Weekly Market Analysis page 50

Key events: Eurozone – ECB Publishes Account of Monetary Policy Meeting   Last night the minutes of the November FOMC meeting were published. The main thing - the US regulator made it clear: there is a willingness to slow down the pace of rate hikes. ​ SPX, DJI, and NASDAQ indices daily chart  …

Key events: UK – Composite PMI    UK – Manufacturing PMI    UK – Services PMI    USA – Building Permits   USA – Core Durable Goods Orders (MoM) (Oct) USA – Initial Jobless Claims USA – New Home Sales (Oct) USA – Crude Oil Inventories USA – FOMC Meeting Minutes     The dollar fell in price against…

Key events: Canada – Core Retail Sales (MoM) (Sep) USA – FOMC Member Bullard Speaks      USA – API Weekly Crude Oil Stock   The past week could be called a parade of inflation indicators. A key parameter now for asset positioning and central bank policy going forward. The Producer Price Index (…

Key events: UK – BoE MPC Member Cunliffe Speaks      USA – 2-Year Note Auction   USA – 5-Year Note Auction   New Zealand – Trade Balance (MoM) (Oct) New Zealand – Trade Balance (YoY) (Oct)   Apart from the opening of the World Cup in Qatar and the start of the "Turkish operation" against the…

Key events: UK – Retail Sales (MoM) (Oct)   Eurozone – ECB President Lagarde Speaks      USA – Existing Home Sales (Oct)   The sentimental background on Friday morning can be called moderately positive. Oil prices are rising after falling the day before, and the mood on global stock exchanges has…

Key events: Eurozone – CPI (YoY) (Oct)   UK – Autumn Forecast Statement      USA – Building Permits (Oct)   USA – Initial Jobless Claims USA – Philadelphia Fed Manufacturing Index (Nov)   U.S. consumer price data for October reinforced the view that disinflation has begun – a narrowing of the gap…

Key events: USA – Core Retail Sales (MoM) (Oct) USA – Retail Sales (MoM) (Oct) Canada – Core CPI (MoM) (Oct) UK – BoE Gov Bailey Speaks      UK – Inflation Report Hearings      Eurozone – ECB President Lagarde Speaks      USA – Crude Oil Inventories   U.S. stock prices continued to rally…

Key events: UK – Average Earnings Index +Bonus (Sep) UK – Claimant Count Change (Oct) USA – PPI (MoM) (Oct)   The market was swept by another wave – this time of incredible positivity and general joy. Indices are rising very confidently and briskly no matter what, the dollar index is falling, and…

Key events: UK - Average Earnings Index +Bonus (Sep)   UK - Claimant Count Change (Oct)   USA - PPI (MoM) (Oct)   Inflation in Europe has skyrocketed to multi-decade levels. Rising commodity prices largely explain the inflationary boom. But the usual inflation factors cannot clarify a large portion…

Key events: UK – GDP (MoM) UK – GDP (YoY) (Q3)  UK – GDP (QoQ) (Q3)   UK – Manufacturing Production (MoM) (Sep) UK – Monthly GDP 3M/3M Change   U.S. stock indices rose strongly in the first half of trading Thursday. A positive driver was the inflation data. In addition, the reporting season is…

Key events: USA – Core CPI (MoM) (Oct)   USA – CPI (YoY) (Oct)   USA – CPI (MoM) (Oct)   USA – Initial Jobless Claims The U.S. stock market rebounded strongly in October, with the S&P 500 index surging 8.8%. November started slightly less well, with the key U.S. index down 1.68% in the first…

Key events: USA – Crude Oil Inventories   One can`t but be concerned about the midterm elections, right? Worrying about what the makeup of the U.S. Congress will be after the election is always present. Curiously, the stock market usually drops during the period until the first Tuesday after…