Weekly Market Analysis page 43

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…

Key events:         USA – Retail Sales (MoM) (Mar) Yesterday, the luxury sector drove a positive session in European markets, resulting in new record highs for the CAC 40 and modest gains for the DAX and FTSE 100. On the day, this optimism drove US equity markets higher, with the Nasdaq 100…

Key events:         Australia – Employment Change (Mar) UK – GDP (MoM) (Feb) UK – Manufacturing Production (MoM) (Feb) UK – Monthly GDP 3M/3M Change (Feb) USA – Initial Jobless Claims USA – PPI (MoM) (Mar) The Federal Reserve's minutes from last night did not reveal much more than what was…

Key events:         USA – Core CPI (MoM) (Mar)   UK – BoE Gov Bailey Speaks        Canada – BoC Interest Rate Decision USA – Crude Oil Inventories   Canada – BOC Press Conference      USA – FOMC Meeting Minutes      UK – BoE Gov Bailey Speaks   The US stock market is showing mixed dynamics in…

Key events:         USA – EIA Short-Term Energy Outlook   This week, investors have a lot of economic data to consider, including the upcoming release of March's consumer price index and producer price index on Wednesday and Thursday, respectively. Based on these reports, it will become clearer…

Key events: UK - Easter Switzerland - Easter Australia - Easter New Zealand - Easter USA - FOMC Member Williams Speaks       The US economy created 236,000 new nonfarm jobs in the first month of spring 2023, according to data released on April 7 by the Labor Department. The figure was slightly…

Key events:         USA – Nonfarm Payrolls (Mar)   USA – Unemployment Rate (Mar) Investors are processing indications of a weakening labor market amid a stable rates environment, with US stocks slightly up on Thursday and set for no change this week. The approaching 1Q23 earnings season adds to…

Key events:         UK – Construction PMI (Mar) USA – Initial Jobless Claims Canada – Employment Change (Mar)   Canada – Ivey PMI (Mar) Yesterday, weak US economic data continued to impact the markets. European markets closed slightly lower, and US markets followed suit after the March ISM…

Key events:         New Zealand – RBNZ Interest Rate Decision New Zealand – RBNZ Rate Statement      UK – Composite PMI (Mar) UK – Services PMI (Mar) USA – ADP Nonfarm Employment Change (Mar)   USA – ISM Non-Manufacturing PMI (Mar) USA – Crude Oil Inventories The economic data that has been…

Key events:         Australia - RBA Interest Rate Decision (Apr) Australia - RBA Rate Statement      USA - JOLTs Job Openings (Feb) European markets had a mixed start to the week, with the DAX performing poorly due to an unexpected announcement by OPEC+ that it will reduce production output by 1.…

Key events:         Australia – Retail Sales (MoM) (Mar) UK – Manufacturing PMI (Mar) USA – ISM Manufacturing PMI (Mar) The end of last week marked the close of a volatile quarter for global markets, with equities finishing on a positive note. The banking sector faced significant turbulence…