Category: Markets Daily

Futures in Hong Kong and Japan pointed higher, while Australia opened 0.3% higher after US equities recovered off session lows. US equities were mixed overnight, the Dow Jones Industrial Average closed at an all-time high, up 0.3%. The S&P 500 and Nasdaq Composite fell 0.09% and 0.6% respectively as financials weighed down. The S&P futures...

The US equities lifted on Friday ahead of investor’s quarterly portfolio rebalances. The S&P 500 surged 1.7% to an all-time high, while the Dow Jones Industrial Average and the Nasdaq Composite rose 1.4% and 1.2% respectively. In particular, the energy and healthcare sectors were among the best performers. Futures in Asia including Japan and Australia all set...

The US equities lifted on Thursday after Biden double a target for vaccine rollout. US data also showed claims for unemployment benefits dropped to a one-year low. The Dow Jones Industrial Average and S&P500 both higher, rose 0.62% and 0.52% respectively. The Nasdaq Composite was up 0.12% due to leading social media companies testified to Congress. Small-cap...

The US equities traded lower on Wednesday. The Nasdaq Composite was down 2.01%. The Dow Jones Industrial Average and S&P500 both traded slightly lower, fell 0.01% and 0.55% respectively. The energy sector, transportation, and banks were the better performers as economic recovery favors cyclical stocks. Futures in Japan edged higher, and lower in Hong and Australia. On...

The US equities traded lower on Tuesday as setbacks to a pandemic recovery weighed down on investor sentiments. The Nasdaq Composite was down 1.12%. The Dow Jones Industrial Average and S&P500 both traded lower, fell 0.94% and 0.76% respectively. Meanwhile, a basket of airline stocks fell the most since last October.  Long-term bond yields dipped for a...

Futures in Asia are pointing to gain to the start of Tuesday with Australia opened 0.4% higher. The lower yields overnight sent US equities higher with the Nasdaq leading the gains, up 1.23%. The Dow Jones Industrial Average and S&P500 both traded followed, up 0.32% and 0.7% respectively. Meanwhile, small-cap was the underperformer overnight.  Long-term bond yields...

Futures in Asia are pointing to a mix start on Monday with Futures in Australia and Japan slightly lower and higher in Hong Kong. Last week’s concern on rising inflation and higher bond yields will likely be the continual drivers into the week. The Turkish lira plummeted 17% in early Asian trading after Turkey President...

US equities fell on Thursday as yields edge higher. Tech stocks such as Apple (-3.39%) and Tesla (-6.93%) were the main lagger weighting down on Nasdaq, which fell 3.02%. The Dow Jones Industrial Average and S&P500 were each down 0.46% and 1.48% respectively, retrieving from their recent record highs.  Asia stocks are set to open muted...

The US Federal Reserve expects GDP to increase from 5.8% to 6.6% in 2021, with the unemployment rate lowered from 4.7%-5.4% to 4.2%-4.7%, and annual core inflation revised to 2.2%-2.4%. The Dow Jones Industrial Average (+0.58%) and S&P500 (+0.29%) closed at a record high on Wednesday as the Fed emphasized its tolerant stance against inflation....

Equity futures in Asia are set to open steady as the market is eyeing the Federal Reserve statement on the state of economic recovery. The US 10-year yields were higher by 1 point to 1.62%, near its highest level in one year. The US equities were mixed on Tuesday. Both the S&P500 and the Dow Jones Industrial...