Market Overview
Week's main events Week's main events (May 20 – May 24)
2024.05.20
This week's focus is on the FOMC minutes, PMI data, inflation data, and RBNZ interest rate decision
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Natural gas prices rose to a 4-month high. China released mixed data
2024.05.17
Meta Platforms (META) closed down more than 1% after the European Union announced an audit of the company over concerns that its algorithms illegally exploit the weakness of children to addict them to...
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Stock indices have hit all-time highs. The Australian labor market is starting to cool down
2024.05.16
Markets estimate the odds of a 25 bps rate cut at 10% at the June 11–12 FOMC meeting and 38% at the next meeting on July 30–31.
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PBoC kept the interest rate unchanged. The US stock indices rise despite rising manufacturing inflation
2024.05.15
Wunsch, an ECB Governing Council member, said the ECB should not be in a hurry to cut interest rates further after a likely first cut in June as "wage pressures persist, keeping service sector inflati...
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Australia will release its annual budget today. Rising inflation expectations hurt US stock indices
2024.05.14
Apple (AAPL) closed higher by more than 2% after it was reported that the company is close to an agreement to use OpenAI technology in Apple's upcoming iOS 18 mobile operating system.
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The German index has hit an all-time high. China sees rising consumer inflation
2024.05.13
The University of Michigan's preliminary May Consumer Sentiment Index fell 9.8 points to a 6-month low of 67.4, weaker than market expectations.
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Week's main events Week's main events (May 13 – May 17)
2024.05.13
Investors' focus this week is on inflation and GDP data for major economies
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Natural gas prices are rising amid falling inventories. The Bank of England expectedly kept the rate
2024.05.10
Equinix (EQIX) climbed more than 11% and topped the list of top gainers in the S&P 500 after reporting adjusted first-quarter earnings of $992 million, above the consensus forecast of $976.9 million.
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Strong data on China's trade balance fuels Asian indices
2024.05.09
Lyft shares are up more than 6% after the company reported better-than-expected first-quarter gross orders and forecast second-quarter gross orders above consensus. On the negative side, Uber Technolo...
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Oil prices are rising amid rumors of increased production by OPEC countries. European indices are growing amid the "dovish" position of the ECB
2024.05.08
First-quarter earnings results were mostly better than expected, which is favorable for the stock. First-quarter earnings are expected to be up 6.5% YoY, well above the 3.8% forecast before the report...
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