Global equities were dominated by the US Fed's hawkish stance in August, bringing all major indices into the red as investors expect more rate hikes. News flow in China were a mix of good and bad, which saw equities in China ending on a mixed note. However, the New Economy Sectors fared better than the broader market as encouraging news ...
Global markets bounced back into the green last month thanks to strong earnings reported across the board, accompanied by dovish comments by the Fed despite another 75 b.p rate hike in July, along with news that the economy contracted for the second consecutive quarter. However, in China, markets moved in the opposite direction, as sentiment was dragged down by ...
The month of June saw most major indices dipping back into the red, as the US Feds' measures to curb inflation continues to spook investors as recession pressures rise. In June, the US Feds increased interest rates by another 75 b.p, bringing the YTD interest rate hike to 1.5%. In China, sentiment was the complete opposite as all major indices ...
The saying "Sell in May and Go Away seemed to have held true last month, before global markets rallied sharply over the last two days of the month before endi8ng flat M-o-M. Heightened volatility was experienced last month as investors digested more rate hikes and the possibility of a recession. In China, markets also rallied towards the end as 2-month ...
Global markets saw heightened volatility in April, as the Fed's hawkish stance and disappointing earnings results brought markets into a 4-week long decline. In China, continuous support from the central government was insufficient to offset the economic impacts of prolonged lockdowns, with the Chinese Yuan sliding to its biggest monthly drop last month. However back home, sentiment was reverse as ...
The Russia-Ukraine conflict continued to dominate headlines in March, as both parties entered into peace negotiations. In the US, the first rate hike by the Federal Reserve brought additional volatility into markets. Despite a relatively negative sentiment, equities remained strong as most major indices ended the month in the green. Equities in China did not fare as well; sentiment was ...
On the 24th of February 2022, Russia launched a war on Ukraine that has been dubbed the largest war in Europe since World War II. With political uncertainties looming over global markets, investors have fled risk-on assets for commodities and safe haven assets, sending prices soaring towards the end of the month. Gold prices reversed its negative streak with the ...
Effects of the Omicron variant's heightened transmissibility was felt in January, as multiple nations around the globe saw record high daily case numbers. While US market saw losses due to rising case numbers, rising inflation and rate hikes, economic data showed that it was still on track to economic recovery. In China, sentiment was dampened by continuous troubles in the ...
The world put its focus back on the pandemic in November, as the emergence og the highly mutated Omicron variant hampered investor's confidence on economic recovery. Investors flocked into gold as a result, bringing net inflows into the precious yellow metal for the first time since July. Despite virus fears, the US Feds have announced its intentions to speed up ...
US equities enjoyed a bullish run towards the end of October, as better then expected earnings, coupled with news of Tesla eclipsing USD 1 trillion market cap saw most major indices hit record new highs in the last week, with the 0830EA also reaching record high NAV. Equities in China did not fare as well, as continuous pressure on the ...
All eyes were on China last month, as markets around the world were spooked by Evergrande's debt crisis, which has since seen some positive news, curbing the negative sentiment. However, most major indices saw negative returns last month, due to the US Feds raising its short term interest rate views, along with inflation concerns. On the contrary, China's broader index ...
While the Delta variant continues to affect global economies, sentiment was raised by news of a full approval of the Pfizer-BioNTech vaccine by US FDA. US market continued its recovery play as the tech sectors supported the broader market's performance. The local market also fared well after the easing of restrictions for fully vaccinated individuals. However, the China markets did ...
The coronavirus again hogged headlines in July, with the emergence of the highly contagious Delta variant spreading rapidly across the globe - especially in regions with low vaccination rates. Global financial markets were mixed, with US equities continuing its bull run, whilst the rest of Asia just saw its investors running. The tech, and travel sector, coupled with ongoing stimulus ...
Investors turned more optimistic in the 2nd quarter of the year as reopening of economies boosted job creations, and nudged inflation higher. It also provided a thrust for the REITs sector, which enjoyed a strong recovery. The US market was a clear winner over the month with tech stocks stealing the limelight. Asian equities were mixed over the period with ...
Gold Price takes top spot as the precious metal jumps 8.12% higher amidst on-going uncertainties clouding the global financial markets. The rapid spread of the Covid-19 virus continues to hold many Asian economies back. India, who has been plagued by record high cases, ended the month as the strongest performer in the Asian bloc. Strong performance from metal and energy ...
