FOMC minutes

Key events: UK - Core Retail Sales (MoM) (Apr) Eurozone - ECB's Schnabel Speaks Canada - Core Retail Sales (MoM) (Mar) USA - Durable Goods Orders (MoM) (Apr) USA - Fed Waller Speaks  USA - Michigan Consumer Sentiment (May) The S&P 500 closed lower on Thursday as increasing Treasury yields, driven by persistent inflation concerns, dampened hopes for interest rate cuts. This overshadowed gains in tech stocks led by Nvidia.

Key events: Eurozone - ECB President Lagarde Speaks USA - Fed Governor Kroszner Speaks USA - Fed Waller Speaks USA - FOMC Member Williams Speaks USA - FOMC Member Bostic Speaks USA - Fed Vice Chair for Supervision Barr Speaks UK - BoE Gov Bailey Speaks Monday saw the Nasdaq reaching an unprecedented high, while gold soared to its peak as investors grappled with hawkish statements from the Federal Reserve alongside signs of moderating US inflation.

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: USA - FOMC Member Bostic Speaks USA - FOMC Member Bowman Speaks USA - FOMC Meeting Minutes On Tuesday, the Dow experienced a decline as investor caution grew regarding Nvidia's upcoming quarterly results and the release of the Federal Reserve's January meeting minutes later in the week. The Dow Jones Industrial Average dropped by 63 points or 0.2%, the S&P 500 index recorded a 0.6% decrease, and the NASDAQ Composite saw a 0.9% decline.