Global indexes posted strong gains last week with SPX hit record high, up +3.3% WoW and Asia ex Japan gained +2.9% WoW. Support for equities came from multiple fronts such as positive newsflows on Covid-19, US-China phase I deal as well as tailwinds from central bank accommodative monetary policies. FDA…

Global indexes closed the week mixed with S&P 500 down slightly by -0.2% WoW, while MSCI Asia ex-Japan was up by +0.5% WoW. On US-China tensions, US further tightened restrictions on supplies to Huawei, which led to a broader risk-off sentiment for the tech sector. While US and China may…

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Majority of global equity indexes ended the week with moderate gains as there is no clear cut catalysts to move the market in either direction. US indexes were closed mixed on Friday but still posted gains for the week on the back of mixed economic data. Retail sales growth in…

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…