The US financial markets continued its upward climb with the support of better than expected financial results, and optimism that the economy may be gradually shifting back into gar after being clouded by virus concerns for more than 1-year. Bond yields also climbed marginally higher towards the end of the month after staying quiet for the earlier part of the ...
Global investors were sent into a frenzy in March, firstly when US treasury yields spiked and sent future earnings for tech stocks tumbling, and again when news broke on a margin call default by Archegos Capital. The equity markets did manage to claw back from the sell-off, with most major indices ending the month in green, with the exception of ...
Hopes and optimism were part of the key market drivers at the start of last week's trading. Investor's confidence grew stronger amidst central banks kept their monetary policy loose, corporates reported better than expected earnings results, as well as expectations of a wider rollout for the vaccine. The severe weather conditions in the US knocked the country off its feet ...
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Happy Lunar New Year from the team ad TradePlus by Affin Hwang AM. We started the year of the OX with vigour as major indices in the US hit new highs, while equities in China outperformed its regional peers. Investors confidence grew on the back of slowing numbers from the pandemic, and optimism that the relationship between US and China would ...
Global market sentiment turned positive last week, recovering from the "short squeeze" event as market sentiment was boosted by the passing of President Biden's USD 1.4 trillion stimulus package in the Senate, followed by encouraging earnings reports form US companies. In China. new economy sectors outperformed the boarder market, as consumption stocks drove markets higher during the week ahead of ...
Global sentiment turned negative as volatility spiked. US markets were shaken with the "short squeeze" event that cause hedge fund investors substantial losses. Markets worldwide trailed the negative sentiment as all major global indices ended the week end the red. Locally, record breaking numbers of positive COVID-19 cases further dragged down sentiment as investors await further announcement on MCO2.0. ...
The continued surge in COVID-19 cases worldwide has put many countries around the world under lockdown again, as global number of cases are steadfastly approaching the 100 million mark. However, US markets rose during the first week of Joe Biden's presidency, shouldered by hopes o higher stimulus and a better response to the pandemic. The Chinese marker also fared well ...
US politics continued to dominate global headlines last week, as the attack on the US Capitol saw President Trump being banned from social media platforms, while his once allies are now calling for his immediate resignation. On the other hand, the president also made history by being the first US president in history to be impeached twice. In China, US' ...
Global markets started the year strong as major equity indices edged higher despite the uncertainties we continue to face. In the US, Presidential candidate Joe Biden's victory was formalised by Congress, despite the unprecedented attack on the US Capitol which disrupted proceedings. The Democratic Party also solidified its power in the Senate after winning both runoff elections in Georgia, granting ...
Happy New Year! Global financial markets ended the year on higher ground despite a challenging year. The passing of a USD900 billion Coronavirus relief bill in the US lifted sentiment, but failed to maintain momentum as trading volume tapered off in the final week of the year as we headed into the holiday period. The rapid spread of the pandemic has ...
Global financial markets ended the week flattish as concerns over a new virus strain that hampered the usual Santa Claus rally. The US finally signed a USD 900 billion pandemic relief bill this morning, a move which will see it avert a government shutdown. Over in Europe, a no-deal Brexit was narrowly avoided when the UK and EU came ...
Market news for the week largely revolved around optimism towards a vaccine, in the midst of a worsening pandemic globally. Most major equity indices ended the week higher as news of a vaccine rollout boosted investors' confidence. At the same time, we saw the UK "cancelling" Christmas after a new strain of the virus was found to be spreading fast ...
US indices reversed its positive streak to end mixed, as a post Thanksgiving surge in pandemic cases saw a resurgence in weekly jobless claims; while stalled stimulus talks outweighed positive vaccine news. Geopolitical tensions between the US and China continued, as several major US indices announced the removal of Chinese stocks for its products, bringing Chinese equities into correction territory. ...
Global pandemic numbers rose by 3 million last week, bringing the grand total to over 67 million cases as governments and suppliers scramble to prepare for the distribution of vaccines. Hopes of a refreshed stimulus package in the US were reignited as senators proposed a bipartisan package worth USD0.9 trillion. US-China tensions continue, as the US announced more restrictions against ...
Vaccine companies continue to deliver positive news, as a third candidate, AstraZeneca has reported another positive trial results; casting hope for a foreseeable end to the pandemic despite raging increases in case numbers. Vaccine news, coupled with diminishing uncertainties on the political front in the US saw positive market sentiment globally throughout the week, as investors continued to turn to ...
