Middle East war
Dow Hits Historic 40,000 Milestone Amidst Upbeat Earnings and Rate Cut Optimism | Daily Market Analysis
Key events: UK - BoE MPC Member Broadbent Speaks USA - FOMC Member Bostic Speaks USA - Fed Vice Chair for Supervision Barr Speaks USA - Fed Waller Speaks USA - FOMC Member Mester Speaks Friday saw the Dow achieving a historic milestone, surpassing 40,000 for the first time ever. This achievement marked a fifth consecutive week of gains, fueled by optimism surrounding potential rate cuts and predominantly positive quarterly earnings reports from corporations, igniting bullish sentiment in the stock market.
US Stocks Retreat Amidst Rising Treasury Yields, Netflix Earnings Awaited; Middle East Tensions Fuel Safe-Haven Demand | Daily Market Analysis
Key events: UK - MPC Member Ramsden Speaks UK - BoE MPC Member Mann Speaks USA - Fed Goolsbee Speaks US stocks experienced a reversal on Thursday, relinquishing earlier gains as investors assessed the implications of rising treasury yields amidst diminishing hopes for imminent rate cuts. Concurrently, anticipation mounted ahead of quarterly earnings reports from streaming giant Netflix.
Stocks Surge to New Peaks as S&P 500 Hits Record High; GBP/USD Dips in Anticipation of UK CPI Figures | Daily Market Analysis
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Markets Rebound Despite Israel's Gaza Incursion; Earnings Updates and Central Bank Decisions in Focus | Daily Market Analysis
Key events: China - Manufacturing PMI (Oct) Eurozone - CPI (YoY) (Oct) USA - CB Consumer Confidence (Oct) Despite Israel's initial steps into Gaza, European markets have had a positive start to the week. The limited and gradual nature of these actions seems to be easing concerns about potential escalations leading to a new front opening on Israel's northern border with Lebanon and Hezbollah.
Tech Sector Woes and Fed Rate Expectations Amid Treasury Yield Surge Shake Markets | Daily Market Analysis
Key events: Eurozone - Deposit Facility Rate (Oct) Eurozone - ECB Interest Rate Decision (Oct) USA - Core Durable Goods Orders (MoM) (Sep) USA - GDP (QoQ) (Q3) USA - Initial Jobless Claims Eurozone - ECB Press Conference USA - Pending Home Sales (MoM) (Sep) On Wednesday, US stock indices experienced a decline, primarily due to the increasing Treasury yields and the drag on the tech sector caused by Alphabet's disappointing quarterly results in its cloud business.
Global Stocks Rise Despite Middle East Tensions and Oil Price Decline | Daily Market Analysis
Key events: USA - Building Permits USA - New Home Sales (Sep) Canada - BoC Interest Rate Decision USA - Crude Oil Inventories USA - Fed Chair Powell Speaks Global stock markets posted gains on Tuesday, driven by positive corporate earnings that boosted investor risk appetite. However, caution lingered due to the ongoing Middle East conflict and pending critical data related to US interest rates.
Dow's Modest Gain Amid Yield Surge, Bank Earnings, and Global Economic Data | Daily Market Analysis
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Global Markets Nervous Amid Rising Tensions in Gaza, Bank Results, and Economic Data | Daily Market Analysis
Key events: Eurozone - ECB's Enria Speaks Eurozone - ECB Supervisory Board Member Tuominen Speaks UK - BoE Deputy Governor Woods Speaks UK - BoE MPC Member Pill USA - FOMC Member Harker Speaks USA - FOMC Member Harker Speaks Markets are on edge as Israel makes preparations to deploy troops into Gaza, raising concerns that the conflict with Hamas might spill over into neighboring regions. Iran, in particular, has issued warnings of a potential regional escalation if attacks on Palestinians persist.
Markets React to Fed's Dovish Tone and Economic Developments | Daily Market Analysis
Key events: USA - PPI (MoM) (Sep) USA - FOMC Meeting Minutes On Tuesday, the Dow Jones closed with gains, primarily influenced by fresh comments from the Federal Reserve suggesting a potential pause in rate hikes next month. This development helped keep Treasury yields in check. The Dow Jones Industrial Average experienced a 0.6% increase, equivalent to a rise of 185 points, while the Nasdaq saw a 0.8% gain, and the S&P 500 climbed by 0.7%.
Markets Navigate Geopolitical Tensions: S&P 500 Rises, Japanese Yen Surges, and Gold Rebounds | Daily Market Analysis
Key events: Eurozone - ECB President Lagarde Speaks USA - FOMC Member Bostic Speaks USA - FOMC Member Kashkari Speaks On Monday, the S&P 500 managed to climb despite escalating geopolitical tensions in the wake of the Israel-Hamas conflict, which raised concerns about a broader Middle East war. The S&P 500 saw a 0.6% increase, while the Dow Jones Industrial Average rose by 0.5%, equivalent to 162 points, and the Nasdaq registered a 0.4% uptick.