Market Overview
Week's main events Week's main events (April 15 – April 19)
2024.04.15
Geopolitical tensions in the Middle East as well as key inflation data will be in focus this week
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Singapore's central bank (MAS) maintained its monetary policy settings. The ECB hinted at a rate cut soon
2024.04.12
New York Fed President Williams said the Fed has made tremendous progress in balancing inflation and employment, but there is no need to lower interest rates soon.
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The Bank of Canada maintained its monetary policy settings. The FOMC minutes showed that policymakers will not be in a hurry to cut rates
2024.04.11
Minutes from the March FOMC meeting showed that the Federal Reserve does not believe it is appropriate to lower the target range until there is confidence that inflation is moving steadily toward 2%.
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The RBNZ kept the interest rate at 5.5%. Intel plans to compete with Nvidia in AI chips
2024.04.10
The first quarter corporate earnings season kicks off this Friday with the release of results from major banks, including JPMorgan Chase (JPM), Citigroup (C), and Wells Fargo (WFC).
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Israel and Hamas have not reached an agreement. Markets await US consumer price report
2024.04.09
Nike (NKE) shares are up more than 1% and led the Dow Jones Industrials higher after Hedgeye Risk Management upgraded the stock to a "buy" from a "hold" rating.
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Israel withdraws troops from the southern Gaza Strip. Canada's labor market remains resilient
2024.04.08
Dallas Fed President Logan said on Friday that it was "too early" to cut interest rates because there are concerns that inflationary progress could stall and that price growth may not cool down to the...
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Week's main events Week's main events (April 08 – April 12)
2024.04.08
The focus of attention this week is on US inflation data, FOMC protocol as well as the ECB, RBNZ and BoC meetings
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Stock indices saw a sharp sell-off yesterday amid hawkish comments from FOMC officials
2024.04.05
US stock indices opened higher on Thursday on positivity from Wednesday, with Federal Reserve Chairman Jerome Powell reiterating his view that it would probably be appropriate to start cutting interes...
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Inflationary pressures in Europe continue to decline. OPEC+ countries continued their voluntary production cuts
2024.04.04
Atlanta Fed President Bostic said yesterday that due to the uneven nature of inflation progress, it will likely be appropriate for the Fed to cut interest rates later this year, in the fourth quarter.
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Oil prices continue to rise steadily. There is an outflow of funds from Bitcoin ETFs
2024.04.03
Tesla (TSLA) is down more than 5% and topped the NASDAQ (US100) losers list after reporting first-quarter vehicle deliveries of 386,810 units, well below the consensus forecast of 449,080 units.
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