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Global Shares Decline, Dollar Recovers as Fed Pauses Rate Hikes; ECB Announcement and BOJ Meeting Awaited | Daily Market Analysis

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Market Surges as S&P 500 and Nasdaq Reach Record Highs, Investors Await Inflation Data and Fed Meeting | Daily Market Analysis

Key events: UK - Unemployment Rate (Apr) UK - Average Earnings Index +Bonus (Apr)     USA - Core CPI (MoM) (May) On Monday, the S&P 500 and the Nasdaq experienced a surge, reaching their highest closing levels since April 2022. Additionally, Oracle (NYSE: ORCL) achieved a record high in anticipation of its quarterly results. Investors were eagerly awaiting inflation data and the Federal Reserve's interest rate decision scheduled for later in the week.

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Market Sentiment Remains Cautious Despite Tesla Surge and S&P 500's Winning Streak | Daily Market Analysis

Key events: UK - BoE MPC Member Mann USA - Federal Budget Balance (May) On Friday, the S&P 500 experienced a rise in its closing value, although it fell short of the session's peak levels. The market failed to rally extensively despite a notable surge in Tesla (NASDAQ: TSLA) shares, as investors remained cautious ahead of the Federal Reserve's policy meeting and upcoming inflation data the following week.

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Stocks Rally on Debt Ceiling Progress and AI Optimism; Eurozone Inflation Data Awaited | Daily Market Analysis

Key events:         UK – Bank Holiday USA – Memorial Day US stocks experienced significant gains on Friday, driven by positive developments in talks regarding the US debt ceiling and a surge in chip stocks fueled by optimism surrounding artificial intelligence.

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European Markets Fall as US Banks Struggle and Rate Hike Fears Mount | Daily Market Analysis

Key events: UK - Construction PMI (Apr) USA - Nonfarm Payrolls (Apr) USA - Unemployment Rate (Apr) Canada - Employment Change (Apr) European markets experienced a negative session yesterday, erasing the slight recovery that occurred on Wednesday and more. The FTSE 100 dropped to a four-week low, while the DAX fell to a three-week low.

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Q1 Tech Earnings, Central Bank Meetings, FX Divergence in Focus | Daily Market Analysis

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Markets in ‘Wait and See’ Mode While Safe-Haven Currencies Favored | Daily Market Analysis

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ECB's Decision to Raise Rates Indicates That The Fed May Follow the Lead | Daily Market Analysis

Key events:         Eurozone – CPI (YoY) (Feb) Yesterday's ECB decision was crucial as it gave the first glimpse of what bank stress means for monetary policy. And it meant nothing special – good news for the markets. The ECB decided not to blow up the banking problems and announced a 50bp rate hike during yesterday's decision, pointing to high inflation. The opening sentence of ECB head Christine Lagarde's speech stated that the bank has been forecasting "too high inflation for too long."

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Japan's Inflation Hits 41-Year High, U.S. Treasury Yields Decline, and PCE Inflation Report Looms | Daily Market Analysis

Key events:         USA – Core PCE Price Index (MoM) (Jan) USA – New Home Sales (Jan) The latest GDP data from the U.S. showed that the U.S. economy grew 2.7% in Q4, not 2.9% as analysts had anticipated. Softer economic growth might have helped ease inflation and softened the Fed's hand. That didn't happen, however, as the GDP Price Index, another measure of inflation that was released along with the GDP data, showed that inflation fell in Q4, but fell much less than expected, fully reflecting the CPI and PPI data released last week.

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Is There Any Logic Behind Optimism in the US Stock Market? | Daily Market Analysis

Key events:         New Zealand – RBNZ Interest Rate Decision New Zealand – RBNZ Rate Statement      New Zealand – RBNZ Press Conference      USA – FOMC Meeting Minutes   First of all, there are enough reasons for optimism in the market, and each of them is quite convincing. China is lifting the quarantine measures imposed because of the coronavirus. This leads to improvements in supply chains and reduces pro-inflation risks.

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