Market Overview
Week's main events Week's main events (June 24 – June 28)
2024.06.24
The focus is on inflation data in the United States, Canada, and Australia
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DELL and NVDA are jointly building an artificial intelligence factory. SNB cuts rate for the second time in a row
2024.06.21
Chipmakers initially rose Thursday after Dell Technologies (DELL) CEO tweeted that his company is building an artificial intelligence factory with Nvidia (NVDA) to power Elon Musk's xAI's Grok superco...
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PBoC left interest rates unchanged. New Zealand has left the recession territory
2024.06.20
The Canadian dollar traded near 1.37 per US dollar, rebounding from a five-week low of 1.376 recorded on June 7, amid a weaker US dollar and increased foreign exchange inflows.
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The escalation of conflicts in different regions of the world supports oil prices
2024.06.19
According to Fitch Ratings' latest estimate, global economic growth will strengthen this year and slow in 2025.
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The RBA kept interest rates on hold and remained hawkish. Oil rises as global demand outlook improves
2024.06.18
Philadelphia Fed President Patrick Harker said on Monday that he expects only one rate cut if the economy performs as expected, as current rate levels are likely to keep inflation lower and prevent th...
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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.
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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
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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.
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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.
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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...
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