Surging Markets: A Week of Record Highs and Key Risk Events Ahead

Stay informed on surging markets with a breakdown of a week of record highs and key risk events ahead and central bank updates for investors.

Investors celebrated last week as US stock markets surged to new record highs, propelled by the strength of tech and AI-dominated stocks. As the fresh trading week unfolds, the market remains buoyant. Still, attention shifts to key data releases and central bank updates that could pose challenges or unveil fresh trading opportunities.

Here’s a comprehensive day-by-day breakdown of the significant risk events scheduled for this week:

Monday

The week begins on a subdued note, with minimal market-moving events. Sterling traders will closely monitor speeches by MPC members Breeden and Pill during the London and New York sessions, alongside releasing the latest US New Home Sales data.

Tuesday

Another relatively calm day precedes the flurry of updates later in the week. Tier 1 data releases are limited to the North American time zone, featuring the US Durable Goods data release and CB Consumer Confidence numbers.

Wednesday

Market activity starts to intensify, mainly focusing on the antipodean regions. Australia’s market awaits key CPI data, followed by the RBNZ’s cash rate call across the Tasman. While the European session remains subdued, US traders will scrutinize Prelim GDP numbers and await insights from FOMC members Bostic and Williams.

Surging Markets: A Week of Record Highs and Key Risk Events Ahead

Thursday

Anticipated as the busiest day of the week regarding risk events, G20 Meetings commence, promising updates throughout the day. The Asian session begins with attention to Australia’s Retail Sales numbers. Meanwhile, Europe sees many data releases, including German Prelim CPI, Swiss GDP, and Spanish CPI numbers. In the US session, traders await Canadian GDP data and the highlight of the week, the US PCE Price Index, a crucial inflation metric favored by the Fed, alongside the customary weekly unemployment claims data.

Friday

Market momentum carries into the week’s final trading day—attention in APAC shifts to the Chinese market with the release of Manufacturing and non-manufacturing PMI numbers. The European session features the latest Core CPI Flash Estimate for the Eurozone. Meanwhile, the New York session brings forth more US data, this time the ISM Manufacturing PMI numbers followed by the University of Michigan’s Consumer Sentiment data.

In conclusion, despite the euphoria of record highs, investors remain vigilant as they navigate a week packed with significant data releases and central bank updates. The interplay of these events will likely shape market sentiment and present challenges and opportunities for traders in the days ahead.

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