25 Oct 2022 - Behind the US market strength overnight, the real news in the markets this week was the Hong Kong market where shares faced a wave of selling after the conclusion of the Chinese Communist Party’s national congress meeting over the weekend.The Hang Seng Index fell 6.4% on Monday, the biggest one-day decline since the global financial crisis.
24 Oct 2022 - Stocks climbed on Friday as Wall Street closed a volatile week on a high note despite some disappointing earnings reports. The move comes ahead of two big weeks of central bank policy decisions, and earnings. Next week we see earnings from 150 S&P500 companies including Microsoft, Meta, Amazon, General Motors & Coca Cola to name a few.
21 Oct 2022 - Stocks fell in choppy trading on Thursday as investors weighed several key earnings reports and kept an eye on the bond market, where Treasury yields continue to climb.The selling pressure across the market appears to be coming from retail investors who are piling into cash, with nearly $140bn switched into retail money market funds so far in 2022.
20 Oct 2022 - Stocks moved lower on Wednesday as Wall Street struggled to extend its rally, amid a sharp rise in Treasury yields. The big news overnight was the awarding of US$2.8b in grants for EV battery production from the Biden administration with the grants subject to some further negotiations.
19 Oct 2022 - US equities finished higher in Tuesday trading, with major indices fading off early strength before firming into a choppier afternoon. The optimism comes after 3Q and 4Q earnings should confirm fundamentals remain anchored in a resilient labour market and Covid reopening.
18 Oct 2022 - US equities finished sharply higher in Monday trading, ending near best levels and more than erasing Friday's slide. Across the sectors, bank earnings continued to highlight the tailwind from higher rates and resilient US consumers. Bank earnings continue to beat lowered expectations.
17 Oct 2022 - Stocks slumped Friday, capping off a volatile week of trading, a day after posting a historic turnaround rally. Early gains were erased following the Michigan consumer sentiment report that showed an increase in one-year inflation expectations for the first time in seven months and came after Thursday’s hotter-than-expected CPI report. Both reports added scepticism to the peak inflation dynamic and supports recent Fedspeak that has continued to push a raise-and-hold narrative until inflation meaningfully comes...
14 Oct 2022 - US equities finished higher in Thursday trading, near best levels after reversing a big decline from right after the open - this included the Dow Jones surging 1,500 points from peak to trough, as traders shook off another hot inflation report. Stocks fell to session lows when the September consumer inflation report showed a larger-than-expected increase. The consumer price index increased 0.4% for the month, more than the 0.3% estimate from Dow Jones. On an...
13 Oct 2022 - US equities ended mostly lower in somewhat directionless Wednesday trading. The S&P 500 fell Wednesday, notching a sixth consecutive daily loss and hitting the lowest close since November 2020 as investors looked ahead to a key consumer report that will inform the pace of the Federal Reserve’s rate hikes going forward.
12 Oct 2022 - US stocks fell Tuesday, reversing earlier gains as investors looked ahead to key inflation data and earnings out later in the week. Tonight, the producer price report will be released, followed by the September consumer price index Thursday. On Friday, September retail sales will give further insight into consumption.
