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Daily analysis 07 DESEMBER

US indices have another poor session behind them with major Wall Street indices dropping over 1% for the second day in a row. S&P 500 dropped 1.44%, Dow Jones moved 1.04% lower and Nasdaq slumped 2.00%. Russell 2000 dropped 1.50% China announced easing of Covid restrictions. Asymptomatic cases will now be allowed to undergo home […]

Daily analysis 02DESEMBER

US indices finished yesterday’s trading lower with all major Wall Street indices dropping over 1%. S&P 500 dropped 1.79%, Dow Jones moved 1.40% lower and Nasdaq slumped 1.93%. Russell 2000 was top laggard with a 2.78% plunge Jump in bond yields is seen as a reason behind the pressure on US equity market yesterday. Release […]

Daily analysis 02DESEMBER

US indices finished yesterday’s trading mostly lower but the scale of moves was small. Dow Jones dropped 0.56%, S&P 500 moved 0.09% lower and Russell 2000 finished 0.11% down. Nasdaq was outperformer with a 0.13% gain Indices from Asia-Pacific traded lower today. Nikkei dropped 1.6%, S&P/ASX 200 traded 0.7% down, Kospi plunged 1.8% and Nifty […]

Daily analysis 01DESEMBER

Wall Street indices rallied yesterday as Powell paved a way for a smaller 50 basis point rate hike in December. S&P 500 gained 3.09%, Dow Jones moved 2.18% higher and Nasdaq surged 4.41%. Russell 2000 jumped 2.72% Fed Chair Powell said that he does not want to over-tighten policy and moderating pace of rate hikes […]

Daily analysis 30November

US indices finished yesterday’s trading mixed. S&P 500 dropped 0.16%, Nasdaq moved 0.59% lower, Dow Jones finished flat and Russell 2000 added 0.31% In spite of a weaker-than-expected Chinese PMI reading, indices from Asia-Pacific traded mostly higher. Equities in Australia, India, South Korea and China gained while indices from Japan lagged Chinese manufacturing PMI index […]

Daily analysis 29November

US indices finished yesterday’s session lower with all major benchmark from Wall Street dropping more than 1%. S&P 500 dropped 1.54%, Dow Jones moved 1.45% lower and Nasdaq declined 1.58%. Russell 2000 plunged 2.05% Risk moods improved during the Asian session amid rumors that China may relax its coronavirus policies in response to recent protests. […]

Daily analysis 28November 2022

Asian indices as well as European and US index futures launched new week lower amid new wave of protests in China Protests erupted in China as Chinese authorities continue to tighten coronavirus restrictions. Chinese people are protesting not only against Covid measures but also against Chinese Communist Party People started to protest in major Chinese […]

Daily analysis 18November 2022

US indices finished yesterday’s trading slightly lower following hawkish comments from Fed members. S&P 500 dropped 0.31%, Dow Jones moved 0.02% lower and Nasdaq declined 0.35%. Russell 2000 dropped 0.76% Indices from Asia-Pacific traded mixed today. Nikkei and Nifty 50 dropped while S&P/ASX 200 and Kospi gained slightly. Indices from China traded mixed DAX futures […]

Daily analysis 17November 2022

US indices finished yesterday’s trading lower. S&P 500 dropped 0.83%, Dow Jones moved 0.12% lower and Nasdaq slumped 1.54%. Russell 2000 dropped 1.91% Indices from Asia-Pacific traded lower following a downbeat session in the United States. Nikkei dropped 0.3%, Nifty 50 traded 0.2% lower, Kospi dropped over 1% and indices from China traded 0.5-1.7% down. […]

Daily analysis 16November 2022

US indices finished yesterday’s session higher following a jump triggered by lower-than-expected US PPI reading for October. However, part of the gains was later erased on reports saying that Russian missiles landed in Poland US and other NATO officials say that it does not look like it was a deliberate strike on Poland, a NATO […]