Weekly Market Analysis page 42
May 24, 2023
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…
May 23, 2023
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…
May 22, 2023
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…
May 19, 2023
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…
May 18, 2023
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,…
May 17, 2023
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…
May 16, 2023
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…
May 15, 2023
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…
May 12, 2023
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…
May 11, 2023
Key events:
UK - BoE Interest Rate Decision (May)
UK - BoE MPC Meeting Minutes
USA - Initial Jobless Claims
USA - PPI (MoM) (Apr)
UK - BoE Gov Bailey Speaks
The softer-than-expected US Consumer Price Index (CPI) data released on Wednesday has increased confidence in the market that a US Federal…
May 10, 2023
Key events:
USA - Core CPI (MoM) (Apr)
USA - CPI (MoM) (Apr)
USA - CPI (YoY) (Apr)
USA - Crude Oil Inventories
S&P 500 daily chart
On Wednesday, Asian stocks were experiencing difficulty making gains, and the dollar was steady as investors waited for US consumer price data, which could…
May 09, 2023
Key events:
Australia – Retail Sales (MoM)
USA – EIA Short-Term Energy Outlook
At the beginning of the week, the stock market was mixed and lacking direction in terms of risk appetite, as investors await the release of key US CPI data and a string of corporate earnings reports later in…
