Daily Market Analysis page 2

Key events: USA - Average Hourly Earnings (MoM) (Mar) USA - Non-Farm Payrolls (Mar) USA - Unemployment Rate (Mar) Thursday marked the fourth consecutive day of losses for the Dow Jones Industrial Average, as intraday gains were relinquished amidst mounting geopolitical tensions and hawkish…

Key events: USA - Initial Jobless Claims USA - Trade Balance (Feb) USA - FOMC Member Mester Speaks On Wednesday, the S&P 500 managed to secure a modest gain, buoyed by Federal Reserve Chairman Jerome Powell's remarks hinting at potential rate cuts later this year. Powell's comments…

Key events: Eurozone - CPI (YoY) (Mar) USA - ADP Nonfarm Employment Change (Mar USA - S&P Global Services PMI (Mar) USA - ISM Non-Manufacturing PMI (Mar) USA - ISM Non-Manufacturing Prices (Mar) USA - Crude Oil Inventories USA - Fed Chair Powell Speaks On Tuesday, the Dow Jones Industrial…

Key events: USA - JOLTs Job Openings (Feb) USA - FOMC Member Bowman Speaks USA - FOMC Member Williams Speaks USA - FOMC Member Mester Speaks USA - FOMC Member Daly Speaks The second quarter kicked off with a hesitant start for the S&P 500 on Monday, as soaring Treasury yields tempered bullish…

Key events: USA - S&P Global US Manufacturing PMI (Mar) USA - ISM Manufacturing PMI (Mar) USA - ISM Manufacturing Prices (Mar) As the new quarter kicks off, Asian markets prepare to embark on a promising trajectory, bolstered by indications of a gradual easing in US inflation data last Friday…

Key events: USA - Core PCE Price Index (MoM) (Feb) USA - Core PCE Price Index (YoY) (Feb) USA - Fed Chair Powell Speaks On Thursday, both the Dow and S&P 500 surged to new record highs, marking their strongest first-quarter performance since 2009. This upward momentum extended beyond the tech…

Key events: UK - GDP (QoQ) (Q4) UK - GDP (YoY) (Q4) USA - GDP (QoQ) (Q4) USA - Initial Jobless Claims USA - Chicago PMI (Mar) Wednesday saw the S&P 500 achieving a new record closing high, supported by a decline in Treasury yields in anticipation of a speech by Federal Reserve governor…

 Key events: USA - Crude Oil Inventories The S&P 500 saw its gains trimmed on Tuesday as investors processed news of a decline in US consumer confidence, marking its lowest level since November. This development preceded further commentary from Federal Reserve officials and an upcoming key…

Key events: USA - Durable Goods Orders (MoM) (Feb) USA - CB Consumer Confidence (Mar) Monday witnessed a decline in the S&P 500 as major tech players took a breather, anticipating pivotal market events later in the week, including an update on inflation and statements from Federal Reserve…

Key events: Eurozone - ECB President Lagarde Speaks USA - Building Permits USA - FOMC Member Bostic Speaks USA - New Home Sales (Feb) The S&P 500 saw minimal movement on Friday, yet it marked its most substantial weekly percentage increase of 2024 following the Federal Reserve's decision to…

Key events: USA - Fed Chair Powell Speaks  Eurozone - ECB's Lane Speaks USA - FOMC Member Bostic Speaks US stocks continued their ascent on Thursday, extending the record-breaking streak following the Federal Reserve's adherence to its projections of implementing at least three rate reductions…

Key events: Switzerland - SNB Interest Rate Decision (Q1) UK - BoE Interest Rate Decision (Mar) USA - Initial Jobless Claims USA - Philadelphia Fed Manufacturing Index (Mar) USA - S&P Global US Manufacturing PMI (Mar) USA - S&P Global Services PMI (Mar)  USA - Existing Home Sales (Feb)…