Disney Stocks

Key events: Eurozone - German CPI (MoM) (Jan) Canada - Employment Change (Jan) Canada - Unemployment Rate (Jan) The S&P 500 achieved a record high for the second consecutive Thursday, briefly touching an unprecedented 5,000 level just before closing. The surge in Disney and ARM contributed to this milestone, keeping the bullish trend intact.

Key events: Canada - BoC Gov Council Member Lane Speaks UK - BoE MPC Member Pill Speaks USA - Initial Jobless Claims USA - Fed Chair Powell Speaks On Wednesday, the US stock market experienced a slight wobble as major indexes aimed to extend their longest winning streak in two years. The Dow Jones Industrial Average remained flat, with only a one-point change, while the S&P 500 and the NASDAQ Composite showed little movement, with both starting the day on an upward trajectory.

Key events:   USA - OPEC Monthly Report     USA - Federal Budget Balance (Aug) On Monday, the Nasdaq experienced a significant uptick in performance, driven by Tesla's (NASDAQ: TSLA) remarkable surge fueled by optimism surrounding artificial intelligence. Investors were also eagerly awaiting inflation data set to be released later in the week.

Key events: UK - GDP (YoY) (Q2) UK - GDP (MoM) (Jun) UK - GDP (QoQ) (Q2)   USA - PPI (MoM) (Jul) The Dow Jones Industrial Average concluded with gains on Thursday, buoyed by a surge in Disney shares that helped recover much of its earlier losses, even as climbing Treasury yields cast a shadow over market sentiment. This occurred alongside the release of data indicating further signs of abating inflation.

Key events: USA - Crude Oil Inventories China - CPI (MoM) (Jul) China - PPI (YoY) (Jul) On Tuesday, all three major stock market indicators on Wall Street concluded with losses, as a widespread selloff was prompted by credit rating agency Moody's (NYSE: MCO) downgrading several financial institutions. This event rekindled concerns regarding the well-being of both US banks and the overall economy.

Key events: USA - FOMC Member Harker Speaks     USA - Exports USA - Imports USA - Trade Balance (Jun) USA - EIA Short-Term Energy Outlook On Monday, Wall Street made gains, overcoming early volatility that followed a relatively lackluster performance last week. Investors opted to build positions ahead of the eagerly anticipated US inflation report scheduled for Thursday.

Key events: UK - GDP (MoM) (Mar) UK - GDP (YoY) (Q1) UK - GDP (QoQ) (Q1) UK - Manufacturing Production (MoM) (Mar) UK - Monthly GDP 3M/3M Change (Mar) Both European and US markets had mixed sessions yesterday, with concerns over a slowdown in the Chinese and US economies leading to a selloff in commodity prices. This, in turn, had a negative impact on the basic resources and energy sectors.

Key events: UK - BoE Interest Rate Decision (May) UK - BoE MPC Meeting Minutes USA - Initial Jobless Claims USA - PPI (MoM) (Apr) UK - BoE Gov Bailey Speaks The softer-than-expected US Consumer Price Index (CPI) data released on Wednesday has increased confidence in the market that a US Federal Reserve (Fed) rate hike pause in June is likely. The YoY CPI for April rose 4.9%, slightly lower than expectations of a 5.0% increase, while the monthly CPI in April rose 0.4% after gaining 0.1% in March.

The U.S. economy has admittedly begun to recover from the global pandemic. The measures taken had a significant positive impact on it: President Biden allocated more than 1.9 trillion dollars to support it. Most of this funds will end up in the accounts of average Americans, which should have an impact on demand in the U.S. economy. And some of that capital is bound to end up in the stock market.