28 April 2023
All three major Wall Street indexes reveled in significant positive territory, buoyed by a strong quarterly performance reports from technology megacaps, where the sentiment seemed to overshadow concerns over slowing US economic growth in the first 3 months of this year.
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27 April 2023
The market sentiment was mixed between the emergence of another potential banking crisis around the First Republic Bank issue, where investors feared that the US government would not continue its efforts, after the bank reported that its deposit position had fallen sharply earlier this week.
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18 April 2023
Bullish regional market sentiment was maintained in early week trading (17/04/23) supported by the US financial & industrial sectors. At the same time, investors were somewhat restrained with a Wait & See stance, awaiting the release of issuers' financial reports (especially banks that were eagerly awaited) and several comments from Federal Reserve officials that could give more insight into the path of interest rates.
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17 April 2023
The Dow Jones and others closed lower on Friday (14/04/23) as a barrage of mixed economic data appeared to affirm another Federal Reserve interest rate hike, dampening investor enthusiasm after a series of big US bank earnings launched first-quarter reporting season and were able to make the S&P 500 banking sector soared by 3.5%.
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14 April 2023
US & European financial markets posted significant gains in Thursday's trading (13/03/23), with Nasdaq leading the way by rising nearly 2% and its biggest daily percentage jump in a month; supported by economic data releases showing cooling inflation at the producer level and a slackening labor market, thereby contributing to optimism that the Federal Reserve may soon be able to end its aggressive interest rate hike cycle.
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