Category: Markets Daily

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...

Futures in Australia and Japan edged slightly higher, while Hong Kong dipped lower. The US equities overnight inched lower as the mixed implication between economic optimism and inflation concerns continued. The S&P 500 and the Nasdaq both fell by 0.1% after US manufacturing data topped estimates but also signaled labor constraints and supply shortages. The Dow Jones...

The S&P 500 ended the month near-record ahead of the holiday Monday. The US equities on Friday saw the Dow Jones lifted by 0.2%. The S&P 500 and Nasdaq both lifted by 0.1%. Futures in Australia, Japan, and Hong Kong were little changed, while US futures edged up on Monday morning. Investors are poised to continuing weighing the inflation...

Futures in Australia and Japan pointed higher on Friday morning, Hong Kong futures were steady. The stronger opens reflect investor’s positive sentiment on the solid US economic data, and the rally in cyclical shares as a result of Joe Biden’s federal spending amounted to potentially $6 trillion in the next fiscal year. The US equities overnight saw...