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Nasdaq Enters Correction Territory Amid Weak Jobs Report, Recession Fears Spike | Daily Market Analysis
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 and causing a surge in market volatility.
Dow Falls Amid Rising Treasury Yields, Dollar Surges After Fed Decision; Bank of England Faces Tough Rate Decision | Daily Market Analysis
Key events:
Markets are Choppy Looking Forward to 2023 | Daily Market Analysis
Key events: USA – Initial Jobless Claims USA – Crude Oil Inventories Yesterday we could see quite weak activity in the financial markets as traders continue to celebrate Christmas and wait for a new year. And today markets are definitely feeling the holiday trade: light news flow combined with low liquidity led to uneven but ultimately insignificant movements. It looks very much like we are now just drifting into 2023, which is when things will pick up quickly again.
Daily Market Analysis | Euro Slumps to Two-Decade Lows Against Dollar as Energy Crisis Bites
Key events: United States - ISM Non-Manufacturing PMI (Aug) UK - Construction PMI (Aug) Australia - GDP (QoQ) (Q2) Moscow's halt to gas supplies has exacerbated Europe's energy emergency, causing the euro to plunge to a new 20-year low. OPEC will meet with Russia to discuss its production strategy in October. Britain will have a new prime minister. Volkswagen is set to approve an IPO for Porsche, freeing up funds to finance its electrification ambitions. Here's what you need to know about the financial market on Tuesday, September 6.
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