The light at the end of the tunnel - at least on the pandemic front - appears more evident amid the release of more positive vaccine news; with both Pfizer and Moderna announcing that their respective vaccine candidates have an efficacy rate of above 90%. However, investors were still wary of the rising case numbers around the globe, signalling that ...
The coronavirus pandemic was brought back into focus last week, as worsening case numbers in the US and Europe regions continue to spark concerns. However, the positive development on vaccines which saw efficacy rates that beat expectations by a large margin, triggered market rotation activity from WFH stocks to travel oriented names. In China, newly surfaced antimonopoly policies and refreshed ...
All eyes were glued on the US Presidential Election as the country went to the polls to elect its 46th President. Concerns over the rapid spread of the COVID-19 pandemic were temporarily cast aside last week, as investors jumped back into the market. Risk assets across most major indices climbed higher, while the Dollar weakness provided support for Gold price ...
The world added over 2 million new COVID-19 cases last week, with total number of cases now over 46.8 million. Multiple parts of the EU went into lockdown amid a surge in COVID-19 cases, which has now surpassed the 10 million mark. US indices saw its worst weekly dip since March, as the effects of various uncertainties outweighed the better-than-expected ...
The rate of pandemic cases remains high with global number of cases now recorded at over 43 million. US indices reversed its 3-week gain amid ongoing uncertainties surrounding stimulus package negotiations. China recorded a 4.9% expansion in GDP for its third quarter, outpacing markets worldwide in terms of growth, and economic recovery from the pandemic. Locally, the market dipped as ...
Resurgence of the virus is now being experienced across the world as cases spike, leaving global economies scrambling to put in place measures to contain the spread. Tech-related stocks are again in the limelight, with Apple Inc's stock price rising steadily after the unveiling of the new iPhone 12. Ongoing uncertainties left global equities to end the week mixed, with ...
The pandemic remained at the forefront of news headlines as infection cases surged rapidly, with 2 million new cases recorded globally last week. US Fed Chair Jerome Powell warned of the potential negative impacts that the economy could face in the absence of additional fiscal stimulus. Hopes of a stimulus, along with optimism surrounding the vaccine development then boosted the ...
Resurgence of the COVID-19 virus pushed global cases above the 35 million mark, as economies look towards targeted lockdowns in a desperate move to contain the spread. Heightened uncertainties brought on by the virus spread and political news left markets in limbo, though tech-related names did end the week on stronger footing. While most commodity prices slumped over the week, ...
Death count of the conoravirus pandemic hit the 1 million mark, as countries around the world continue to battle the resurgence of the virus. Negative market sentiment brought on by various uncertainties caused the broader S&P500 index to dip 0.6%, while tech-focused Nasdaq posted gains of 1.11% (both quoted in USD terms). Gold prices remain under pressure as USD appreciates, ...
The upward trend for technology stocks slowed down last week after investors locked-in gains amidst rising uncertainties. Optimism that we are now one-step closer to finding a vaccine for the pandemic did, however, provide support despite the continuous rise in cases globally. Heightening fears of a second wave kept investors at bay, leaving global financial markets to end last week ...
Global COVID-19 cases is fast approaching the 30 million mark after a record number of daily cases reported over the weekend. Hopes of a potential vaccine was hampered as AstraZeneca halted trials amid complications. Markets worldwide continued its downward momentum as tech stocks led the decline across major indices. ByteDance chose Oracle as its US key partner ahead of the ...
Pandemic case numbers continued its rapid rise, with the spike in cases in India and UK leading the increase. US markets experienced a sharp selldown towards the end of last week, causing a spillover effect that left most global markets to end in the red. Market volatility impacted oil prices as prices dipped below USD40/barrel, while gold price remained supported ...
Despite the rapid rise in infection case numbers worldwide, optimism about a potential vaccine and treatment pushed US markets to new record highs. Nasdaq saw 2 of its listings, Tesla Inc, and Apply Inc perform stock splits after seeing a significant price rally this year. Gold hit a 2-week high last week on the back on the weakened dollar and ...
Encouraging economic data flowing out of the US boosted investors' sentiment drove stock prices higher amidst a worsening pandemic situation globally. The tech sector stole the limelight when Tesla and Apple saw its prices shoot through the roof, boosting the performance of the S&P 500, which inched 0.8% higher to close at record high levels in 6 months. Gold ...
Sentiment improved for global financial markets last week, leading to most equity indices ending in the green. Coupled with better than expected economic data coming from the US, indices paused marginally lower than record highs as the week ended. After a stellar run, Gold experienced some profit taking activities and ended the week at around USD1,950 per ounce, but remains ...
