Chairman Jerome Powell page 2

Tech Sector Woes and Fed Rate Expectations Amid Treasury Yield Surge Shake Markets  |  Daily Market Analysis

Key events:  Eurozone - Deposit Facility Rate (Oct) Eurozone - ECB Interest Rate Decision (Oct) USA - Core Durable Goods Orders (MoM) (Sep) USA - GDP (QoQ) (Q3)     USA - Initial Jobless Claims Eurozone - ECB Press Conference USA - Pending Home Sales (MoM) (Sep) On Wednesday, US stock indices experienced a decline, primarily due to the increasing Treasury yields and the drag on the tech sector caused by Alphabet's disappointing quarterly results in its cloud business.

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Tech Sector Pressure and Rising Yields Lead Dow's Wednesday Plunge  | Daily Market Analysis

Key events: USA - Initial Jobless Claims USA - Philadelphia Fed Manufacturing Index (Oct) USA - Existing Home Sales (Sep) USA - Fed Chair Powell Speaks USA - FOMC Member Bostic Speaks The Dow closed in negative territory on Wednesday as Nvidia continued to put pressure on the tech sector for a second consecutive day while rising Treasury yields added to the downward pressure on stocks.

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US Stock Indices Soar on Earnings Optimism, Risk-Tolerant Investor Sentiment | Daily Market Analysis

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​​​​​​​Global Markets Nervous Amid Rising Tensions in Gaza, Bank Results, and Economic Data | Daily Market Analysis

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.

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Wall Street Ends Positively Amidst Treasury Yield Pause and Inflation Anticipation; Gold and Eurozone Inflation Data Create Market Ripples | Daily Market Analysis

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S&P 500's Volatile Climb Amidst Rising Rates and Global Uncertainties | Daily Market Analysis

Key events: USA - GDP (QoQ) (Q2) USA - Initial Jobless Claims USA - Pending Home Sales (MoM) (Aug) On Wednesday, the S&P 500 managed to secure a marginal uptick in a volatile trading session. Investors found themselves in a dilemma, contemplating whether it was the right time to seek out undervalued opportunities following a recent market downturn driven by soaring Treasury yields and uncertainty surrounding future interest rate trajectories.

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Dow Falls Amid Rising Treasury Yields, Dollar Surges After Fed Decision; Bank of England Faces Tough Rate Decision | Daily Market Analysis

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Wall Street Ends Positively Amid 3M and Goldman Sachs Advances Ahead of Key Data Releases | Daily Market Analysis

Key events: USA - CB Consumer Confidence (Aug)   USA - JOLTs Job Openings (Jul) On Monday, Wall Street concluded on a positive note, driven by advancements in 3M and Goldman Sachs, just ahead of significant inflation and jobs data scheduled for release this week. This data holds the potential to provide greater insights into the future direction of the Federal Reserve's interest rates.

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US Stocks Struggle Amid Mixed Signals; Focus Shifts to Inflation and Employment Data | Daily Market Analysis

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US Stock Indices Slide Over 1% Amid Nasdaq's Notable Drop, Ahead of Powell's Speech | Daily Market Analysis

Key events:   USA - Fed Chair Powell Speaks On Thursday, all three major US stock indices concluded with declines exceeding 1% each. The Nasdaq experienced the most significant drop due to recent substantial gains, while investor apprehension loomed ahead of Federal Reserve Chair Jerome Powell's scheduled speech on Friday.

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