Dow Jones Index and S&P 500 declined -1.0% and -1.4%WoW, respectively, mainly dropped on the last day of trading as China's move to add 5-10% tariffs on $75bn of US exports in two tranches on Sep 1 and Dec 15, and end the suspended tariff hike on cars and car…

SPX declining -1%WoW due to market concerns on potential upcoming US recession on the back of the US 10Y/2Y yield curve briefly inverting, weak German economic data and China’s disappointing credit and activity data where Industrial Production and retail sales growth slowed down in July.

Global equities continued to trade lower last week S&P500 -0.5%WoW, Dow Jones -0.8% WoW, Nikkei -1.5% WoW and Shanghai -3.2% WoW still due to concern about trade war. Indexes experienced sharp losses early last week but managed to claw back most of the losses on the last day.

While US equities posted new highs (SPX +1.7% WoW) on strong corporate earnings, Asian equities struggled, posting declines of -0.8WoW, as investors somewhat pared back their expectations on the extent of easing by CBs.

US markets ended the week with the steepest weekly decline since the end of May-19, Dow Jones and S&P declined by -0.65% and -1.2% WoW respectively. The slipped occurred after Fed indicated that rate cut in the upcoming meeting will be lower than expected (25 bps from market expectation of…

•    US markets touched new highs last week on the back of Powell’s Testimony which signaled a rate cut in July. On the other hand, Asia started the week on a dismal note due to dampened expectations of Fed cuts post the strong US June NFP data and escalating trade…

Globally, markets turned to more positive mood in early last week, triggered by trade truce between US and China. However, until the ink on a deal is dry, uncertainty is almost certain to persist as talks could fail quickly and without prior warning. On domestic side, given a foreign inflow…

Equity indexes were mixed last week ahead of G-20 meeting. During its Wednesday rate-setting meeting, the Fed signaling a willingness to trim rates as soon as the end of July 30-31 gathering to curb the effect of tariff clashes between US and China.  Over the weekend, there are some improvement…