US Stocks Surge as Treasury Yields Dip Amid Fed Rate Pause Expectations; UK's BoE Maintains Rates Unchanged | Daily Market Analysis
Key events: USA - Average Hourly Earnings (MoM) (Oct) USA - Nonfarm Payrolls (Oct) USA - Unemployment Rate (Oct) USA - S&P Global Services PMI (Oct) USA - ISM Non-Manufacturing PMI (Oct) USA - ISM Non-Manufacturing Prices (Oct) On Thursday, US stocks surged as Treasury yields dipped, reflecting the belief that the Federal Reserve has paused interest rate hikes following two consecutive meetings where it maintained the benchmark rate.
Markets React to Geopolitical Tensions and Tech Earnings Projections | Daily Market Analysis
Key events: Australia - RBA Assist Gov Bullock Speaks Eurozone - ECB President Lagarde Speaks USA - S&P Global Services PMI (Oct) On Friday, the stock market experienced a decline as investors turned to safe-haven assets like gold and Treasurys due to concerns about the ongoing conflict between Israel and Hamas, which is approaching its third week and has the potential to escalate into a larger conflict.
US Stock Indices Soar on Earnings Optimism, Risk-Tolerant Investor Sentiment | Daily Market Analysis
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Wall Street Ends Positively Amidst Treasury Yield Pause and Inflation Anticipation; Gold and Eurozone Inflation Data Create Market Ripples | Daily Market Analysis
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S&P 500's Volatile Climb Amidst Rising Rates and Global Uncertainties | Daily Market Analysis
Key events: USA - GDP (QoQ) (Q2) USA - Initial Jobless Claims USA - Pending Home Sales (MoM) (Aug) On Wednesday, the S&P 500 managed to secure a marginal uptick in a volatile trading session. Investors found themselves in a dilemma, contemplating whether it was the right time to seek out undervalued opportunities following a recent market downturn driven by soaring Treasury yields and uncertainty surrounding future interest rate trajectories.
US Stocks Extend September Slide Amid Fed Hawkishness and Shutdown Fears; European Markets Follow Suit | Daily Market Analysis
Key events: USA - Core Durable Goods Orders (MoM) (Aug) USA - Crude Oil Inventories US stocks continued their decline on Tuesday, extending losses for the month. Concerns among investors persist about the possibility of interest rates remaining elevated for an extended period and the potential impact of a government shutdown.
Fluctuating Wall Street Indices, Rising Energy Stocks, and Monetary Anticipation | Daily Market Analysis
Key events: Eurozone - CPI (YoY) (Aug) USA - Building Permits (Aug) On Monday, the primary stock market indices on Wall Street experienced fluctuating movements, with energy stocks tracking the rising prices of crude oil. Investors were also in anticipation of the Federal Reserve's upcoming interest rate decision. Among the sectors in the S&P 500, energy emerged as the top gainer, advancing by 1.1%, reflecting the firming of crude oil prices, which approached the $95-per-barrel threshold due to supply constraints.
Markets React to Economic Concerns and Apple's China Challenge While Awaiting US Inflation Data | Daily Market Analysis
Key events: UK - BoE MPC Member Pill Speaks USA - 3-Year Note Auction On Friday, the S&P 500 managed to eke out a slight gain, although it ended well below its peak for the session. Unfortunately, all three of Wall Street's major indices posted weekly declines as investors grappled with concerns about interest rates and anxiously awaited forthcoming US inflation data.
Global Stock Markets React to Apple's Plunge, US Economic Indicators, and Currency Trends | Daily Market Analysis
Key events: Japan - GDP (QoQ) (Q2) Canada - Employment Change (Aug) Canada - Unemployment Rate (Aug) On Thursday, global stock indices predominantly experienced declines, notably the S&P 500 and Nasdaq, which registered drops attributed to Apple's (NASDAQ: AAPL) performance. Concurrently, the US dollar gained ground following the release of US jobless claims data that fell short of expectations.
Global Stock Indices Decline Amidst Robust US Services Data, Dollar Hits Six-Month High | Daily Market Analysis
Key events: USA - Initial Jobless Claims USA - Crude Oil Inventories On Wednesday, global stock indices faced a decline, while the benchmark US Treasury yield saw an increase, and the US dollar reached a six-month high. This was prompted by robust US services sector data, which suggested that inflation pressures are persisting.