Equities collapsed on Monday, with the Nasdaq, S&P 500 and Dow Jones all recording significant daily losses. The decline came as risk sentiment soured due to US recession worries. Trump’s tariffs and the subsequent trade wars have sent investors scrambling for safety in other assets. S&P 500 (Source: Bloomberg) Market participants are increasingly aware that Read More…
Equities fell on Monday, led by a decline in tech stocks like Nvidia and Advanced Micro Devices. Meanwhile, market participants were cautious as they eagerly awaited the US consumer inflation report for more clues on the outlook for US monetary policy. Nvidia fell 2.5% after reports that China was investigating the company for violating antimonopoly Read More…
Equities were set for a red day on Tuesday as risk appetite plunged amid worries of an escalation in the Russia-Ukraine war. Meanwhile, stocks ended high in the previous session due to optimism ahead of Nvidia’s earnings report. Russian President Vladimir Putin surprised markets on Tuesday by announcing a lower threshold for using nuclear power Read More…
Equities plummeted on Tuesday after downbeat manufacturing data sent investors scrambling for safety. At the same time, experts believe the decline came as investors dumped equities at the start of a historically poor month. Data on Tuesday showed a bigger contraction in the US manufacturing sector than expected. The ISM manufacturing PMI showed a contraction Read More…
US equities rose on Monday because of weaker-than-expected manufacturing data, which increased the likelihood of a Federal Reserve interest rate cut in September. Meanwhile, a New York Stock Exchange malfunction caused some trading gaps in most equities. US manufacturing (Source: ISM) There was a bit more rate-cut optimism in the markets on Monday, which improved Read More…
Equities ended down on Monday as Treasury yields rose due to geopolitical tensions and upbeat US data. However, they had rallied earlier in the session due to positive earnings reports from financial institutions. Tensions in the Middle East after Iran’s attack on Israel sent US yields up as investors scrambled for safety. There are worries Read More…
