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Wall Street Sees Mixed Close, Currency Shifts, and Global Economic Indicators Unveiled | Daily Market Analysis
Key events: UK - BoE MPC Member Broadbent Speaks Canada - New Housing Price Index (MoM) (Nov) Eurozone - ECB's Schnabel Speaks Eurozone - ECB's Lane Speaks On the closing bell last Friday, Wall Street witnessed a blend of outcomes, and the dollar staged a recovery as market participants took a pause after a week marked by crucial central bank decisions and economic data releases. Treasury yields made a descent to levels not seen in several months.
Dow Gains on Tech, Inflation Deceleration Sparks Rate Cut Expectations, FOMC Meeting Eyed | Daily Market Analysis
Key events: UK - GDP (MoM) (Oct) USA - PPI (MoM) (Nov) USA - Crude Oil Inventories USA - FOMC Statement USA - Fed Interest Rate Decision USA - FOMC Press Conference New Zealand - GDP (QoQ) (Q3) On Tuesday, the Dow concluded higher, led by the tech sector, as a sustained deceleration in inflation bolstered expectations for an early rate cut in the coming year, just ahead of the Federal Reserve's impending monetary policy decision scheduled for Wednesday.
Dow Rises, Central Banks in Spotlight, and Gold Reacts to Inflation Uncertainty | Daily Market Analysis
Key events: USA - Core CPI (MoM) (Nov) USA - CPI (YoY) (Nov) USA - CPI (MoM) (Nov) USA - 30-Year Bond Auction On Monday, the Dow recorded an increase, extending recent positive trends as investors anticipated a significant week marked by pivotal events, including the release of fresh inflation data and the Federal Reserve's scheduled two-day meeting on Tuesday.
Global Markets Navigate Post-Thanksgiving Caution Amidst Geopolitical Developments and Economic Indicators | Daily Market Analysis
Key events: Eurozone - German GDP (QoQ) (Q3) Eurozone - ECB President Lagarde Speaks Canada - Retail Sales (MoM) (Sep) USA - S&P Global Services PMI (Nov) Post-Thanksgiving, a sense of caution is prevalent in the markets as investors show reluctance to make significant moves, anticipating a day of narrow-range trading. The recently declared four-day truce between Israel and Hamas starting on Friday may contribute to a more positive market sentiment.
Wall Street's Rollercoaster Ride: Fed, Yields, and Gold Amidst Market Uncertainty | Daily Market Analysis
Key events: Eurozone -ECB's Lane Speaks UK - BoE Gov Bailey Speaks USA - Fed Chair Powell Speaks USA - FOMC Member Williams Speaks On Tuesday, Wall Street's primary indices embarked on an upward trajectory after a somewhat turbulent start to the session. The decline in US Treasury yields supported mega-cap growth stocks, while investors eagerly anticipated further statements from Federal Reserve officials to gauge the direction of interest rates.
US Stocks Surge as Treasury Yields Dip Amid Fed Rate Pause Expectations; UK's BoE Maintains Rates Unchanged | Daily Market Analysis
Key events: USA - Average Hourly Earnings (MoM) (Oct) USA - Nonfarm Payrolls (Oct) USA - Unemployment Rate (Oct) USA - S&P Global Services PMI (Oct) USA - ISM Non-Manufacturing PMI (Oct) USA - ISM Non-Manufacturing Prices (Oct) On Thursday, US stocks surged as Treasury yields dipped, reflecting the belief that the Federal Reserve has paused interest rate hikes following two consecutive meetings where it maintained the benchmark rate.
Stock Market and Precious Metals React to Fed's Decision | Daily Market Analysis
Key events: UK - BoE Interest Rate Decision (Nov) USA - Initial Jobless Claims On Wednesday, Wall Street's major stock indices closed on a high note, with the Nasdaq leading the gains with a 1.6% advance. This upswing followed the US Federal Reserve's decision to maintain unchanged interest rates. Comments from the Fed's top official boosted investor optimism, suggesting that further rate hikes may not be on the horizon, despite the central bank keeping the door open for potential future actions.
Financial Markets Navigate Volatility: S&P 500, Amazon Investment, Gold's Dollar Struggle, and Pound's Weakness | Daily Market Analysis
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.
Treasury Yields Rise Amid Fed's Interest Rate Outlook; BoE and BoJ Maintain Policies | Daily Market Analysis
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.
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