Weekly Market Analysis page 41

Key events: Australia - RBA Interest Rate Decision (May) Australia - RBA Rate Statement UK - Manufacturing PMI (Apr) Eurozone - CPI (YoY) (Apr) USA - JOLTs Job Openings (Mar) US markets ended the first day of May mostly unchanged as European markets were closed. However, the Nasdaq 100 had its…

Key events: USA - ISM Manufacturing PMI (Apr) Last week, the stock market continued its upward momentum as investors analyzed the latest earnings reports and economic data. However, Friday brought news of the collapse of First Republic Bank, which was brought down by hysteria sparked by venture…

Key events: USA - Core PCE Price Index (MoM) (Mar) Canada - GDP (MoM) (Feb) Although there have been a number of positive earnings announcements, European markets have faced difficulties gaining momentum yesterday following yesterday's losses. However, there has been some minor buying activity in…

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…