Key events this week: Monday, June 2, 2025 USA - S&P Global Manufacturing PMI (May) USA - ISM Manufacturing PMI (May) USA - ISM Manufacturing Prices (May) USA - Fed Chair Powell Speaks Tuesday, June 3, 2025 Eurozone - CPI (YoY) (May) USA - JOLTS Job Openings (Apr) Wednesday, June 4, 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: USA - Core PCE Price Index (MoM) (Dec) USA - Core PCE Price Index (YoY) (Dec) USA - Chicago PMI (Jan) The S&P 500 reversed earlier gains to end lower on Friday in a sharp downturn, following confirmation from the White House that tariffs on Mexico, Canada, and China would take effect on Saturday. The Dow Jones Industrial Average dropped 337 points, or 0.8%, while the S&P 500 declined 0.5%. The Nasdaq Composite, which had been up over 1% intraday, finished down 0.3%.

Key events: UK - GDP (YoY) (Q3) UK - GDP (QoQ) (Q3) USA - CB Consumer Confidence (Dec) US stocks surged on Friday, wrapping up the week on a positive note after two sluggish sessions, as a cooler-than-expected inflation report and dovish remarks from Federal Reserve officials eased concerns about future interest rate hikes.

Key events:

Key events: USA - Thanksgiving Day The S&P 500 experienced a modest decline on Wednesday, with cautious trading dominating the day ahead of the Thanksgiving holiday. A mix of economic reports and subdued investor sentiment added weight to the major indices. The Dow Jones Industrial Average fell by 138 points (0.3%), while the S&P 500 slipped 0.4%, and the NASDAQ Composite dropped 0.6%.

Key events: USA - CB Consumer Confidence (Nov) USA - New Home Sales (Oct) USA - FOMC Meeting Minutes On Monday, the Dow Jones Industrial Average soared 440 points, or 1%, to close at a record high of 44,736.57. This milestone marked a strong start to the week, bolstered by President-elect Donald Trump’s announcement of Scott Bessent as the nominee for Treasury Secretary. The S&P 500 and NASDAQ Composite also posted gains of 0.3%, reflecting broad market optimism.

Key events: China - Manufacturing PMI (Sep) UK - GDP (QoQ) (Q2) UK - GDP (YoY) (Q2) USA - Chicago PMI (Sep) USA - Fed Chair Powell Speaks On Friday, the Dow Jones Industrial Average reached record highs, closing with a gain of 137 points (0.3%) at 42,313.00. Energy stocks surged, and signs of faster-than-expected cooling inflation buoyed investor sentiment. In contrast, the S&P 500 dipped by 0.2%, and the Nasdaq Composite, heavily concentrated with tech stocks, fell 0.4%.

Key events: Switzerland - SNB Interest Rate Decision (Q3) USA - Durable Goods Orders (MoM) (Aug) USA - GDP (QoQ) (Q2) USA - Initial Jobless Claims USA - Fed Chair Powell Speaks  The S&P 500 dipped on Wednesday as investors took a breather from the recent rally, awaiting key economic catalysts such as important inflation data expected later this week.

Key events: USA - Labor Day Eurozone - HCOB Eurozone Manufacturing PMI (Aug) UK - S&P Global/CIPS UK Manufacturing PMI (Aug)  The S&P 500 ended higher on Friday, wrapping up August with its fourth consecutive monthly gain, as fading economic concerns fueled a strong rebound in stocks following an earlier selloff.