Category Archives: Today’s Analysis
Fed raises interest rate by 75bps, US stock market falls
Written on November 3, 2022 at 2:10 am, by anakin
US stocks tumbled heavily on Wednesday, witnessing fresh downside momentum and surrendered all of their daily gains after the Fed chief Powell said the Fed still has some ways to go in its policy cycle as rates could peak at higher levels than previously thought. The US Federal Reserve announced that it raised the policyContinue Reading
Fed expected to raise rates by 75bps
Written on November 2, 2022 at 2:18 am, by anakin
US stocks suffered daily losses on Tuesday, failing to preserve their upside traction and finished lower as the upbeat US data bolstered speculation that Federal Reserve policy could remain aggressively tight despite the threat of a recession. The Fed’s 75 bps rate hike might keep weighing on equity markets in absence of signals favouring aContinue Reading
Markets await Federal Reserve rate decision
Written on November 1, 2022 at 1:59 am, by anakin
US stocks declined lower on Monday, coming under selling pressure and trimming its big October rally as investors awaited Wednesday’s Federal Reserve decision for clues on whether officials will dial back the pace of rate hikes as early as December. Investors are now in anticipation of continued rate hikes from central banks that will causeContinue Reading
US Dollar burden from Fed scaling back monetary tightening
Written on October 31, 2022 at 12:00 am, by anakin
US stocks rallied on Friday, regaining upside momentum and ended a turbulent week with a sizable gain as the economic data suggested that the Federal Reserve’s battle against inflation is making progress. Investors have already priced in a 0.75% hike by the Fed in December, but the increasing rumours about the possibility of scaling downContinue Reading
GDP expanded more than expected, signalling decreasing inflation
Written on October 28, 2022 at 1:12 am, by anakin
U.S. equities were mixed throughout yesterday’s trading. The Dow Jones Industrial Average gained 0.61% to close at 32033.28. The S&P 500 lost 0.61% to close at 3807.3. The tech-heavy Nasdaq Composite plunged 1.63% to close at 10792.68. The Dow Jones Industrial Average was able to close higher on Thursday after new data showed third quarterContinue Reading
ECB expected to raise 75bps
Written on October 27, 2022 at 1:24 am, by anakin
U.S. equities rose for the third consecutive session. The Dow Jones Industrial Average rose 0.01% to close at 31839.11. The S&P 500 dropped 0.74% to close at 3830.6. The tech-heavy Nasdaq Composite dropped 2.04% to close at 10970.99. The knock-on effect from the tightened grip of Chinese President Xi in China continues, and the U.S.Continue Reading
Earnings season continues to give equities a breather
Written on October 26, 2022 at 1:52 am, by anakin
U.S. equities rose for the third consecutive session. The Dow Jones Industrial Average rose 1.07% to close at 31836.74. The S&P 500 rose 1.63% to close at 3859.11. The tech-heavy Nasdaq Composite soared 2.25% to close at 11199.12. Equities were buoyed by the falling U.S Greenback and the retreating U.S. short-term treasury yield. The benchmarkContinue Reading
US stocks rise on the first day of the week
Written on October 25, 2022 at 1:49 am, by anakin
U.S. equities traded higher over the course of yesterday’s trading. The Dow Jones Industrial Average gained 1.34% to close at 31499.62. The S&P500 gained 1.19% to close at 3797.34. The tech-heavy Nasdaq Composite gained 0.86% to close at 10952.61. The Dow came back from its best 3-week stretch since Nov 2022 and closed at theContinue Reading
US 10-year treasury yield dropped, Fed possibly to slow the pace of hikes
Written on October 24, 2022 at 12:00 am, by anakin
U.S. equities traded higher over the course of yesterday’s trading. The Dow Jones Industrial Average gained 2.47% to close at 31082.56. The S&P500 gained 2.37% to close at 3752.75 The tech-heavy Nasdaq Composite gained 2.31% to close at 10859.72. Equities hit the best week since June despite the 10-year Treasury yield surging to its highestContinue Reading
Stocks were volatile Thursday, as 10-year yields spiked
Written on October 21, 2022 at 1:24 am, by anakin
U.S. equities traded lower over the course of yesterday’s trading. The Dow Jones Industrial Average lost 0.3% to close at 30333.59. The S&P500 lost 0.8% to close at 3665.78. The tech-heavy Nasdaq Composite lost 0.61% to close at 10614.84. Equities rose in the first half of the American trading session, as the initial jobless claimsContinue Reading
