Thu, May 09, 2024

Asian countries

Hong Kong and tech companies

Hong Kong’s $27M Investment Scheme Targets Global Wealth

Quick Look Hong Kong introduces a revised Capital Investment Entrant Scheme (CIES). It is targeting individuals, with a minimum investment threshold set at HK$27 million. The scheme aims to reinforce Hong Kong’s status as Asia’s leading financial hub. Leveraging the fast-growing wealth in the Greater Bay Area (GBA). Over 9,000 businesses with overseas/China parent companies …

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Stocks on April 6

Markets Wobble: Nasdaq Dips 0.2%, Tech Tumbles

Quick Look Nasdaq 100 futures dipped by 0.2%, signalling a cautious market sentiment. Significant after-hours movements: Palo Alto Networks plummets by 20%, SolarEdge Technologies falls by over 10%. Nvidia’s 4% slump raises concerns over tech sector valuations. Anticipation for the Federal Reserve’s January meeting minutes and a lineup of earnings announcements. Asian markets show mixed …

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Stock market rally expands

Market Volatility Alert: Economic and Earnings Focus

Quick Look S&P 500 futures down 0.33%, indicating a cautious start to the trading week. Concerns over higher-than-expected wholesale prices and CPI data affecting market sentiment. Federal Reserve’s stance on interest rates eyed closely amid inflation worries. Key corporate earnings reports from Home Depot, Walmart, and Palo Alto Networks anticipated. Global markets respond to China’s …

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Dollar surged forward

Global Currency Shifts: Dollar Inflation & Yen’s 6% Dive

Quick Look U.S. inflation remains persistent, complicating the Federal Reserve’s easing cycle timeline. The yen struggles around 150 per dollar, facing a significant yearly decline amidst speculation. The dollar index exhibits resilience, climbing 3% this year amid changing rate cut expectations. Economic indicators highlight ongoing inflationary pressures, with mixed signals from retail sales and jobless …

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Wibest – Oil: An aerial shot of oil inventories and a ship behind on nighttime.

Oil Prices Wobble: Inflation Fears & Geopolitical Sparks

Quick Look ICE Brent and NYMEX WTI futures opened lower in Asian trading amid inflation concerns and geopolitical events. US inflation figures dampen expectations for Federal Reserve rate cuts, with significant revisions to the rate cut outlook for 2024. There are divergent views on oil demand, with the IEA forecasting a slowdown and OPEC predicting …

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stock Markets and various factors

China’s Markets Rise & Pivot Amid Global Strains

Quick Look CSI 300 Index sees a 0.5% rise as markets reopen post-Lunar New Year, with tourism stocks up by 1.2%. People’s Bank of China holds the policy rate at 2.5%, signalling stability amidst economic recalibrations. Global markets exhibit mixed responses, highlighting the interplay of economic policies and geopolitical tensions. Thailand’s economy contracts, fueling rate …

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The U.S. current account deficit hit 14-year high in Q1

Divergent Global Recoveries: U.S. Thrives, Others Struggle

Quick Look Japan and the UK entered technical recessions with negative GDP growth for two consecutive quarters. Germany’s economy also reports consecutive quarterly declines in GDP. China’s economic slowdown, particularly in its property sectors, raises concerns. The U.S. economy showcases resilience with strong credit-driven consumption despite a decline in January retail sales. The global energy …

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Japan's Economy

Japan Slips to 4th in Global Economy, GDP Shrinks 0.4%

Quick Look Japan now ranks as the world’s fourth-largest economy, trailing behind Germany. The country’s GDP contracted in the last quarter of 2023, with an annual shrinkage of 0.4%. Economic growth slowed to 1.9% in 2023, with expectations of further deceleration to 0.5% in 2024. A weakening yen and decreased private consumption have significantly impacted …

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The Dollar Rises As Rising Inflation Signals Rate Hikes

Global Markets React to Economic Shifts & Data

Key Economic Updates Across the Global Markets The USD Index (DXY) ended Wednesday in the red, reversing Tuesday’s gains. UK GDP shrank by 0.2% annually in Q4, missing the expected 0.1% growth. Australian unemployment increased to 4.1% in January, with minimal job growth. Japan’s economy contracted by 0.1% in Q4, indicating a slowdown. US inflation …

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Defensive stocks vs cyclical stocks

Stock News: Dow Up 0.11%; Lyft Jumps 16%, Airbnb Falls 4%

Quick Look Dow Jones Industrial Average futures are up by 0.11%, with S&P 500 and Nasdaq 100 futures also in the green. Lyft shares surge over 16% after-hours on strong Q4 earnings, while Airbnb dips more than 4% despite revenue beat. The U.S. stock market faced significant declines in the previous session, with Dow Jones …

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Wibest – Petroleum and Oil: Crude oil spilled a hand touching its surface.

80% of Russia’s Crude Oil Exports at Risk: Red Sea Crisis

Key Points: Attacks on Shipping Routes: Despite current stability, the Red Sea faces threats that could necessitate quick adjustments to maintain crude oil flow. Cost Implications: Increased insurance and rerouting costs due to Red Sea tensions could elevate global freight rates. Impact on Russia: Approximately 80% of Russia’s oil exports to Asia are at risk, …

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The majority of Southeast Asian stock markets closed in red

Chinese Stocks Soar as Government Fund Boosts Confidence

Chinese Stocks Rally Significantly as State Investment Fund Bolsters Confidence Chinese stock markets have experienced their most significant rally in years despite ongoing concerns over a persistent market decline that has wiped out trillions in market value over the past three years. The rally has been sparked by Central Huijin Investment’s declaration to increase its …

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