Key events this week: Monday, June 30, 2025 China - Manufacturing PMI (Jun) UK - GDP (YoY) (Q1) UK - GDP (QoQ) (Q1) USA - Chicago PMI (Jun) Tuesday, July 1, 2025 Eurozozne - CPI (YoY) (Jun)   USA - Fed Chair Powell Speaks         USA - S&P Global Manufacturing PMI (Jun) USA - ISM Manufacturing PMI (Jun) USA - ISM Manufacturing Prices (Jun) USA - JOLTS Job Openings (May) Wednesday, July 2, 2025

Key events this week: Tuesday, June 17, 2025 Japan - BoJ Interest Rate Decision USA - Core Retail Sales (MoM) (May) USA - Retail Sales (MoM) (May) Wednesday, June 18, 2025 UK - CPI (YoY) (May) Eurozone - CPI (YoY) (May) USA - Initial Jobless Claims USA - Crude Oil Inventories USA - FOMC Economic Projections USA - FOMC Statement USA - Fed Interest Rate Decision USA - FOMC Press Conference Thursday, June 19, 2025

Key events this week: Monday, May 26, 2025 USA - Memorial Day Tuesday, May 27, 2025 USA - Durable Goods Orders (MoM) (Apr) USA - CB Consumer Confidence (May) Wednesday, May 28, 2025 New Zealand - RBNZ Interest Rate Decision USA - FOMC Meeting Minutes Thursday, May 29, 2025 USA - GDP (QoQ) (Q1) USA - Initial Jobless Claims USA - Crude Oil Inventories Friday, May 30, 2025

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.

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.

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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.

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.

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.

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