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Market Review

Weekly Market Review (5 July 2021) - What happened and What's Next?

US equities recorded at new highs but Asia down. S&P and DJI gained up by +1.7%WoW and +1.0%WoW, respectively, even when UST 10y declined 10bps WoW and amid recent surging on covid cases due to delta variant. Market saw a reversal in reflation trade where technology sector outperformed sectors sensitive…

Weekly Market Review (28 June 2021) - What happened and What's Next?

Global indices ended the week higher with S&P and MSCI Asia ex-Japan up by +2.7% WoW and +1.2% WoW, respectively, as Fed Chair Powell in his testimony tried to tone down the hawkish turn from the FOMC. He re-emphasized the Fed’s outcome-based approach and ruled out pre-emptive hikes.

Weekly Market Review (21 June 2021) - What happened and What's Next?

Global indices ended the week lower with S&P and MSCI Asia ex-Japan down by -1.9% WoW and -1.2% WoW, respectively, as Fed turned more hawkish during the FOMC meeting. In addition, Economic data generally on weaker side suggesting slowing momentum. 

Weekly Market Review (14 June 2021) - What happened and What's Next?

Global indices mixed with S&P and MSCI Asia ex-Japan slightly up by +0.4%WoW and +0.1%WoW, respectively, while DJIA slipped slightly by -0.8%WoW. The mixed data reading continued where market saw US inflation stronger than expected, but labour market was tight with record high job opening. Rangebound US treasury yield indicates…

Weekly Market Review (26 April 2021) - What happened and What's Next?

Global indices delivered mixed results last week with S&P 500 down by -0.1% WoW while MSCI Asia ex-Japan gained +0.5% WoW, as yields continued to stabilize. Republicans proposed USD 568bn of infrastructure alternative this past week (to be funded by user fees and leftover funds from pandemic-related spending), but much…

Weekly Market Review (19 April 2021) - What happened and What's Next?

US indexes were closed higher last week, S&P and Dow Jones gained +1.4% WoW and +1.2% WoW respectively as yields continued to stabilize. US Treasury yields dived to one-month lows on Thursday as a possible safe haven bid related to increase geopolitical risks, along with Japanese buying and technical factors…

Weekly Market Review (12 April 2021) - What happened and What's Next?

Global equities mixed with US equities recorded a gain (DJIA 2.0%WoW; S&P 2.7%WoW) but Asian equities lagged (-0.6%WoW). The rise of US Tech and Growth stocks was on the back UST 10-year stabilization, supported by downplay inflation concern move by the Fed and rising doubt in eventual timing and size…

Weekly Market Review (5 April 2021) - What happened and What's Next?

Global equities ended the week higher with S&P 500 up by +2.8% WoW and MSCI Asia ex-Japan +3.4%, recovering from the losses in previous week. Economic data remain strong with US ISM manufacturing surged to 64.7 in March, far above expectations of 61.5. A variety of developments including moderation of…