Daily Market Analysis page 7

Key events: New Zealand - RBNZ Interest Rate Decision UK - CPI (YoY) (Jul) USA - Core CPI (MoM) (Jul) USA - CPI (YoY) (Jul) USA - CPI (MoM) (Jul) USA - Crude Oil Inventories US stocks surged on Tuesday as more evidence of cooling inflation bolstered expectations for a potential Federal Reserve…

Key events: UK - Employment Change 3M/3M (MoM) (Jun)                 UK - Unemployment Rate (Jun) USA - PPI (MoM) (Jul) USA - FOMC Member Bostic Speaks The S&P 500 managed a slight gain on Monday as investors awaited crucial inflation data set to be released later this week. The S&P 500…

Key events: USA - OPEC Monthly Report Canada - Building Permits (MoM) (Jun) USA - Federal Budget Balance (Jul) The S&P 500 closed Friday higher, led by gains in the tech sector, as stocks continued to recover from a sharp selloff earlier in the week, which was driven by recession fears. The…

Key events: Canada - Employment Change (Jul) Canada - Unemployment Rate (Jul) The S&P 500 ended Thursday on a positive note as labor market data eased fears of an impending recession. The Dow Jones Industrial Average gained 683 points, or 1.8%, while the S&P 500 advanced 2.3%, and the…

Key events: USA - Initial Jobless Claims USA - 30-Year Bond Auction The S&P 500 reversed its early gains to close lower on Wednesday, as a decline in Super Micro Computer impacted chip stocks and weighed on the broader market. The Dow Jones Industrial Average fell by 234 points, or 0.60%, the…

Key events: USA - Crude Oil Inventories USA - 10-Year Note Auction The S&P 500 closed higher on Tuesday as investors sought to capitalize on the previous day's selloff, particularly in beaten-down tech stocks. However, gains were capped due to ongoing concerns about an economic slowdown. The…

Key events: Australia - RBA Interest Rate Decision (Aug) The Dow Jones Industrial Average plummeted over 1000 points on Monday as mounting fears of an economic slowdown exerted pressure on high-performing technology stocks. The Dow fell by 1033 points, or 2.6%, while the S&P 500 declined by 2…

Key events: USA - S&P Global Services PMI (Jul) USA - ISM Non-Manufacturing PMI (Jul)  USA - ISM Non-Manufacturing Prices (Jul) The Nasdaq fell sharply on Friday, closing in correction territory due to a significantly weaker-than-expected jobs report, raising fears of a potential recession…

Key events: USA - Average Hourly Earnings (MoM) (Jul) USA - Nonfarm Payrolls (Jul) USA - Unemployment Rate (Jul)  The S&P 500 started August under significant pressure on Thursday as softer economic data rekindled recession concerns. The Dow Jones Industrial Average dropped 669 points or 1.6…

Key events: UK - BoE Interest Rate Decision (Aug) USA - Initial Jobless Claims USA - S&P Global US Manufacturing PMI (Jul) USA - ISM Manufacturing PMI (Jul) USA - ISM Manufacturing Prices (Jul) The S&P 500 experienced its largest gain since February on Wednesday after the Federal Reserve…

Key events: China - Manufacturing PMI (Jul) Japan - BoJ Interest Rate Decision Eurozone - CPI (YoY) (Jul) USA - ADP Nonfarm Employment Change (Jul) USA - Chicago PMI (Jul) USA - Crude Oil Inventories USA - FOMC Statement USA - Fed Interest Rate Decision USA - FOMC Press Conference The S&P 500…

Key events: USA - CB Consumer Confidence (Jul) USA - JOLTs Job Openings (Jun) The S&P 500 closed higher on Monday in anticipation of upcoming tech earnings and the Federal Reserve meeting later this week. The S&P 500 had risen 0.1%, the NASDAQ Composite also increased by 0.1%, while the…