (MoM) (Mar)   UK – BoE Gov Bailey Speaks        Canada – BoC Interest Rate Decision USA – Crude Oil Inventories   Canada – BOC Press Conference      USA – FOMC Meeting Minutes      UK – BoE Gov Bailey Speaks   The US stock market is showing mixed dynamics in…