JPMorgan Chase
Stock Market Surges to Record Highs as Earnings Season Kicks Off, Forex Faces Dollar Strength and Global Uncertainty | Daily Market Analysis
Key events: USA - OPEC Monthly Report USA - FOMC Member Kashkari Speaks USA - Fed Waller Speaks On Friday, the Dow Jones and S&P 500 closed at record highs, with the latter surpassing the 5,800 mark for the first time, buoyed by JPMorgan’s strong earnings performance. The S&P 500 rose 0.4% to close at 5,814.75, while the NASDAQ Composite added 0.3%, and the Dow surged 409 points, or 1%, ending the day at a new high of 42,863.86.
Rising Yields and Strong Jobs Data Weigh on Markets as Investors Brace for Fed Signals | Daily Market Analysis
Key events: Eurozone - ECB's Schnabel Speaks Eurozone - Eurogroup Meetings Eurozone - ECB McCaul Speaks USA - FOMC Member Bostic Speaks The S&P 500 slid lower on Monday, pressured by a rise in Treasury yields after a much stronger-than-expected jobs report reduced hopes for a sizable interest rate cut by the Federal Reserve next month. The Dow Jones Industrial Average fell by 398 points, or 0.9%, while the S&P 500 and NASDAQ Composite dropped 1% and 1.2%, respectively.
Dow Approaches Record High Amid Strong Bank Earnings and Inflation Concerns | Daily Market Analysis
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.
S&P 500 Sets Fourth Consecutive Record High as Markets Eye Fed Testimony and Inflation Data | Daily Market Analysis
Key events: USA - Fed Vice Chair for Supervision Barr Speaks USA - Fed Chair Powell Testifies USA - Treasury Secretary Yellen Speaks USA - FOMC Member Bowman Speaks The S&P 500 extended its record streak on Monday, closing at all-time highs for the fourth consecutive session despite cautious sentiment ahead of Federal Reserve Chair Jerome Powell's testimony to Congress and key inflation data expected this week.
Wall Street Banks' Earnings Fuel Dow's Friday Plunge While Gold Rises Amid Middle East Tensions | Daily Market Analysis
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US Stocks Drop as Inflation Data Dampens Rate Cut Hopes; Bank of Canada Holds Rates Steady Amid Rate Cut Speculation | Daily Market Analysis
Key events: Eurozone - Deposit Facility Rate (Apr) Eurozone - ECB Interest Rate Decision (Apr) USA - Initial Jobless Claims USA - PPI (MoM) (Mar) Eurozone - ECB Press Conference USA - 30-Year Bond Auction Wednesday witnessed a downturn in US stocks as hotter-than-anticipated inflation data dashed hopes of an early interest rate cut by the Federal Reserve, sending ripples of concern across the market.
Global Markets Navigate Volatility: Earnings, Economic Data, and Geopolitical Events Shape Trends | Daily Market Analysis
Key events: USA - Martin Luther King, Jr. Day Eurozone - Industrial Production (MoM) (Nov) Eurozone - Trade Balance (Nov) Canada - Wholesale Sales (MoM) (Nov) Canada - BoC Business Outlook Survey On Friday, US stocks closed with minimal changes, fluctuating between slight gains and losses. Mixed bank earnings offset the impact of cooler-than-expected inflation data, which had initially fueled optimism for potential interest-rate cuts from the Federal Reserve.
US Stock Indices Find Optimism in Thursday's Turnaround, Fueled by Financial Strength and Upbeat Job Data | Daily Market Analysis
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Global Markets React to Economic Concerns: Stocks Dip, Banks Under Pressure, Pound Gains on Wage Data | Daily Market Analysis
Key events: New Zealand - RBNZ Interest Rate Decision UK - CPI (YoY) (Jul) USA - Building Permits (Jul) USA - Crude Oil Inventories USA - FOMC Meeting Minutes Yesterday, European markets underwent a challenging trading session, experiencing significant declines to reach their lowest points in more than a month. This downturn was largely influenced by apprehensions regarding the Chinese economy and a notable deceleration in domestic demand.
Increased Volatility Ahead | Daily Market Analysis
Key events: UK - Average Earnings Index +Bonus (Aug) UK - Claimant Count Change (Sep) UK - BoE Gov Bailey Speaks We have a dashing month ahead of us. Over the next 30 days, there will be a number of important events that will keep traders on edge.
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