Dow Jones index

Key events:                            Eurozone – ECB President Lagarde Speaks  USA – S&P Global Services PMI (Oct)          The Dow Jones Industrial Average declined on Monday due to fluctuating Treasury yields and a surge in technology stocks, which partially offset losses in the energy and financial sectors. This decline occurred ahead of a busy week for corporate earnings.

Key events: China - Manufacturing PMI (Jul) Eurozone - CPI (YoY) (Jul) On Friday, the Dow Jones Industrial Average concluded with a gain, marking its third consecutive weekly victory as investors showed a strong interest in prominent tech and chip stocks. The surge came in response to a decline in Treasury yields, triggered by signs of decelerating inflation, which bolstered optimism that the Federal Reserve had likely delivered its final interest rate hike earlier in the week.

Key events:         Canada – GDP (MoM) (Mar)   Eurozone – ECB President Lagarde Speaks      USA – JOLTs Job Openings (Apr) Tuesday's closing session on Wall Street saw a mixed performance among stocks. Concerns emerged due to certain US lawmakers opposing a deal to raise the debt ceiling, which amounted to $31.4 trillion. However, the market received support from a significant surge in Nvidia (NASDAQ: NVDA) shares. This surge momentarily elevated the chipmaker's value to $1 trillion, a rare achievement.

The New York Stock Exchange (NYSE) appeared 231 years ago, immediately changed the US market, and became the largest marketplace for buying and selling assets in the world.  Nicknamed the BigBoard, it guides all market participants. Global traders monitor the NYSE on a daily basis as it affects subsequent European and Asian exchange operations. The global economic ups and downs of the last 100 years also begin in New York. In this article, you will find out how the NYSE evolved and why everyone is watching it now.

Key events:         New Zealand – RBNZ Interest Rate Decision New Zealand – RBNZ Rate Statement      New Zealand – RBNZ Press Conference      USA – FOMC Meeting Minutes   First of all, there are enough reasons for optimism in the market, and each of them is quite convincing. China is lifting the quarantine measures imposed because of the coronavirus. This leads to improvements in supply chains and reduces pro-inflation risks.

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