Bank of England

Key events: USA - Initial Jobless Claims USA - Philadelphia Fed Manufacturing Index (Apr) USA - Existing Home Sales (Mar) Wednesday saw the S&P 500 finishing lower, as concerns over prolonged Federal Reserve interest rates weighed heavily on tech stocks, led by Nvidia's decline. The Dow Jones Industrial Average dipped by 45 points, equivalent to a 0.1% decrease, while the S&P 500 experienced a 0.6% decline, and the NASDAQ Composite fell by 1.2%.

Key events: USA - Core CPI (MoM) (Mar) Canada - BoC Interest Rate Decision USA - Crude Oil Inventories USA - 10-Year Note Auction USA - FOMC Meeting Minutes On Tuesday, US stocks managed to secure a modest gain, although investors faced a tumultuous session characterized by fluctuations between losses and gains. This volatility was spurred by a dip in the tech sector led by Nvidia, casting a shadow ahead of pivotal inflation data scheduled for release the following day.

Key events: USA - Durable Goods Orders (MoM) (Feb) USA - CB Consumer Confidence (Mar) Monday witnessed a decline in the S&P 500 as major tech players took a breather, anticipating pivotal market events later in the week, including an update on inflation and statements from Federal Reserve officials. The Dow Jones Industrial Average dipped by 162 points, or 0.4%, while the S&P 500 experienced a 0.3% drop, and the NASDAQ Composite slipped by 0.3%.

Key events: USA - NY Empire State Manufacturing Index (Mar) USA - Michigan Consumer Sentiment (Mar) Eurozone - ECB's Lane Speaks On Thursday, the Dow closed lower, halting a three-day winning streak, as investor sentiment took a hit from reports indicating higher-than-expected inflation and signs of a slowdown in consumer activity. The S&P 500 declined by 0.2%, the NASDAQ Composite fell by 0.3%, and the Dow Jones Industrial Average dropped by 0.4%, representing a decrease of 137 points.

Key events: USA - Core PCE Price Index (MoM) (Jan) USA - Core PCE Price Index (YoY) (Jan) USA - Initial Jobless Claims      USA - Chicago PMI (Feb) On Wednesday, the S&P 500 experienced a slight decline, but the broadening rally beyond the technology sector helped mitigate losses as investors awaited crucial inflation data that is expected to influence the Federal Reserve's stance on interest rates.

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Key events: Eurozone - ECB's Elderson Speaks USA - Core Durable Goods Orders (MoM) (Jan) USA - CB Consumer Confidence (Feb) The S&P 500 achieved a fresh record high of 5,088 last week, propelled by Nvidia's impressive quarterly report. Earlier on Friday, the index reached 5,111, establishing a new all-time peak.

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Key events:

Key events: USA - Initial Jobless Claims USA - Philadelphia Fed Manufacturing Index (Jan) USA - Crude Oil Inventories On Wednesday, US equities experienced a decline, influenced by a continued rise in Treasury yields that exerted pressure on the technology sector. The surge in yields was driven by robust economic data, creating uncertainty among investors about the likelihood of a Federal Reserve rate cut in March.