Bank of Japan

Key events: USA - Durable Goods Orders (MoM) (Mar) USA - Crude Oil Inventories The S&P 500 surged on Monday, driven by strength in the technology sector, marking a rebound from its most significant weekly decline since March of the previous year. Investors turned their attention to upcoming quarterly earnings reports from major tech companies.

Key events: USA - FOMC Member Williams Speaks UK - BoE Gov Bailey Speaks USA - Fed Chair Powell Speaks On Monday, the Dow took a hit amidst surging Treasury yields, a backdrop of geopolitical tensions, and robust retail sales figures that dashed hopes for imminent interest rate cuts, overshadowing Goldman Sachs' strong earnings report. The Dow Jones Industrial Average stumbled by 248 points, marking a 0.7% decline, while the S&P 500 and NASDAQ Composite followed suit, slipping by 1.2% and 1.8%, respectively.

Key events: USA - Average Hourly Earnings (MoM) (Mar) USA - Non-Farm Payrolls (Mar) USA - Unemployment Rate (Mar) Thursday marked the fourth consecutive day of losses for the Dow Jones Industrial Average, as intraday gains were relinquished amidst mounting geopolitical tensions and hawkish commentary from Federal Reserve officials, just ahead of the highly anticipated monthly jobs report scheduled for Friday.

Key events: USA - Initial Jobless Claims USA - Trade Balance (Feb) USA - FOMC Member Mester Speaks On Wednesday, the S&P 500 managed to secure a modest gain, buoyed by Federal Reserve Chairman Jerome Powell's remarks hinting at potential rate cuts later this year. Powell's comments alleviated concerns among investors who feared a more hawkish stance from the Fed chief in light of the recent robust economic performance.

Key events: USA - Core Retail Sales (MoM) (Feb) USA - Initial Jobless Claims USA - PPI (MoM) (Feb) USA - Retail Sales (MoM) (Feb) On Wednesday, the Dow managed to edge higher for a third consecutive day, bolstered by gains in energy stocks, although a decline in tech stocks tempered overall market gains. Investor focus remained on forthcoming economic data scheduled for Thursday, which could influence the Federal Reserve's outlook before its decision next week.

Key events: USA - Average Hourly Earnings (MoM) (Feb) USA - Nonfarm Payrolls (Feb) USA - Unemployment Rate (Feb) The S&P 500 achieved a new record high on Thursday, driven by gains in the tech sector. Federal Reserve Chair Jerome Powell's reaffirmation of potential rate cuts this year fueled investor confidence, reinforcing the belief that global central banks are likely to initiate monetary policy easing measures in June.

Key events: Eurozone - ECB's Elderson Speaks USA - Core Durable Goods Orders (MoM) (Jan) USA - CB Consumer Confidence (Feb) The S&P 500 achieved a fresh record high of 5,088 last week, propelled by Nvidia's impressive quarterly report. Earlier on Friday, the index reached 5,111, establishing a new all-time peak.

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Key events:  Canada, UK, Australia, New Zealand - Boxing Day US stocks experienced a mixed close on Friday as investors approached the Christmas holiday weekend. The market showed fluctuations after absorbing inflation data that was milder than anticipated, solidifying expectations for Federal Reserve interest rate cuts in the upcoming year.

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%.