Category Archives: Today’s Analysis
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
US Stock Market Gains Amid Financial Stability Assurances and Rate Cut Speculation
Written on March 27, 2023 at 2:46 am, by anakin
The US stock market closed higher on Friday after regulators assured investors of financial stability, while speculation grew that policymakers will have to consider a rate cut to prevent a recession. Amid concerns over the recent failure of some US regional lenders and the near-collapse of banking giant Credit Suisse Group AG, global authorities haveContinue Reading
US Stock Market Rebounds as Traders Flock to Tech Giants Amidst Economic Uncertainty
Written on March 24, 2023 at 2:25 am, by anakin
Despite earlier losses, the US stock market made a significant recovery as traders flocked to some of the world’s largest technology firms, viewed as a reliable haven amidst economic uncertainty and market volatility. In the wake of recent banking instability, these technology stalwarts have generally outperformed other sectors. Despite Treasury Secretary Janet Yellen’s assurances toContinue Reading
