Weekly Report | 19 February 2024
A MOMENTOUS ELECTION FOR INDONESIA, AS US INFLATION CONTINUES TO HEAT UP, WITH JAPAN & UK FALL INTO RECESSION.
Daily Report | 19 February 2024
The S&P 500 closed on Friday (16/02/2024), snapping a five-week winning streak as data this week showing inflation remains rein in investor bets on sooner rather later rate cuts. However, the S&P 500 managed to close above 5,000 for the fourth time this year thanks to robust corporate earnings and surging enthusiasm around artificial intelligence.
The Release of Deeper-Than-Expected US Retail Sales Data
The release of deeper-than-expected US Retail Sales data, fostering hopes that the Federal Reserve could start lowering interest rates in the next few months.
Daily Report | 16 February 2024
US stock markets closed higher on Thursday trading (15/02/24) on the back of rising OIL prices leading the overall market rally, plus the release of deeper-than-expected US Retail Sales data, fostering hopes that the Federal Reserve could start lowering interest rates in the next few months.
US Inflation Data Heated Up Above Expectations
US Inflation data heated up above expectations. US headline Inflation came in at 3.1% yoy in January, easing from 3.4% the previous month, but above economists’ forecast of 2.9%.
Daily Report | 15 February 2024
The Dow Jones Industrial Average closed up 0.4% on Wednesday after falling 524 points / 1.4% the previous day, as investors returned to stocks while prices were falling, following the release of US Inflation data which heated up above expectations.
The US Dollar Crept Up Ahead of The US Inflation Announcement
The US Dollar crept up ahead of the US Inflation announcement, which will provide further clues as to when the Federal Reserve will start cutting interest rates.
Daily Report | 13 February 2024
World stock indexes did not move much on Monday (12/02/24) while most Asian markets were still in Chinese/Lunar New Year holiday mode; meanwhile the US Dollar crept up ahead of the US Inflation announcement, which will provide further clues as to when the Federal Reserve will start cutting interest rates.
Weekly Report | 12 February 2024
STRONG US ECONOMIC DATA LED TO HAWKISH COMMENTS FROM FEDERAL RESERVE OFFICIALS. For last week, all three major US indexes recorded their fifth consecutive weekly gain with the S&P advancing 1.4%, the Nasdaq soaring 2.3% and the Dow edging up 0.04%.
