Bank of America

Key events: UK - CPI (YoY) (Mar) Eurozone - CPI (YoY) (Mar) USA - Crude Oil Inventories Tuesday saw the S&P 500 concluding on a downward trajectory, with investors grappling with erratic fluctuations, particularly after Federal Reserve Chairman Jerome Powell hinted at the necessity of sustained higher rates. This indication followed recent inflation figures that surpassed expectations.

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.

Key events: UK - GDP (MoM) (Nov) USA - PPI (MoM) (Dec) US stocks experienced modest gains on Thursday as investors processed a decrease in core inflation for December, despite higher-than-expected headline consumer prices. The Dow Jones Industrial Average declined by 255 points or 0.7%, the S&P 500 traded 38 points, or 0.8%, lower, and the NASDAQ Composite dropped by 140 points, or 0.9%.

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Key events: USA - Existing Home Sales (Oct) USA - Existing Home Sales USA - FOMC Meeting Minutes During Monday's evening trading, US stock futures exhibited limited movement, maintaining a narrow range after modest gains in major benchmark indices. Lower yields contributed to the positive performance of tech giants, setting the stage for Nvidia's crucial earnings session later in the day. Dow Jones Futures and S&P 500 Futures showed little change, while Nasdaq 100 Futures edged up by 0.1%.

Key events: Canada - BoC Gov Council Member Lane Speaks UK - BoE MPC Member Pill Speaks USA - Initial Jobless Claims USA - Fed Chair Powell Speaks On Wednesday, the US stock market experienced a slight wobble as major indexes aimed to extend their longest winning streak in two years. The Dow Jones Industrial Average remained flat, with only a one-point change, while the S&P 500 and the NASDAQ Composite showed little movement, with both starting the day on an upward trajectory.

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Key events: Eurozone - ECB's Enria Speaks Eurozone - ECB Supervisory Board Member Tuominen Speaks UK - BoE Deputy Governor Woods Speaks UK - BoE MPC Member Pill USA - FOMC Member Harker Speaks USA - FOMC Member Harker Speaks Markets are on edge as Israel makes preparations to deploy troops into Gaza, raising concerns that the conflict with Hamas might spill over into neighboring regions. Iran, in particular, has issued warnings of a potential regional escalation if attacks on Palestinians persist.

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.

Key events: UK - CPI (YoY) (Jun) Eurozone - CPI (YoY) (Jun) USA - Building Permits (Jun) USA - Crude Oil Inventories Investors celebrated Tuesday as the S&P 500 surged, driven by better-than-expected quarterly results from several major corporations, including prominent Wall Street banks.