Weekly Market Analysis page 51

Key events: USA – EIA Short-Term Energy Outlook   The two main catalysts for this week could either revive the fading stock rally or end it. After Friday's mixed macro data, investors buying up the drawdown helped the bulls save face at the end of the first trading week in November, during which…

Key events: Eurozone – ECB President Lagarde Speaks   U.S. stock indices were up in trading on Friday but finished the week in the red, and the drop in Nasdaq Composite became the maximum since January. Most importantly, the market was supported on Friday by the statistical data on unemployment in…

Key events:   UK – Construction PMI (Oct) Eurozone – ECB President Lagarde Speaks      USA – Nonfarm Payrolls (Oct)   USA – Unemployment Rate (Oct)   Canada – Employment Change (Oct) Canada – Ivey PMI (Oct)   Bank of England (BoE) aggressively raised its policy rate by 75 basis points to 3.00% in…

Key events:   UK - Composite PMI (Oct)   UK - Services PMI (Oct) UK - BoE Interest Rate Decision (Nov) UK - BoE Gov Bailey Speaks      USA - Initial Jobless Claims   USA - ISM Non-Manufacturing PMI (Oct) UK - BoE Gov Bailey Speaks     The U.S. interest rate was increased by 75 bp. - no surprises…

Key events:   USA – ADP Nonfarm Employment Change (Oct)   USA – Crude Oil Inventories   USA – FOMC Statement      USA – Fed Interest Rate Decision USA – FOMC Press Conference U.S. stock indices, which began an active growth in trading on Tuesday, ended the session in the red after the publication…

Key events: UK – Manufacturing PMI (Oct)   USA – ISM Manufacturing PMI (Oct)   USA – JOLTs Job Openings (Sep)   New Zealand – Employment Change (QoQ) (Q3) Despite the complete absence of any fundamental reasons for the rapid growth, the markets are behaving very positively. The level of…

Key events: Eurozone - CPI (YoY) (Oct)   The economy does not stand still, and the figures of more than three weeks ago do not reflect the current situation. Time, it should be said, has generally flattened lately, and what was going on a few weeks ago may well be considered "old times." For…

  Key events: USA - Core PCE Price Index (MoM) (Sep) Canada - GDP (MoM) (Aug) USA - Pending Home Sales (MoM) (Sep)   The U.S. stock market fluctuated after data showed the U.S. economy grew in the third quarter after two quarters of declining output. The Dow Jones rose 305 points, or 1 percent,…

Key events: Eurozone - Deposit Facility Rate (Oct) Eurozone - ECB Marginal Lending Facility   Eurozone - ECB Monetary Policy Statement      Eurozone - ECB Interest Rate Decision (Oct)   USA - Core Durable Goods Orders (MoM) (Sep) USA - GDP (QoQ) (Q3)   USA - Initial Jobless Claims Eurozone - ECB…

Key events: USA - New Home Sales (Sep)   Canada - BoC Monetary Policy Report      Canada - BoC Interest Rate Decision   USA - Crude Oil Inventories   Canada - BOC Press Conference     U.S. stock indices rose 1.1-2.3% amid the start of the earnings season. The IEA announced a global energy crisis…

Key events: USA - CB Consumer Confidence (Oct)   Decreasing liquidity levels in the treasury market are beginning to worry the U.S. Treasury Department. Back on October 14, U.S. Treasury Secretary Yellen announced the possible start of redemption of some of its old debt obligations. The news, as we…

Key events: New Zealand - Labor Day UK - Composite PMI    UK - Manufacturing PMI    UK - Services PMI   Financial conditions have tightened over the past few weeks, but have not reached restrictive levels, which means the Fed has a lot of work to do. A good indicator of current financial conditions…