PMI
Global Markets Navigate Volatility: Earnings, Economic Data, and Geopolitical Events Shape Trends | Daily Market Analysis
Key events: USA - Martin Luther King, Jr. Day Eurozone - Industrial Production (MoM) (Nov) Eurozone - Trade Balance (Nov) Canada - Wholesale Sales (MoM) (Nov) Canada - BoC Business Outlook Survey On Friday, US stocks closed with minimal changes, fluctuating between slight gains and losses. Mixed bank earnings offset the impact of cooler-than-expected inflation data, which had initially fueled optimism for potential interest-rate cuts from the Federal Reserve.
US Stock Indices Find Optimism in Thursday's Turnaround, Fueled by Financial Strength and Upbeat Job Data | Daily Market Analysis
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Treasury Yields Rise Amid Fed's Interest Rate Outlook; BoE and BoJ Maintain Policies | Daily Market Analysis
Key events: USA - S&P Global Services PMI (Sep) US stocks faced a decline, while Treasury yields rose following the Federal Reserve's indication of maintaining higher interest rates, including a potential increase later this year. Interest rate-sensitive mega-cap stocks, notably Amazon.com (NASDAQ: AMZN), Nvidia Corp (NASDAQ: NVDA), Apple Inc (NASDAQ: AAPL), and Alphabet (NASDAQ: GOOGL) Inc, exerted downward pressure on the S&P 500 and Nasdaq, pushing them to their lowest closing levels since June.
Global Stock Indices Decline Amidst Robust US Services Data, Dollar Hits Six-Month High | Daily Market Analysis
Key events: USA - Initial Jobless Claims USA - Crude Oil Inventories On Wednesday, global stock indices faced a decline, while the benchmark US Treasury yield saw an increase, and the US dollar reached a six-month high. This was prompted by robust US services sector data, which suggested that inflation pressures are persisting.
Global Markets Face Mixed Sentiment Amid Economic Concerns and Central Bank Focus | Daily Market Analysis
Key events: Australia - RBA Interest Rate Decision (Sep) Eurozone - ECB President Lagarde Speaks USA - Factory Orders (MoM) (Jul) Eurozone - ECB's De Guindos Speaks In the evening hours of Monday, US stock futures exhibited a mixed trend, as the major indices were closed for the Labor Day public holiday. Dow Jones Futures and S&P 500 Futures both experienced a 0.1% decline, whereas Nasdaq 100 Futures remained flat.
US Stock Futures Hold Steady Amid Positive Week and Holiday Closure, Fed Rate Pause Expectations | Daily Market Analysis
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Mixed Signals and Rate Speculations Dominate Investor Sentiment | Daily Market Analysis
Key events: Canada - New Housing Price Index (MoM) (Jul) On Friday, the US stock market presented a mixed picture, reflecting a situation where signs of resilience in the US economy are simultaneously fueling concerns about the prolonged maintenance of elevated interest rates. The Dow Jones Industrial Average demonstrated a modest rise of 30 points, equivalent to a 0.1% increase. Conversely, the S&P 500 experienced a slight dip of 0.2%, and the NASDAQ Composite saw a more notable decrease of 0.5%.
Global Markets React to Economic Concerns and Fed's Rate Hike Speculations as Gold Prices Decline | Daily Market Analysi
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Dow Ends with Decline as Fed Signals Interest Rate Hikes; Tech Giants Surge Ahead of Twitter Rival Launch | Daily Market Analysis
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US Stocks Trim Early Gains as Apple Outlook and Economic Data Weigh on Investors; Bitcoin Stabilizes Within Range After Weekend Gains | Daily Market Analysis
Key events: Australia - RBA Interest Rate Decision (Jun) Australia - RBA Rate Statement UK - Construction PMI (May) Canada - Ivey PMI (May) USA - EIA Short-Term Energy Outlook US stocks edged lower on Monday, trimming early gains, as investors weighed the near-term outlook for Apple while sifting through the economic data and plotting the slope for the Fed's final glide path as we near the end of their aggressive rate hike cycle.
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