Global equities closed lower with S&P 500 and MSCI Asia ex-Japan down by -0.6% and -2.7% WoW, respectively. Asian equities gave up recent gains, driven down by MSCI China (-4.8% WoW) and MSCI HK (-6.2% WoW, on the crackdown on Macau casinos). In addition, the on ongoing credit issues with…

US equities closed lower with S&P 500 and Dow Jones down by -1.7% and -2.2% WoW respectively meanwhile, China's stock market rebounded after weeks of losses due to regulatory crackdown. Investors were concerned over the spread of Delta variant in US with daily cases averaging just under 150k cases. Markets…

• Global stocks rebounded with S&P 500 up by+ 1.5% WoW and MSCI Asia ex-Japan +4.1% WoW, from technically oversold conditions the week before, driven by somewhat cautious comments by Kaplan and softer US data the week before and PBOC’s assurance this past week to keep support for the economy.…

Global indexes were traded lower last Friday with Dow Jones and S&P down by -1.1% and -0.6% WoW respectively. Investors were concerned about tapering by the Fed, China's restriction on its economy and the spread of delta variant. Minutes of Fed's meeting in July showed plans to consider reducing asset…

Global indexes were closed mixed where US equities touched new high (S&P 500 +2%WoW; DJI +1.1%WoW), meanwhile Asian stocks struggled (MSCI Asia ex-Japan down by -2.2%WoW). US stocks recorded gain along US long end bond yield stabilization and strong earning reports, reducing the concern on the spread of delta variant.…

Global indexes were closed mixed, US equities booked gains while Asian equities slumped further. Asian indexes were weighed down by China stocks due to China's regulatory crackdown on tech company Didi Chuxing along with surge in Covid-19 cases and restriction in some countries. On the other hand, US stocks (Nasdaq…

US equities recorded at new highs but Asia down. S&P and DJI gained up by +1.7%WoW and +1.0%WoW, respectively, even when UST 10y declined 10bps WoW and amid recent surging on covid cases due to delta variant. Market saw a reversal in reflation trade where technology sector outperformed sectors sensitive…

Global indices ended the week higher with S&P and MSCI Asia ex-Japan up by +2.7% WoW and +1.2% WoW, respectively, as Fed Chair Powell in his testimony tried to tone down the hawkish turn from the FOMC. He re-emphasized the Fed’s outcome-based approach and ruled out pre-emptive hikes.