Weekly Market Analysis page 40

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…

Key events: Australia - Employment Change (Apr) New Zealand - Annual Budget Release  Eurozone - ECB President Lagarde Speaks  UK - BoE MPC Treasury Committee Hearings      USA - Initial Jobless Claims USA - Philadelphia Fed Manufacturing Index (May) USA - Existing Home Sales (Apr) On Wednesday,…

Key events Eurozone - CPI (YoY) (Apr)  UK - BoE Gov Bailey Speaks USA - Building Permits (Apr)        USA - Crude Oil Inventories On Tuesday, the US stock indices ended the day in negative territory due to unfavorable predictions made by Home Depot (NYSE: HD) and the release of April's US retail…

Key events: Australia - RBA Meeting Minutes UK - Average Earnings Index +Bonus (Mar) UK - Claimant Count Change (Apr) USA - Core Retail Sales (MoM) (Apr) USA - Retail Sales (MoM) (Apr) Canada - Core CPI (MoM) (Apr) Eurozone - ECB President Lagarde Speaks On Monday, the S&P 500 and the Dow…

Key events: Eurozone - EU Economic Forecasts Eurozone - Industrial Production (MoM) (Mar) USA - FOMC Member Bostic Speaks USA - FOMC Member Kashkari Speaks UK - BoE MPC Member Pill Speaks Last week, the US stock markets closed on a mostly negative note. The Dow Jones Industrial Average dropped by…

Key events: UK - GDP (MoM) (Mar) UK - GDP (YoY) (Q1) UK - GDP (QoQ) (Q1) UK - Manufacturing Production (MoM) (Mar) UK - Monthly GDP 3M/3M Change (Mar) Both European and US markets had mixed sessions yesterday, with concerns over a slowdown in the Chinese and US economies leading to a selloff in…