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Global Markets Navigate Post-Thanksgiving Caution Amidst Geopolitical Developments and Economic Indicators | Daily Market Analysis
Key events: Eurozone - German GDP (QoQ) (Q3) Eurozone - ECB President Lagarde Speaks Canada - Retail Sales (MoM) (Sep) USA - S&P Global Services PMI (Nov) Post-Thanksgiving, a sense of caution is prevalent in the markets as investors show reluctance to make significant moves, anticipating a day of narrow-range trading. The recently declared four-day truce between Israel and Hamas starting on Friday may contribute to a more positive market sentiment.
US Stocks Surge as Treasury Yields Dip Amid Fed Rate Pause Expectations; UK's BoE Maintains Rates Unchanged | Daily Market Analysis
Key events: USA - Average Hourly Earnings (MoM) (Oct) USA - Nonfarm Payrolls (Oct) USA - Unemployment Rate (Oct) USA - S&P Global Services PMI (Oct) USA - ISM Non-Manufacturing PMI (Oct) USA - ISM Non-Manufacturing Prices (Oct) On Thursday, US stocks surged as Treasury yields dipped, reflecting the belief that the Federal Reserve has paused interest rate hikes following two consecutive meetings where it maintained the benchmark rate.
Wall Street's Mixed Tuesday: Fed Meeting, Earnings, and Market Moves | Daily Market Analysis
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Markets Rebound Despite Israel's Gaza Incursion; Earnings Updates and Central Bank Decisions in Focus | Daily Market Analysis
Key events: China - Manufacturing PMI (Oct) Eurozone - CPI (YoY) (Oct) USA - CB Consumer Confidence (Oct) Despite Israel's initial steps into Gaza, European markets have had a positive start to the week. The limited and gradual nature of these actions seems to be easing concerns about potential escalations leading to a new front opening on Israel's northern border with Lebanon and Hezbollah.
Stocks, Fed Meeting, and Economic Data in Focus for the Week Ahead | Daily Market Analysis
Key events: Eurozone - ECB's De Guindos Speaks Eurozone - ECB's Enria Speaks Canada - BoC Gov Macklem Speaks During Sunday's evening trading, US stock futures displayed gains after major benchmark indices concluded the week at multi-month lows. Investors are gearing up for a packed week featuring earnings reports and economic data. Basicallly, last week Dow Jones Industrial Average slipped by 366.7 points or 1.1% to reach 32,417.6, and the NASDAQ Composite saw an increase of 123.1 points or 1% to reach 12,718.7.
Dow Slips Amid Soaring Yields, Mixed Earnings, and Fed's Cautious Stance | Daily Market Analysis
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Markets Navigate Geopolitical Tensions: S&P 500 Rises, Japanese Yen Surges, and Gold Rebounds | Daily Market Analysis
Key events: Eurozone - ECB President Lagarde Speaks USA - FOMC Member Bostic Speaks USA - FOMC Member Kashkari Speaks On Monday, the S&P 500 managed to climb despite escalating geopolitical tensions in the wake of the Israel-Hamas conflict, which raised concerns about a broader Middle East war. The S&P 500 saw a 0.6% increase, while the Dow Jones Industrial Average rose by 0.5%, equivalent to 162 points, and the Nasdaq registered a 0.4% uptick.
S&P 500 Rises Amidst Yield Pause, Yen Finds Relief as Labor Market Takes Center Stage | Daily Market Analysis
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S&P 500's Volatile Climb Amidst Rising Rates and Global Uncertainties | Daily Market Analysis
Key events: USA - GDP (QoQ) (Q2) USA - Initial Jobless Claims USA - Pending Home Sales (MoM) (Aug) On Wednesday, the S&P 500 managed to secure a marginal uptick in a volatile trading session. Investors found themselves in a dilemma, contemplating whether it was the right time to seek out undervalued opportunities following a recent market downturn driven by soaring Treasury yields and uncertainty surrounding future interest rate trajectories.
Wall Street Wraps Up Turbulent Week as Yields Soar and Fed's Hawkish Outlook Weighs on Markets | Daily Market Analysis
Key events: Eurozone - ECB President Lagarde Speaks Eurozone - ECB's Schnabel Speaks On Friday, Wall Street experienced a volatile session that ultimately led to a lower close, marking the end of a turbulent week. This week saw benchmark Treasury yields reaching their highest levels in 16 years, while investors were grappling with the Federal Reserve's more hawkish outlook revisions.