Global indexes were closed mixed last week following choppy trade on the back of reports of a missile strike on a Saudi Aramco facility. Oil futures turned higher as attack caused an explosion and fire at the facility. Meanwhile, the Federal Reserve’s monetary policy and the Russia-Ukraine war remained in…

Global indexes reversed and recorded a weekly gain with S&P 500, DJI, and MSCI ex Japan up by respectively +6.2%WoW, +5.5%WoW, 3.9%WoW. The Fed hiking cycle has been started, but historically struggle for equity market during the Fed’s hike preparation. Powell stated multiple times on “long cycle” indicating reluctance ahead…

Global indexes continued to record losses with S&P 500, DJI, and MSCI ex Japan down by respectively -2.9%WoW, -2.0%WoW, and -4.5%WoW. The selloff driven by sentiment due to ongoing Russia invasion to Ukraine and commodity price volatility. Any news of a ceasefire or a detente is the relief rally to…

Global indexes were lacklustre last week with S&P and Dow Jones continuing the 3rd weekly losses each down by -5.7% and -4.6% WoW, respectively, as Fed’s monetary policy normalization theme continued to weigh on stocks. Near term focus will be on the Fed’s FOMC where consensus expectations are that the…

Global equity indexes closed higher last week with S&P and Dow Jones up by + 1.6% and 1.1% WoW respectively even as technology share fell under pressure. Optimism came from upbeat 3Q21 earnings result in which 85% of US companies beat expectation. Although gains were evaporating on Friday on the…

Global equity indexes continued its gain momentum by closing the week higher (S&P 500 +1.8%WoW, DJI 1.6%WoW, MSCI Asia ex-Japan 1.9%WoW). US market spurred on the back of robust corporate earnings and alleviated investors’ focus away from inflationary pressure risk. According to FactSet data, as of Friday, 80% of the…

Global equity indexes were closed lower last Friday with Dow Jones and S&P down by -1.4% and -2.2% WoW respectively. Investors were worried about China Evergrande and whether Congress can resolve battle over US spending plans. House Democrats postponed plans to vote on an approximately USD 1tn infrastructure bill on…

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…