Indices

9 July 2024
US dollar declines as job growth slows 

The US dollar weakens in the face of softer job growth and expectations of potential rate cuts. Upcoming testimony by Jerome Powell may provide deeper insights.

8 July 2024
Japan’s Nikkei edges higher with profit-taking and market adjustments

The Nikkei share average saw modest gains on Monday, tempered by profit-taking following last week’s record highs. Market sentiment remains cautious with key economic data on the horizon.

4 July 2024
Asian stocks reach 27-month high, dollar falls on rate cut speculation

Key points Nikkei firms toward March top, S&P 500 futures steady. Markets, sterling calm as the UK heads to polls. Odds narrow on a September Fed cut after soft data. Asia stocks soared to a 27-month high on Thursday, driven …

3 July 2024
Nasdaq composite hits record high with AI optimism and strong earnings prospects 

Nasdaq composite reaches a record high driven by AI advancements. Markets focus on insights from the upcoming earnings season.

3 July 2024
Japan’s Nikkei climbs as tech stocks follow US growth shares

Japan’s Nikkei share average rose by 0.81% on Wednesday to reach 40,398.35 as of 0142 GMT, continuing the momentum from its 0.38% higher opening.

2 July 2024
Apple and Tesla boost stocks in pre-holiday trading

Key points: Apple and Tesla drive S&P 500 higher. Manufacturing PMI weakens in June. Chewy drops despite Keith Gill’s stake disclosure. The stock market experienced gains on Monday, driven by strong performances from Apple and Tesla. Despite light pre-holiday trading, …

1 July 2024
US dollar slips as inflation data points to rate cuts 

Key points:  The US dollar index fell following PCE inflation data showing unchanged prices in May.  Markets shift focus to the upcoming nonfarm payrolls report for further market direction. Market expectations for Fed rate cuts this year increased after inflation …

28 June 2024
Stocks edge up, bond yields dip; inflation data ahead

Key points: US stocks finish slightly higher Yen inches up vs US dollar US presidential debate set for late Thursday Global stock indexes edged higher on Thursday, while U.S. Treasury yields dipped slightly after a series of U.S. economic reports …

27 June 2024
Japan’s Nikkei dips on yen intervention fears

Key points: Nikkei closed down 0.82% at 39,341.54, with technology shares dragging. Yen touched 160.88 per dollar overnight, raising intervention concerns. Japan’s Nikkei share average fell on Thursday, reversing much of its gains from the previous session. This drop comes …

26 June 2024
Dow Jones outperforms as tech stocks slump alongside broad market selloff 

Key Points:  The Dow Jones Industrial Average added 0.7%, driven by gains in consumer sectors.   In contrast, the S&P 500 declined by 0.3%, and the Nasdaq composite slumped over 1%, dragged down by chipmakers.  Nvidia (NVDA) was a major …

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