Weekly Market Analysis page 8

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…

Key events: USA - Thanksgiving Day The S&P 500 experienced a modest decline on Wednesday, with cautious trading dominating the day ahead of the Thanksgiving holiday. A mix of economic reports and subdued investor sentiment added weight to the major indices. The Dow Jones Industrial Average…

Key events: USA - Core PCE Price Index (MoM) (Oct) USA - Core PCE Price Index (YoY) (Oct) USA - Durable Goods Orders (MoM) (Oct) USA - GDP (QoQ) (Q3) USA - Initial Jobless Claims USA - Chicago PMI USA - Crude Oil Inventories The S&P 500 and Dow Jones Industrial Average surged to record highs…

Key events: USA - CB Consumer Confidence (Nov) USA - New Home Sales (Oct) USA - FOMC Meeting Minutes On Monday, the Dow Jones Industrial Average soared 440 points, or 1%, to close at a record high of 44,736.57. This milestone marked a strong start to the week, bolstered by President-elect Donald…

Key events: Switzerland - Employment Level (Q3) Eurozone - ECB's Lane Speaks The Dow Jones Industrial Average has rebounded from a recent lull, continuing its upward momentum into a strong finish for the week. Overall, the DJIA is poised to conclude the week with an approximate gain of 1.8% since…

Key events: USA - Michigan Consumer Sentiment (Nov) USA - S&P Global US Manufacturing PMI (Nov) USA - S&P Global Services PMI (Nov) The S&P 500 ended Thursday on a positive note, with gains driven by cyclical sectors such as financials and industrials, while technology stocks lagged…