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.

Global indices ended the week lower with S&P and MSCI Asia ex-Japan down by -1.9% WoW and -1.2% WoW, respectively, as Fed turned more hawkish during the FOMC meeting. In addition, Economic data generally on weaker side suggesting slowing momentum. 

Global indices mixed with S&P and MSCI Asia ex-Japan slightly up by +0.4%WoW and +0.1%WoW, respectively, while DJIA slipped slightly by -0.8%WoW. The mixed data reading continued where market saw US inflation stronger than expected, but labour market was tight with record high job opening. Rangebound US treasury yield indicates…

Global indices delivered mixed results last week with S&P 500 down by -0.1% WoW while MSCI Asia ex-Japan gained +0.5% WoW, as yields continued to stabilize. Republicans proposed USD 568bn of infrastructure alternative this past week (to be funded by user fees and leftover funds from pandemic-related spending), but much…

US indexes were closed higher last week, S&P and Dow Jones gained +1.4% WoW and +1.2% WoW respectively as yields continued to stabilize. US Treasury yields dived to one-month lows on Thursday as a possible safe haven bid related to increase geopolitical risks, along with Japanese buying and technical factors…