Category: Markets Daily

Equity futures advanced in Australia, Japan, and Hong Kong following another record close in the US fuelled by a bipartisan $579 billion U.S. infrastructure deal that stoked economic optimism. The Dow Jones index lifted by 1% overnight. The S&P 500 and Nasdaq each rose by 0.6% and 0.7% respectively with energy and financials leading gains. Treasury yields were...

Equity futures were little changed in Hong Kong but lower in Japan and Australia. The Nasdaq climbed 0.1% to a record high backed by a strong rally in Tesla. While the Dow Jones index and S&P 500 each lost by 0.2% and 0.1% respectively. Asian stocks are set to open lower as traders digested commentary from Federal Reserve officials...

Futures were little changed in Hong Kong, Japan, and Australia. The S&P 500 climbed 0.5% after Jerome Powell reiterated his views that inflation pressures will be transitory despite a notable increase in recent months. The Dow Jones index and Nasdaq each rose by 0.2% and 0.8% respectively.  Treasury yields fell on Tuesday. US 10-year yields fell by 2...

Futures pointed lower in Hong Kong, Japan, and Australia in the wake of a hawkish pivot by the Federal Reserve. The Nasdaq lost 0.9%. The Dow Jones index and S&P 500 each lost by 1.6% and 1.3% respectively.  The flattening in the Treasury yield curve is a sign of the retreat in reflation trades. US 10-year...

Futures pointed higher in Hong Kong, Japan, and Australia after the US tech sector rallied to a record high as investors rotated from reflation trades. The Nasdaq index lifted 0.9%, whereas the energy, financials, materials, and industries came under pressure. The Dow Jones index and S&P 500 each lost by 0.6% and 0.1% respectively.  Treasuries advanced...

Futures were mixed in Hong Kong, Japan, and Australia after US futures slipped after Federal Reserve officials expecting two rate hikes by the end of 2023.  US share market fell overnight with the Dow Jones index down 0.8%. The S&P 500 lost by 0.5% and the Nasdaq lost 0.2% after Jerome Powell downplayed the risk of an...

CPI in May lifted 0.6% to be up 5% a year ago. Core CPI rose 0.7%, to be 3.8% higher a year ago. Futures lifted in Hong Kong, and Japan but were steady in Australia. The CPI increase was broadly driven by the control over the pandemic and the reopening of the economy. The spike in...

Traders’ focus this week remains on today’s CPI report and the upcoming Fed meeting next week. Futures are steady in Australia, Hong Kong, and Japan. pointed higher. Overnight, the bond rallied and US equities traded lower. The S&P 500 fell by 0.2%, weighed by the pullback in the Tech sector. The Nasdaq and the Dow Jones both...

Futures Australia and Hong Kong pointed higher, while Japan lowered. Asian stocks are set to open mixed on Wednesday after US equities traded near-record high ahead of key inflation data. Overnight, the S&P 500 was flat, with the Nasdaq gained 0.3%. The Dow Jones lowered by just 0.1%. The focus remains on the consumer prices report on Thursday,...

Futures slipped lower in Japan and Hong Kong, while Australia held steady. The US equities overnight dipped after robust economic data that raised concerns on pullbacks in central bank stimulus. The S&P 500 and the Nasdaq both fell by 0.4% and 1% respectively. The Dow Jones was lower by 0.1%. Strong employment data and record service sector growth...