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 - CB Consumer Confidence (Aug) The Dow ended Monday at record highs as cyclical stocks, particularly financials, gained momentum, reflecting a shift away from tech stocks in anticipation of a widely expected Federal Reserve rate cut next month. The Dow Jones Industrial Average climbed 0.16%, or 65 points, to a new record of 41,240.52. Meanwhile, the NASDAQ Composite dropped 0.8%, and the S&P 500 declined by 0.3%.

Key events: USA - Core Retail Sales (MoM) (Jun) USA - Retail Sales (MoM) (Jun) The Dow closed at record highs on Monday, driven by increased expectations for a September rate cut following comments from Fed Chief Jerome Powell, who expressed greater confidence due to recent inflation data. The Dow Jones Industrial Average climbed 210 points, or 0.5%, to a record closing high of 40,211.72. The S&P 500 rose 0.3%, hitting a fresh intraday record of 5,667.06, and the NASDAQ Composite gained 0.4%.

Key events: Australia - RBA Interest Rate Decision (Jun) Eurozone - CPI (YoY) (May) USA - Core Retail Sales (MoM) (May) USA - Retail Sales (MoM) (May) The S&P 500 closed at a new all-time high on Monday, overcoming rising Treasury yields as technology stocks continued their upward trajectory, supported by ongoing discussions from the Federal Reserve and anticipation of key economic data due later this week.

Key events: UK - Employment Change 3M/3M (MoM) (Apr) UK - Unemployment Rate (Apr) Eurozone - ECB's Lane Speaks USA - 10-Year Note Auction The S&P 500 and Nasdaq closed at new record highs on Monday, as the technology sector led the charge just before the Federal Reserve's interest rate decision and upcoming inflation data. The S&P 500 increased by 0.3% to reach a record 5,362.70, while the NASDAQ Composite climbed 0.4%, and the Dow Jones Industrial Average added 69 points, or 0.2%.

Key events: USA - Average Hourly Earnings (MoM) (May) USA - Nonfarm Payrolls (May) USA - Unemployment Rate (May) The S&P 500 paused on Tuesday but remained near record highs as investors assessed signs of a cooling labor market, just a day before the critical monthly US jobs report. The Dow Jones Industrial Average edged up 0.1%, while the S&P 500 and NASDAQ Composite both dipped 0.1%.

Key events: USA - FOMC Member Williams Speaks USA - Beige Book Tuesday saw the Nasdaq reaching a historic high, surpassing the 17,000 mark for the first time ever. However, the index relinquished some of its gains later in the session as Apple's rally waned, though the strength in Nvidia helped mitigate downward pressure.

Key events: Eurozone - HCOB Eurozone Services PMI (Apr) Switzerland - SNB Board Member Jordan Speaks USA - FOMC Member Williams Speaks The S&P 500 experienced a robust surge on Friday, driven by a notable uptick in tech stocks led by Apple. This rally coincided with the release of data indicating that job gains in April fell short of expectations, fueling speculation that the Federal Reserve might initiate interest rate cuts sooner rather than later.

Key events: USA - Average Hourly Earnings (MoM) (Apr) USA - Nonfarm Payrolls (Apr) USA - Unemployment Rate (Apr) USA - S&P Global Services PMI (Apr) USA - ISM Non-Manufacturing PMI (Apr) USA - ISM Non-Manufacturing Prices (Apr) Thursday saw the S&P 500 closing on a positive note, with the tech sector leading the gains, while investors continued to analyze a multitude of corporate earnings ahead of the significant monthly jobs report scheduled for Friday.

Key events: Eurozone - CPI (YoY) (Apr) USA - Chicago PMI (Apr) USA - CB Consumer Confidence (Apr) Monday saw a positive close for the S&P 500, buoyed by notable performances from Tesla and Apple as the quarterly earnings season continues its momentum, just on the eve of the impending Federal Reserve meeting. The S&P 500 index edged up by 0.3%, accompanied by a 0.4% rise in the NASDAQ Composite, while the Dow Jones Industrial Average climbed by 0.4%, adding 146 points to its tally.