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 …
Oil Prices Wobble: Inflation Fears & Geopolitical Sparks Read More »
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 …
China’s Markets Rise & Pivot Amid Global Strains Read More »
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 …
Divergent Global Recoveries: U.S. Thrives, Others Struggle Read More »
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 …
Japan Slips to 4th in Global Economy, GDP Shrinks 0.4% Read More »
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 …
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 …
Stock News: Dow Up 0.11%; Lyft Jumps 16%, Airbnb Falls 4% Read More »
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Quick Look S&P 500 rises by 0.8% to a notable 4995.06. Nasdaq Composite hits a new market all-time high, increasing by nearly 1%. Arm shares and Enphase Energy see significant jumps in extended trading. Alibaba shares fall by 6.8%, while Snap shares plummet by 34.6%. Nikkei 225 reaches a 34-year high, signalling strong performance in …
At A Glance USD struggles to gain momentum, with the DXY index slightly above 104.00. Upcoming Goods Trade Balance data and a 10-year note auction could influence USD’s trajectory. Federal Reserve officials’ speeches are eagerly awaited for hints on future monetary policy. The USD shows weakness against major currencies amidst a positive shift in market …
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, …
80% of Russia’s Crude Oil Exports at Risk: Red Sea Crisis Read More »
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 …
Chinese Stocks Soar as Government Fund Boosts Confidence Read More »
US Dollar Shows Resilience After Strong NFP Report The foreign exchange market began the week with a dynamic performance, where the US Dollar (USD) took centre stage. The USD displayed resilience against major currencies, building on momentum from an impressive surge. Factors such as escalating geopolitical tensions and the hawkish remarks of Federal Reserve (Fed) …
Geopolitics & Powell’s Words Impact the US Dollar Read More »
The International Monetary Fund (IMF) has unveiled a brighter outlook for the global economy, offering hope in a world navigating economic uncertainties. A combination of factors, including a quicker-than-expected easing of inflation, has prompted the IMF to raise its growth projections. Eurozone’s Delicate Balancing Act While the IMF’s global economic projection paints an optimistic picture, …
Key Points: Bitcoin (BTC) remained stable at around $42,000 despite the upcoming Lunar New Year. Analysts observed significant gains in Bitcoin (94%) and Ethereum (47%) despite earlier predictions. Regulatory scrutiny increased in the US, with surveys on crypto miner energy consumption and proposed AML and CFT regulations. Attention is focused on the BTC-spot ETF market, …
The ‘Year of the Dragon’ Brings Serenity to Bitcoin Read More »
Market Caution Amidst Rate Uncertainty: Futures Respond Cautiously to Powell’s Commentary Investor sentiment remained guarded as stock futures showed tepid reactions to Federal Reserve Chair Jerome Powell’s comments, which dampened expectations for immediate interest rate reductions. The upcoming week, filled with corporate earnings reports, is set to inject further uncertainty into the markets. Futures linked …
Powell’s Rate Comments Fuel Market Caution Amid Earnings Wave Read More »
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