Manufacturing PMI

Key events: USA - Durable Goods Orders (MoM) (Mar) USA - Crude Oil Inventories Tuesday saw another positive close for the S&P 500, marking its second consecutive daily increase fueled by generally upbeat quarterly earnings as anticipation builds for the Magnificent 7's financial reports, with Tesla scheduled to unveil its figures after market hours. The Dow Jones Industrial Average surged by 263 points, or 0.7%, while the S&P 500 climbed by 1.2%, and the NASDAQ Composite soared by 1.6%.

Key events: USA - Fed Chair Powell Speaks  Eurozone - ECB's Lane Speaks USA - FOMC Member Bostic Speaks US stocks continued their ascent on Thursday, extending the record-breaking streak following the Federal Reserve's adherence to its projections of implementing at least three rate reductions this year. Dow Jones Industrial Average surged by 294 points, or 0.8%, while the S&P 500 advanced by 0.4%, and the NASDAQ Composite edged up by 0.2%.

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Key events: USA - S&P Global US Manufacturing PMI (Jan) USA - S&P Global Services PMI (Jan) Canada - BoC Interest Rate Decision USA - Crude Oil Inventories The S&P 500 achieved a record high for the third consecutive session on Tuesday, driven by optimistic sentiments in the tech sector. The S&P 500 climbed 0.3%, reaching a new closing peak of 4,864.11, while the NASDAQ Composite also set a record with a 0.4% increase. In contrast, the Dow experienced a slight decline of 0.3%, equivalent to 95 points.

Key events: USA - ADP Nonfarm Employment Change (Dec) USA - Initial Jobless Claims USA - S&P Global Services PMI (Dec) USA - Crude Oil Inventories The US stock indices concluded the second trading session of the year with additional declines, driven by extended profit-taking on Wednesday. This downturn followed a robust finish to 2023, and despite the release of minutes from the Federal Reserve's December meeting, the markets remained subdued.

Key events: USA - ISM Manufacturing PMI (Dec) USA - ISM Manufacturing Prices (Dec) USA - JOLTs Job Openings (Nov) USA - FOMC Meeting Minutes On Tuesday, US stocks experienced a retreat, relinquishing a portion of the substantial gains from the previous year, as investors anxiously awaited the release of crucial economic data to validate the anticipated trajectory of lower interest rates in the current year.

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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.

Key events: Australia - RBA Interest Rate Decision (May) Australia - RBA Rate Statement UK - Manufacturing PMI (Apr) Eurozone - CPI (YoY) (Apr) USA - JOLTs Job Openings (Mar) US markets ended the first day of May mostly unchanged as European markets were closed. However, the Nasdaq 100 had its best monthly close in a year, and the S&P 500 almost reached its highest point for the year.

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