Market Overview
Traders further lowered their expectations for a Fed interest rate cut this year
2024.05.30
The Richmond Fed's May survey of the US manufacturing outlook rose 7 to a 7-month high, beating expectations of no change at negative 7.
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Oil rises amid increasing geopolitical tensions in the Middle East. Inflation is rising in Australia
2024.05.29
Shares of Dell Technologies (DELL) are up over 3%, complementing last Thursday's and last Friday's 7% gain after Aletheia Capital Limited initiated coverage on the stock with a "buy" recommendation an...
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Oil rises moderately ahead of OPEC+ meeting. ECB plans to cut interest rates next week
2024.05.28
On Monday, European stocks closed with solid gains, cutting the previous week's losses as expectations of monetary easing in the Eurozone gained momentum.
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US stock indices are rising amid falling inflation expectations. Oil fixed ahead of the OPEC+ meeting
2024.05.27
Banks and most markets will be closed on Monday due to the Memorial Day holiday in the US.
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Week's main events Week's main events (May 27 – May 31)
2024.05.27
Investor focus this week is on inflation data in the US, Eurozone and Australia
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Strong economic reports fuel the dollar and harm indices
2024.05.24
Boeing (BA) closed down more than 7%, topping the Dow Jones Industrials' list of losers, after CFO West said the company's second-quarter cash burn would be the same or worse than the first quarter wh...
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Strong NVDA report helped indices stay afloat after hawkish FOMC minutes
2024.05.23
The UK and German 10-year bond yields rose to 2-week highs after UK consumer prices slowed less than expected last month, raising questions about when the Bank of England (BoE) might start cutting int...
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The RBNZ maintained its hawkish bias, leaving the interest rate at 5.5%. Inflationary pressures are easing in Canada
2024.05.22
AstraZeneca Plc (AZN) closed higher by more than 2% after the company said it expects to generate $80 billion in cumulative revenue by 2030 from "significant growth" in its portfolio of existing oncol...
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Today, traders are focused on Canadian inflation data and waiting for the RBNZ interest rate decision
2024.05.21
On Wednesday, markets will wait for the minutes from the May 1 FOMC meeting to see how close the Fed is to cutting interest rates.
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Precious and industrial metals show strong growth. Oil grows amid the news about the death of Iran's leader
2024.05.20
Advanced Micro Devices (AMD) shares rose more than 2% on Friday after Wolfe Research added it to its alpha list, replacing Nvidia (NVDA).
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