U.S. Consumer Confidence Index
Dow Extends Winning Streak, Tech Earnings Awaited, and Central Bank Meetings Loom | Daily Market Analysis
Key events: Canada - Manufacturing Sales (MoM) USA - S&P/CS HPI Composite - 20 n.s.a. (YoY) (May) USA - CB Consumer Confidence (Jul) The Dow continued its winning streak on Monday, notching an impressive eleventh-straight gain, thanks to a surge in energy stocks. Investors remained optimistic as they absorbed the better-than-expected quarterly results from major tech companies and awaited the Federal Reserve's decision later in the week.
US Consumer Confidence Drops to Record Low, Sparking Concerns of Impending Recession | Daily Market Analysis
Key events:
Markets Reactions to the GDP Report and the Week Ahead | Daily Market Analysis
Key events: Eurozone - CPI (YoY) (Oct) The economy does not stand still, and the figures of more than three weeks ago do not reflect the current situation. Time, it should be said, has generally flattened lately, and what was going on a few weeks ago may well be considered "old times." For instance, the U.S. Consumer Confidence Index fell from 107.8 to 102.5 in October, and the manufacturing shipments index from the Richmond Fed fell to -10, instead of the -5 the market was forecasting.