Last week in the news Latest PCE data in the US are showing persistent inflation, decreasing inventor’s expectations of a potential three rate cuts during this year. US Treasury yields reacted to change in sentiment, where the 10Y benchmark reached its weekly highest level at 4.73%. Decrease of geopolitical risks in the Middle East impact short reversal in the...
Last week brought huge earnings reports for some of the big US tech companies, with mixed reactions. We saw META lose 7% during the previous week after a great earnings report, and Alphabet (GOOG) soaring 10% on Friday. Next week, we will see earnings from Amazon (Tuesday) and Apple on Thursday as well as other large cap earnings reports. Will the market be...
Last week in the news Higher for longer was for one more time rhetoric which influenced market sentiment during the previous week. In expectation of less rate cuts during this year, the US equities entered into the correction mode, with the S&P 500 ending the week at level of 4.967. The US Treasuries had another relatively strong week, where 10Y benchmark...
Last week in the news Inflation fears are for one more time those to shape investors confidence. Posted US inflation data during the previous week, impacted negative sentiment on the market, and made US Treasury yields move to the higher grounds, while US equities were pushed to the downside. For one more week in a row geopolitical risks were pushing the price of...
Last week in the news Much higher than expected Non-farm Payrolls in March in the US was a major event for the week on financial markets. Equity markets were still holding strong, despite the first major drop since the beginning of this year, while US Treasures reacted with higher yields. Gold reacted to new geopolitical tensions, which pushed the price of oil...
Last week in the news Positive market sentiment continued ahead of the holiday season on western markets. The S&P 500 was closed at level of 5.254, which was the new highest level reached in the history of the index. Although USD gained in value, the price of Gold also headed to the higher grounds, ending the week at 2.233, a new ATH. The US Treasuries remained...
Last week in the news Previous week brought back inflation fears on financial markets. The US equities and tech companies ended the week under pressure considering investors fears that the Fed might take a bit more time until the first rate cut, due to persistent inflation. US Treasuries also reacted on the same issue, ending the week one more time higher by 22...
Last week in the news Another week since the beginning of this year with markets reaching new all time highest values. The US equity markets continue to be driven by tech companies and expectations of the first Fed's rate cut. During the previous week Bitcoin also breached its highest level from November 2021, reaching shortly the level of $70K. Gold continues to...
Last week in the news There have been a lot of developments on financial markets during the previous week. Positive sentiment is still holding among investors. Previous week was the one which marked a higher level for Bitcoin and the crypto market, crossing the $2 trillion market cap. At the same time, easing inflation in the US has pushed yields lower, in...
Last week in the news The earnings of the US tech companies were driving the S&P 500 index to new highs, reaching a level of 5.100 during the week. The question about timing of the first Fed's rate cut is still the main occupation of the investors, which is the reason why Treasury benchmark yield of 10Y reached levels above 4.3%. The price of gold and USD...
Last week in the news The US inflation might be more persistent than initially expected by the market, at least per latest US inflation data, however, data on retail sales brings some confidence back. The US Treasuries reacted on the latest data, bringing 10Y yields back to the levels above the 4.2%. S&P 500 ended its first corrective week since the beginning of...
Last week in the news The S&P 500 continued with gains for the fifth straight week in a row, surpassing the 5.000 level. Investors continue to be optimistic regarding the performance of the US economy and expectations on the forthcoming rate cuts. This week, Bitcoin was also in a positive territory, increasing its value by 10%, and reaching shortly the $ 48K...
Last week in the news Fed kept interest rates unchanged during the previous week, with Powell`s note that they have “probably '' peaked, showing Fed`s final alignment with the market. Their decision had a modest impact on financial markets during the previous week, considering that it has been widely expected. The US equity indices continued to move around...
Last week in the news A new week and a new ATH for the S&P 500 during the first trading month in a year. Positive market optimism continues to be supported with expectations on forthcoming Fed rate cuts. On the other hand, the ECB meeting held during the previous week revealed potential for April`s rate cuts in the Euro Area. At the same time, USD, US Treasuries...
Last week in the news The market optimism continues to hold on financial markets for the second trading week in a year. The S&P 500 reached new all-time highs, surpassing the highs from the year 2022, reaching level of 4.840 on Friday. As USD gained a bit in strength, the US Treasury yields followed the path, while Gold remained relatively stable during the...
Last week in the news At the start of this year Bitcoin reached another important milestone in its further acceptance into the mainstream. During the previous week the US Securities and Exchange Commission approved the first spot BTC Exchange Traded Fund. Through this milestone, BTC managed to secure its future on the mainstream markets. How it will secure the...
Last week in the news Markets are slowly heating up after a Holiday break and summary of last year's results. For the majority the year 2023 was a positive one, although with a glimpse of turbulence. Gold managed to finally break the $2K psychological line, ending the year above $2.050 level. The S&P 500 also managed to reach new highs at the end of the year, in...
Last week in the news During the previous week the Western markets were preparing for the forthcoming Holiday session before the year-end. The positive market sentiment continued to prevail on the markets, as traders were preparing to book profits this year. The US equity markets were closed higher from the week before, with S&P 500 closing the week at yearly...