Majority of global indexes were closed lower last Friday with Dow Jones and S&P declined by -1.0% WoW and -0.5% WoW respectively. Earlier last week, hawkish Fed rate cut gave positive sentiment to equity indexes. Yet, stocks turned lower in Friday after a report that a Chinese delegation cancelled plans…

Positive news continued to trickle in this past week, further boosting equities. First, trade tensions eased further on a slew of goodwill ‘gestures’ by both the US and China. China exempted 16 US products from tariffs while on Friday it announced it will exempt US soybeans, pork and other agricultural…

Dow Jones and S&P Index were up by +1.5% WoW and +1.8% WoW respectively, as US and China agreed to restart trade talk in October 2019.

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.

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…