FOMC meeting page 2

In the intricate web of global financial markets, few events hold as much sway over investor sentiment and market dynamics as the Federal Open Market Committee (FOMC) meetings. These gatherings, conducted by the United States Federal Reserve, transcend the realm of routine policy discussions. They wield the power to set the tone for economic growth, interest rates, and the overall direction of financial markets not only in the United States but also reverberating across the globe.

Key events: USA - FOMC Member Harker Speaks     USA - Exports USA - Imports USA - Trade Balance (Jun) USA - EIA Short-Term Energy Outlook On Monday, Wall Street made gains, overcoming early volatility that followed a relatively lackluster performance last week. Investors opted to build positions ahead of the eagerly anticipated US inflation report scheduled for Thursday.

Key events: USA - FOMC Member Harker Speaks      USA - FOMC Member Bowman Speaks      UK - BoE MPC Member Pill Speaks   European markets experienced modest gains on Friday, providing a slight reprieve at the end of an overall negative week. Market sentiment was weighed down by concerns over earnings guidance downgrades and rising long-term yields.

Key events:      USA - Core Retail Sales (MoM) (Jun)     USA - Retail Sales (MoM) (Jun)               On Monday, the Dow closed higher, with technology and financial sectors leading the way. Investors were eagerly anticipating quarterly results from major Wall Street banks and corporations later in the week. However, the gains in the broader market were somewhat limited by a stumble in the telecom sector.

Key events: USA - FOMC Meeting Minutes                      During Monday's evening deals, US stock futures exhibited a mixed pattern after a shortened regular session. Tesla Inc (NASDAQ: TSLA) experienced a notable surge of 6.9% due to better-than-expected delivery and production figures.

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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.

Key events:         UK – Retail Sales (MoM) (Jan) This week we saw a lot of important economic data updates for the market. The most important of them was data on inflation, both consumer and industrial. The picture, as it may seem at first sight, is rather bad for risky instruments, but the market is holding on, and in some places, it is even growing. So has the U.S. economy lost its influence on the stock market? New Economic Data On Tuesday we were presented with new data on consumer inflation.

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Key events:       Australia – Retail Sales (MoM) (Dec)   Canada – GDP (MoM) (Nov) USA – CB Consumer Confidence (Jan)   New Zealand – Employment Change (QoQ) (Q4)  U.S. stocks are steadily declining Monday as last week's momentum wears off ahead of this week's week of important central bank meetings. Another critical Fed meeting is looming, which could prompt some investors to position for a "higher rates for longer" regime as recession fears ease and global growth shows signs of picking up again.