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Key events: Eurozone - ECB's De Guindos Speaks Australia - Retail Sales (MoM) (Dec) The S&P 500 concluded a five-session streak of record highs on Friday, marked by Intel (NASDAQ: INTC) slumping following a grim revenue forecast, and US economic data indicating moderated inflation. Despite both the S&P 500 and Nasdaq closing lower, all three major indexes logged their third straight weekly gain and their 12th weekly advance out of 13.

Key events: Eurozone - ECB President Lagarde Speaks USA - Existing Home Sales (Dec) USA - Michigan Consumer Sentiment USA - FOMC Member Daly Speaks On Thursday, the Dow managed to close higher despite a momentary stumble during the day, thanks to a resurgence in big tech, particularly fueled by a rally in Apple and chip stocks.

Key events: UK - Average Earnings Index +Bonus (Nov) UK - Employment Change 3M/3M (MoM) (Nov) UK - Unemployment Rate (Nov) Eurozone - German CPI (MoM) (Dec) USA - NY Empire State Manufacturing Index (Jan) UK - BoE Gov Bailey Speaks USA - Fed Waller Speaks On Monday night, US stocks indicated a lower opening as Wall Street awaited forthcoming data and bank earnings, seeking insights into the current state of the American consumer.

Key events: USA - FOMC Member Bostic Speaks US stock indices experienced a volatile session on Friday, ultimately closing with slight gains. However, these modest increases were insufficient to prevent the S&P 500 and Nasdaq Composite from commencing 2024 with their most significant weekly declines in months. All three major benchmarks marked their first weekly downturns in ten weeks, with the S&P 500 decreasing by 1.54%, the Nasdaq Composite slumping by 3.26%, and the Dow Jones Industrial Average dipping by 0.59%.

Key events: UK - S&P Global/CIPS UK Manufacturing PMI (Dec) USA - S&P Global US Manufacturing PMI (Dec) USA - Atlanta Fed GDPNow (Q4) Overnight trading on Monday saw stock futures maintaining stability, setting the tone for the beginning of the new year. This follows a remarkably strong 2023, where the S&P 500 rallied by an impressive 24%. Dow Jones Futures and Nasdaq 100 Futures saw a marginal uptick of 0.1%, while S&P 500 Futures remained unchanged.

Key events: Japan - BoJ Interest Rate Decision Japan - BoJ Press Conference Eurozone - CPI (YoY) (Nov) USA - Building Permits (Nov) On Monday, the S&P 500 defied attempts by Federal Reserve officials to temper expectations for imminent rate cuts. The Dow Jones Industrial Average remained flat, the NASDAQ Composite climbed 0.61%, and the S&P 500 index rose by 0.5%.

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.

Key events: USA - ADP Nonfarm Employment Change (Nov) Canada - BoC Interest Rate Decision USA - Crude Oil Inventories US markets displayed a mixed performance, with the S&P500 exhibiting a volatile tone marked by a notable increase in losers compared to winners. This came amid the assessment of a stronger-than-expected November ISM Non-manufacturing survey. However, the mood was offset by a significant unexpected decline in October job openings, leading to another dip in 10-year Treasury yields.

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