Week InReview: June 14, 2024
Association of Institutional INVESTORS Blog
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1d ago
BOJ prepares to deliver a policy decision. Japan’s turn | It’s the Bank of Japan’s turn to deliver a policy decision two days after the Federal Reserve. Japanese policymakers are widely expected to reduce bond purchases while holding the benchmark rate in a range between 0 and 0.1%. More than half of the economists surveyed by Bloomberg said the BOJ will slow the pace of bond buying from roughly ¥6 trillion ($38.2 billion) per month. That would be its first clear step toward quantitative tightening after it ended its massive stimulus program in March. &nb ..read more
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Week InAdvance: June 10, 2024
Association of Institutional INVESTORS Blog
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5d ago
Mon Jun 10 OECD gender equality forum. Dragon Boat Festival (Chinese celebration). | Tue Jun 11 Ukraine recover forum. Shavuot (Jewish celebration). | Wed Jun 12 US CPI. FOMC rate decision. Thailand rate decision. | Thu Jun 13 G7 leaders meet in Italy. | Fri Jun 14 BOJ monetary policy decision. | Sat Jun 15 Ukraine peace summit in Switzerland. | Sun Jun 16 Father’s Day celebrated internationally. Tony Awards in NYC ..read more
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Week InReview: June 7, 2024
Association of Institutional INVESTORS Blog
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1w ago
US equities, bonds lose steam before jobs report. Awaiting jobs report | US equities and bonds lost steam on the eve of a key jobs reading that will help shape the outlook for the Federal Reserve’s next steps. Stocks stalled near all-time highs as traders refrained from big bets. Treasuries wavered. The euro rose as the European Central Bank raised inflation forecasts after cutting rates. In the run-up to the payrolls reading, Wall Street waded through a slew of data. Jobless claims topped estimates, labor costs increased by less than previously reported ..read more
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Week InAdvance: June 3, 2024
Association of Institutional INVESTORS Blog
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1w ago
Tue Jun 4 CFTC's GMAC meets. 35th anniversary of China’s Tiananmen Square crackdown. Vote counting begins for India's general election. | Wed Jun 5 St Petersburg International Economic Forum. Bank of Canada and Polish central bank rate decisions. | Thu Jun 6 SEC's investor advisory panel meets. 90th anniversary of the Securities Exchange Act being signed into law, establishing the SEC. EU parliament voting begins. ECB rate decision. 80th anniversary of D-Day. | Fri Jun 7 US employment figures. EU GDP data. EU votes for new European Parliament. Reserve Bank of India and Russ ..read more
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Week InReview: May 31, 2024
Association of Institutional INVESTORS Blog
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2w ago
Stocks fall as traders await PCE. Awaiting PCEWall Street traders sent stocks down and bonds up after the latest round of economic data signaled a slowdown in momentum. Data showed the US grew at a softer pace than previously estimated — as both spending and inflation were marked down. Economic cooling means officials could have room to cut interest rates this year, but that might also be a concern for consumption and corporate profits. The S&P 500 dropped to 5,235, led by tech losses, while the Nasdaq 100 fell 1%. Federal Reserve Bank of New York Pre ..read more
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Week InAdvance: May 27, 2024
Association of Institutional INVESTORS Blog
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2w ago
Mon May 27 US Memorial Day holiday observed; financial markets closed. UK financial markets closed for spring bank holiday. IOSCO annual meeting in Athens. China, Japan, South Korea revive summit in bid to mend ties. | Wed May 29 Fed’s Beige Book survey on the health of America’s economy. US-China high-level climate event in California. Election in South Africa. | Thu May 30 WEF global tech retreat. | Fri May 31 FSB liquidity forum. | Sat Jun 1 First day of meteorological summer. OPEC ministerial meeting in Vienna. | Sun Jun 2 Presidential, Senate, and parliamenta ..read more
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Week InReview: May 24, 2024
Association of Institutional INVESTORS Blog
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3w ago
Stocks and bonds drop on rate outlook. Wall Street weighs data. Photo: Michael Nagle/Bloomberg Stocks Drop | US stocks and bonds fell on Thursday after surprisingly strong economic data caused traders to reduce bets that the Federal Reserve will cut rates this year. Rate-sensitive real estate and utility companies were the biggest casualties as the S&P 500 had its worst day in May. The yield on 10-year Treasuries climbed to the highest in more than a week. Nvidia, which on Wednesday reported better-than-expected results and a bullish o ..read more
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Week InAdvance: May 20, 2024
Association of Institutional INVESTORS Blog
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3w ago
Mon May 20 London’s 14th annual City Week. Julian Assange's final appeal hearing in London. | Tue May 21 Basel Committee HLM. Yellen to G7 finmins meeting in Italy. | Wed May 22 FOMC minutes. UK CPI. | Thu May 23 G7 FinMins meet in Italy. | Sat May 25 Cannes Film Festival concludes with the presentation of the Palme d’Or Award. | Sun May 26 IOSCO annual meeting in Athens ..read more
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Week InReview: May 17, 2024
Association of Institutional INVESTORS Blog
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1M ago
The Dow touches 40,000. Intraday record | US stocks hovered near their all-time highs, with the Dow Jones Industrial Average touching 40,000 on bets that rate cuts will keep powering Corporate America. The oldest of Wall Street’s three main stock indexes has been boosted by prospects of a resilient economy, ebbing inflation, and robust earnings. Traders also kept a close eye on a series of Fed speakers. Three said the central bank should keep borrowing costs high for longer as they await more evidence that inflation is easing, suggesting they’re not rushi ..read more
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Week InAdvance: May 13, 2024
Association of Institutional INVESTORS Blog
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1M ago
Mon May 13 G20 meeting on CRDCs and deb swaps. | Tue May 14 FINRA annual conference. Qatar econ forum. | Wed May 15 US CPI. Basel Committee, BIS liquidity conference. Putin’s plans to visit China. Buddha’s birthday, a national holiday in many Asian countries. | Thu May 16 SEC's 2nd annual conference on emerging trends in asset management. NATO's highest military authority meets. ECB's financial stability review ..read more
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