Daily Market Update – Monday, February 6, 2023
The global financial market was in a state of flux last Friday, as the release of the U.S. jobs report sparked a chain of events that sent ripples through various asset classes. The report showed a significant increase in non-farm payrolls (NFP), which in turn renewed concerns that the Federal Reserve may remain aggressive in […]
Market Update January 17, 2023 By Daniel Ang
On Tuesday, January 17th, 2023, stock markets around the world saw an extension of the new year rally, driven by optimism over the global economy, inflation coming under control, and China’s reopening. However, there were concerns that the Bank of Japan (BoJ) might temper its super-sized stimulus policy at a pivotal meeting this week. As […]
Market Update January 16, 2023 By Daniel Ang
The financial markets experienced positive growth last Friday, with the S&P 500 and Nasdaq Composite reaching their highest levels in a month. The upward trend was largely attributed to strong quarterly results from US banks and an improvement in consumer sentiment as reported by the University of Michigan’s survey. The Dow Jones Industrial Average closed […]
Weekly Market Wrap With Daniel Ang | January 15, 2023
The start of 2023 has been a positive one for stock markets, with the exception of Japan, as market participants believe that the Federal Reserve will not have to raise interest rates as much as previously anticipated, and that the United States economy may experience a “soft landing.” The week began with a cautious attitude […]
Market Update January 13, 2023 By Daniel Ang
On Friday, January 13th, 2023, the equities market experienced volatility following the release of the Consumer Price Index (CPI) data. The S&P 500 initially dropped by 0.8%, but later rebounded. The data revealed that U.S consumer prices decreased in December for the first time in more than 2 and a half years, due to falling […]
Market Update January 12, 2023 By Daniel Ang
Hello Traders, here is your latest market update. Today, we have some exciting news to share with you all, so sit tight and pay attention because we’re about to dive into the numbers. The S&P 500 closed up more than 1% while the Dollar was little changed overnight as market participants bet that tonight’s U.S. […]