Key events this week: Wednesday, April 9, 2025 New Zealand - RBNZ Interest Rate Decision USA - Crude Oil Inventories USA - 10-Year Note Auction USA - FOMC Meeting Minutes Thursday, April 10, 2025 USA - Core CPI (MoM) (Mar) USA - CPI (YoY) (Mar) USA - CPI (MoM) (Mar) USA - Initial Jobless Claims USA - 30-Year Bond Auction Friday, April 11, 2025

Key events: Eurozone - ECB's Schnabel Speaks UK - BoE MPC Member Pill Speaks USA - CB Consumer Confidence (Feb) The S&P 500 slid on Monday, weighed down by a sell-off in tech stocks, with Nvidia leading the decline ahead of its earnings report later this week. The Nasdaq Composite dropped 1.2%, while the S&P 500 fell 0.5%. Meanwhile, the Dow Jones Industrial Average managed to inch up by 33 points, or 0.1%, as defensive sectors offered some support.

Key events: Eurozone - ECB's De Guindos Speaks UK - BoE MPC Member Mann Speaks Eurozone - CPI (YoY) (Apr) USA - Fed Kashkari Speaks USA - Fed Waller Speaks USA - FOMC Member Daly Speaks Thursday marked a reversal for the Dow, halting a two-day winning streak, even as it briefly surpassed the historic 40,000 milestone for the first time, amidst considerations of a resurgence in Treasury yields and Walmart's rally.

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Key events:  Eurozone - CPI (YoY) (Oct) USA - Building Permits (Oct) On Thursday, US stocks experienced a decline, driven by a downturn in Walmart and concerns about the economy amidst a series of economic data that mostly fell below expectations. The Dow Jones Industrial Average saw a decrease of 143 points, or 0.2%, with the S&P 500 and NASDAQ Composite both down 0.1%.

Key events: UK - GDP (YoY) (Q2) UK - GDP (MoM) (Jun) UK - GDP (QoQ) (Q2)   USA - PPI (MoM) (Jul) The Dow Jones Industrial Average concluded with gains on Thursday, buoyed by a surge in Disney shares that helped recover much of its earlier losses, even as climbing Treasury yields cast a shadow over market sentiment. This occurred alongside the release of data indicating further signs of abating inflation.