Category: Markets Daily

The US stocks lifted after positive earnings results overnight. The Dow Jones index rose by 0.9% or 318 points to a record closing high, while the Nasdaq and S&P 500 lifted by 0.4% and 0.8% respectively. The Asia stock market is set for a muted start amid warnings from the Federal Reserve on stretched valuations...

The Asia stock market is set for a mixed start with some major markets including Japan and China closed for a holiday. The Australian market opened slightly higher, whereas the Hong Kong futures pointed slightly lower. The US share market fell from a record on Friday upon higher inflationary economic data and Federal Reserve’s hawkish remarks.  US...

Global share markets were mixed ahead of the US FOMC meeting. US technology stocks fell after earning releases, Tesla fell by 4.5% with 3M down 2.6%. The S&P500 and Nasdaq fell by 0.9 points and 48.5 points from record high respectively. While the Dow rose by 3 points or 0.1%. Index futures in Japan, Hong Kong, and Australia...

US equities advanced on Friday after strong data. U.S. new home sales surged 20.7% in March to the highest level since 2006, while manufacturing and services indices reached a record high since 2007 and 2009 respectively.  Stock trading on Friday saw the S&P 500 rose by 1.1% and Nasdaq gained 1.4%. Indices futures in Japan, Hong...

US stocks on Friday posted new fresh highs with the S&P 500 capped its fourth weekly advance. Indices futures in Japan and Australia pointed higher Monday morning.  Cryptocurrency trading saw increased volatility over the weekend as Bitcoin tumbled 15% from $64000 to near $56000. The sharp decline was following the “unsubstantiated” report of a US Treasury...

Despite the Australian dollar’s recent decline against the greenback in March, hedge funds are steadfastly bullish on AUD. The Australian employment data this week may provide insights and catalyst for an Aussie rebound.  According to ZERO Markets’ Mt4 platform, the currency saw its worst in 5 months performance against the US dollar in March, falling 1.4%...

US stocks on Friday posted new record highs with the S&P 500 closed above 4,100 as investors eyeing a large number of earnings reports this week. Indices futures in Japan, Australia, and Hong Kong all pointing to a steady open, with the Fed flagging stronger growth and hiring prospect.  According to ZERO Markets’ Metatrader 4 platform, the...

US stocks overnight posted a new fresh high on the back of stronger economic data. Non-farm payrolls increase by 916,000 in March exceeded expectation of a 647,000 increase. The unemployment rate fell from 6.2% to 6%. According to ZERO Markets’ Metatrader 4 platform, all three major equity indexes rose by 1.13% to 1.67%.  Indices futures in Japan,...

Futures in Japan are pointing to a modest gain, with most markets in Australia, China, and Hong Kong closed. The US payroll data showed better than expected job creations on Friday.  Commodity traders are expecting oil prices to ease in the early trade after OPEC+ decided to increase production. According to Zero Markets’ Metatrader 4, WTI...

Commodity traders were on the move overnight as OPEC+ agreed to increase oil production gradually each month upon a stronger economic outlook. WTI crude rose 3.62% to above $61.2 per barrel. According to Zero Markets’ Metatrader 4, WTI futures were trading on a tight spread around 5 pips in the early Friday Asia trading session. Joe...