It was a good week for financial markets with most equity bourses climbing higher to end the week in positive territory. While the pandemic has continued to wreak havoc on global economics, the better than expected economic data flowing out of the US boosted sentiment. Gold stole the limelight when it breached USD2,000 per ounce and stayed above that level ...
Number of Covid-19 infection cases continued its rapid rise last week, and has now surpassed 18 million cases at the time of writing, with almost 690,000 deaths. Global financial markets ended the week in a mix despite the tech sector regaining its upward trend post the release of strong earnings results. The uncertainties that have continued to hover over global ...
Number of Covid-19 cases globally rose from 14.5% million to 16.2 million over the week as the resurgence of the virus spread across the globe. Financial markets slid lower as investors' focus turned towards safe haven assets, even pushing aside the tech-sector, which had previously done well with support from the "work-from-home" trend. Geopolitical tensions between the US, and China ...
The rapid rise in coronavirus cases continue to weigh on markets as the number of cases inch toward 14.5 million cases globally. The broader US equity market continued its climb higher with the support of industrial-focused stocks as the tech-sector lost pace. Global financial markets ended the week mixed as concerns over the economic impact from the pandemic, coupled with ...
Global financial markets ended the week on a mixed note as fears of a resurgence of the coronavirus pandemic dampened market sentiment. The tech sector was again seen to be a key driver for markets, as the stay at home stocks pushed higher. Pandemic cases continued to surge over the week, with the US seeing up to 60,000 cases being ...
Last week saw global financial markets ending on firmer ground after improved sentiment boosted demand for risk assets despite the lack of any clear catalysts. Sentiment boost was largely seen stemming from the better than expected job data flowing out of the US, and optimism that the Feds were looking at more stimulus measures. The S&P enjoy its best quarterly ...
After some weeks of being cast aside by optimism and better than expected economic data, the economic effects of the coronavirus pandemic has crept back into the limelight, pressuring global financial markets lower. Plans for a wider reopening of businesses in the US raised concerns as the country continues to face surging rise of cases. The US now has more ...
After the stumble in the previous week, global financial markets dusted itself off and got back onto its feet to continue its climb last week with tech-related stocks, as well as the stocks in the energy sector taking lead. Investors' sentiment was boosted by better than expected retail sales numbers flowing of the US, news that the US Feds would ...
The initial excitement and optimism led by the reopening of businesses took a turn for the worse yesterday, and the 3-week equity rally halted. US equities saw one of its biggest drops in 12-weeks as news broke that cases in the US have spiked in 3 of its largest cities after the reopening of businesses.
Global financial markets took a tumble towards the end of last week after recording 3 consecutive weeks of positive gains. News that infection cases spiked after the reopening of businesses in the US, coupled with a bleaker outlook for the US economy took its toll on global financial markets. Despite having major oil producers agreeing to a production cut, prices ...
Pandemic concerns were momentarily cast aside last week despite having topped more than 7 million infected cases worldwide. Instead, news were headlined by protestors taking over the streets in the US following the tragic death of George Floyd by a law enforcement officer. Better than expected economic numbers, and with the gradual reopening of global economies however, provided support for ...
It was a short trading week last week as we celebrated the Hari Raya holidays, and US markets closed on Monday for Memorial Day. Markets moved higher as sentiment improved on the back of a gradual reopening of businesses and optimism for a vaccine. This comes amidst the pandemic infections rising above 6 million, and the US topping the infection ...
Investors' appetite for risk rose on the back of prospects for an economic recovery as lockdown restrictions were relaxed, and optimism for a coronavirus vaccine. But pressure soon mounted after President Trump escalated his rhetoric against China over the pandemic. Global equity markets ended the week mixed, whilst Oil price continued to surge for the 4th consecutive week.
Equity markets turned south last week after more negative reports on the outlook for markets were released. The potential resumption of a trade war between the US and China, and President Trump's reckless remarks on the situation only served to put additional pressure on markets. With more than 4.5 million infected cases reported globally, the pandemic crisis continues to be ...
The coronavirus continues to take its toll on markets with global confirmed cases now above 4 million. Markets took positively to easing measures announced by countries as economies started to reopen for business. Record high unemployment rate in the US failed to quash its equity market rally as tech stocks led major US indices to close the week higher.
