Weekly Market Analysis page 38
June 30, 2023
Key events:
UK - GDP (YoY) (Q1)
UK - GDP (QoQ) (Q1)
Eurozone - CPI (YoY) (Jun)
USA - Core PCE Price Index (MoM) (May)
On Thursday, US stock indices experienced slight gains as bank shares surged following the Federal Reserve's positive outcome of the annual stress test. Additionally,…
June 29, 2023
Key events:
USA - Fed Chair Powell Speaks
USA - GDP (QoQ) (Q1)
USA - Initial Jobless Claims
USA - Pending Home Sales (MoM) (May)
On Wednesday, the Nasdaq experienced a modest increase, supported by the performance of large-cap stocks. However, the S&P 500 and the Dow closed lower following…
June 28, 2023
Key events:
USA – Fed Chair Powell Speaks
USA – Crude Oil Inventories
Tuesday saw a resurgence in US stock indices, marking a recovery from a recent series of losses. This rebound was driven by encouraging economic data, which alleviated concerns among investors about an imminent…
June 27, 2023
Key events:
Eurozone - ECB President Lagarde Speaks
USA - Building Permits
USA - Core Durable Goods Orders (MoM) (May)
USA - CB Consumer Confidence (Jun)
USA - New Home Sales (May)
On Monday, US stocks concluded the day…
June 26, 2023
Key events:
Eurozone - ECB McCaul Speaks
Eurozone - ECB President Lagarde Speaks
US stocks are declining as the global growth forecast continues to worsen due to weak global PMI readings. The risk of a severe economic downturn is higher for Europe compared to the US, which could maintain support…
June 23, 2023
Key events:
UK - Manufacturing PMI
USA - FOMC Member Mester Speaks
USA - FOMC Member Bostic Speaks
USA - FOMC Member Bullard Speaks
USA - Services PMI (Jun) …
June 22, 2023
Key events:
Switzerland - SNB Interest Rate Decision (Q2)
Switzerland - SNB Press Conference
UK - BoE Interest Rate Decision (Jun)
UK - BOE Inflation Letter
USA - Initial Jobless Claims
USA - Existing Home Sales (May)
USA - Fed Chair Powell Testifies
USA - Crude Oil…
June 21, 2023
Key events:
UK - CPI (YoY) (May)
USA - Fed Chair Powell Testifies
On Tuesday, US stocks experienced a decline, closing with negative results as investors took the opportunity to secure profits after a sustained rally. The market displayed signs of weakening global demand, prompting cautious…
June 20, 2023
Key events:
USA - Building Permits (May)
USA - FOMC Member Bullard Speaks
USA - Housing Starts (MoM) (May)
USA - FOMC Member Williams Speaks
Eurozone - ECB McCaul Speaks
Eurozone - ECB's De Guindos Speaks
On Monday evening, stock futures slightly declined after a public holiday, as investors…
June 19, 2023
Key events:
USA - Juneteenth
Eurozone - ECB's Lane Speaks
Eurozone - ECB's Schnabel Speaks
The S&P 500 closed lower on Friday due to the influence of market heavyweights like Microsoft, following comments from two Federal Reserve officials that dampened optimism regarding the central bank's…
June 16, 2023
Key events:
Japan - BoJ Press Conference
Eurozone - CPI (YoY) (May)
USA - Michigan Consumer Sentiment (Jun)
USA - Fed Waller Speaks
On Thursday, the S&P 500 and Nasdaq reached their highest levels in 14 months, propelled by positive economic data…
June 15, 2023
Key events:
New Zealand - GDP (QoQ) (Q1)
Eurozone - Deposit Facility Rate (Jun)
Eurozone - ECB Interest Rate Decision (Jun)
USA - Core Retail Sales (MoM) (May)
USA - Initial Jobless Claims
USA - Philadelphia Fed Manufacturing Index (Jun)
USA - Retail Sales (MoM) (May)
Eurozone - ECB Press…
