Today's economic calendar is light, with only US building permits and housing starts scheduled for release.
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Today's economic calendar is light, with only US building permits and housing starts scheduled for release.
UK jobs data released today showed a surprise increase in wages, which boosted the odds of another 25 basis point rate hike by the Bank of England (BoE) to 90%.
This week is relatively quiet on news this week, with the major headline being the FOMC minutes being released on Wednesday.
The Dow Jones Industrial Average modestly climbed, while the S&P 500 and Nasdaq Composite posted notable gains, breaking a losing streak and igniting optimism across Wall Street.
The joy surrounding the recent stock market rally was put to the test on Thursday as hotter-than-expected US inflation data reduced expectations of an imminent interest rate cut by the Federal Reserve. The Dow Jones Industrial Average snapped a three-day winning streak while the Nasdaq Composite and S&P 500 also retreated, declining 0.3% and 0.29%, respectively.
In an unexpected turn from its recent upward trend, the stock market began the week on a quieter note, with the Nasdaq Composite and the S&P 500 stepping back from their latest high points, despite strong performances from major tech companies. The S&P 500 dipped by 0.1%, and the Nasdaq Composite fell by 0.4%, reflecting a more cautious approach from investors fresh off last week's peaks.
In a market atmosphere thick with anticipation, US stocks and Bitcoin navigate a landscape marked by the looming release of crucial inflation data. Wednesday's trading session saw a subtle pullback in major US stock indices, where investors are eyeing the forthcoming personal consumption expenditure report with keen interest.
Markets exhibited a complex range of highs and lows, navigating through a mix of record-setting achievements and underlying economic uncertainties. The S&P 500 and Dow Jones Industrial Average both notched fresh records, underscoring the robust appetite for risk among investors, lifted by a combination of corporate earnings beats and positive economic indicators.
Wednesday's trading session closed with mixed sentiments across major indexes as investors navigated through a landscape of earnings reports and economic indicators. The Nasdaq Composite edged lower for the third consecutive day, reflecting a wary stance among traders eagerly awaiting Nvidia's quarterly earnings revelation.
In a reversal from its recent upward trajectory, the stock market faced a downturn on Friday, shaken by the latest inflation reports that spurred a re-evaluation of the Federal Reserve's expected timeline for interest rate adjustments.
Monday's trading session unfolded with a notable climb in global markets, marking a continuation of the bullish trend that began in late 2022. The Dow Jones Industrial Average, in a remarkable show of strength, soared beyond the 38,000 threshold for the first time, underscoring investor optimism and a resilient economic backdrop.
The stock market displayed a remarkable narrative of resurgence and investor confidence, evidenced by the dynamic performance of major indices. The Dow Jones Industrial Average rebounded strongly, rising 0.6% and overcoming a three-day slump, while the tech-heavy Nasdaq Composite saw a significant 1.4% increase, driven by a surge in tech stocks like Apple following a favourable upgrade.
The global financial markets navigated through a complex maze of economic signals against the backdrop of closed U.S. markets in observance of Martin Luther King, Jr. Day. European stocks retreated modestly, reflecting investor unease as bond yields edged higher. Meanwhile, in a surprising move, China's central bank refrained from an anticipated rate cut, adding to the cautious tone set against a backdrop of forthcoming GDP data.
As the curtain rises on 2024's financial stage, the global markets continue to perform a delicate dance, driven by persistent uncertainties. The S&P 500 and Dow Jones navigated through a maze of modest losses and gains, reflecting the complex dynamics at play.
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