Weekly Market Analysis page 39

Key events: UK - GDP (MoM) (Apr) USA - PPI (MoM) (May) USA - Crude Oil Inventories USA - FOMC Economic Projections   USA - FOMC Statement    USA - Fed Interest Rate Decision USA - FOMC Press Conference On Tuesday, the S&P 500 and Nasdaq achieved their highest closing points in 14 months. This…

Key events: UK - Unemployment Rate (Apr) UK - Average Earnings Index +Bonus (Apr)     USA - Core CPI (MoM) (May) On Monday, the S&P 500 and the Nasdaq experienced a surge, reaching their highest closing levels since April 2022. Additionally, Oracle (NYSE: ORCL) achieved a record high in…

Key events: UK - BoE MPC Member Mann USA - Federal Budget Balance (May) On Friday, the S&P 500 experienced a rise in its closing value, although it fell short of the session's peak levels. The market failed to rally extensively despite a notable surge in Tesla (NASDAQ: TSLA) shares, as…

Key events:                                                      Eurozone - ECB's De Guindos Speaks Eurozone - ECB's Enria Speaks Canada - Unemployment Rate (May) On Thursday, US stocks experienced a modest uptick, recovering some of their momentum, primarily driven by a resurgence in technology…

Key events: USA - Initial Jobless Claims     Investor sentiment was mixed in the US stock market as market participants awaited the upcoming Federal Reserve meeting and new information regarding inflation. The Dow Jones Industrial Average edged up by 27 points or 0.1%, while the S&P 500…

Key events: Australia - GDP (QoQ) (Q1) Canada - BoC Interest Rate Decision USA - Crude Oil Inventories On Tuesday, despite some progress in economically sensitive sectors, US stocks exhibited a sense of uncertainty as investors awaited crucial inflation data and the upcoming policy meeting of the…

Key events: Australia - RBA Interest Rate Decision (Jun) Australia - RBA Rate Statement UK - Construction PMI (May) Canada - Ivey PMI (May) USA - EIA Short-Term Energy Outlook US stocks edged lower on Monday, trimming early gains, as investors weighed the near-term outlook for Apple while sifting…

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…