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.
US Stocks Rise on Rate Hike Speculation and Debt Ceiling Relief; Nasdaq Hits 13-Month High, Gold Declines | Daily Market Analysis
Key events: UK - Composite PMI (May) UK - Services PMI (May) USA - Services PMI (May) USA - ISM Non-Manufacturing PMI (May) US stocks ended the week on a positive note as investors reacted to several key developments. A labor market report revealing slower wage growth in May suggested that the Federal Reserve might delay a potential interest rate hike in the coming weeks. Additionally, a deal in Washington to avert a disastrous debt default was well-received by market participants.
US Stocks Fall, Dollar Weakens as Debt Ceiling Talks Pause; European Shares Rise; RBNZ Rate Hike Ahead | Daily Market Analysis
Key events: China - PBoC Loan Prime Rate USA - FOMC Member Bullard Speaks USA - FOMC Member Bostic Speaks On Friday, US stocks closed lower, and the dollar weakened as discussions to raise the US debt ceiling were suspended. This development unsettled market participants as the deadline to avoid default approached over the weekend.
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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