Bank of Japan

Key events: China - GDP (YoY) (Q2) USA - Fed Chair Powell Speaks USA - FOMC Member Daly Speaks The Dow nearly set a new closing record, coming close after reaching an all-time high on Friday, despite a slight rise in wholesale inflation. Investors were buoyed by better-than-expected quarterly earnings from several major Wall Street banks.

Key events: Eurozone - ECB McCaul Speaks Eurozone - ECB's Schnabel Speaks Canada - BoC Gov Macklem Speaks USA - FOMC Member Daly Speaks On Friday, US stocks experienced a mixed performance after the market closed. Gains in the Consumer Services, Telecoms, and Consumer Goods sectors propelled some shares higher, while declines in the Oil & Gas, Technology, and Utilities sectors dragged others lower.

Key events: Japan - BoJ Interest Rate Decision USA - Fed Monetary Policy Report USA - Michigan Consumer Sentiment The S&P 500 achieved a new record close on Thursday, spurred by a significant rise in Broadcom, which boosted semiconductor stocks, and buoyed by growing expectations of rate cuts this year amid indications of easing inflation. The S&P 500 rose by 0.2% to a record high of 5,432.40, while the NASDAQ Composite advanced 0.3%. Conversely, the Dow Jones Industrial Average declined by 65 points, or 0.2%.

Key events:  Eurozone - CPI (YoY) (May) USA - Core PCE Price Index (MoM) (Apr) USA - Core PCE Price Index (YoY) (Apr) USA - Chicago PMI (May) Canada - GDP (QoQ) (Q1) The S&P 500 closed lower on Thursday, pulled down by a drop in technology stocks, particularly Salesforce, and cautious sentiment ahead of key inflation data expected on Friday. The Dow Jones Industrial Average fell by 330 points, or 0.9%. The S&P 500 decreased by 0.6%, and the NASDAQ Composite declined by 1.1%.

Key events:  UK - Unemployment Rate (Mar) UK - BoE MPC Member Pill Speaks USA - PPI (MoM) (Apr) USA - Fed Chair Powell Speaks Monday saw the S&P 500 holding steady as investors braced for a pivotal inflation report slated for later in the week, a factor poised to influence the Federal Reserve's monetary policy stance.

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.