Market Review | July 3, 2024
Although the U.S. stock market is typically stable in the summer, this year it may face volatility, maintaining an optimistic outlook for the S&P 500 index's year-end target of 5,600 points. At the same time, financial giants are assessing the potential impact of a Trump election victory on the bond market, advising clients to prepare for inflation and rising bond yields. Despite uncertainties, earnings growth is seen as key to supporting the rise in the stock market. Investors need to pay atten
Market Review | July 3, 2024
Market Review | July 3, 2024
Gold prices remain steady as investors anticipate Federal Reserve Chairman Jerome Powell’s upcoming speech and the U.S. Non-Farm Payrolls data. Geopolitical tensions and economic uncertainties continue to support safe-haven demand for gold, while higher U.S. yields exert downward pressure. Key economic events this week include JOLTs Job Openings, ADP Employment Change, and the Non-Farm Payrolls report.
This article continues to explore significant global political and economic developments impacting markets. Key events such as the Democratic National Committee's nomination plans, Japan's political instability, and trade tensions in China influence major currencies and stock indices globally.
This article explores significant global political and economic developments impacting markets. From the US Supreme Court ruling on Trump's immunity to China's production excess and geopolitical tensions in the Middle East, these events influence major currencies and stock indices worldwide.
This week's economic calendar is packed with key events affecting USD, JPY, GBP, EUR, and Gold (XAU). In the USA, watch for Core PCE Price Index, ISM Manufacturing PMI, Initial Jobless Claims, and JOLTs Job Openings. Japan releases the Tankan Large Manufacturers Index and Services PMI. The UK focuses on Manufacturing and Construction PMI, while the Eurozone releases CPI and Services PMI data. Each event's potential impacts on currencies and gold are analyzed for market insights.
On Monday (July 1st), dragged down by the rise of the euro at the beginning of trading,
the Japanese yen continued to slide against its peers, market strategists predict that the yen could climb above the 170 mark against the dollar
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Market Review | July 2, 2024
Market Review | July 2, 2024
The U.S. ISM Manufacturing PMI dropped to 48.5 in June, below expectations, but the dollar rebounded after a Supreme Court ruling in favor of Trump. Investors await U.S. job data for hints on potential Federal Reserve rate cuts. Despite rising U.S. bond yields, gold remains strong near $2300. If it breaks above the 50-day moving average of $2337, it could reach $2390-$2400, but faces resistance at $2339.21. A drop below $2323.29 would weaken the bullish signal; watch for a breakout in the $2291.
As the first round of voting in the French National Assembly elections concludes, global investors are once again focusing on this major Western European nation. According to CCTV News, the far-right political party National Rally leads with 33% of the vote in the initial round, followed closely by the left-wing coalition "New People's Front," which garnered 28.5% of the ballots. The ruling party, Renaissance, and the centrist alliance "Together" ranked third with 22% of the votes. This outcome
Global markets face significant changes. China's financial sector caps salaries under Xi Jinping's "common prosperity" policy, affecting the yuan and major financial stocks. India's entry into the JPMorgan Emerging Markets Bond Index boosts investment and strengthens the rupee. Nike's weak outlook suggests a U.S. economic slowdown. Japan's yen nears a 40-year low, prompting potential stabilization efforts. Hong Kong faces judicial concerns, impacting its financial stability.
Global markets face significant changes. China's financial sector caps salaries under Xi Jinping's "common prosperity" policy, affecting the yuan and major financial stocks. India's entry into the JPMorgan Emerging Markets Bond Index boosts investment and strengthens the rupee. Nike's weak outlook suggests a U.S. economic slowdown. Japan's yen nears a 40-year low, prompting potential stabilization efforts. Hong Kong faces judicial concerns, impacting its financial stability.
The yen continues to weaken against major currencies, with USD/JPY potentially climbing above 165. Japan's officials express concerns, hinting at potential intervention. Stable domestic indicators fail to support the yen amid robust USD performance.
The ECB's consumer expectations survey shows mixed economic signals with slight improvements in unemployment expectations but unchanged growth forecasts. The euro faces pressure from a strong USD, while the GBP shows resilience, contributing to the strength of GBP/USD and the decline of EUR/GBP.