Weekly Market Analysis page 45

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…

Key events:         UK – GDP (QoQ) (Q4) UK – GDP (YoY) (Q4) Eurozone – CPI (YoY) (Mar)    USA – Core PCE Price Index (MoM) (Feb) Canada – GDP (MoM) (Jan) Eurozone – ECB President Lagarde Speaks   The latest CPI figures from Spain and Germany show that headline inflation in Europe decreased…

Key events:         Eurozone – ECB Economic Bulletin      UK – BOE Inflation Letter     USA – GDP (QoQ) (Q4) USA – Initial Jobless Claims U.S. stock indices closed yesterday's trading with growth due to strengthening sectors of technology, finance, and consumer services as concerns about the…

Key events:         USA – Pending Home Sales (MoM) (Feb) USA – Crude Oil Inventories On Tuesday, March 28, the world stock indices were trading without a single trend. In Japan and Hong Kong trading ended on the rise, while Chinese indices closed in a slight minus. European indices were adding…

Key events: Australia - Retail Sales (MoM) (Feb) UK - BoE Gov Bailey Speaks Eurozone - ECB President Lagarde Speaks USA - CB Consumer Confidence (Mar) European markets started the week on a positive note after a sell-off at the end of last week, as the banking sector concerns of the past few days…

Key events:         UK – BoE Gov Bailey Speaks This week will help determine what the Federal Reserve's (Fed) next rate decision will be. The U.S. central bank faces the difficult task of striking a balance between its ongoing fight against inflation and mounting signs of financial instability.…

Key events:         UK – Retail Sales (MoM) (Feb) UK – Composite PMI    UK – Manufacturing PMI    UK – Services PMI   Eurozone – EU Leaders Summit      USA – Core Durable Goods Orders (MoM) (Feb) Canada – Core Retail Sales (MoM) (Jan) The Bank of England raised its rate by 25 points to 4.25%,…

Key events:         Switzerland - SNB Interest Rate Decision (Q1)     Switzerland - SNB Press Conference      Eurozone - EU Leaders Summit        UK - BoE Interest Rate Decision (Mar) UK - BoE MPC Meeting Minutes      USA - Building Permits   USA - Initial Jobless Claims USA - New Home Sales (Feb…

Key events:         UK – CPI (YoY) (Feb) Eurozone – ECB President Lagarde Speaks      USA – Crude Oil Inventories USA – FOMC Economic Projections      USA – Fed Interest Rate Decision USA – FOMC Press Conference The Federal Reserve began its two-day monetary policy meeting yesterday while the…

Key events:         Australia – RBA Meeting Minutes      Canada – Core CPI (MoM) (Feb) Eurozone – ECB President Lagarde Speaks      USA – Existing Home Sales Credit Suisse was sold to local rival UBS in a $3 billion deal that shocked bondholders by wiping out $17 billion in minority debt,…

Key events: Eurozone - ECB President Lagarde Speaks   We could not but notice that the financial world has gone wild lately. Markets are behaving as if the end of the world is already here. U.S. banks, European and Japanese banks lost $459 billion of their value this month so far, and most…