Weekly Report | 2 January 2024

A BIT OF 2023 FLASHBACK IN THE STOCK MARKET: The stock market recorded an impressive performance in 2023, and closed on a sweet note thanks to a year end rally on the back of interest rate cut expectations next year.

Daily Report | 2 January 2024

Global shares pulled back on the last trading day of 2023 but notched their biggest annual rise since 2019, while US bonds ended the year in the same position as the previous year (below 4%) after major swings for the benchmark in 2023. Shares around the world have risen sharply in the last two months of the year as benchmark bond yields fell on expectations of central bank rate cuts in 2024.

The 10-year US Treasury Yield Reached 3.844%

The 10-year US Treasury yield reached 3.844%, slightly up after hitting a 5-month low. Meanwhile, the 2-year yield rose back to 4.275%, after reaching 5.295% in October.

Daily Report | 29 December 2023

World stocks climbed higher on Thursday (28/12/23), as expectations of interest rate cuts drove a rally in US stocks, while US Treasury yields and the Dollar rebounded slightly from 5-month lows.

US10YT is Expected to Close The Year

Sentiment of a rate cut expectation by the Federal Reserve as soon as March 2024 is still dominating the market, especially after the release of the US Personal Consumption Expenditures (PCE) price index data which is slipping, further supporting interest rate sensitive stocks and giving Wall Street an upward push. 

Daily Report | 28 December 2023

U.S. stocks closed slightly higher in languid trading on Wednesday (27/12/23), with little market-moving news to fuel conviction as the S&P 500 hovered just below bull market confirmation.

Weekly Report | 27 December 2023

SANTA CLAUS IS COMING TO TOWN! If the previous week was the week of the US, England, and Eurozone central bank decisions; then the last week before the Christmas holiday is filled with central bank decisions of a number of Asian countries, such as: Japan, China, and Indonesia; in which all three central banks decided not to change their respective benchmark interest rates.

Daily Report | 27 December 2023

All three major US stock indexes rose in light trading a day after the Christmas holiday, with the S&P 500 touching its highest intraday level since January 2022.