The First Positive Catalyst Came from The Steady 10-year US Treasury Yield

In yesterday’s trading session, the first positive catalyst came from the steady 10-year US Treasury yield from a 16-year high after economic data showed business activity weakening in the US & Euro Zone region as illustrated by the US S&P Global Composite PMI which appeared stagnant in August at 50.4 (weaker than forecast & previous period at 52); the weakest growth since last February, as demand for new business in the rapidly growing service sector is now starting to contract.

Daily Report | 24 August 2023

US stock markets closed significantly higher, with the Nasdaq leading a gain of 1.59% on Wednesday (23/08/23) buoyed by a surge in Nvidia’s share price ahead of the release of the company’s quarterly performance report which produces chips for artificial intelligence (AI) computing.

DDJIA and Others Struggled to Stay Around The Border of Positive Territory

DDJIA and others struggled to stay around the border of positive territory on Tuesday trading (22/08 / 23) triggered by investors’ concerns that the Federal Reserve will keep interest rates higher for longer; plus the fall in banking stocks as a result of the credit rating downgrade by S&P on several US banks, causing the S&P 500 bank index to fall 2.4%.

Daily Report | 23 August 2023

The Dow Jones and S&P500 ended slightly lower, while the Nasdaq struggled to stay on the border of positive territory on Tuesday trading (22/08/23) triggered by investors’ concerns that the Federal Reserve will keep interest rates higher for longer; plus the fall in banking stocks as a result of the credit rating downgrade by S&P on several US banks, causing the S&P 500 bank index to fall 2.4%.

Information of PT Anugerah Spareparts Sejahtera Tbk (AEGS) IPO

Kegiatan usaha Perseroan yang telah benar-benar dijalankan saat ini adalah  berusaha dalam bidang Industri Suku Cadang Dan Aksesori Kendaraan Bermotor Roda empat Atau Lebih (KBLI : 29300) dan bidang Perdagangan Besar Suku Cadang Dan Aksesori Mobil (KBLI : 45301)

The Yield on 10-year Treasury Notes Hit Highs

The yield on 10-year Treasury notes hit highs last seen during the Great Financial Crisis in 2007 as investors looked warily toward a meeting of central bankers who convene on Thursday at Jackson Hole in Wyoming. Federal Reserve Chairman Jerome Powell is scheduled to deliver a speech on Friday, which will be closely monitored by market participants on whether the Fed will continue to keep interest rates high, which has led to high interest costs that weigh heavily on business and personal credit.

Daily Report | 22 August 2023

he Nasdaq led the US stock market gains by more than 1% on Monday trading (21/08/23), with shares of Nvidia jumping as investors were optimistic ahead of its earnings this week, and other technology-related stocks gaining; while the S&P500 and DJIA tend to be flat.

Weekly Report | 21 August 2023

The Nasdaq recorded its biggest weekly decline of about 2.6%. In the last three weeks, the Nasdaq has declined by about 7.2%. This is the biggest three-week decline since the end of December.

All Three Major US Indexes Ended Flat

All three major US indexes ended flat on Friday (18/8/23) with gains in the defensive & energy sectors offset by declines in large-cap stocks, as investors awaited clues from Federal Reserve Chairman Jerome Powell’s speech.