S&P 500

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 S&P 500 dropped 0.7%, and the NASDAQ Composite declined by 1%.

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 Dow Jones Industrial Average rose by 293 points, or 0.8%, the S&P 500 increased by 1%, and the NASDAQ Composite gained 1%, though both the S&P 500 and NASDAQ were up more than 2% earlier in the day.

Key events: USA - Core PCE Price Index (MoM) (Feb) USA - Core PCE Price Index (YoY) (Feb) USA - Fed Chair Powell Speaks On Thursday, both the Dow and S&P 500 surged to new record highs, marking their strongest first-quarter performance since 2009. This upward momentum extended beyond the tech sector, driven by optimism surrounding potential rate cuts and encouraging economic data suggesting a soft landing for the economy.

Key events:

Key events: Eurozone - ECB's Elderson Speaks UK - BoE MPC Member Mann Eurozone - ECB's Lane Speaks USA - Initial Jobless Claims USA - 30-Year Bond Auction On Wednesday, the S&P 500 marked a historic high, coming within reach of the 5,000 level, propelled by continued bullish sentiments in the stock market. Consumer stocks took the lead, spearheading the surge, particularly boosted by Chipotle and Ford's positive earnings reports.

In the ever-changing landscape of financial markets, assessing market volatility and understanding investor sentiment are crucial aspects of making informed investment decisions. The VIX index, also known as the "CBOE Volatility Index" or the "Fear Index," stands as a prominent barometer for precisely these purposes. Created by the Chicago Board Options Exchange (CBOE) in 1993, the VIX has grown into a widely recognized benchmark, offering insights into market risk and uncertainty.

Key events:   Eurozone - CPI (YoY) (Jul) After a day of volatile trading, the primary indices on Wall Street concluded with losses due to setbacks in the healthcare sector overshadowing gains made by Cisco and energy stocks. The backdrop of encouraging economic data further heightened apprehensions about the prolongation of elevated interest rates.

Key events: USA - ADP Nonfarm Employment Change (Jul)   USA - Crude Oil Inventories Tuesday witnessed a stumble in the S&P 500, with consumer stocks bearing the brunt of the pressure, as investors absorbed the latest round of quarterly earnings reports. The S&P 500 declined by 0.3%, while the Dow Jones Industrial Average managed to edge up by 0.2%, or 71 points. In contrast, the Nasdaq experienced a 0.4% decline.

Key events: USA - Average Hourly Earnings (MoM) (May) USA - Nonfarm Payrolls (May) USA - Unemployment Rate (May) On Thursday, global stock markets experienced a rise following the passage of a bill by the US House of Representatives to increase the federal debt ceiling. Concurrently, US Treasury yields declined as data indicated a cooling labor market, diminishing the likelihood of an interest rate hike by the Federal Reserve.

Key events: