Category Archives: Daily Market Analysis
Chinese Ailing Economy Drags Kiwi Lower
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Written on August 22, 2023 at 6:19 am, by 力士通
The New Zealand dollar has declined and cannot recover due to China’s ongoing struggles in stimulating its economy. The Chinese stock market remains in a downward trend, primarily influenced by challenges within the property sector and limited Chinese economic stimulus efforts. The recent bullish oil prices have also hindered the much-worried Chinese economy, as theContinue Reading
China’s Smaller Rate Cut Weighs Down Stock Market
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Written on August 21, 2023 at 6:09 am, by 力士通
The Chinese government’s decision to modestly reduce the short-term loan rate has disappointed the market. Asian stock markets are on track for a weekly decline, partly influenced by China’s economic challenges and the prevailing global high-interest rate environment. A notable increase in the global government bond yield, reaching a level not seen in 15 years,Continue Reading
Global Equity Markets Tumble as Recession Looms
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Written on August 18, 2023 at 5:53 am, by 力士通
Asian stock markets are on track for a weekly decline, but global government bond yields increased, reaching a level not seen in 15 years. Asian stock markets are on track for a weekly decline, partly influenced by China’s economic challenges and the prevailing global high-interest rate environment. A notable increase in the global government bondContinue Reading
Hawkish FOMC Meeting Minutes Boost Dollar
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Written on August 17, 2023 at 6:12 am, by 力士通
The Federal Open Market Committee (FOMC) meeting revealed that inflation may remain elevated. The dollar stands fortified after the release. The Chinese stock markets, including the Hang Seng index, are grappling with downward pressure due to investor pessimism surrounding the Chinese economy. Adding to these concerns, the release of the Federal Open Market Committee (FOMC)Continue Reading
U.S. Retail Sales Rise Echo Hawkish Fed Outlook
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Written on August 16, 2023 at 5:54 am, by 力士通
Following the release of increased US Retail Sales data, the U.S. equity market experienced a decline as investors leaned towards a hawkish Fed policy stance. Last night, the spotlight was on U.S. retail sales data, which surpassed market expectations by coming in at 0.7%, an improvement from the previous figure of 0.3%. The increase inContinue Reading
China Unexpected Rate Cut To Boost Economy
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Written on August 15, 2023 at 6:23 am, by 力士通
The surprise interest rate cut by the People’s Bank of China has sparked apprehensions within the market. China has taken an unexpected decision to reduce its interest rate as a measure to invigorate its persistently subdued economy. The action, carried out by the People’s Bank of China, has sparked apprehensions within the market regarding theContinue Reading
China’s Worsening Property Slump Dampens Market Sentiment
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Written on August 14, 2023 at 6:15 am, by 力士通
Chinese equity markets are grappling with selling pressures due to the nation’s escalating property concerns, which have cast a shadow over market sentiment. Chinese equity markets, including the Hong Kong stock market, are grappling with selling pressures due to the nation’s escalating property concerns, which have cast a shadow over market sentiment. Compounded by theContinue Reading
CPI Falls Short Of Market Consensus, Dollar Stands Pat
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Written on August 11, 2023 at 6:38 am, by 力士通
The U.S. Consumer Price Index (CPI) was unveiled in the previous night’s session, yielding a mixed outcome. The U.S. Consumer Price Index (CPI) was unveiled in the previous night’s session, yielding a mixed outcome. While the reading showed an increase compared to the earlier figures, indicating a rise in inflation, it fell short of theContinue Reading
All Eyes On U.S. CPI
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Written on August 10, 2023 at 6:46 am, by 力士通
As the anticipation builds for releasing the Consumer Price Index (CPI) today, the U.S. equity markets maintain their downward trajectory. As the anticipation builds for releasing the Consumer Price Index (CPI) today, the U.S. equity markets maintain their downward trajectory. The market speculation is rife, with expectations suggesting a modest uptick in U.S. CPI figuresContinue Reading
Stock Market Slides After Moody’s Downgrades Banking Sector
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Written on August 9, 2023 at 6:14 am, by 力士通
Moody’s decision to downgrade select U.S. banks triggered selling pressure in the U.S. stock market. Moody’s decision to downgrade select U.S. banks, citing escalating financial risks, triggered selling pressure in the U.S. stock market last night. The situation worsened as China unveiled its Consumer Price Index (CPI) and Producer Price Index (PPI) readings, both ofContinue Reading