{"id":10507,"date":"2024-03-04T09:40:59","date_gmt":"2024-03-04T09:40:59","guid":{"rendered":"https:\/\/www.vtmarkets.net\/?p=10507"},"modified":"2025-02-22T08:04:13","modified_gmt":"2025-02-22T08:04:13","slug":"weekly-market-analysis-central-bank-decisions-jobs-report-awaited-amid-record-stock-market-momentum","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.net\/fr\/analysis\/weekly-market-analysis-central-bank-decisions-jobs-report-awaited-amid-record-stock-market-momentum\/","title":{"rendered":"Weekly Market Analysis: Central Bank Decisions, Jobs Report Awaited Amid Record Stock Market Momentum"},"content":{"rendered":"\n<p><strong>Economic news:&nbsp;<\/strong>No notable economic releases.<\/p>\n\n\n\n<p><strong>Earnings:&nbsp;<\/strong>Gitlab (<a href=\"https:\/\/finance.yahoo.com\/quote\/GTLB?.tsrc=fin-srch\" target=\"_blank\" rel=\"noreferrer noopener\">GTLB<\/a>), Stitch Fix (<a href=\"https:\/\/finance.yahoo.com\/quote\/SFIX\" target=\"_blank\" rel=\"noreferrer noopener\">SFIX<\/a>), ThredUp (<a href=\"https:\/\/finance.yahoo.com\/quote\/TDUP\" target=\"_blank\" rel=\"noreferrer noopener\">TDUP<\/a>)<\/p>\n\n\n\n<h5 class=\"wp-block-heading\"><strong><u>CURRENCIES:<\/u><\/strong><\/h5>\n\n\n\n<p><strong>Gold Breakout and Market Volatility Ahead:<\/strong> With central bank decisions and the U.S. jobs report on the horizon, this week is poised for potential market shifts.<\/p>\n\n\n\n<p><strong>Tuesday&#8217;s Focus on U.S. Services:<\/strong> The ISM Services PMI for February is expected to show a slight decline to 53.0. Any significant variance could influence the U.S. dollar by affecting FOMC rate expectations.<\/p>\n\n\n\n<p><strong>Central Bank Decisions on Wednesday:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The Bank of Canada is likely to maintain its current interest rate, with attention on any hints regarding future rate policies.<\/li>\n\n\n\n<li>Fed Chair Powell&#8217;s testimony to Congress will provide insights into the Fed&#8217;s monetary policy outlook, particularly regarding rate cuts.<\/li>\n<\/ul>\n\n\n\n<p><strong>ECB Decision and Powell&#8217;s Testimony on Thursday:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>No rate changes expected from the ECB, but a dovish stance could pressure the euro.<\/li>\n\n\n\n<li>Powell&#8217;s second testimony to the Senate, following Wednesday&#8217;s address, may not offer new insights.<\/li>\n<\/ul>\n\n\n\n<p><\/p>\n\n\n\n<p><strong>U.S. Jobs Report on Friday<\/strong>: The nonfarm payrolls report is anticipated to show 200K jobs added in February. Strong job growth could delay the Fed&#8217;s rate cuts, affecting the U.S. dollar and gold prices, whereas weak growth could prompt a dovish Fed outlook, potentially boosting gold.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<h5 class=\"wp-block-heading\"><strong><u>STOCK MARKET:<\/u><\/strong><\/h5>\n\n\n\n<p><strong>Stock Market Records:<\/strong> The S&amp;P 500 and Nasdaq ended the week at all-time highs, with the S&amp;P 500 marking a significant rising streak for the first time since 1971, as noted by Deutsche Bank.<\/p>\n\n\n\n<p><strong>Key Events Ahead:<\/strong> The stock market&#8217;s rally faces tests with Federal Reserve Chair Jerome Powell&#8217;s Capitol Hill testimony and the February jobs report. Additional focus will be on services sector activity and job openings updates.<\/p>\n\n\n\n<p><strong>Earnings Reports: <\/strong>With most S&amp;P 500 companies having reported, notable earnings from Target, Costco, and Kroger are anticipated in the coming week.<\/p>\n\n\n\n<p><strong>Federal Reserve Update:<\/strong> Jerome Powell is scheduled for his semi-annual monetary policy testimony, which will be closely watched for insights on the US economy, inflation, and interest rate cut expectations. Markets anticipate three rate cuts starting in June.<\/p>\n\n\n\n<p><strong>Labor Market Outlook:<\/strong> The February jobs report, highlighting nonfarm payroll additions and the unemployment rate, will be critical. A strong labor market is essential for smooth policy shifts and avoiding a recession.<\/p>\n\n\n\n<p><strong>Earnings Season Wrap-up:<\/strong> The S&amp;P 500 shows a 4% earnings growth in the fourth quarter, indicating the second consecutive quarter of growth. Analysts have made smaller-than-average downward revisions for the current quarter&#8217;s earnings estimates.<\/p>\n\n\n\n<p><strong>Market Momentum:<\/strong> Despite expectations of a volatile start to 2024, the S&amp;P 500 and Nasdaq saw their best February since 2015. Historical trends suggest continued positive momentum for the stock market through the year.<\/p>\n\n\n\n<p>Start your\u00a0<a href=\"https:\/\/www.vtmarkets.net\/cfd-shares\/us-cfd-shares\/\" target=\"_blank\" rel=\"noreferrer noopener\">CFD Shares Trading<\/a>\u00a0journey with VT Markets now!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Economic news:&nbsp;No notable economic releases. Earnings:&nbsp;Gitlab (GTLB), Stitch Fix (SFIX), ThredUp (TDUP) CURRENCIES: Gold Breakout and Market Volatility Ahead: With central bank decisions and the U.S. jobs report on the horizon, this week is poised for potential market shifts. Tuesday&#8217;s Focus on U.S. Services: The ISM Services PMI for February is expected to show a<a href=\"https:\/\/www.vtmarkets.net\/fr\/analysis\/weekly-market-analysis-central-bank-decisions-jobs-report-awaited-amid-record-stock-market-momentum\/\" class=\"read-more\">Continue Reading<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[19],"tags":[],"class_list":["post-10507","post","type-post","status-publish","format-standard","hentry","category-analysis"],"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.vtmarkets.net\/fr\/wp-json\/wp\/v2\/posts\/10507","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vtmarkets.net\/fr\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarkets.net\/fr\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.net\/fr\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.net\/fr\/wp-json\/wp\/v2\/comments?post=10507"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.net\/fr\/wp-json\/wp\/v2\/posts\/10507\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.net\/fr\/wp-json\/wp\/v2\/media?parent=10507"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.net\/fr\/wp-json\/wp\/v2\/categories?post=10507"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.net\/fr\/wp-json\/wp\/v2\/tags?post=10507"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}