Bank of America page 2

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.

The main topic of the world media кrecently was the collapse of Silicon Valley Bank (SVB) in California. In 2020-2021, this bank was actively attracting deposits and investing depositors' funds in bonds, but as the Federal Reserve (Fed) tightened its monetary policy, the yield on them began to fall far behind securities of new issues, and prices began to fall. U.S. regulators are still trying to understand the scale of the problem, but it is already known that several regional U.S. banks are at risk.

Key events:         UK – CPI (YoY) (Feb) Eurozone – ECB President Lagarde Speaks      USA – Crude Oil Inventories USA – FOMC Economic Projections      USA – Fed Interest Rate Decision USA – FOMC Press Conference The Federal Reserve began its two-day monetary policy meeting yesterday while the market is still under stress after three weeks of severe financial instability on both sides of the Atlantic.

Key events:      

Key events:       USA – Building Permits (Nov)   Canada – Core Retail Sales (MoM) (Oct)   Investors will be watching company reports and macroeconomic data closely this week to see if the Fed's interest-rate hike campaign will cause a recession. Key data, in particular, include the report on building permits, which will be released today.

Key events: