Category Archives: Market Insights
Markets Cautious Ahead of Earnings Season
Written on April 17, 2023 at 5:47 am, by jonywang
Equities are muted as markets await the expected volatility of the earnings season US index futures cautiously climbed during the Asian market session, signalling investors’ apprehension ahead of the upcoming earnings season. Against the backdrop of growing concerns over economic slowdown and the possibility of further rate hikes, market volatility is expected to remain high,Continue Reading
Alibaba to roll out AI Tech to rival ChatGPT
Written on April 17, 2023 at 4:57 am, by jonywang
Alibaba Cloud has unveiled its AI chatbot, Tongyi Qianwen The Chinese tech giant, Alibaba Cloud, unveiled an AI-driven chatbot Tongyi Qianwen that will gradually become available across all Alibaba products, from enterprise communication to e-commerce, in the coming period. The chatbot will possess Chinese and English language capabilities and will be initially deployed on DingTalkContinue Reading
Rate Hike Expectations Falter as PPI Plummets
Written on April 14, 2023 at 6:12 am, by jonywang
The US Producer Price Index came in lower than expected The US Federal Reserve’s rate hike expectations have continued to wane amid a flurry of lacklustre economic data. The latest blow to inflationary pressures came from the Producer Price Index (PPI) released by the Bureau of Labor Statistics, which displayed a significant drop in annualisedContinue Reading
US Dollar Dips as Inflation Falls Short.
Written on April 13, 2023 at 5:57 am, by jonywang
US Treasury yields and the Greenback dipped as investors recalibrated their expectations for rate hikes following the release of March’s Consumer Price Index (CPI), which came in below the market consensus. This unexpected dip in inflation triggered a surge in the prices of non-yielding assets such as gold and crude oil, as the weakening ofContinue Reading
Gold Surges Past 2010 as Inflation Shows Signs of Slowing
Written on April 13, 2023 at 5:46 am, by jonywang
On Wednesday, 12 April, the U.S. CPI data was released, showing that March’s headline inflation in the U.S. slowed more than anticipated, with the year-on-year number showing a drop from 6.0% in February to 5.0% in March; lower than the expected 5.2%. The monthly rate decreased to 0.1% from 0.4%, which was lower than theContinue Reading
Markets Calm Before Inflation Data
Written on April 12, 2023 at 5:58 am, by jonywang
Economists project the upcoming U.S. CPI figures will galvanise the markets in either direction depending on its performance U.S. equity markets have traded in low volatility for the past few sessions, but economists project the lull period will be broken after the U.S. CPI is released later today. A softer reading from the CPI isContinue Reading
Equities Market Edge Higher as Risk-On Sentiment Escalates
Written on April 11, 2023 at 6:51 am, by jonywang
The market has a higher risk tolerance, with U.S. equity markets edging higher and the dollar extending its gain for the 2nd straight session. On the other hand, notwithstanding a dovish stance from the newly appointed BoJ governor, economists projected that the ultra-loose monetary policy is unsustainable with the rising inflation in Japan. Shifting fromContinue Reading
Markets Muted While Celebrating Easter
Written on April 10, 2023 at 5:50 am, by jonywang
The markets remained clueless after releasing mixed signals in the U.S. economic data last Friday. Last Friday, U.S. economic data gave mixed signals, leaving the markets clueless, especially on the upcoming Fed’s monetary policy. The Non-Farm Payroll decelerated to 236k but is in line with the market consensus. However, the country recorded a record lowContinue Reading
Mixed Asian Shares After Surprise Rate Hike by RBNZ
Written on April 10, 2023 at 3:17 am, by jonywang
Asian markets were mixed as investors digested a US labour report showing a drop in job openings to their lowest level in almost two years in February. New Zealand’s central bank increased its benchmark cash rate by 50 basis points to 5.25%, causing the New Zealand dollar to strengthen by almost 0.9%. Meanwhile, Japan’s NikkeiContinue Reading
Markets Steady Ahead of NonFarm Payroll.
Written on April 7, 2023 at 5:53 am, by jonywang
Most of the asset classes were muted ahead of the Nonfarm Payroll report which will be released today; Markets seemed confused and contradictory between asset classes with the backdrop of high inflation and recession fears. Assets class, including equity markets, the U.S. dollar, gold, stayed flat on Thursday amid directionless trading. On the other hand,Continue Reading