Swiss National Bank

Key events: Canada - BoC Gov Macklem Speaks Eurozone - ECB's De Guindos Speaks The Nasdaq closed higher Friday as tech stocks continued to rally, driven by investor enthusiasm ahead of a crucial week for earnings in the sector. The NASDAQ Composite rose 0.6% to close at 18,519.36, approaching its record close of 18,647.45. Earlier in the session, it reached an intraday high of 18,690.01. The Dow Jones Industrial Average, however, lost 260 points, or 0.6%, while the S&P 500 remained largely unchanged.

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: USA - GDP (QoQ) (Q1) USA - Initial Jobless Claims Wednesday saw the S&P 500 managing a slight uptick, albeit amid pressure from climbing Treasury yields and softness in industrial sectors. However, a surge in Tesla shares bolstered the tech sector ahead of looming earnings reports from major tech players. The S&P 500 inched up by 0.02%, while the NASDAQ Composite advanced by 0.1%. Conversely, the Dow Jones Industrial Average dipped by 0.1%, or 42 points.

Key events: USA - Fed Chair Powell Speaks  Eurozone - ECB's Lane Speaks USA - FOMC Member Bostic Speaks US stocks continued their ascent on Thursday, extending the record-breaking streak following the Federal Reserve's adherence to its projections of implementing at least three rate reductions this year. Dow Jones Industrial Average surged by 294 points, or 0.8%, while the S&P 500 advanced by 0.4%, and the NASDAQ Composite edged up by 0.2%.

Key events: Japan - GDP (QoQ) (Q4) UK - BoE MPC Member Mann  On Friday, the S&P 500 and Nasdaq experienced a decline after reaching record highs earlier in the session. High-flying chip stocks reversed course, and a mixed labor market report, featuring more new jobs than anticipated coupled with a rising unemployment rate, contributed to the market's retreat.

Key events: Eurozone - ECB's De Guindos Speaks Australia - Retail Sales (MoM) (Dec) The S&P 500 concluded a five-session streak of record highs on Friday, marked by Intel (NASDAQ: INTC) slumping following a grim revenue forecast, and US economic data indicating moderated inflation. Despite both the S&P 500 and Nasdaq closing lower, all three major indexes logged their third straight weekly gain and their 12th weekly advance out of 13.

Key events:  Canada, UK, Australia, New Zealand - Boxing Day US stocks experienced a mixed close on Friday as investors approached the Christmas holiday weekend. The market showed fluctuations after absorbing inflation data that was milder than anticipated, solidifying expectations for Federal Reserve interest rate cuts in the upcoming year.

Key events: Eurozone - EU Leaders Summit USA - S&P Global Services PMI (Dec) On Thursday, US stocks experienced an upward surge, building on the strong gains from the previous session. This was prompted by the Federal Reserve's indication of upcoming interest rate cuts in the next year, along with a rebound in retail sales. The Dow Jones Industrial Average showed a 105-point increase, equivalent to 0.3%. The S&P 500 index traded 24 points, or 0.5%, higher, while the NASDAQ Composite climbed by 88 points, or 0.6%.

Key events: USA - Core CPI (MoM) (Nov) USA - CPI (YoY) (Nov) USA - CPI (MoM) (Nov) USA - 30-Year Bond Auction On Monday, the Dow recorded an increase, extending recent positive trends as investors anticipated a significant week marked by pivotal events, including the release of fresh inflation data and the Federal Reserve's scheduled two-day meeting on Tuesday.

Key events: USA - Juneteenth Eurozone - ECB's Lane Speaks Eurozone - ECB's Schnabel Speaks The S&P 500 closed lower on Friday due to the influence of market heavyweights like Microsoft, following comments from two Federal Reserve officials that dampened optimism regarding the central bank's imminent completion of aggressive interest rate hikes.