The Fed Funds
US Treasury Yields Soar to 10-Year High, Nasdaq Surges Over 1%, and European Equities Rebound Amid Fed Meeting Anticipation | Daily Market Analysis
Key events: USA - Existing Home Sales (Jul) US Treasury yields reached their highest point in a decade, European equities rebounded from a six-week low, and the Nasdaq surged over 1% on Monday, with investors anticipating the upcoming Federal Reserve meeting in Jackson Hole, Wyoming, scheduled for Friday. The trading session on Wall Street displayed mixed results: the Dow Jones Industrial and the S&P 500 relinquished their early gains, while the technology-focused Nasdaq Composite ascended, buoyed by optimism surrounding earnings.
Jobs Report Signals Fed Rate Hike in March | Daily Market Analysis
Key events: Eurozone - Eurogroup Meetings The U.S. economy created 311,000 new non-farm jobs in the second month of 2023, according to data released on March 10 by the Labor Department. The figure was markedly higher than economists' consensus forecasts, which had suggested an increase of 225,000 jobs. January's job growth was revised slightly downward: from +517,000 to +504,000 jobs.
Inflation Data and Central Bank Meetings in the Spotlight | Daily Market Analysis
Key events: UK – Average Earnings Index +Bonus (Oct) UK – Claimant Count Change (Nov) UK – BoE Gov Bailey Speaks USA – Core CPI (MoM) (Nov) USA – CPI (YoY) (Nov) USA – CPI (MoM) (Nov)
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