Market Analysis

27 November 2023

Week Ahead: Markets to Focus on RBNZ Rate Statement and US Core PCE Price Index

Several key factors are expected to impact the financial markets this week, including the Reserve Bank of New Zealand’s Rate Statement and the US Core Personal Consumption Expenditure (PCE) Price Index. Given the potential for significant market movements, we advise …

24 November 2023

US Thanksgiving Holiday: European Stocks Rise, Oil & Gas Surge, Travel Stocks Decline

European stocks showed a cautious upward trend as the US markets remained closed, with the Stoxx 600 index edging up by 0.3%. Despite oil price falls from the postponed OPEC meeting, oil and gas stocks surged while travel stocks faced …

23 November 2023

Stocks Surge as Treasury Yields Drop; Dollar Strengthens Amid Global Economic Indicators

The stock market witnessed a surge in major indices, with the Dow Jones, S&P 500, and Nasdaq all marking notable gains, signaling a widening positive trend across the market. However, the energy sector faced a slight decline due to OPEC’s …

22 November 2023

Fed’s Firm Stand on Rates Spurs Market Decline

The Federal Reserve’s indication of maintaining high-interest rates led to a stock market dip, impacting indices like the Dow Jones, S&P 500, and Nasdaq Composite. This stance affected sectors including housing, reflected in the lowest existing home sales since 2010, …

21 November 2023

Tech Giants Propel Stock Market Surge as Investors Eye Thanksgiving Closure and Fed Minutes

The stock market rallied as tech giants Microsoft and Nvidia drove significant gains, marking record highs amidst former OpenAI chief Sam Altman’s move to lead a new AI research team at Microsoft and Nvidia’s imminent earnings report. With the Dow …

20 November 2023

Week Ahead: FOMC Meeting Minutes and Flash Services PMI Reports from the US, UK, and Germany

Various events look set to impact the markets this week. In addition to minutes from the Fed’s November meeting, market movements will likely also be shaped by the release of updated flash services and manufacturing PMI figures. Traders should maintain …

17 November 2023

Dow Slips as Cisco and Walmart Drive Declines, November’s Positive Trajectory Pauses | Currency Trends and Commodity Movement

Thursday’s stock market saw the Dow Jones slipping by 0.13%, ending its winning streak, while the S&P 500 and Nasdaq showed marginal gains. Declines in Cisco and Walmart heavily influenced the Dow’s dip, accompanied by a pullback in Chevron due …

16 November 2023

Market Update: Stocks Extend Gains on Positive Inflation Data, Dollar Rebounds Amid Economic Swings

After positive inflation data, stock markets continued their climb, marked by modest gains in the S&P 500, Nasdaq Composite, and Dow Jones Industrial Average. However, despite a notable drop in the producer price index, retail sales declined, painting a mixed …

15 November 2023

Stock Market Soars on CPI Report: Tech Surges, Banks Rally, and Dollar Dips

The stock market witnessed a robust surge buoyed by an optimistic response to the latest US inflation report. Major indices like the Dow Jones, S&P 500, and Nasdaq rallied significantly, with tech stocks, in particular, hitting record highs. The lower-than-expected …

14 November 2023

S&P 500 Holds Steady Amid Cautious Sentiment, USD Retreats Ahead of CPI Data

In Monday’s trading session, the S&P 500 closed with minimal change, while the Nasdaq and Dow Jones showed varied movements. Investors awaited October’s Consumer Price Index (CPI) data, predicting a 3.3% year-over-year growth in inflation. Moody’s highlighted the U.S. fiscal …