Daily Market Analysis page 3

Key events: UK - GDP (MoM) (Jan) USA - Crude Oil Inventories USA - 30-Year Bond Auction The S&P 500 soared to a new record high on Tuesday, as US stocks shrugged off a hotter-than-anticipated inflation report, buoyed by fresh bullish sentiment in the tech sector. The benchmark S&P 500…

Key events: USA - Core CPI (MoM) (Feb) USA - USD CPI (YoY) (Feb) USA - CPI (MoM) (Feb) USA - 10-Year Note Auction On Monday, the Dow Jones Industrial Average experienced a modest gain as investors anticipated forthcoming inflation data, a crucial factor influencing the Federal Reserve's stance on…

Key events: Japan - GDP (QoQ) (Q4) UK - BoE MPC Member Mann  On Friday, the S&P 500 and Nasdaq experienced a decline after reaching record highs earlier in the session. High-flying chip stocks reversed course, and a mixed labor market report, featuring more new jobs than anticipated coupled…

Key events: USA - Average Hourly Earnings (MoM) (Feb) USA - Nonfarm Payrolls (Feb) USA - Unemployment Rate (Feb) The S&P 500 achieved a new record high on Thursday, driven by gains in the tech sector. Federal Reserve Chair Jerome Powell's reaffirmation of potential rate cuts this year fueled…

Key events: Eurozone - Deposit Facility Rate (Mar) Eurozone - ECB Interest Rate Decision (Mar) USA - Initial Jobless Claims Eurozone - ECB Press Conference USA - Fed Chair Powell Testifies On Wednesday, US stocks experienced a rise, particularly in the tech sector, following Federal Reserve Chair…

Key events: UK - Spring Forecast Statement USA - ADP Nonfarm Employment Change (Feb) Canada - BoC Interest Rate Decision USA - Fed Chair Powell Testifies USA - JOLTs Job Openings (Jan) USA - Crude Oil Inventories On Tuesday, investors in both the United States and Europe approached the equity…

Key events: USA - S&P Global Services PMI (Feb) USA - ISM Non-Manufacturing PMI (Feb) USA - ISM Non-Manufacturing Prices (Feb) On Monday, US stock markets experienced a retreat from recent record highs, with Federal Reserve officials downplaying the possibility of imminent rate cuts ahead of…

Key events:  Australia - Building Approvals USA - FOMC Member Harker Speaks The week concluded with the S&P 500 and Nasdaq achieving record closes, propelled by a decline in Treasury yields and a surge in chip stocks led by Nvidia. Tech sector quarterly results continue to reflect a growing…

Key events: Eurozone - CPI (YoY) (Feb) USA - S&P Global US Manufacturing PMI (Feb) USA -ISM Manufacturing PMI (Feb) USA -ISM Manufacturing Prices (Feb) On Thursday, the Nasdaq achieved a record high for the first time since 2021, propelled by the ongoing artificial intelligence-driven rally…

Key events: USA - Core PCE Price Index (MoM) (Jan) USA - Core PCE Price Index (YoY) (Jan) USA - Initial Jobless Claims      USA - Chicago PMI (Feb) On Wednesday, the S&P 500 experienced a slight decline, but the broadening rally beyond the technology sector helped mitigate losses as…

Key events: New Zealand - RBNZ Interest Rate Decision USA - GDP (QoQ) (Q4) USA - Crude Oil Inventories USA - FOMC Member Bostic Speaks USA - FOMC Member Williams Speaks On Tuesday, the S&P 500 closed higher, thanks to dip buyers alleviating losses in the tech sector. Quarterly results from…

Key events: Eurozone - ECB's Elderson Speaks USA - Core Durable Goods Orders (MoM) (Jan) USA - CB Consumer Confidence (Feb) The S&P 500 achieved a fresh record high of 5,088 last week, propelled by Nvidia's impressive quarterly report. Earlier on Friday, the index reached 5,111, establishing…