Governor Kazuo Ueda

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Key events: Eurozone - ECB's De Guindos Speaks Eurozone - ECB's Lane Speaks Eurozone - ECB President Lagarde Speaks The S&P 500 wrapped up the week with a notable loss on Friday, as optimism from the post-election rally faded in light of stronger-than-expected economic data. These developments raised concerns over the likelihood of fewer interest rate cuts by the Federal Reserve. The Dow Jones Industrial Average declined by 305 points (0.7%), the S&P 500 fell 1.4%, and the tech-heavy NASDAQ Composite slid 2.3%.

Key events: USA - JOLTs Job Openings (Apr) The Dow closed lower on Monday, driven by a decline in energy stocks due to falling oil prices and weaker manufacturing data indicating a slowing economy. The 30-stock Dow Jones Industrial Average fell by 115 points, or 0.5%, although it ended well above its session lows as dip-buyers emerged late in the day. In contrast, the benchmark S&P 500 gained 0.2%, and the tech-heavy Nasdaq Composite increased by 0.6%.

Key events: Eurozone - Eurogroup Meetings Eurozone - ECB's Lane Speaks USA - FOMC Member Williams Speaks US stocks bounced back on Friday after sharp losses the previous day, fueled by news of an improving consumer outlook on inflation. This rally led the Nasdaq to its fifth consecutive week of gains, reaching a record closing high.

Key events: UK - GDP (QoQ) (Q1) UK - BoE MPC Member Pill Speaks USA - FOMC Member Bowman Speaks USA - Michigan Consumer Sentiment Thursday marked another positive day for the Dow Jones Industrial Average, extending its winning streak to seven consecutive sessions. Investor optimism surged across all three major US indices, buoyed by encouraging weekly jobless claims data that fueled speculation of potential interest-rate cuts.

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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.

Key events: Eurozone - CPI (YoY) (Feb) On Friday, the S&P 500 experienced its second consecutive weekly decline, with the tech sector feeling the pressure from rising Treasury yields amid concerns that the Federal Reserve might emphasize the necessity for higher interest rates to persist in light of ongoing inflationary pressures. The S&P 500 index dropped by 0.6%, the NASDAQ Composite fell by 1%, and the Dow Jones Industrial Average saw a decline of 190 points, equivalent to 0.5%.

Key events: UK - GDP (MoM) (Jan) USA - Crude Oil Inventories USA - 30-Year Bond Auction The S&P 500 soared to a new record high on Tuesday, as US stocks shrugged off a hotter-than-anticipated inflation report, buoyed by fresh bullish sentiment in the tech sector. The benchmark S&P 500 surged by 1.1% to reach a historic high of 5,173.97, while the tech-heavy Nasdaq Composite saw a 1.5% increase, and the blue-chip Dow Jones Industrial Average surged by 235 points, marking a 0.6% jump.

Key events: USA - Core CPI (MoM) (Feb) USA - USD CPI (YoY) (Feb) USA - CPI (MoM) (Feb) USA - 10-Year Note Auction On Monday, the Dow Jones Industrial Average experienced a modest gain as investors anticipated forthcoming inflation data, a crucial factor influencing the Federal Reserve's stance on interest rates. The Dow rose by 46 points or 0.1%, while the S&P 500 declined by 0.1%, and the NASDAQ Composite slipped by 0.4%.