Market Focus US equity market turned south on concerns that resurgence in coronavirus cases will lead to second wave of lockdown across US, which is distinct possible as Fauci mentioned on Wednesday ‘any state that is having a serious …
Daily Market Analysis Market Focus Tech Stocks extended gains while XAUUSD successfully climbed over $1810 on Wednesday. US tech shares surged as investors looked past tensions between Washington and Beijing and sought out companies thought to be insulated from …
Market Focus Despite board members from Bank of Japan see continued high uncertainty surrounding the economy, no major change to the current monetary tools is considered. BOJ officials want to continue to closely monitor effects of previously implemented policy as …
Daily Market Analysis Market Focus US stocks surged, with tech shares pushing Nasdaq Composite to a record high. The DXY continued to fall for a fifth day while US Treasuries dipped. On the same note, the S&P 500 index …
Market Focus Investors continue to weigh signs that global economies are on the mend against relentless new outbreaks of the virus. US payrolls data Thursday fueled optimism of a V-shaped recovery in the world’s biggest economy. Australia’s Retail Sales …
Daily Market Analysis Market Focus The US Nonfarm Payroll report showed that the country has added 4.8 million new jobs in June while the unemployment rate dropped to 11.1%, both much better than anticipated. However, other employment related data such …
Market Focus ISM Manufacturing PMI rose to 52.6 from previous 43.1, beating estimate of 49.5. The printed figure was the highest number recorded in a year. ADP’ private-sector jobs rose by 2.369 million in June, ADP Research Institute vice …
Daily Market Analysis Market Focus US benchmarks ended higher on Tuesday, seeing off the best quarter for Wall Street since 1998. The S&P 500 gained 1.5% to 3,100 while the Dow Jones Industrial Average added 0.9%, which is equivalent …
Market Focus Total death toll worldwide has surpassed 500,000 and confirmed cases exceeded 10 million. WHO warned that the worst scenario has yet to come. European Union governments is considering extending a travel ban for US residents for at …
Daily Market Analysis Market Focus Toward the end of trading Friday, the Dow traded down 2.72% to 25,044.16 while NASDAQ dropped 2.18% to 9798. Additionally, the S&P 500 also fell 2.19%, hitting 3016.20. The main driving force for the …
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