Category Archives: Today’s Analysis
Aug 14,2020
Written on August 14, 2020 at 2:31 am, by anakin
Daily Market Analysis Market Focus US equity market was mixed as stimulus negotiations linger. The White House and the Treasury is $1 trillion away from reaching a deal, “we have made clear to the administration that we are willing to come down $1 trillion if they will come up $1 trillion. We are willingContinue Reading
Aug 13,2020
Written on August 13, 2020 at 5:53 am, by anakin
Daily Market Analysis Market Focus An American biotechnological company, Moderna Inc. reached an unprecedented deal of $1.5 billion with the Trump administration to supply 100 million does of its experimental vaccine for COVID-19. Under the deal, Moderna Inc. will provide about 100 million does, with the price of around $30.50 per person. In the meantime,Continue Reading
Aug 12,2020
Written on August 12, 2020 at 6:12 am, by anakin
Daily Market Analysis Market Focus President Donald Trump is considering a tax cut on capital gains and American hospitalization for coronavirus fell to their lowest in a month. “We’re considering a capital tax cut, which could create a lot more jobs,” Trump said on the White House news conference. The president has to issue anContinue Reading
Aug 11,2020
Written on August 11, 2020 at 3:19 am, by anakin
Daily Market Analysis Market Focus U.S. market was fluctuating with mixed information. Dow Jones gained as investors considered more earning results and potential outcomes for coronavirus- related stimulus. Despite of failing to make progress on a new coronavirus stimulus plan last week, raising the uncertainty about U.S. economy recovery, investors kept up their hope onContinue Reading
Aug 6,2020
Written on August 6, 2020 at 5:06 am, by anakin
Daily Market Analysis Market Focus US and European equity edged higher amid encouraging news on the vaccine front. Novavax joins the ranks of AstraZeneca Plc, Moderna Inc., Pfizer Inc. and BioNTech SE which has all reported Phase 1 results for the COVID-19 vaccine. The S&P 500 Index headed for a fourth consecutive rise. Continue Reading
Aug 4,2020
Written on August 4, 2020 at 3:07 am, by anakin
Daily Market Analysis Market Focus US equity advanced as positive economic data outweighed pandemic pessimism. The White House is concerned about the economic impact of the benefits having expired on Friday, and was said to consider acting on its own to boost unemployment benefits, however it wasn’t immediately clear how Trump administration may beContinue Reading
Agu 3,2020
Written on August 3, 2020 at 10:04 am, by anakin
Daily Market Analysis Market Focus U.S. market continues to fall amid the concern of a resurgence of COVID-19 and a selloff in giant oil businesses. Energy shares, such as Exxon and Chevron, lead declines in the S&P500. Along with recent poor fundamentals, U.S. economic rebound might make it tougher for equities to gain furtherContinue Reading
JUL 31,2020
Written on July 31, 2020 at 2:36 am, by anakin
Daily Market Analysis Market Focus President Donald Trump floated the idea of delaying this year’s US election on Thursday, suggesting “with the Universal Main-In Voting (not Absentee Voting, which is good), 2020 will be the most INACCURATE & FRADULENT Election in history.” Meanwhile, we witnessed what the pandemic could do to US economy, USContinue Reading
JUL 30,2020
Written on July 30, 2020 at 3:49 am, by anakin
Daily Market Analysis Market Focus Fed Chairman Jerome Powell signifies that the Federal Reserve will do whatever it can to help the U.S. economy and its labor market. The U.S. stocks climb on speculation as investors are looking for a potential rebound through a batch of corporate earnings and the economic stimulus from theContinue Reading
JUL 29,2020
Written on July 29, 2020 at 3:43 am, by anakin
Daily Market Analysis Market Focus The Fed extended most of its emergency lending programs by three months, to help revive the desperate economy. Since mid-March, the Federal Reserve has opened nine emergency programs aimed at injecting liquidity into short-term credit markets and extending credit to businesses and local governments. The facilities have the potentialContinue Reading