Macro Update for the Week 3/10/2022 – 7/10/2022Oct 3, 2022

Last week Dow lost 2.9%, the S&P 500 2.9%, and the Nasdaq 2.7% weekly. On a monthly basis, the industrials index fell 8.8%, the broader market index fell 9.3% and the technology index posted double-digit losses at 10.5%.

The Economic Calendar of the week (3/10 – 7/10) has very interesting readings, such as Germany Manufacturing PMI, as well as the Eurozone’s, UK’s, China’s, and the US‘s one for September, Australia Interest Rate DecisionUS Job Openings for August, Germany Services PMI for September, as well as Eurozone’s, and UK’s,  U.S Crude Oil Inventories (weekly release),  US Trade Balance for September, Germany Factory Orders for August, UK Construction PMI for September, U.S Initial Jobless Claims (weekly released), Japan Household Spending for August, Germany Industrial Production for September,  US Nonfarm Payrolls,  and US Unemployment Rate for September, including the speaking of Mrs. Lagarde and Mr. Powel.  

by Stavros Chanidis

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