BH2MG · Global Market Analysis

Financial Learning Reference Index

Public definitions and explanations used in market education.

• ADP National Employment Report

  Private-sector employment estimate; not the same as official payrolls.

• Advanced Micro Devices

  Semiconductor company designing CPUs, GPUs and accelerators used in PCs, servers and artificial-intelligence computing.

• Amazon

  Amazon.com, Inc., e-commerce and cloud infrastructure issuer

• Bank of England

  The United Kingdom's central bank.

• Bank of Japan

  Japan’s central bank and monetary-policy authority.

• Brent crude

  Important global oil-price benchmark.

• Bureau of Labor Statistics

  U.S. federal statistical agency that publishes employment and price data.

• CAPEX

  Expenditure on long-term productive assets.

• CPI

  Consumer Price Index; a measure of price changes for households.

• Dow Jones Industrial Average

  A price-weighted index of 30 large U.S. companies.

• Employment Cost Index

  Changes in employee compensation costs for a fixed employment mix.

• European Central Bank

  Monetary-policy authority for the euro area.

• Federal Reserve

  Central banking system of the United States.

• FOMC

  Federal Reserve committee that makes key monetary-policy decisions.

• GDP

  Gross domestic product, a measure of aggregate economic output.

• ISM Manufacturing PMI

  Survey diffusion measure of U.S. manufacturing conditions.

• JOLTS

  Job Openings and Labor Turnover Survey.

• Nasdaq Composite

  Index of listed securities on the Nasdaq stock market.

• Nvidia

  Semiconductor company known for graphics processors and accelerated-computing platforms.

• PCE

  Personal consumption expenditures inflation measure.

• PMI

  Purchasing Managers’ Index, a business-survey diffusion indicator.

• Russell 2000

  U.S. small-cap equity index.

• S&P 500

  U.S. large-cap equity index.

• Statistics Canada

  Canada’s national statistical agency, which publishes the Labour Force Survey and other official economic statistics.

• STOXX Europe 600

  Broad European equity index comprising 600 companies from multiple countries.

• U.S. 10-year Treasury yield

  Ten-year U.S. sovereign bond yield benchmark; distinct from the Federal Reserve policy rate.

• U.S. 2-year Treasury yield

  Yield on the U.S. Treasury security with roughly two years to maturity.

• U.S. Employment Situation

  Monthly U.S. Bureau of Labor Statistics release covering nonfarm payrolls, unemployment, wages and related labour-market measures.

• University of Michigan Consumer Sentiment Index

  U.S. household survey of consumer confidence and inflation expectations.

• University of Michigan Inflation Expectations

  Survey measures of U.S. household expectations for inflation over short and longer horizons, published with the University of Michigan Surveys of Consumers.

• VIX

  Options-implied measure of expected S&P 500 volatility.

• West Texas Intermediate

  U.S. crude-oil benchmark.

• XLK

  A U.S.-listed exchange-traded fund providing technology-sector exposure. Used as a sector comparator; its price return differs from an index total return and includes fund-specific risks.

• XLY

  A U.S.-listed exchange-traded fund providing consumer discretionary sector exposure. Its holdings and concentration make it an imperfect comparator for any single company.