Weekly Market Analysis page 39

Key events: UK - Composite PMI (May) UK - Services PMI (May)       USA - Services PMI (May) USA - ISM Non-Manufacturing PMI (May) US stocks ended the week on a positive note as investors reacted to several key developments. A labor market report revealing slower wage growth in May suggested that…

Key events: USA - Average Hourly Earnings (MoM) (May) USA - Nonfarm Payrolls (May) USA - Unemployment Rate (May) On Thursday, global stock markets experienced a rise following the passage of a bill by the US House of Representatives to increase the federal debt ceiling. Concurrently, US Treasury…

Key events:         UK - Manufacturing PMI (May) Eurozone - CPI (YoY) (May)    Eurozone - ECB President Lagarde Speaks      Eurozone - ECB Publishes Account of Monetary Policy Meeting     USA - ADP Nonfarm Employment Change (May)   USA - Initial Jobless Claims USA - ISM Manufacturing PMI (May) USA…

Key events:         Canada – GDP (MoM) (Mar)   Eurozone – ECB President Lagarde Speaks      USA – JOLTs Job Openings (Apr) Tuesday's closing session on Wall Street saw a mixed performance among stocks. Concerns emerged due to certain US lawmakers opposing a deal to raise the debt ceiling, which…

Key events:         Eurozone - Spanish CPI (YoY) (May)    Eurozone - Spanish HICP (YoY) (May)   Canada - Current Account (Q1)   USA - CB Consumer Confidence (May) Today, volume levels are expected to return to normal following the US long weekend. This will provide us with a clearer understanding…

Key events:         UK – Bank Holiday USA – Memorial Day US stocks experienced significant gains on Friday, driven by positive developments in talks regarding the US debt ceiling and a surge in chip stocks fueled by optimism surrounding artificial intelligence. Following multiple rounds of…

Key events: Australia - Retail Sales (MoM) (Apr) UK - Retail Sales (MoM) (Apr) USA - Core Durable Goods Orders (MoM) (Apr) USA - Core PCE Price Index (MoM) (Apr) On Thursday, Wall Street experienced significant gains as Nvidia released a remarkable forecast, causing the chipmaker's stock to surge…

Key events:  USA - GDP (QoQ) (Q1) USA - Initial Jobless Claims USA - Pending Home Sales (MoM) (Apr) On Wednesday, the major indices of Wall Street closed in negative territory due to the ongoing discussions between the White House and Republican representatives regarding the increase in the US…

Key events: New Zealand - RBNZ Interest Rate Decision New Zealand - RBNZ Rate Statement       New Zealand - RBNZ Press Conference UK - CPI (YoY) (Apr) UK - BoE Gov Bailey Speaks UK - Crude Oil Inventories Eurozone - ECB President Lagarde Speaks USA - FOMC Meeting Minutes As the deadline for the…

Key events: UK - Composite PMI UK - Manufacturing PMI UK - Services PMI UK - BoE Gov Bailey Speaks USA - Building Permits USA - Services PMI (May) USA - New Home Sales (Apr) The beginning of the week hasn't been particularly exciting, but the prospects of upcoming events make it highly unlikely…

Key events: China - PBoC Loan Prime Rate USA - FOMC Member Bullard Speaks USA - FOMC Member Bostic Speaks On Friday, US stocks closed lower, and the dollar weakened as discussions to raise the US debt ceiling were suspended. This development unsettled market participants as the deadline to avoid…

Key events:  Canada - Core Retail Sales (MoM) (Mar) USA - Fed Chair Powell Speaks Eurozone - ECB President Lagarde Speaks Continuing their upward momentum, US stocks closed higher for a second consecutive day on Thursday, fueled by growing optimism surrounding a potential US debt ceiling…