This Week's Focus - SVB Сollapse Consequences and Inflation | Daily Market Analysis
Key events:
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.
The Week Ahead: Central Banks Are in the Spotlight | Daily Market Analysis
Key events: Australia – Retail Sales (MoM) (Dec) Canada – GDP (MoM) (Nov) USA – CB Consumer Confidence (Jan) New Zealand – Employment Change (QoQ) (Q4) Central banks will be in focus this week with meetings of the U.S. Federal Reserve (Fed), European Central Bank (ECB), and Bank of England (BoE), each expected to keep raising rates.
What to Look Out For This Week: Inflation and Corporate Reports | Daily Market Analysis
Key events: USA – Fed Chair Powell Speaks USA – EIA Short-Term Energy Outlook