Global equities were closed mixed last week on the back of mixed corporate earnings and economic data. US mega-cap tech stocks such as Apple, Amazon and Facebook booked better than expected profit. Whereas other sectors, especially energy stocks were hit by the poor results. On economic data, US consumer spending…

Global equities were broadly flat this past week after having started the week on a strong footing driven by positive vaccine headlines and agreement on EU’s recovery fund, but gave up gains later on weaker-than-expected economic data and further ratcheting up in US-China tensions. SPX was down -0.3% WoW, while…

Global indexes were mixed at the end of last week as investors weighed the possibility of increased tension between US-China, rising coronavirus cases and mixed economic data. US indexes continued its third consecutive weekly gain but most Asians’ stock ended the week with loss. US retail sales and Philadelphia index…

Global equity saw another good week with S&P500 and MSCI Asia ex-Japan gaining +1.8% WoW and +3.6% WoW, respectively, as economic data continued its strong trend with US continuing claims declined to 18.1mn from 18.8mn and US ISM non-manufacturing index positively surprised. In China, new CNY loans and new aggregate…

Equity recorded mixed result during the past week, with SPX -2.9%WoW, DJI -3.3%WoW, while MSCI Asia ex Japan +0.3%WoW. Investors are facing a continuation risk-off sentiment as COVID-19 cases surpassed 10mn globally and resurgence cases in US, particularly in Arizona, South Carolina, Florida, and Texas. There are increasing signs that…

Equities posted gains with S&P 500 +1.9% and MSCI Asia ex Japan +1.7% WoW with defensive/growth sectors outperforming financials/cyclicals/value stocks. Stronger than expected economic data driven by re-opening momentum, and continued policy support from Central Banks and policy makers remain the dominant themes driving markets higher. 

Equites started the week on a strong footing following a strong payroll US data from the week before. However, gain was erased after the Fed meeting which indicated a grim outlook for economy recovery and increasing concern on potential second wave. As a result, global indexes ended lower with S&P…

Global indexes rally across the board again, with SPX +4.9%WoW, DJI +6.8%WoW, and MXASJ +7.4%WoW. The market rally is now broadening to include some of the laggards, such as financials and deep cyclicals that are more geared to the economic recovery.