People's Bank of China
S&P 500 Gains Amid Diminishing Recession Fears: Key Insights Ahead of Fed’s Jackson Hole Symposium | Daily Market Analysis
Key events: Eurozone - CPI (YoY) (Jul) USA - FOMC Member Bostic Speaks USA - Fed Vice Chair for Supervision Barr Speaks The S&P 500 advanced on Monday as concerns about a potential recession continued to diminish, setting the stage for a significant week with the Federal Reserve's release of July meeting minutes. Investors are also anticipating insights from Fed Chairman Jerome Powell at the Jackson Hole central bank symposium on Friday, which could offer clues on future monetary policy directions.
Nvidia's Rally Boosts S&P 500 and NASDAQ Amid Anticipation for Major Earnings | Daily Market Analysis
Key events: Eurozone - ECB's Lane Speaks Eurozone - Eurogroup Meetings Canada - New Housing Price Index (MoM) (Jun) USA - Existing Home Sales (Jun) The S&P 500 surged on Monday, led by a tech stock rebound spearheaded by Nvidia, following recent weakness, as investors anticipated quarterly earnings reports from major tech companies this week.
Global Markets Reel from Cyber Outage: Stocks Plunge, Dollar and Treasury Yields Climb | Daily Market Analysis
Key events: Eurozone - Eurogroup Meetings Global stock indices tumbled on Friday as a widespread cyber outage disrupted operations across various industries, shaking investor confidence. Concurrently, the dollar strengthened and Treasury yields rose. The S&P 500 and Nasdaq experienced their most significant weekly percentage drops since April.
S&P 500 Sets Fourth Consecutive Record High as Markets Eye Fed Testimony and Inflation Data | Daily Market Analysis
Key events: USA - Fed Vice Chair for Supervision Barr Speaks USA - Fed Chair Powell Testifies USA - Treasury Secretary Yellen Speaks USA - FOMC Member Bowman Speaks The S&P 500 extended its record streak on Monday, closing at all-time highs for the fourth consecutive session despite cautious sentiment ahead of Federal Reserve Chair Jerome Powell's testimony to Congress and key inflation data expected this week.
Volatile Dow Jones Fluctuates Amid Strong Job Data and Rate Cut Hopes | Daily Market Analysis
Key events: USA - NY Fed 1-Year Consumer Inflation Expectations UK - MPC Member Haskel Speaks USA - Consumer Credit (May) On Friday, the Dow Jones Industrial Average experienced notable fluctuations, hovering around the 39,300 level. This volatility was driven by US nonfarm payrolls data, which reignited hopes for potential rate cuts. Despite the broader US equity market climbing on renewed expectations of a Federal Reserve rate reduction, the Dow Jones remained stuck in a technical consolidation phase.
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