Category Archives: Today’s Analysis
U.S. Equity Futures Edge Higher Ahead of Key Economic Data and Earnings Season
Written on April 10, 2023 at 1:53 am, by anakin
Investors are eyeing key inflation data and the start of the first-quarter earnings season as U.S. equity futures edge up slightly on Sunday evening. Let’s take a closer look at the latest market developments and economic data reports to determine their potential impact on the market. Futures tied to the S&P 500 rose 0.2%, andContinue Reading
Renewed Rush to Safety as Economic Data Disappoints: Is a Recession Imminent?
Written on April 6, 2023 at 2:00 am, by anakin
Following the release of weaker-than-expected economic data, Wall Street experienced a renewed rush to safety, with bonds surging and equities plummeting. This has rekindled concerns that a recession may be looming, sending shockwaves across the financial markets. The 10-year Treasury yield tumbled to its lowest point since September, now standing at around 1.5 percentage pointsContinue Reading
Stock Market Rally Ends as Banks Experience Selloff
Written on April 5, 2023 at 3:30 am, by anakin
The stock market’s four-day rally came to a halt as banks experienced a selloff, which pulled down the Dow Jones Industrial Average by 0.6% and the S&P500 by 0.58% on Tuesday. This sudden dip in the market was mainly caused by a drop in major financial institutions such as Wells Fargo & Co. and CitigroupContinue Reading
Treasury Prices Rise as Factory Activity Gauge Contracts More Than Expected
Written on April 4, 2023 at 5:01 am, by anakin
Treasury prices climbed higher on Monday as a US factory activity gauge contracted more than expected. This news tempered concerns about inflation that were fueled by OPEC+’s surprise decision to cut oil production. Let’s take a closer look at what happened. In March, the Institute for Supply Management’s gauge of manufacturing activity dropped to 46.3.Continue Reading
US Technology Shares Rally as Inflation Concerns Ease
Written on April 3, 2023 at 2:34 am, by anakin
US technology shares have continued to rally this week as concerns over inflation have eased following a modest increase in the Fed’s preferred measure of inflation in February. The rise in tech shares coincided with a rise in Treasury prices, which saw the two-year yield fall to around 4.05% while the 10-year maturity dipped toContinue Reading
Market Focus: All eyes on US Jobs Data and RBA Rate Statement
Written on April 3, 2023 at 2:00 am, by anakin
This week marks the start of the second quarter of 2023, and it’s lined up with some major economic events. Keep your eyes on news from the Reserve Bank of Australia and the Reserve Bank of New Zealand on their imminent interest rate announcements. Also, the eagerly-anticipated US jobs report is set to be releasedContinue Reading
Federal Reserve Officials Suggest Monetary Tightening, Markets Respond Positively
Written on March 31, 2023 at 3:53 am, by anakin
Recent market gains were heavily influenced by statements from Federal Reserve officials who suggested the need for further monetary tightening, despite recent bank failures. Boston Fed President, Susan Collins, highlighted the importance of tightening policies. Meanwhile, Richmond Fed President, Thomas Barkin, stated that the Fed could increase rates further if inflation risks persist. Minneapolis FedContinue Reading
US Stock Markets Make Gains as Tech and Financial Shares Rally
Written on March 30, 2023 at 3:15 am, by anakin
US stock markets experienced gains on Wednesday, with tech and financial shares leading the way, as investor risk appetite recovered from recent banking sector turmoil. The financial sector was hit hard by the collapse of three US banks this month but managed to rally on Wednesday, despite reports that the Federal Deposit Insurance Corp. wasContinue Reading
US Equity Market Falls as Tech Stocks Decline and Investors Anticipate Inflation Data
Written on March 29, 2023 at 3:10 am, by anakin
On Tuesday, the US equity market took a slight hit as investors reassessed their bets on the Federal Reserve’s interest rate policies. The three-day advance of US stocks came to a halt as technology shares declined, while Treasuries saw a slight dip. Investors have been favoring tech stocks in recent weeks, moving away from financialsContinue Reading
US Stocks Get Boost from Financial Shares as Tech Slumps: Banking Sector Continues to be Monitored
Written on March 28, 2023 at 1:35 am, by anakin
Financial stocks provided a much-needed boost to US stocks on Monday, with Treasuries retracting due to a decrease in concerns over banking turmoil. However, tech shares took a hit after experiencing a surge in the previous week. The purchase of Silicon Valley Bank by First Citizens BancShares Inc. caused a gauge of regional lenders toContinue Reading
