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Key events: USA - CB Consumer Confidence (Sep) USA - New Home Sales (Aug) USA - Building Permits On Monday, the S&P 500 experienced a modest increase, boosted by Amazon.com (NASDAQ: AMZN) shares and the energy sector. This uptick coincided with rising Treasury yields, and investors were closely watching economic data and statements from Federal Reserve policymakers later in the week to gain insight into the future of interest rates.

 Key events: USA - S&P Global Services PMI (Sep)                             US stocks faced a decline, while Treasury yields rose following the Federal Reserve's indication of maintaining higher interest rates, including a potential increase later this year. Interest rate-sensitive mega-cap stocks, notably Amazon.com (NASDAQ: AMZN), Nvidia Corp (NASDAQ: NVDA), Apple Inc (NASDAQ: AAPL), and Alphabet (NASDAQ: GOOGL) Inc, exerted downward pressure on the S&P 500 and Nasdaq, pushing them to their lowest closing levels since June.

Key events:   Eurozone - CPI (YoY) (Aug) USA - Building Permits (Aug) On Monday, the primary stock market indices on Wall Street experienced fluctuating movements, with energy stocks tracking the rising prices of crude oil. Investors were also in anticipation of the Federal Reserve's upcoming interest rate decision. Among the sectors in the S&P 500, energy emerged as the top gainer, advancing by 1.1%, reflecting the firming of crude oil prices, which approached the $95-per-barrel threshold due to supply constraints.

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Key events:   USA - Initial Jobless Claims   USA - Philadelphia Fed Manufacturing Index (Aug) While European markets have experienced a lack of clear direction this week, displaying a slight downward trend, the FTSE 100 is poised to record its most significant weekly decline in over a month. The UK's inflation data released yesterday morning has boosted the value of the pound. However, it has simultaneously placed UK-centric stocks in a less favorable position.

Key events: USA - Average Hourly Earnings (MoM) (Jul) USA - Nonfarm Payrolls (Jul) USA - Unemployment Rate (Jul) Canada - Employment Change (Jul) Canada - Unemployment Rate (Jul) Yesterday, European markets experienced another day of losses, with the DAX declining for the 4th consecutive day and the FTSE100 finishing lower for the 3rd straight session. However, both indices closed off their day's lows, indicating some potential resilience.

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Key events:      USA - Core Retail Sales (MoM) (Jun)     USA - Retail Sales (MoM) (Jun)               On Monday, the Dow closed higher, with technology and financial sectors leading the way. Investors were eagerly anticipating quarterly results from major Wall Street banks and corporations later in the week. However, the gains in the broader market were somewhat limited by a stumble in the telecom sector.

tKey events: China - Industrial Production (YoY) (Jun) Eurozone - ECB President Lagarde Speaks Eurozone - ECB's Lane Speaks USA - NY Empire State Manufacturing Index (Jul)   On Friday, US stocks closed with a slight decline, but overall, investors remained optimistic amid indications that disinflation might be a more sustained trend. As investors pondered the potential effects on interest rates, stock markets, and the Federal Reserve's actions, the overall sentiment remained positive.

Key events: UK - Employment Change 3M/3M (MoM) (May) UK - Unemployment Rate (May) Eurozone - ZEW Economic Sentiment (Jul) USA - FOMC Member Bullard Speaks USA - EIA Short-Term Energy Outlook        During Monday evening's trading, US stock futures remained within a narrow range. This followed three consecutive sessions of declines in major benchmark averages. Investors were awaiting the release of important inflation data and earnings results later in the week.