Weekly Market Analysis page 49

Key events:       USA – ISM Manufacturing PMI (Dec)   USA – JOLTs Job Openings (Nov)   USA – FOMC Meeting Minutes The classic year-end reviews here and there reminded us of the exceptional nature of the past year: the Russian aggression in Ukraine, the energy and food price shock, serious…

Key events:       UK – Manufacturing PMI (Dec)   Rising inflation and higher interest rates couldn't help but affect the housing sector - and perhaps it's the labor market's turn. On the other hand, the Non-Farm Payrolls (NFP) reading has beaten economists' estimates for the past eight months,…

Key events:       New Year's Day 2022 has become the most volatile year in a decade: the world economy is going through tough times, central banks are struggling with high inflation, and the stock market has been under pressure from a bearish trend since the beginning of the year. Will the…

Key events:       New Year's Day – Early close   The situation seems to be developing according to the worst possible scenario one could come up with for these New Year's Eve days. Santa clearly does not want to come to the stock market. New fears of coronavirus and old fears of a possible…

Key events:       USA – Initial Jobless Claims USA – Crude Oil Inventories Yesterday we could see quite weak activity in the financial markets as traders continue to celebrate Christmas and wait for a new year. And today markets are definitely feeling the holiday trade: light news flow combined…

Key events:       USA – Pending Home Sales (MoM) (Nov) Many investors were hoping to see at least some semblance of a Christmas rally last week but ended up waiting only for a small purely symbolic pre-holiday rebound. Perhaps that's just to keep things from getting too depressing on Christmas…

Key events:       UK – Christmas Australia – Christmas New Zealand – Christmas Canada – Boxing Day   An important market phenomenon affecting both short- and long-term investors in 2022 was the unfortunate consistency in the dynamics between the S&P 500 and U.S. Treasuries. In the past,…

Key events:       USA - Christmas Canada - Christmas Switzerland - St. Stephen's Day UK - Boxing Day Australia - Boxing Day New Zealand - Boxing Day   The dollar experienced a long period of strength this year but reversed in the fall. While many events influenced this momentum, the Fed's…

Key events:       USA – Core Durable Goods Orders (MoM) (Nov) USA – Core PCE Price Index (MoM) (Nov)   Canada – GDP (MoM) (Oct)   USA – New Home Sales (Nov)   Should we expect another gift from the markets in the form of volatility before Christmas? The past year has been a tumultuous one in…

Key events:       USA – GDP (QoQ) (Q3)   USA – Initial Jobless Claims Markets are unlikely to be affected by the release of any data over the Christmas period, but a bumpy exit from quarantine in China and developments in the energy market could cause global risk sentiment to deteriorate.…

Key events:       USA – Building Permits (Nov)   Canada – Core Retail Sales (MoM) (Oct)   Investors will be watching company reports and macroeconomic data closely this week to see if the Fed's interest-rate hike campaign will cause a recession. Key data, in particular, include the report on…

Key events:       UK – CBI Industrial Trends Orders (Dec) Canada – RMPI (MoM) (Nov) New Zealand – Trade Balance (MoM) (Nov) U.S. stocks declined on Friday, with the S&P down 1%, and a similar decline was seen in Europe as the market continued to digest the hawkish messages from the ECB and…