Daily Market Analysis

Key events: USA - S&P Global US Manufacturing PMI (Nov) USA - ISM Manufacturing PMI (Nov) USA - ISM Manufacturing Prices (Nov) The S&P 500 marked a new record high in a shortened holiday trading session on Friday, concluding its best month of 2024. The index gained 0.6%, closing at 6,032.…

Key events: Eurozone - CPI (YoY) (Nov) UK - BoE Gov Bailey Speaks Eurozone - ECB's De Guindos Speaks Canada - GDP (YoY) (Q3) Asian markets saw a broad decline on Friday as geopolitical tensions from the Russia-Ukraine war escalated, weighing heavily on risk sentiment. Japan's Nikkei was…

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…

Key events: USA - Core PCE Price Index (MoM) (Oct) USA - Core PCE Price Index (YoY) (Oct) USA - Durable Goods Orders (MoM) (Oct) USA - GDP (QoQ) (Q3) USA - Initial Jobless Claims USA - Chicago PMI USA - Crude Oil Inventories The S&P 500 and Dow Jones Industrial Average surged to record highs…

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…

Key events: Switzerland - Employment Level (Q3) Eurozone - ECB's Lane Speaks The Dow Jones Industrial Average has rebounded from a recent lull, continuing its upward momentum into a strong finish for the week. Overall, the DJIA is poised to conclude the week with an approximate gain of 1.8% since…

Key events: USA - Michigan Consumer Sentiment (Nov) USA - S&P Global US Manufacturing PMI (Nov) USA - S&P Global Services PMI (Nov) The S&P 500 ended Thursday on a positive note, with gains driven by cyclical sectors such as financials and industrials, while technology stocks lagged…

Key events: USA - Initial Jobless Claims USA - Philadelphia Fed Manufacturing Index (Nov) USA - Existing Home Sales (Oct) The Dow Jones Industrial Average rebounded from early losses on Wednesday, climbing 139 points or 0.3% to close higher. In contrast, the S&P 500 ended the session nearly…

Key events: UK - CPI (YoY) (Oct) USA - Crude Oil Inventories USA - FOMC Member Bowman Speaks Global markets are navigating a complex interplay of geopolitical tensions and economic policy expectations, with significant movements observed across stocks and currencies. On Tuesday, the S&P 500…

Key events: Eurozone - ECB's Elderson Speaks UK - BoE Gov Bailey Speaks UK - BoE MPC Member Mann Speaks Eurozone - CPI (YoY) (Oct) The S&P 500 closed higher on Monday, supported by a tech-driven rally and Tesla’s sharp gains, ahead of Nvidia’s (NASDAQ: NVDA) earnings release and remarks from…

Key events: Eurozone - ECB's De Guindos Speaks Eurozone - ECB's Lane Speaks Eurozone - ECB President Lagarde Speaks The S&P 500 wrapped up the week with a notable loss on Friday, as optimism from the post-election rally faded in light of stronger-than-expected economic data. These…

Key events: UK - GDP (MoM) (Sep) UK - GDP (QoQ) (Q3) USA - Core Retail Sales (MoM) (Oct) USA - Retail Sales (MoM) (Oct) The S&P 500 took a downturn on Thursday as Federal Reserve Chair Jerome Powell’s comments suggested that the Fed is in no hurry to reduce interest rates. Powell signaled a…