Weekly Market Analysis page 52

Key events: UK – Manufacturing PMI (Nov) USA – Core PCE Price Index (MoM) (Oct) USA – Initial Jobless Claims   USA – ISM Manufacturing PMI (Nov) The U.S. dollar is declining against major currencies in trading Thursday morning after a speech the day before by U.S. Federal Reserve (Fed) Chairman…

Key events: Eurozone – CPI (YoY) (Nov)   USA – ADP Nonfarm Employment Change (Nov) USA – GDP (QoQ) (Q3)    USA – JOLTs Job Openings (Oct) USA – Pending Home Sales (MoM) (Oct)   USA – Crude Oil Inventories   USA – Fed Chair Powell Speaks   Many are wondering today if the U.S. will have a recession…

Key events: Australia – Retail Sales (MoM) (Oct)   Eurozone – ECB President Lagarde Speaks Despite the fact that it was a holiday week in the USA, the Dow Jones index rallied further into new multi-month highs, even topping its previous high of 34,282 on August 16. The S&P and NASDAQ were…

The unprecedented surge in the value of stock assets in 2021 was replaced by a fall amid high inflation and the strengthening of monetary policy by the world's central banks. By way of comparison, here is an example: in 2021, the U.S. broad market index S&P 500 was up 26.9%, in 2022 it fell by…

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…