Indices

13 June 2024
South Korean shares gain over 1% on Wall Street rally; Chipmakers shine

Key points: KOSPI rises as foreigners become net buyers Korean won strengthens against the dollar South Korea’s benchmark bond yield falls South Korean shares saw a strong rise of more than 1% on Thursday, following a rally on Wall Street. …

7 June 2024
Dollar remains close to an 8-week low as payroll test approaches

Key points: The dollar index (DXY) remains close to an eight-week low ahead of a significant U.S. jobs report. Traders anticipate weaker jobs growth, which could influence future Federal Reserve rate cuts. The dollar hovered close to an eight-week low …

6 June 2024
S&P 500 and Nasdaq hit record highs on Fed easing hopes

Key points: S&P 500 and Nasdaq indexes hit record closing highs, driven by technology stocks. Private payrolls data shows slowdown in May, indicating potential for Fed rate cuts. On Wednesday, the S&P 500 and Nasdaq indexes soared to record closing …

4 June 2024
Japan’s Nikkei slips as investors seize profits after 2-day rise

Key points: Nikkei falls 0.45% to 38,749.25 after approaching 39,000 points. Investors take profits after two consecutive days of gains. Japan’s Nikkei share average fell on Tuesday as profit-taking set in after Japanese equities rebounded close to the 39,000-point mark …

4 June 2024
US inflation eases, reigniting interest rate cut hopes 

Key points:  PCE inflation rose 2.7% in April, easing fears of spiraling inflation.  US Dollar Index logged modest losses, reflecting a weaker greenback. This article is a follow-up to: PCE data to play integral role in Fed rate decisions  The …

3 June 2024
ECB rate cuts and US jobs data key in deciding market trajectory

Key points: ECB Rate Cut sees possible 25 basis point reduction with future signals being key. In the US, NFP release on Friday could prompt re-pricing of US interest rate cuts. The European Central Bank (ECB) is set to cut …

30 May 2024
Gold prices retrace as US dollar and treasury yields rise ahead of key inflation data 

Key points:  Spot gold falls to $2,330.44 per ounce.  Strengthening US dollar and higher Treasury yields pressure gold prices.  Traders focus on upcoming U.S. core PCE inflation data.  This article is a follow up from: Gold rises ahead of key …

27 May 2024
Nasdaq index soars as tech stocks continue to rally 

Key points:  Nasdaq composite index closed at a record high of 16,920.79, gaining 1.3% last week.  Impressive earnings report from Nvidia drives investor interest in AI-related stocks.  Nasdaq achieves nearly 9% gain in May, leading major indices.  The Nasdaq composite …

27 May 2024
Week ahead: PCE data to play integral role in Fed rate decisions

The Dow Jones and S&P 500 both ended their multi-week winning streaks, a shift driven by economic data that came in hotter than expected. This unexpected resilience in the economy has prompted many to push back their expectations for Federal …

24 May 2024
Japan’s Nikkei records weekly loss as Fed outlook weighs

Key points: Nikkei declines 1.17%, impacted by U.S. economic data. U.S. 10-year bond yield climbs, influencing global markets. Japan’s Nikkei share average fell sharply on Friday, reflecting declines on Wall Street. Strong U.S. economic data has stoked bets that persistent …

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