Core CPI
Key events: UK - Employment Change 3M/3M (MoM) (Sep) UK - Unemployment Rate (Sep) Eurozone - GDP (YoY) (Q3) Eurozone - GDP (QoQ) Eurozone - ZEW Economic Sentiment (Nov) USA - Core CPI (MoM) (Oct) USA - CPI (MoM) (Oct) USA - CPI (YoY) (Oct) US futures indicated a negative start to the week on Monday as investors braced for a series of significant economic data releases that could influence the future trajectory of Federal Reserve interest rate policies.
Key events: USA - Core CPI (MoM) (Jul) USA - CPI (YoY) (Jul) USA - CPI (MoM) (Jul) USA - Initial Jobless Claims Stock futures climbed during overnight trading on Wednesday, building on slight upswings seen in major benchmark indices. Investors were attentively tracking upcoming earnings reports, all the while keeping an eye on a crucial consumer price index announcement that could potentially influence the course of future interest rates.
Key events: USA – Core CPI (MoM) (Mar) UK – BoE Gov Bailey Speaks Canada – BoC Interest Rate Decision USA – Crude Oil Inventories Canada – BOC Press Conference USA – FOMC Meeting Minutes UK – BoE Gov Bailey Speaks The US stock market is showing mixed dynamics in anticipation of the inflation report and minutes of the latest Federal Reserve meeting.
Key events: USA – EIA Short-Term Energy Outlook This week, investors have a lot of economic data to consider, including the upcoming release of March's consumer price index and producer price index on Wednesday and Thursday, respectively. Based on these reports, it will become clearer whether the Fed will continue raising interest rates or halt its campaign. Although most investors expect the Fed to continue tightening its monetary policy, the possibility of a pause should not be dismissed.
Key events: UK – Construction PMI (Mar) USA – Initial Jobless Claims Canada – Employment Change (Mar) Canada – Ivey PMI (Mar) Yesterday, weak US economic data continued to impact the markets. European markets closed slightly lower, and US markets followed suit after the March ISM services survey reported a larger-than-anticipated drop in the headline number to 51.2. The Nasdaq 100 experienced the greatest declines.
Key events: China – Industrial Production (YoY) (Feb) UK – Spring Statement USA – Core Retail Sales (MoM) (Feb) USA – PPI (MoM) (Feb) USA – Retail Sales (MoM) (Feb) USA – Crude Oil Inventories New Zealand – GDP (QoQ) (Q4) The U.S. consumer inflation report was the most important statistical release of the week. According to data released on March 14 by the U.S. Department of Labor:
Key events: USA – Core Durable Goods Orders (MoM) (Jan) USA – Pending Home Sales (MoM) (Jan) U.S. stock indices tumbled Friday on reports of continued high inflation in the country. The Dow Jones Industrial Average fell 336.99 points (1.02%) to 32816.92 points. Microsoft Corp (NASDAQ: MSFT) shares were the leaders among the index components, falling 2.2% besides Boeing.
Key events: Australia – Employment Change (Jan) USA – Building Permits (Jan) USA – Initial Jobless Claims USA – Philadelphia Fed Manufacturing Index (Feb) USA – PPI (MoM) (Jan) The U.S. stock market ended Wednesday's trading on the plus with growth in the last hour of the session. Traders tried to assess the next batch of statistical data on the U.S. economy and draw conclusions as to what they could mean for the further policy direction of the Federal Reserve System.
Key events: UK – CPI (YoY) (Dec) Eurozone – CPI (YoY) (Dec) USA – Core Retail Sales (MoM) (Dec) PPI (MoM) (Dec) Retail Sales (MoM) (Dec) The dollar is getting stronger against the euro and stable against the pound sterling in the course of trading on Wednesday. The Japanese yen is getting cheaper amid the results of the Bank of Japan meeting.
