Chinese economy
Key events: Eurozone – ECB Economic Bulletin UK – BOE Inflation Letter USA – GDP (QoQ) (Q4) USA – Initial Jobless Claims U.S. stock indices closed yesterday's trading with growth due to strengthening sectors of technology, finance, and consumer services as concerns about the banking crisis in the U.S. weakened. Shares of the leading financial institutions rose from 0.1 percent to 0.9 percent.
Key events: USA – Pending Home Sales (MoM) (Feb) USA – Crude Oil Inventories On Tuesday, March 28, the world stock indices were trading without a single trend. In Japan and Hong Kong trading ended on the rise, while Chinese indices closed in a slight minus. European indices were adding within 0.5% at the start of trading. The futures on the S&P 500 shows near-zero dynamics.
The past year has brought many worries to investors. All three major stock market indices - the Dow, S&P 500, and Nasdaq - fell hard. The bond market hasn't been left out either if you look at the Bloomberg AGG index. Overall, 2022 is a dismal episode for the major stock and bond indices. Lingering COVID problems, unrelenting inflation, and Fed rate hikes have done their dark work. In 2023, many of the problems are certainly not going anywhere.
Key events: UK – Average Earnings Index +Bonus (Dec) UK – Claimant Count Change (Jan) USA – Core CPI (MoM) (Jan) USA – CPI (YoY) (Jan) USA – CPI (MoM) (Jan) After a very positive start to the year in global equity markets, many investors are wondering if there is now a fundamental shift in investor sentiment.
Key events: UK – Construction PMI (Nov) Canada – Ivey PMI (Nov) Australia – RBA Rate Statement USA – EIA Short-Term Energy Outlook U.S. stocks fell while bond yields jumped after the release of positive ISM service sector data suggesting that the most important part of the U.S. economy, where sticky inflation lives, is not close to collapse.
