HomeEconomyTop 5 things to watch in the market in the week ahead Economy Top 5 things to watch in the market in the week ahead By inew July 2, 2023 0 44 views Share FacebookTwitterPinterestWhatsApp us11 +1.% Add/Remove from Watchlist Add Watchlist Add Job Job has been successfully added to: Please tell us your holding portfolio type: purchase Sell date: quantity: price Integral value: Leverage: 1:1 1: 1: 1: 15 1:14 1 : 14 1:14 1: 14 1: 45 Committee: 9536 Create New Watchlist Create Create a new position Portfolio Add Create95361000 + add another position to close 1000 RMB/USD -0.% 50 Add to/Remove from Watchlist Join the watch list Add location Location successfully added to: Please tell us your portfolio type: purchase Sell date: quantity: price Point value: Leverage: 1:1 1: 1: 1: 1: 11 1:11 1: 26 1: 26 1: 50 Committee: Create New Watchlist Create 149589536 9536 create a new holding portfolio add create + add another position to close 1000 IXIC +1.01% 100 Add/Remove from Watchlist ) Join the watch list Add location Location successfully added to: Please tell us your portfolio type: purchase Sell date: quantity: price Point value: Leverage: 1: 1 1: 1: 1: 10 1: 11 1: 23 1: 31 1:15 1: 45 Committee: CREATE NEW CREATE WATCHLIST 14958 14958 Created New Portfolio Addition Created 9536 + add another position to close Investing.com – – Friday’s non-farm payrolls report and Wednesday’s minutes of the Fed’s June meeting will be the highlights of the holiday-shortened week. Stocks are heading into the second half of the year after strong gains in the first six months of the year. The Reserve Bank of Australia will make its latest interest rate decision, while PMI data from China may underscore the need for more stimulus 3391. Non-farm employment population 200 Friday50 The U.S. jobs report will be the highlight, Economists expect the economy to grow 14, June job. Economic growth in May far exceeded expectations 11, jobs, despite 400 The unemployment rate rose to seven A monthly high of 3.7% indicated labor Momentum market conditions are easing. Signs of continued strength in the labor market may underscore the view that has helped lift markets this year: The U.S. economy can avoid a deep recession despite aggressive tightening by the Federal Reserve. “The labor market may end up proving to be an important catalyst for what is likely to happen in the market – Omar Ahmed, CEO & Chief Investment Officer, Schwab Asset Management Girard told Reuters. Ahead of Friday’s employment report, markets will get updates on other areas of the labor market as well as data from ADP , 200 JOLTS job vacancies and every Weekly Unemployment Claims. 200 2. Federal Reserve Meeting Minutes 100 The Federal Reserve will Release the minutes of the June meeting – Hold a meeting when rates are held steady after the post hiked rates straight away, but said two more hikes were coming this year, including one widely expected in July. On Friday, a closely watched measure of inflation by the U.S. central bank suggested that price pressures were cooling, fueling hopes that the Fed’s rate-hiking cycle is coming to an end. Minutes should give investors more insight into what the debate over Fed Chair Jerome Powell said was doing too little on policy tightening The risks of doing too much and doing too much are increasingly balanced. In comments last Thursday, Powell reiterated that a “vast majority” of Fed policymakers expect they will need to raise rates at least by the end of the year twice. 50 3. The second half begins 166 The U.S. stock market rose in the first half of the year 50, was higher despite a crisis in the banking sector and worries about the prospect of a recession. this339 Standard & Poor’s 26 has risen.9% since the beginning of the year and technology-heavy 400 Nasdaq Composite Index has get11.7%, the largest increase in the first half of the year) years. “We had a fairly resilient market in the first half of the year,” Edward Jones senior investment strategist Mona Mahajan told Reuters. “The big question the market needs to answer is what the economy will look like in the second half of the year.” Investors are hopeful that the strong first-half rally will be Markets head into the second half of the year to provide impetus, but this month will bring several market-moving events – Friday’s jobs report, followed by the start of second-quarter earnings season and next week’s Fed announcement in July. A major inflation report before a policy decision 11. 200 4. RBA decision 100 Reserve Bank of Australia leaves July policy unchanged 100 Tuesday meeting , the market is uncertain whether to raise the 4.1% cash rate further or pause to see how past tightening policies play out. The Reserve Bank of Australia raised interest rates sharply 26 Basis points over the past year have attempted to cool demand and curb high inflation. Elastic 200 Last Thursday’s retail sales data suggested another The buffer data showed that inflation slowed sharply in May to Over the years, the stakes have been tightened. This followed a blockbuster mid-month jobs report that boosted rate hike bets, but the June meeting minutes unexpectedly Rate hike bets fell after the dovish, showing the rate hike decision was “delicately balanced.” 45 5. China Factory Purchasing Managers Index 40 China will release 200 Monday Caixin Purchasing Managers Index will provide the latest data on the strength of the manufacturing sector as the post-pandemic recovery of the world’s second-largest economy falters. The data could underscore the need for more stimulus at home and abroad amid weak demand and support a weakening currency. this500 yuan has fallen nearly 5% and the dollar is the worst performing Asian currency this year one. The widening gap between U.S. and Chinese bond yields has weighed on the U.S. and China amid growing divergence in monetary policy. Yuan. — Reuters contributed to this report Share FacebookTwitterPinterestWhatsApp Previous articleEwan McGregor on why he grows a mustache, how daughter Clara 'kept her old dad working' and why action blockbusters require 'stamina'Next articleAnime Expo 2023 – Meet Kafka Asagiri, creator of Bungo Stray Dogs inewhttps://inew.news RELATED ARTICLES Economy German firms less willing to hire amid lacklustre economy -Ifo September 27, 2023 Economy German consumer sentiment unlikely to recover this year -GfK September 27, 2023 Economy Australian inflation picks up in Aug as fuel prices jump September 27, 2023 LEAVE A REPLY Cancel reply Comment: Please enter your comment! Name:* Please enter your name here Email:* You have entered an incorrect email address! Please enter your email address here Website: Save my name, email, and website in this browser for the next time I comment. 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