FOMC meeting

Key events: USA - Core CPI (MoM) (Oct) USA - CPI (MoM) (Oct) USA - CPI (YoY) (Oct) USA - FOMC Member Kashkari Speaks USA - FOMC Member Williams Speaks On Tuesday, the S&P 500 closed lower, taking a pause from its recent upward momentum as surging Treasury yields weighed on the market ahead of key inflation data due Wednesday.

Key events: USA - Core CPI (MoM) (Sep) USA - CPI (YoY) (Sep) USA - CPI (MoM) (Sep) USA - Initial Jobless Claims USA - 30-Year Bond Auction The S&P 500 closed higher on Wednesday as investors continued to analyze signals from the Federal Reserve regarding future interest rate moves, ahead of important inflation data and Tesla’s robotaxi event. The Dow Jones Industrial Average gained 431 points (1%), the S&P 500 rose 0.7%, and the NASDAQ Composite added 0.5%.

Key events: USA - Crude Oil Inventories USA - 10-Year Note Auction USA - FOMC Meeting Minutes The stock market closed on a strong note, with tech stocks driving gains, notably led by Nvidia, as the third-quarter earnings season got underway. The Dow Jones Industrial Average climbed 126 points, or 0.3%, while the S&P 500 saw a rise of 1%, and the NASDAQ Composite surged by 1.4%.

Key events: UK - CPI (YoY) (Aug) Eurozone - CPI (YoY) (Aug) USA - Crude Oil Inventories USA - FOMC Economic Projections USA - FOMC Statement USA - Fed Interest Rate Decision USA - FOMC Press Conference US stocks remained mostly unchanged on Tuesday, despite an upbeat retail sales report that eased concerns about a significant economic downturn ahead of the Federal Reserve's upcoming policy meeting.

Key events: Eurozone - ECB McCaul Speaks USA - Core Retail Sales (MoM) (Aug) USA - Retail Sales (MoM) (Aug) Eurozone - ECB's Elderson Speaks  US stocks traded in mixed territory on Monday as investors awaited this week’s Federal Reserve meeting, where the central bank is expected to begin a cycle of rate cuts.

Key events: UK - Employment Change 3M/3M (MoM) (Jul) UK - Unemployment Rate (Jul) Eurozone - EU Economic Forecasts Canada - BoC Gov Macklem Speaks USA - Fed Vice Chair for Supervision Barr Speaks The S&P 500 rallied on Monday, recovering from its steepest weekly decline since 2023, as investors reacted to Apple's latest AI-powered iPhones and anticipated this week's inflation data.

Key events: USA - Initial Jobless Claims USA - S&P Global US Manufacturing PMI (Aug) USA - S&P Global Services PMI (Aug) USA - Existing Home Sales (Jul) Global stocks took a breather on Wednesday after a prolonged rally brought them close to recent record levels. Investors are now focused on upcoming signals from the Federal Reserve regarding potential interest rate cuts to guide their next steps.

Key events: Eurozone - CPI (YoY) (Jul) USA - FOMC Member Bostic Speaks USA - Fed Vice Chair for Supervision Barr Speaks The S&P 500 advanced on Monday as concerns about a potential recession continued to diminish, setting the stage for a significant week with the Federal Reserve's release of July meeting minutes. Investors are also anticipating insights from Fed Chairman Jerome Powell at the Jackson Hole central bank symposium on Friday, which could offer clues on future monetary policy directions.

Key events: USA - Fed Waller Speaks USA - US Leading Index (MoM) (Jul) The S&P 500 closed higher on Friday, marking its strongest week of the year as easing economic concerns spurred a wave of dip buying in stocks after recent market turbulence. The Dow Jones Industrial Average climbed 96 points, or 0.1%, while the S&P 500 and NASDAQ Composite each gained 0.2%.

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