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Mixed Market Reactions Amidst Uncertainties in Russia and Inflation Concerns | Daily Market Analysis
Key events: Eurozone - ECB President Lagarde Speaks USA - Building Permits USA - Core Durable Goods Orders (MoM) (May) USA - CB Consumer Confidence (Jun) USA - New Home Sales (May) On Monday, US stocks concluded the day with a decline as investors exercised caution in their approach towards riskier assets due to uncertainties surrounding the outcome of the disrupted mutiny in Russia over the weekend.
Mixed Market Reactions to Central Bank Actions and Economic Indicators Shape Investor Sentiment | Daily Market Analysis
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Uncertainties Prevail as Investors Await Central Bank Actions and Face Global Economic Concerns | Daily Market Analysis
Key events: USA - Building Permits (May) USA - FOMC Member Bullard Speaks USA - Housing Starts (MoM) (May) USA - FOMC Member Williams Speaks Eurozone - ECB McCaul Speaks Eurozone - ECB's De Guindos Speaks On Monday evening, stock futures slightly declined after a public holiday, as investors anticipated significant speeches from Federal Reserve (Fed) officials and members of the Federal Open Market Committee (FOMC) throughout the week.
Fed Comments Dampen Market Sentiment, S&P 500 and Nasdaq Close Lower | Daily Market Analysis
Key events: USA - Juneteenth Eurozone - ECB's Lane Speaks Eurozone - ECB's Schnabel Speaks The S&P 500 closed lower on Friday due to the influence of market heavyweights like Microsoft, following comments from two Federal Reserve officials that dampened optimism regarding the central bank's imminent completion of aggressive interest rate hikes.
Mixed Markets, Bank of England Rate Hike, Regional Banks Falter | Daily Market Analysis
Key events: UK - GDP (MoM) (Mar) UK - GDP (YoY) (Q1) UK - GDP (QoQ) (Q1) UK - Manufacturing Production (MoM) (Mar) UK - Monthly GDP 3M/3M Change (Mar) Both European and US markets had mixed sessions yesterday, with concerns over a slowdown in the Chinese and US economies leading to a selloff in commodity prices. This, in turn, had a negative impact on the basic resources and energy sectors.
US CPI Data Reinforces Fed Rate Pause, Disney Q2 Misses Expectations | Daily Market Analysis
Key events: UK - BoE Interest Rate Decision (May) UK - BoE MPC Meeting Minutes USA - Initial Jobless Claims USA - PPI (MoM) (Apr) UK - BoE Gov Bailey Speaks The softer-than-expected US Consumer Price Index (CPI) data released on Wednesday has increased confidence in the market that a US Federal Reserve (Fed) rate hike pause in June is likely. The YoY CPI for April rose 4.9%, slightly lower than expectations of a 5.0% increase, while the monthly CPI in April rose 0.4% after gaining 0.1% in March.
US Equities Gain Despite Recession Concerns, Regional Banks Recover | Daily Market Analysis
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Market Participants Cautious Despite Boost in Risky Assets from Inflation Data | Daily Market Analysis
Key events: Australia – RBA Meeting Minutes UK – Average Earnings Index +Bonus (Feb) UK – Claimant Count Change (Mar) USA – Building Permits (Mar) Canada – Core CPI (MoM) (Mar) Last week risky assets received a decent boost for growth in the form of inflation data. However, this data did not influence much the dynamics of risk instruments – a small cautiousness of market participants is noticeable. So how will the situation be in reality now?
Markets Digest Ongoing Series of Rate Hikes | Daily Market Analysis
Key events: UK – Retail Sales (MoM) (Feb) UK – Composite PMI UK – Manufacturing PMI UK – Services PMI Eurozone – EU Leaders Summit USA – Core Durable Goods Orders (MoM) (Feb) Canada – Core Retail Sales (MoM) (Jan) The Bank of England raised its rate by 25 points to 4.25%, just in line with market expectations. For the third meeting in a row, two members voted to maintain rates, but they were opposed by seven more hawkish members.