US Stocks Fall, Dollar Weakens as Debt Ceiling Talks Pause; European Shares Rise; RBNZ Rate Hike Ahead | Daily Market Analysis
Key events: China - PBoC Loan Prime Rate USA - FOMC Member Bullard Speaks USA - FOMC Member Bostic Speaks On Friday, US stocks closed lower, and the dollar weakened as discussions to raise the US debt ceiling were suspended. This development unsettled market participants as the deadline to avoid default approached over the weekend.
US Stocks Mostly Flat Amid Mixed Earnings, Inflation Concerns Loom | Daily Market Analysis
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US Retail Sales Drop 1% as Fed Predicts More Rate Hikes | Daily Market Analysis
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Top 5 This Week: Confrontation Over the U.S. Government Debt Ceiling and Tech Giant Reports | Daily Market Analysis
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Markets Still Have Plenty of Economic Impediments | Daily Market Analysis
Key events: UK – CBI Industrial Trends Orders (Dec) Canada – RMPI (MoM) (Nov) New Zealand – Trade Balance (MoM) (Nov) U.S. stocks declined on Friday, with the S&P down 1%, and a similar decline was seen in Europe as the market continued to digest the hawkish messages from the ECB and the Fed last week. Over the week, the S&P was down 2%. U.S. 10-year bond yields rose 3 bps to 3.48% on Friday and were down 10 bps for the week.
The Dollar Weakens Ahead of Thanksgiving | Daily Market Analysis
Key events: UK – Composite PMI UK – Manufacturing PMI UK – Services PMI USA – Building Permits USA – Core Durable Goods Orders (MoM) (Oct) USA – Initial Jobless Claims USA – New Home Sales (Oct) USA – Crude Oil Inventories USA – FOMC Meeting Minutes
Further Monetary Policy Tightening to Hold No Good to the Stock Market | Daily Market Analysis
Key events: New Zealand - Labor Day UK - Composite PMI UK - Manufacturing PMI UK - Services PMI