Weekly Market Analysis page 45

Key events:         USA – Core Durable Goods Orders (MoM) (Jan) USA – Pending Home Sales (MoM) (Jan) U.S. stock indices tumbled Friday on reports of continued high inflation in the country. The Dow Jones Industrial Average fell 336.99 points (1.02%) to 32816.92 points. Microsoft Corp (NASDAQ:…

Key events:         USA – Core PCE Price Index (MoM) (Jan) USA – New Home Sales (Jan) The latest GDP data from the U.S. showed that the U.S. economy grew 2.7% in Q4, not 2.9% as analysts had anticipated. Softer economic growth might have helped ease inflation and softened the Fed's hand. That…

Key events:         Eurozone – CPI (YoY) (Jan)   USA – GDP (QoQ) (Q4)   USA – Initial Jobless Claims   USA – Crude Oil Inventories When investors invest in gold, they are not at all hedging against a government default. Ironically, they are actually betting that the Federal Reserve (Fed) will…

Key events:         New Zealand – RBNZ Interest Rate Decision New Zealand – RBNZ Rate Statement      New Zealand – RBNZ Press Conference      USA – FOMC Meeting Minutes   First of all, there are enough reasons for optimism in the market, and each of them is quite convincing. China is lifting the…

Key events:         Austalia – RBA Meeting Minutes      UK – Composite PMI     UK – Manufacturing PMI   UK – Services PMI Canada – Core CPI (MoM) (Jan)   Canada – Core Retail Sales (MoM) (Dec) USA – Ex-sting Home Sales (Jan) The dollar weakened slightly against the euro, the Danish, and the…

Key events:         USA – Washington's Birthday China – PBoC Loan Prime Rate Last week was a watershed week for markets as it appeared that investors finally realized that the call for longer-term price appreciation was coming from major central banks, and it was affecting sentiment. The S&P…

Key events:         UK – Retail Sales (MoM) (Jan) This week we saw a lot of important economic data updates for the market. The most important of them was data on inflation, both consumer and industrial. The picture, as it may seem at first sight, is rather bad for risky instruments, but the…

Key events:         Australia – Employment Change (Jan) USA – Building Permits (Jan)    USA – Initial Jobless Claims   USA – Philadelphia Fed Manufacturing Index (Feb) USA – PPI (MoM) (Jan) The U.S. stock market ended Wednesday's trading on the plus with growth in the last hour of the session.…

Key events:         UK – CPI (YoY) (Jan)   USA – Core Retail Sales (MoM) (Jan) USA – Retail Sales (MoM) (Jan) Eurozone – ECB President Lagarde Speaks      USA – Crude Oil Inventories The January U.S. Consumer Price Index fell to 6.4%, which may determine market expectations regarding the Federal…

Key events:         UK – Average Earnings Index +Bonus (Dec) UK – Claimant Count Change (Jan) USA – Core CPI (MoM) (Jan) USA – CPI (YoY) (Jan) USA – CPI (MoM) (Jan) After a very positive start to the year in global equity markets, many investors are wondering if there is now a fundamental shift…

Key events:         Switzerland – CPI (MoM) (Jan) Eurozone – Eurogroup Meetings     USA – FOMC Member Bowman Speaks This week will be quite full of different statistical data. Tomorrow investors will keep a close eye on inflation data in the U.S., looking for clarity on the Federal Reserve's rate…

Key events:         UK – GDP (MoM) (Dec) UK – GDP (YoY) (Q4) UK – GDP (QoQ) (Q4)   UK – Manufacturing Production (MoM) (Dec) UK – Monthly GDP 3M/3M Change (Dec) Eurozone – EU Leaders Summit      Canada – Employment Change (Jan) Yesterday the FTSE 100 continued to show positive momentum and made a…