Dow Jones Retreats after US Inflation Data, Hang Seng May Pull Back
of clients are net short. Long
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of clients are net short. Long
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of clients are net short. Long
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DOW JONES, HANG SENG INDEX, ASX 200 INDEX OUTLOOK:
The tech sector outperformed cyclical ones as strong inflation readings reignite tapering fears
Hong Kong’s Hang Seng Index may retreat after surging 1.63% on Tuesday
Dow Pullback, US Core CPI, Earnings Season, Tencent, Asia-Pacific at Open:
The Dow Jones Industrial Average pulled back from record levels on Tuesday as US core CPI reading surpassed market expectations. June’s figure came in at 4.5% YoY, compared to a 4.0% forecast. This also marks the highest core inflation reading since 1992, underscoring mounting price pressures that may prompt Fed officials to consider tightening sooner.
S&P 500 Hits Fresh Record, Will China s RRR Cut Boost Hang Seng?
S&P 500, HANG SENG INDEX, ASX 200 OUTLOOK:
Investors anticipate a strong Q2 earnings season, boosting sentiment. Treasuries fell
China’s central bank unexpectedly cut the Reserve Requirement Ratio (RRR) for all banks
Earnings, RRR Cut, China GDP, US Core Inflation, Asia-Pacific Week-Ahead:
The S&P 500 index hit an all-time high on Friday as investors shrugged off concerns about the Delta variant and focused on the upcoming earnings season. The estimated earnings growth rate for the S&P 500 index in Q2 is expected to hit 64% YoY, marking the fastest expansion in more than a decade. Analysts have revised up their earnings forecasts from March to June as the economic recovery gathers pace. More blue chip companies have issued positive EPS guidance than those that issued negative outlook, according to data compiled by Factset.
Dow Jones Retreats as Sentiment Sours, Will Hang Seng Index Follow?
DOW JONES, HANG SENG, ASX 200 INDEX OUTLOOK:
US government bonds yields continued to fall, suggesting that reflation optimism may be faltering
Asia-Pacific markets are positioned to follow a negative lead, with most futures trading in the red
Yields, Delta Variant, Jobless Claims, Asia-Pacific at Open:
Wall Street equities pulled back from their record highs as the emerging Delta variant of the Covid-19 virus casted a shadow over the outlook of global recovery. All Dow Jones sectors ended lower, with financial, materials and consumer discretionary sectors leading the decline. 10-year Treasury yields fell to 1.294% - the lowest level seen since February. This suggests that market’s view on reflation and long-term inflation may be weakening. Rising demand for safety may have also attributed to the rise in Treasury note prices, sending yields lower.
Dow Jones Retreats as Yields Fall, Regulatory Risk Weighs on Hang Seng Index
of clients are net short. Long
News
of clients are net short. Long
News
of clients are net short. Long
News
DOW JONES, HANG SENG INDEX, ASX 200 INDEX OUTLOOK:
The tech sector outperformed cyclical ones as the Treasury yield curve flattened on growth concerns
Hong Kong’s tech stocks are under mounting regulatory pressure. Didi Chuxing plunged 19.5%.
Dow Pullback, Yield Curve, Hang Seng Tech, FOMC Minutes, Asia-Pacific at Open:
The Dow Jones Industrial Average pulled back from record levels on Tuesday as the Delta variant stoked renewed concerns about the recovery of global economy. 10-year Treasury yield plunged 6%, or 8.7bps to a 4-month low of 1.35%, reflecting rising growth concerns. Meanwhile, 2-year rate fell 2.5%, or 0.57bps overnight, result
S&P 500 Hits Record High as NFP Beats, Didi May Weigh on Tech Sentiment
S&P 500, HANG SENG INDEX, ASX 200 OUTLOOK:
The US nonfarm payrolls data came in at 850k, beating expectations by a wide margin
APAC markets are positioned to open mixed on Monday. US market is shut on Monday
Nonfarm Payrolls, Tech Rally, Yields Fall, Didi, Asia-Pacific Week-Ahead:
The S&P 500 index hit an all-time high on Friday following strong nonfarm payrolls data. Hiring accelerated in June as labor market supply constraints eased. 850k new jobs added, marking the highest reading in 10 months. May’s figure was also revised up to 583k from 559k. An upbeat payrolls figure strengthened the prospects for the US economic recovery, boosting market sentiment.