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US Consumer Confidence Drops to Record Low, Sparking Concerns of Impending Recession | Daily Market Analysis
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Fed Policy Statement Causes Market Decline, ECB to Increase Rates | Daily Market Analysis
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Wall Street Holds Flat Amid Uncertainty Over Fed Interest Rates | Daily Market Analysis
Key events: UK – CPI (YoY) (Mar) Eurozone – CPI (YoY) (Mar) USA – Crude Oil Inventories On Tuesday, Wall Street closed almost flat as investors evaluated statements from US Federal Reserve officials. While the CBOE Volatility Index (VIX) hit its lowest level since January 2022 at just under 17, stock prices failed to respond positively. This indicates that investors may be holding onto cash amid uncertainty surrounding the Federal Funds rate peak.
Busy Week for Investors: CPI, Earnings & Fed Minutes
Key events: USA – EIA Short-Term Energy Outlook This week, investors have a lot of economic data to consider, including the upcoming release of March's consumer price index and producer price index on Wednesday and Thursday, respectively. Based on these reports, it will become clearer whether the Fed will continue raising interest rates or halt its campaign. Although most investors expect the Fed to continue tightening its monetary policy, the possibility of a pause should not be dismissed.
Global Markets End Q1 On a High Despite Banking Turmoil | Daily Market Analysis
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This Week's Focus - SVB Сollapse Consequences and Inflation | Daily Market Analysis
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Precious Metals Tumble After Powell's Speech | Daily Market Analysis
Key events: Eurozone - ECB President Lagarde Speaks USA - ADP Nonfarm Employment Change (Feb) USA - Fed Chair Powell Testifies USA - JOLTs Job Openings (Jan) Canada - BoC Interest Rate Decision USA - Crude Oil Inventories Precious metals seem to be losing their luster after U.S. Federal Reserve Chairman Jerome Powell stepped up the rhetoric about rate hikes in his semi-annual testimony before lawmakers Tuesday.
U.S. Stock Indices Plunge During the Last Week | Daily Market Analysis
Key events: USA – Core Durable Goods Orders (MoM) (Jan) USA – Pending Home Sales (MoM) (Jan) U.S. stock indices tumbled Friday on reports of continued high inflation in the country. The Dow Jones Industrial Average fell 336.99 points (1.02%) to 32816.92 points. Microsoft Corp (NASDAQ: MSFT) shares were the leaders among the index components, falling 2.2% besides Boeing.
US Retail Sales Data Fails to Add Any Clarity | Daily market Analysis
Key events: Australia – Employment Change (Jan) USA – Building Permits (Jan) USA – Initial Jobless Claims USA – Philadelphia Fed Manufacturing Index (Feb) USA – PPI (MoM) (Jan) The U.S. stock market ended Wednesday's trading on the plus with growth in the last hour of the session. Traders tried to assess the next batch of statistical data on the U.S. economy and draw conclusions as to what they could mean for the further policy direction of the Federal Reserve System.