Daily Market Analysis
April 26, 2024
Key events:
Japan - BoJ Interest Rate Decision
USA - Core PCE Price Index (YoY) (Mar)
USA - Core PCE Price Index (MoM) (Mar)
The S&P 500 closed lower on Thursday, although it recovered significantly from session lows as Meta trimmed some losses. Rising Treasury yields, fueled by economic data…
April 25, 2024
Key events:
USA - GDP (QoQ) (Q1)
USA - Initial Jobless Claims
Wednesday saw the S&P 500 managing a slight uptick, albeit amid pressure from climbing Treasury yields and softness in industrial sectors. However, a surge in Tesla shares bolstered the tech sector ahead of looming earnings reports…
April 24, 2024
Key events:
USA - Durable Goods Orders (MoM) (Mar)
USA - Crude Oil Inventories
Tuesday saw another positive close for the S&P 500, marking its second consecutive daily increase fueled by generally upbeat quarterly earnings as anticipation builds for the Magnificent 7's financial reports, with…
April 23, 2024
Key events:
USA - Durable Goods Orders (MoM) (Mar)
USA - Crude Oil Inventories
The S&P 500 surged on Monday, driven by strength in the technology sector, marking a rebound from its most significant weekly decline since March of the previous year. Investors turned their attention to upcoming…
April 22, 2024
Key events:
Eurozone - Eurogroup Meetings
Canada - New Housing Price Index (MoM) (Mar)
Eurozone - ECB President Lagarde Speaks
On Friday, the Nasdaq and the S&P 500 closed in the red, largely influenced by a downturn in Netflix (NASDAQ: NFLX) shares. However, American Express (NYSE: AXP)…
April 19, 2024
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.…
April 18, 2024
Key events:
USA - Initial Jobless Claims
USA - Philadelphia Fed Manufacturing Index (Apr)
USA - Existing Home Sales (Mar)
Wednesday saw the S&P 500 finishing lower, as concerns over prolonged Federal Reserve interest rates weighed heavily on tech stocks, led by Nvidia's decline.
The Dow Jones…
April 17, 2024
Key events:
UK - CPI (YoY) (Mar)
Eurozone - CPI (YoY) (Mar)
USA - Crude Oil Inventories
Tuesday saw the S&P 500 concluding on a downward trajectory, with investors grappling with erratic fluctuations, particularly after Federal Reserve Chairman Jerome Powell hinted at the necessity of…
April 16, 2024
Key events:
USA - FOMC Member Williams Speaks
UK - BoE Gov Bailey Speaks
USA - Fed Chair Powell Speaks
On Monday, the Dow took a hit amidst surging Treasury yields, a backdrop of geopolitical tensions, and robust retail sales figures that dashed hopes for imminent interest rate cuts,…
April 15, 2024
Key events:
Eurorzone - ECB's Lane Speaks
USA - Core Retail Sales (MoM) (Mar)
USA - FOMC Member Williams Speaks
USA - Retail Sales (MoM) (Mar)
Friday witnessed a significant downturn in the Dow, triggered by disappointing results from major Wall Street banks as they initiated the earnings season…
April 12, 2024
Key events:
UK - GDP (MoM) (Feb)
Germany - German CPI (MoM) (Mar)
Thursday saw US stocks stabilize following the previous session's significant declines, as investors found solace in the monthly producer prices report, which presented a more subdued inflationary scenario.
Dow Jones Industrial…
April 11, 2024
Key events:
Eurozone - Deposit Facility Rate (Apr)
Eurozone - ECB Interest Rate Decision (Apr)
USA - Initial Jobless Claims
USA - PPI (MoM) (Mar)
Eurozone - ECB Press Conference
USA - 30-Year Bond Auction
Wednesday witnessed a downturn in US stocks as hotter-than-anticipated inflation data dashed…