Category Archives: Today’s Analysis
US equities climbed as the stronger jobs data would support more aggressive policy
Written on December 30, 2022 at 8:44 am, by anakin
US stocks rose in a broad-based rally and Treasury yields fell as data allayed fears of a supercharged jobs market that would support a more aggressive policy path. A gauge of the dollar fell. Investors took solace in US jobs data that failed to reveal unwanted surprises while underscoring the resilience of the labour marketContinue Reading
US stocks fall due to COVID-19 concerns
Written on December 29, 2022 at 1:16 am, by anakin
US stocks were dragged lower for a second day, as stocks in Asia headed for declines on Wednesday with fresh concerns about the spread of Covid-19 from China unnerved investors. Market appetite for risk waned on news that the US would require inbound airline passengers from China to show a negative Covid-19 test before entry.Continue Reading
US 10-year treasuries climbed as China lifted the visitor quarantine
Written on December 28, 2022 at 1:24 am, by anakin
US stocks fall to start the final week of 2022 trading. Tesla Inc. shares led to losses as a report of a plan to temporarily halt production at its China factory rekindled fears about demand risks. Besides, Apple Inc. touched the lowest since June 2021 amid a slump in big tech. Moreover, Southwest Airlines Co.Continue Reading
Market flat in end-of-year holiday season
Written on December 27, 2022 at 1:24 am, by anakin
US stock ended Friday’s session with gains as investors digested data showing inflation is continuing to ease and the Federal Reserve’s rate hikes are serving their purpose. Data on Friday showed the Fed’s closely watched measure of inflation cooling and consumer spending stagnating. Consumers’ year-ahead inflation expectations also dropped this month to the lowest sinceContinue Reading
The Fed said the economy can handle more tightening
Written on December 23, 2022 at 2:34 am, by anakin
US equities dropped on Thursday, as investors digested data validating the Federal Reserve’s assertion that the economy is robust enough to withstand more tightening. Technology stocks were battered after a gloomy outlook from chipmaker Micron Technologies Inc. weighed on sentiment. Data released on Thursday painted a picture of a resilient economy, stoking concern that theContinue Reading
US Consumer Confidence boosted the sentiment
Written on December 22, 2022 at 1:37 am, by anakin
US equities rallied for a second day, as an improvement in consumer confidence and better-than-expected earnings boosted sentiment. Treasuries were mixed after Tuesday’s selloff following the Bank of Japan’s unexpected increase in its yield trading band ebbed. Market participants did not hear from Fed speakers this week, which also helped fuel the so-called ‘Santa rally’Continue Reading
Bank of Japan maintains policy rate, raises upper band yield target
Written on December 21, 2022 at 2:15 am, by anakin
The US Dollar index dropped 0.73% daily on Tuesday, tumbling following a sudden announcement from the Bank of Japan(BoJ). Despite the Bank of Japan keeping their policy rate unchanged, the increase in the upper band limit on the yield target caused the surge of Yen and weighed on the DXY index. US stocks oscillated betweenContinue Reading
US Stock fell as market worries about recession
Written on December 20, 2022 at 1:40 am, by anakin
As global investors worry about a recession, U.S. stocks fell on Monday. The Dow fell 162.92 points to 32757.54. S&P 500 dropped 34.7 points to 3817.66. Tech-heavy Nasdaq rose 159.38 points to 10546.03. The Fed, BoE, and ECB raised rates by 50 basis points last week to curb inflation. The benchmark 10-year U.S. government yieldContinue Reading
Fed officials: Rates will continue to rise
Written on December 19, 2022 at 12:37 am, by anakin
US stocks confronted the longest weekly losing streak since September, as investors were concerned that the Federal Reserve’s resolve to keep raising rates could tip the economy into a recession. Market participants had cheered the softer-than-expected inflation data earlier this week. However, that euphoria faded as Fed officials hammered home the message that rates willContinue Reading
SNB, BoE and ECB raised their interest rates by 50 bps
Written on December 16, 2022 at 1:31 am, by anakin
This Friday, after hawkish signals from central banks, sparked a rout in US and European shares and a rally in the dollar. The S&P 500 closed at its lowest level in more than a month and the dollar climbed the most since September as investors sought haven assets after warnings by the Federal Reserve andContinue Reading
