Indices

27 May 2024
Nasdaq index soars as tech stocks continue to rally 

Key points:  Nasdaq composite index closed at a record high of 16,920.79, gaining 1.3% last week.  Impressive earnings report from Nvidia drives investor interest in AI-related stocks.  Nasdaq achieves nearly 9% gain in May, leading major indices.  The Nasdaq composite …

27 May 2024
Week ahead: PCE data to play integral role in Fed rate decisions

The Dow Jones and S&P 500 both ended their multi-week winning streaks, a shift driven by economic data that came in hotter than expected. This unexpected resilience in the economy has prompted many to push back their expectations for Federal …

24 May 2024
Japan’s Nikkei records weekly loss as Fed outlook weighs

Key points: Nikkei declines 1.17%, impacted by U.S. economic data. U.S. 10-year bond yield climbs, influencing global markets. Japan’s Nikkei share average fell sharply on Friday, reflecting declines on Wall Street. Strong U.S. economic data has stoked bets that persistent …

24 May 2024
Dollar rises as traders scale back US rate cut expectations

Key points: Dollar heads for its largest weekly rise in over a month. U.S. business activity hits a two-year high, influencing interest rate expectations. The dollar surged this week, marking its largest weekly rise in over a month. Surprisingly strong …

17 May 2024
US stocks pullback: Rising bond yields and hawkish Fed comments  

Key Points:  Optimism for US stock indexes shortlived since the US inflation data was announced, making record highs and then closing lower.  Such pullback was mainly attributed to the rise in bond yields.  Hawkish comments from Fed officials weighed on stocks.  …

17 May 2024
Japan’s Nikkei falls on Wall Street weakness and BOJ uncertainty

Key points: Nikkei ends lower after a three-day winning streak, influenced by Wall Street and BOJ policy. Broader Topix index posts a weekly gain despite early losses. Japan’s Nikkei share average snapped a three-day winning streak to close lower on …

16 May 2024
US stocks soar as Fed takes a soft landing 

Key Points:  US consumer prices slowed more than expected in April, providing relief to concerns on persistent inflation   S&P 500, Nasdaq and Dow Jones reach new record highs, signaling strong investor confidence.  Meme stocks surged alongside Bitcoin, reflecting increased …

15 May 2024
Nasdaq hits record high as Powell calms rate hike fears, eyes on upcoming CPI

Key points Nasdaq closed at a record high driven by optimistic remarks from Fed Chair Jerome Powell and declining Treasury yields. Home Depot shares dip after earnings reveal a focus on smaller home projects, reflecting a shift in consumer spending …

13 May 2024
Hong Kong stocks surge pending corporate performance and policy support

Key Points: The Hang Seng Index rose by 0.80%, closing at 19,115.06, while the Hang Seng China Enterprises Index increased by 0.64% to 6,761.64. China’s central bank data indicates a significant drop in aggregate financing, hinting at cautious monetary policy …

10 May 2024
Positive UK economic data lifts FTSE 100

Key points The FTSE 100 opens higher following stronger-than-expected UK GDP figures. Positive economic data sparks a cautious optimism in market forecasts, influencing company strategies and investor outlooks. The FTSE 100 is experiencing an upswing, buoyed by the UK’s latest …

Back To Top
Chatbots