US PPI

Key events:          USA - Initial Jobless Claims USA - PPI (MoM) (Oct)     USA - Crude Oil Inventories USA - Fed Chair Powell Speaks The S&P 500 inched up Wednesday as Treasury yields rebounded from session lows, despite inflation data coming in as expected, keeping a potential December rate cut in play. The Dow Jones Industrial Average rose by 47 points (0.1%), the S&P 500 gained a slight 0.02%, while the NASDAQ Composite dipped by 0.2%.

Key events: UK - GDP (MoM) (Aug) USA - PPI (MoM) (Sep) The S&P 500 finished lower on Thursday as unexpectedly strong inflation figures complicated expectations for potential Federal Reserve rate cuts. The Dow Jones Industrial Average dropped by 151 points, or 0.4%, while the S&P 500 declined 0.4%, and the NASDAQ Composite slipped by 0.2%.

Key events: Eurozone - Eurogroup Meetings USA - Michigan Consumer Sentiment (Sep)  The S&P 500 finished higher on Thursday, brushing off stronger-than-expected producer price data as investors shifted their focus to the anticipated Federal Reserve interest rate cut next week. The S&P 500 climbed 0.8%, the Nasdaq Composite gained 1%, and the Dow Jones Industrial Average increased by 235 points, or 0.6%.

Key events: Eurozone - Deposit Facility Rate (Sep) Eurozone - ECB Interest Rate Decision (Sep) USA - Initial Jobless Claims USA - PPI (MoM) (Aug) Eurozone - ECB Press Conference USA - 30-Year Bond Auction The S&P 500 trimmed its losses on Wednesday, as a tech rally led by Nvidia helped offset declining expectations for a large interest rate cut by the Federal Reserve next week. This came after data showed a slight increase in core inflation last month.

Key events: USA - NY Empire State Manufacturing Index (Mar) USA - Michigan Consumer Sentiment (Mar) Eurozone - ECB's Lane Speaks On Thursday, the Dow closed lower, halting a three-day winning streak, as investor sentiment took a hit from reports indicating higher-than-expected inflation and signs of a slowdown in consumer activity. The S&P 500 declined by 0.2%, the NASDAQ Composite fell by 0.3%, and the Dow Jones Industrial Average dropped by 0.4%, representing a decrease of 137 points.

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Key events: USA - PPI (MoM) (Sep) USA - FOMC Meeting Minutes On Tuesday, the Dow Jones closed with gains, primarily influenced by fresh comments from the Federal Reserve suggesting a potential pause in rate hikes next month. This development helped keep Treasury yields in check. The Dow Jones Industrial Average experienced a 0.6% increase, equivalent to a rise of 185 points, while the Nasdaq saw a 0.8% gain, and the S&P 500 climbed by 0.7%.

Key events:   USA - Consumer Inflation Expectations On Friday, the Dow concluded with an increase, achieving a modest weekly advancement. However, the potential for further gains was limited due to resurfacing concerns about inflation, which led to an increase in Treasury yields. These inflation worries also dampened investor expectations that the Federal Reserve would refrain from implementing interest rate hikes later in the year.

Key events:       USA – PPI (MoM) (Nov)   European markets ended the day lower yesterday as nervousness over the global slowdown was very visible, and the market is in defensive mode ahead of the weekend. In contrast, U.S. markets were able to break a five-day losing streak, ending the session higher despite further weakness in oil prices, which reached their lowest levels of the year for the second straight day. This recovery, along with a positive Asian session, looks set to translate into a positive European open.