It was a shortened trading session last week with many markets closing on Friday for Labour Day holidays. Financial markets ended the week broadly stronger with the exception of the US market. Sentiment was boosted when announcements were made by some countries stating that it was looking at easing its lockdown measures.
The erratic trend in global markets continued last week, with sell-offs leaving most markets ending the week in the red. What was thought to be a light at the end of the tunnel ended in despair after hopes of a possible vaccine from Gilead in the US failed its first trial test. Pandemic cases continue to climb higher, and is ...
Optimism and hope held up global financial markets last week. Despite the overall bleaker global outlook, financial markets climbed higher on sentiment support from news that the US are stepping up efforts to address the rapidly rising pandemic infection cases. Oil price remained weak even after an agreement was reached to cut production. Gold price continued its upward climb, which ...
Financial markets enjoyed some stability, and rose steadily last week ahead of the Easter Holidays. While pandemic infection cases have slowed in some countries, it has also been rising at an alarming rate in others. Nevertheless, the aggressive stimulus packages being rolled out by central banks, along with the slow down in infection cases in previous identified hotspots have led ...
Financial markets fell back into the red last week after it failed to sustain the strong run of the previous week. Economies globally continue their efforts to contain the spread of the pandemic as reported cases continue to rise - hitting the 1 million mark last week. The US now stands as the country with the most infected cases as ...
Global economies remained vigilant as the outbreak of the Covid-19 virus spreads. Number of infections, and fatalities continue to rise at a rapid rate, which has led to Europe tightening its lockdown. China has seen a gradual move back to normalcy. In contrast, the US now has the highest number of case. Nevertheless, the US equity market rebounded from the ...
Global stock markets continued its downward tumble despite the monetary and stimulus packages being released by global central banks. The impact from the outbreak on the global economy is expected to be severe as lockdown measures get implemented across the globe on the back of the rapid rise in Covid-19 cases outside of China. The heightened level of uncertainty had ...
The Covid-19 remained in the headlines as reported cases continued to rise. The severity of the outbreak had led the WHO to declare it a pandemic last week. To date, there are been more than 150,000 reported infections, with over 5,800 fatalities as governments globally race to contain the spread. The tumble in oil prices put additional pressure ...
It was a week of synchronised stimulus packages being rolled out by global central banks as we grappled with the impact of the coronavirus outbreak. The virus continued to spread across continents, raising alarm bells as the death toll increased. Global financial markets remained under pressure despite the rate cuts as equities and bond yields tumbled.
The spread of the coronavirus into at least 47 countries signalled distress for global financial markets, and the World Health Organization warned of a "pandemic potential". Equities across the globe suffered after investors worryingly moved their risk assets into safe haven instruments, leaving US treasury yields to slump record lows, while Gold price climbed steadily to trade above its 6-year ...
The US equity market hit a record high last week before ending the week marginally lower as concerns intensified surrounding the global supply chain disruption. Gold price hits a 7-year high while market volatility is expected to continue in the near term.
Markets overcame a bumpy start and ended the week in the green supported by optimism that the Coronavirus would be contained. This gave equity markets a booster, nudging US equities to new highs while keeping most other markets in the green. With little economic data expected from major economies this week, we reckon that markets' focus will remain on the ...
Global equity markets started the week on weaker note when China's equity market opened almost 8% lower on its first trading day after a break from the festive holidays. Markets did, however, manage to claw higher after concerns surrounding the coronavirus eased slightly. Sentiment further improved after China announced that it would be reducing the tariffs on its US imports ...
Global equity markets took a dive over the Chinese New Year holidays after news of an outbreak of the coronavirus left markets in limbo. The virus, first detected in the Wuhan City of China, led to a complete lock-down of the city as China's government rushed to contain the spread of the virus. The move disrupted the world's largest human ...
Market sentiment improved last week after the de-escalation of political tension between the US and Iran, and the signing of its phase 1 trade deal between US and China. The semblance of clarity nudged investors to move back into riskier assets, pushing global equities to hit new highs.
After an intense week, the geopolitical tension that was stoked by the drone attack on Iran de-escalated, and left room for global equity markets to continue to climb. Investors' sentiment toward risk assets also improved on optimism on the US-China trade deal. However, weaker than expected US job data caused a bump in the road, putting some pressure on equity ...
Starting the year with a bang took a whole new meaning when news that the US had carried out an air strike in Baghdad on Friday, killing Iran's top general. The calm equity markets which had ended the year with strong returns were abruptly disrupted after the drone attack caused an escalation to the already fragile geopolitical situation between the ...