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Market Focus US stock advanced on Thursday amid risk-on market sentiment, closing at all-time high and rose for a third day as investors considered that the economic recovery can resist the impact of the Omicron coronavirus variant. On Thursday, Merck & Co.’s Covid-19 pill was cleared by US regulators, giving high-risk patients another option forContinue Reading
Written on December 24, 2021 at 4:38 am
Categories: Today's Analysis
Market Focus US stock advanced on Wednesday amid risk-on market sentiment, continuing to climb for a second day as investors considered that the pandemic of the Omicron coronavirus variant won’t derail the economic recovery. The FDA announced that it had approved Pfizer’s highly effective Covid-19 treatment pill for emergency use in the US . Moreover,Continue Reading
Written on December 23, 2021 at 3:08 am
Categories: Today's Analysis
Market Focus US stock advanced on Tuesday amid risk-on market sentiment, rebounding from its biggest three-day slide since September as the market demand for risk assets increased. Despite US Democrat Senator Joe Manchin rejected Biden administration’s $1.75T Build Back Better (BBB) social spending package yesterday, President Joe Biden said that he still has a chanceContinue Reading
Written on December 22, 2021 at 2:08 am
Categories: Today's Analysis
Market Focus US stock declined on Monday amid downbeat market sentiment, making its biggest three-day drop since September as the concerns about the rapid spread of the Omicron variant in Europe dragged down stocks. After the Netherlands announced a full lockdown on Sunday, the UK is rumored to be planning a lockdown from 27 DecemberContinue Reading
Written on December 21, 2021 at 1:42 am
Categories: Today's Analysis
Market Focus US stock declined on Friday amid downbeat market sentiment, dropping to two-weeks lows as traders and market participants weigh up this week’s main macro narratives, including the Fed’s hawkish pivot. The Fed and the European Central Bank both started to tighten their monetary policy, given the fact that they see inflation pressures asContinue Reading
Written on December 19, 2021 at 11:45 pm
Categories: Today's Analysis
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