Market Overview Archive - Page 14 of 199

Oil prices continue to be supported by voluntary cuts by OPEC countries. Hong Kong index fell to a 6-week low

2024.06.17

The University of Michigan's US consumer sentiment index for June unexpectedly fell by 2.5 to a 7-month low of 65.6, weaker than expectations for a rise to 72.0.

Week's main events Week's main events (June 17 – June 21)

2024.06.17

The focus this week is on central bank meetings of the UK, Switzerland, Norway, Australia and China

US stock indices are renewing their highs. The Bank of Japan kept interest rates unchanged

2024.06.14

The May US PPI for final consumption goods and services unexpectedly declined to 2.2% y/y from 2.3% y/y in April, weaker than expectations for a 2.5% y/y increase.

The US Fed has planned only one rate cut this year and four cuts in 2025

2024.06.13

Oracle (ORCL) climbed a record 13%, leading the S&P 500 stocks higher after announcing a cloud infrastructure partnership with Google Cloud, Microsoft, and OpenAI.

China's consumer inflation is on the rise. Today, the focus is on the FOMC meeting

2024.06.12

Apple (AAPL) rose more than 7% to a record high and supported gains in tech stocks when D.A. Davidson upgraded the stock to "buy" from "neutral" with a $230 price target on "expectations of an iPhone...

Political uncertainty is growing in Europe. Bitcoin ETFs are signaling an outflow of funds

2024.06.11

ECB President Lagarde said yesterday that last week's ECB interest rate cut does not mean that interest rates are on a linear path of decline and that there may be periods when we hold interest rates.

European indices are falling amid the first results of the EU parliamentary elections. Silver prices fell below $30 per ounce

2024.06.10

Oil (WTI) prices came under pressure on Friday as strong US jobs data prompted traders to cut expectations for a US rate cut, dampening the outlook for economic growth and energy demand.

Week's main events Week's main events (June 10 – June 14)

2024.06.10

Investors' focus this week is on the US inflation data, as well as the US Federal Reserve and Bank of Japan meetings

The ECB has started a cycle of rate cuts. Today, investors are focused on the Nonfarm Payrolls report

2024.06.07

Friday's Nonfarm payrolls report is expected to show that the US labor market remained strong again in May.

The Bank of Canada has started a cycle of rate cuts. Today the same step is expected from the ECB

2024.06.06

Friday will see the release of the monthly US payrolls report for May, looking for clues about the labor market's strength that will prompt when the Federal Reserve could start cutting interest rates.