Market Overview
The UK economy shows resilience to high interest rates. The Chinese yuan is under pressure
2024.01.05
Weekly initial jobless claims fell by 18,000 to a 2-month low of 202,000, indicating a stronger labor market than expected at 216,000. In addition, the December employment change from ADP rose by 164,...
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BRICS continues to expand. Fitch downgrades Chinese companies again
2024.01.04
The minutes of the December 12-13 FOMC meeting did not indicate an imminent Fed rate cut and provided support for the dollar.
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Today, investor interest is focused on the FOMC minutes
2024.01.03
Weakness in technology stocks pressured the overall market. Apple (AAPL) shares fell more than 3% yesterday after Barclays downgraded it to a low rating due to concerns about low demand for the iPhone...
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The geopolitical situation in the Middle East is heating up again. Asia's growth outlook outperformed the Eurozone
2024.01.02
Hawkish comments from former US Treasury Secretary L. Summers on Friday lent support to the dollar when he said "..there's not going to be as much room for the Fed to ease as people are hoping."
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Week's main events Week's main events (January 01 – January 05)
2024.01.02
Volatility will gradually increase closer to Friday's Nonfarm Payrolls data
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Japanese index became the best-performing stock index in Asia
2023.12.29
Economic news is also contributing to the rally in stock indices. US weekly initial jobless claims rose by 12,000 to 218,000, indicating a weak labor market versus expectations of a rise to 210,000. U...
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The decline in global bond yields supports stock indices
2023.12.28
Apple (AAPL) fell by 0.78%, added to Tuesday's 0.28% loss, and topped the Dow Jones (US30) losers list after the US Trade Representative decided not to overturn the International Trade Commission's ru...
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Oil rises in price amid rising geopolitical risks in the Middle East. Santa Claus rally supports broad market
2023.12.27
Rising holiday spending indicates consumer confidence in the economic outlook, which is supporting stocks.
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Oil rises amid risks of supply disruption across the Red Sea. The UK economy is close to recession
2023.12.26
On Friday, the US PCE deflator for November fell to a 2-year low of 2.6% y/y from October's revised 2.9% y/y and was weaker than expectations of 2.8% y/y.
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Week's main events Week's main events (December 25 – December 29)
2023.12.26
The last trading week of the 2023 year
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