Market Rally Pauses as S&P 500 Drops; Energy Stocks Tumble Amid Ceasefire Uncertainty and Jackson Hole Anticipation | Daily Market Analysis
Key events: USA - Crude Oil Inventories USA - FOMC Meeting Minutes The S&P 500 ended its eight-day winning streak, weighed down by declines in energy stocks and cautious trading ahead of the Jackson Hole Symposium, where insights into future monetary policy are anticipated. The Dow Jones Industrial Average dipped by 61 points, or 0.2%, while the S&P 500 also dropped 0.2% and the NASDAQ Composite slid 0.4%.
S&P 500 Sees Biggest Gain Since February as Fed Holds Rates Steady, Hints at Possible Cut | Daily Market Analysis
Key events: UK - BoE Interest Rate Decision (Aug) USA - Initial Jobless Claims USA - S&P Global US Manufacturing PMI (Jul) USA - ISM Manufacturing PMI (Jul) USA - ISM Manufacturing Prices (Jul) The S&P 500 experienced its largest gain since February on Wednesday after the Federal Reserve decided to keep interest rates unchanged, hinting at a possible rate cut in September.
S&P 500 Hits Fifth Consecutive Record High Amidst Fed Chair Powell's Testimony and Rate Cut Speculation | Daily Market Analysis
Key events: USA - Fed Chair Powell Testifies USA - Crude Oil Inventories USA - 10-Year Note Auction USA - FOMC Member Bowman Speaks USA - Fed Goolsbee Speaks The S&P 500 closed at a record high for the fifth consecutive session on Tuesday as Federal Reserve Chair Jerome Powell's testimony didn't deter investors from expecting a rate cut in September.
S&P 500 Sets Fourth Consecutive Record High as Markets Eye Fed Testimony and Inflation Data | Daily Market Analysis
Key events: USA - Fed Vice Chair for Supervision Barr Speaks USA - Fed Chair Powell Testifies USA - Treasury Secretary Yellen Speaks USA - FOMC Member Bowman Speaks The S&P 500 extended its record streak on Monday, closing at all-time highs for the fourth consecutive session despite cautious sentiment ahead of Federal Reserve Chair Jerome Powell's testimony to Congress and key inflation data expected this week.
NASDAQ Hits Record Highs Despite Inflation Concerns: Powell's Reassurances Boost Market Sentiment | Daily Market Analysis
Key events: USA - Core CPI (MoM) (Apr) USA - Core Retail Sales (MoM) (Apr) USA - CPI (YoY) (Apr) USA - CPI (MoM) (Apr) USA - Retail Sales (MoM) (Apr) USA - Crude Oil Inventories Tuesday saw the Nasdaq soaring to new heights, disregarding concerns raised by a higher-than-expected inflation report, as Federal Reserve Chairman Jerome Powell reassured that the existing interest rate levels are effectively curbing inflation.
Fed Signals Potential Rate Cuts, Currencies Eye Interest Rate Cut Speculations | Daily Market Analysis
Key events: USA - Initial Jobless Claims USA - Trade Balance (Feb) USA - FOMC Member Mester Speaks On Wednesday, the S&P 500 managed to secure a modest gain, buoyed by Federal Reserve Chairman Jerome Powell's remarks hinting at potential rate cuts later this year. Powell's comments alleviated concerns among investors who feared a more hawkish stance from the Fed chief in light of the recent robust economic performance.
Global Markets Primed for New Quarter: Eyes on Inflation, Monetary Policy, and Safe-Haven Assets | Daily Market Analysis
Key events: USA - S&P Global US Manufacturing PMI (Mar) USA - ISM Manufacturing PMI (Mar) USA - ISM Manufacturing Prices (Mar) As the new quarter kicks off, Asian markets prepare to embark on a promising trajectory, bolstered by indications of a gradual easing in US inflation data last Friday and positive macroeconomic figures from China over the weekend. Notably, both the manufacturing and service sectors exhibited an uptick in the closely monitored PMI prints.
Fed's Rate Cut Projections Boost Stocks, Gold Holds Firm Amid Geopolitical Tensions | Daily Market Analysis
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Global Markets React to Powell's Rate Cut Signals: US Stocks Soar, Currencies Fluctuate, and BoJ's Policy Shift Boosts Japanese Yen | Daily Market Analysis
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Global Indices Dip, Apple Faces Challenges, Fed Chair's Testimony Anticipated | Daily Market Analysis
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