Stocks Rally on Debt Ceiling Progress and AI Optimism; Eurozone Inflation Data Awaited | Daily Market Analysis
Key events: UK – Bank Holiday USA – Memorial Day US stocks experienced significant gains on Friday, driven by positive developments in talks regarding the US debt ceiling and a surge in chip stocks fueled by optimism surrounding artificial intelligence.
US Equities Gain Despite Recession Concerns, Regional Banks Recover | Daily Market Analysis
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US Stocks Mostly Flat Amid Mixed Earnings, Inflation Concerns Loom | Daily Market Analysis
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Fear of a Global Banking Crisis Is Fading, US GDP and EU CPI in Focus | Daily Market Analysis
Key events: Eurozone – ECB Economic Bulletin UK – BOE Inflation Letter USA – GDP (QoQ) (Q4) USA – Initial Jobless Claims U.S. stock indices closed yesterday's trading with growth due to strengthening sectors of technology, finance, and consumer services as concerns about the banking crisis in the U.S. weakened. Shares of the leading financial institutions rose from 0.1 percent to 0.9 percent.
Gold Hits $2,000 As Markets Eye Fed Interest Rate Decision | Daily Market Analysis
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ECB's Decision to Raise Rates Indicates That The Fed May Follow the Lead | Daily Market Analysis
Key events: Eurozone – CPI (YoY) (Feb) Yesterday's ECB decision was crucial as it gave the first glimpse of what bank stress means for monetary policy. And it meant nothing special – good news for the markets. The ECB decided not to blow up the banking problems and announced a 50bp rate hike during yesterday's decision, pointing to high inflation. The opening sentence of ECB head Christine Lagarde's speech stated that the bank has been forecasting "too high inflation for too long."
Euro Area to Open Higher in Anticipation of German CPI and UK GDP | Daily Market Analysis
Key events: UK – BoE MPC Treasury Committee Hearings Eurozone – EU Leaders Summit USA – Initial Jobless Claims Yesterday we could see another day of record highs for the FTSE100, as European markets again outperformed US markets, which bounced back.