Weekly Market Analysis page 7

Key events: USA - S&P Global US Manufacturing PMI (Dec) USA - S&P Global Services PMI (Dec) US stocks wrapped up the trading week in a quiet session on Friday, with the S&P 500 and Dow finishing slightly lower, while the Nasdaq extended its winning streak to a fourth consecutive week…

Key events: UK - GDP (MoM) (Oct) The S&P 500 ended Thursday in negative territory as Treasury yields surged, driven by an inflation report that exceeded expectations. The Dow Jones Industrial Average declined by 234 points, or 0.5%, while the S&P 500 and NASDAQ Composite fell by 0.5% and…

Key events: Switzerland - SNB Interest Rate Decision (Q4) Eurozone - Deposit Facility Rate (Dec) Eurozone -ECB Interest Rate Decision (Dec) USA - Initial Jobless Claims USA - PPI (MoM) (Nov) Eurozone - ECB Press Conference USA - 30-Year Bond Auction The Nasdaq closed above 20,000 for the first…

Key events: USA - Core CPI (MoM) (Nov) USA - CPI (YoY) (Nov) Canada - BoC Interest Rate Decision USA - Crude Oil Inventories USA - 10-Year Note Auction The S&P 500 marked its second consecutive day of losses as the tech sector continued to struggle, overshadowing a strong performance by…

Key events: Australia - RBA Interest Rate Decision (Dec) The S&P 500 experienced a downturn on Monday as technology stocks, led by Nvidia, came under pressure just ahead of significant inflation data set for release this week. The Dow Jones Industrial Average fell by 240 points, or 0.5%,…

Key events: Eurozone - Eurogroup Meetings Stocks gained momentum on Friday, buoyed by November’s employment report that met market expectations, reinforcing optimism about the economy’s resilience. The data bolstered speculation of an impending Federal Reserve rate cut, contributing to a mixed…

Key events: USA - Average Hourly Earnings (MoM) (Nov) USA - Nonfarm Payrolls (Nov) USA - Unemployment Rate (Nov) The S&P 500 faced a setback on Thursday, snapping its three-day streak of record highs as investors processed earnings results and labor market data, all in anticipation of the…

Key events: USA - Initial Jobless Claims The S&P 500 and Nasdaq continued their upward momentum on Wednesday, achieving record-high closes for the third consecutive session. Gains in the technology sector primarily drove this rally, as market participants interpreted Federal Reserve Chair…

Key events: USA - ADP Nonfarm Employment Change (Nov) USA - S&P Global Services PMI (Nov) USA - ISM Non-Manufacturing PMI (Nov) USA - ISM Non-Manufacturing Prices (Nov) USA - Crude Oil Inventories USA - Fed Chair Powell Speaks  The S&P 500 and Nasdaq maintained their winning streak,…

Key events: USA - JOLTS Job Openings (Oct) The S&P 500 and Nasdaq began December on a strong note, hitting fresh record highs following a remarkable November. The S&P 500 gained 0.2%, closing at a historic 6,046.3, while the Nasdaq surged 1% to end at 19,403.58, another record. In…

Key events: USA - S&P Global US Manufacturing PMI (Nov) USA - ISM Manufacturing PMI (Nov) USA - ISM Manufacturing Prices (Nov) The S&P 500 marked a new record high in a shortened holiday trading session on Friday, concluding its best month of 2024. The index gained 0.6%, closing at 6,032.…

Key events: Eurozone - CPI (YoY) (Nov) UK - BoE Gov Bailey Speaks Eurozone - ECB's De Guindos Speaks Canada - GDP (YoY) (Q3) Asian markets saw a broad decline on Friday as geopolitical tensions from the Russia-Ukraine war escalated, weighing heavily on risk sentiment. Japan's Nikkei was…