About: anakin

Recent Posts by anakin

JUL 03,2020

Daily Market Analysis Market Focus The US Nonfarm Payroll report showed that the country has added 4.8 million new jobs in June while the unemployment rate dropped to 11.1%, both much better than anticipated. However, other employment related data such as the Average Hourly Earnings missed market’s expectations. Ahead of the release, equities were up,Continue Reading

Written on July 3, 2020 at 1:56 am
Categories: Today's Analysis

JUL 02,2020

Market Focus ISM Manufacturing PMI rose to 52.6 from previous 43.1, beating estimate of 49.5. The printed figure was the highest number recorded in a year. ADP’ private-sector jobs rose by 2.369 million in June, ADP Research Institute vice president said “as the economy slowly continues to recover, we are seeing a significant reboundContinue Reading

Written on July 2, 2020 at 1:45 am
Categories: Today's Analysis

JUL 01,2020

Daily Market Analysis Market Focus US benchmarks ended higher on Tuesday, seeing off the best quarter for Wall Street since 1998. The S&P 500 gained 1.5% to 3,100 while the Dow Jones Industrial Average added 0.9%, which is equivalent to 217 points, and hit 25,812. Lastly, the Nasdaq Composite rallied 1.9% to finish theContinue Reading

Written on July 1, 2020 at 2:02 am
Categories: Today's Analysis

JUN 30,2020

Market Focus Total death toll worldwide has surpassed 500,000 and confirmed cases exceeded 10 million. WHO warned that the worst scenario has yet to come. European Union governments is considering extending a travel ban for US residents for at least two weeks. On the other hand, several US states decided to halt plans toContinue Reading

Written on July 1, 2020 at 1:50 am
Categories: Today's Analysis

JUN 29,2020

Daily Market Analysis Market Focus Toward the end of trading Friday, the Dow traded down 2.72% to 25,044.16 while NASDAQ dropped 2.18% to 9798. Additionally, the S&P 500 also fell 2.19%, hitting 3016.20. The main driving force for the poor Wall Street indexes performance is still the accumulating new COVID-19 cases; currently, the USContinue Reading

Written on July 1, 2020 at 1:43 am
Categories: Today's Analysis