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.
Wall Street’s major indexes closed in the red for the second consecutive day on a highly volatile Wednesday & Thursday (August 16 & 17, 2023), as buoyant economic data fueled concerns that interest rates will have to stay high for longer.
Wall Street’s major indexes closed in the red for the second consecutive day on a highly volatile Wednesday & Thursday (August 16 & 17, 2023), as buoyant economic data fueled concerns that interest rates will have to stay high for longer.
Bursa utama AS jatuh berjamaah sekitar 1 persenan pada perdagangan Selasa (15/08/23), disebabkan oleh pelemahan konsisten dari China yang memicu kekhawatiran atas pertumbuhan ekonomi global, demikian juga dengan yield US Treasury yang kian menanjak setelah dirilisnya data ekonomi mengenai pengeluaran konsumen yang menguat di atas ekspektasi memupuskan harapan bahwa Federal Reserve tidak akan lanjutkan kenaikan suku bunga lagi tahun ini.
Major US stocks fell by around 1 percent on Tuesday (15/08/23), as an ongoing stumble in China’s economy raised fears about global growth just as Treasury yields after stronger-than-expected consumer spending dented hopes that the Federal Reserve won’t resume rate hikes later this year.
Asian & European markets yesterday showed mixed trading direction: between responding to optimistic sentiments related to hopes that US interest rates have approached their peak; and concerns about the re-emergence of unsettling signs in the Chinese property market.
The S&P 500 and Nasdaq closed higher on Monday (14/08/23), buoyed by surging shares of chipmaker Nvidia on a bullish note from Morgan Stanley, leading gains among mega-cap stocks.
The three standouts that took center stage last week were US Inflation (July), China Inflation, and Indonesia’s 2Q23 GDP. The Dow Jones Industrial Average posted a record performance last week by rising 0.6%.
PT Multitrend Indo (“Perseroan”) adalah perusahaan yang bergerak di bidang penjualan retail fashion dan aksesoris bayi dan remaja awal yang memulai operasi pada tahun 2005 di bawah naungan PT Kanmo Retailindo, sebuah perusahaan yang bergerak di bisnis retail fashion dan aksesoris wanita premium.
