Market Update – October 31 – Stocks Down & Yen plummets
HotForex Analysis
by Andria Pichidi
5M ago
Asian stock markets traded mixed, with China bourses underperforming after weaker than expected PMI reports that signal ongoing weakness, especially in the manufacturing sector. Treasuries meanwhile found buyers and the US 10-year rate is down -5.7 bp at 4.84%, while the 10-year Bund yield has dropped -3.3 bp to 2.79%. Stock futures are higher across Europe, but down in the US. China October PMIs missed expectations as factory orders contracts – CSI300 at -0.31%. USDJPY jumped to 150.24, after the Yen fell to 2-month lows as the BOJ made only minor changes to its policy settings, disappointi ..read more
Visit website
Geopolitical Tensions Roil Energy Markets and Precious Metals
HotForex Analysis
by Andria Pichidi
5M ago
Global markets have been gripped by escalating tensions in the Middle East, with particular focus on the ongoing conflict between Israel and Hamas. Oil prices, which had slightly eased last week, are once again on edge due to concerns that the conflict might disrupt supplies. The Energy Information Administration’s recent data indicated a drop in demand and an unexpected rise in US crude inventories, adding to the market’s cautious atmosphere. Oil Market Uncertainty: USoil is currently trading at $84.07 per barrel, reflecting a further 1.7% decline. Brent crude stands at $89.05. Despite a rela ..read more
Visit website
Market Update – October 30
HotForex Analysis
by Andria Pichidi
5M ago
Stock markets struggled overnight. Mainland China bourses found buyers, but JPN225 and ASX declined, as markets watched developments in the Middle East. Risk sentiment improved during the start of the week as Israel seemed to be moving with more caution than anticipated, which helped to dampen concern about a widening of the conflict. Stock futures are higher across Europe and the US and the 10-year treasury yield has lifted 2.6 bp to 4.86%, with oil and gold also declining as haven flows ease. Treasuries were boosted also after the slowing in the PCE deflators underpinned expectations the FOM ..read more
Visit website
Apple: Bullish Correction Before Earnings Release
HotForex Analysis
by Larince Zhang
5M ago
Apple,Inc., an American multinational technology company specializes in the design, manufacture, and sale of smartphones (iPhone), personal computers (Mac), tablets (iPad), wearables and accessories (Apple Watch, Airpods, Apple Beats), TVs (Apple TV) and other varieties of related services (iCloud, digital content stores, streaming, licensing services), shall release its Q4 2023 earnings result on 2nd November (Thursday), after market close. Could this conglomerate with the largest market capitalization at over $2.6 Trillion deliver satisfactory result amidst uncertainties? Apple Inc: Revenue ..read more
Visit website
Japanese Stocks Rally: JPN225’s Surge and What Lies Ahead
HotForex Analysis
by François Du Plessis
5M ago
Japan’s Nikkei Stock Average experienced a notable 1.3% surge, last trading at a solid 30,990. This surge in the Japanese index appears to be influenced by the positive performance of US stock index futures, which often serve as a harbinger of improved risk appetite in global markets. As traders keep a close watch on the economic landscape, US economic data, particularly personal income and spending figures scheduled for release later today, are expected to be a focal point. Among the stars of the day on the benchmark JPN225 index, we saw Fujitsu soaring impressively by 12.0%. Similarly, Nomur ..read more
Visit website
META triggers sharp sell-off
HotForex Analysis
by Ady
5M ago
US stocks on Thursday moved lower, with tech stocks taking another hit, after META (-3.80%) warned about advertising revenue in an uncertain economic environment. Meanwhile, Alphabet (GOOGL) fell another -2.72% on Thursday, adding to Wednesday’s decline, as it reported disappointing cloud revenue. Amazon fell -1.11% in line with other tech stocks, but rallied back over +2%, after Thursday’s close, on a positive earnings report. Amazon’s net sales jumped 13% y/y to reach $143.1 billion, surpassing analysts’ expectations. In the three months ended 30 September, net income skyrocketed 241% to $9 ..read more
Visit website
Market Update – October 27 – Investors poised for weekly profits;
HotForex Analysis
by Andria Pichidi
5M ago
Stock market sentiment improved, and Asian equities bounced, alongside gains in European and US futures. Earnings reports helped tech stocks to stabilise, ahead of more key US data. The 10-year Treasury yield is up 3.2 bp at 4.88%, after strong GDP numbers yesterday. Eurozone bonds meanwhile continued to find buyers, after the ECB effectively confirmed yesterday that in the central scenario rates have peaked. The schedule for the re-investment of PEPP redemptions was also left untouched, which helped peripherals to outperform and spreads to come in. US economy expanded at its quickest pace in ..read more
Visit website
Market Update – October 26
HotForex Analysis
by Andria Pichidi
5M ago
Stocks and bonds were routed midweek. Tech shares were slammed after poor earnings news from Alphabet knocked its shares down nearly -10%, spreading gloom across the sector. A surge in Treasury yields added to the selloff. Meanwhile, ongoing signs of the strength in the economy after a pop in new home sales did not help. Instead, it added to expectations that a big jump in GDP on Thursday will keep a Fed rate hike in the picture later in the year or early 2024. That and fears over other big headwinds ahead added to a negative feedback loop that growth will slow sharply next year, further ..read more
Visit website
Central Banks Dilemmas
HotForex Analysis
by Andria Pichidi
5M ago
It has been a rough road for the markets so far in Q4. The final quarter of the year has proven to be a challenging period for global financial markets. With lingering concerns over inflation, hawkish central bank stances, uncertainties in economic growth, and fiscal anxieties, both stocks and bonds have felt the strain. The recent escalation of tensions in the Middle East, particularly in the conflict between Israel and Hamas, has added another layer of complexity to an already volatile situation. As a result, market volatility metrics for both US stocks and bonds have soared, reflecting the ..read more
Visit website
Market Update – October 25 – Stocks in Red; Dollar recovers
HotForex Analysis
by Andria Pichidi
5M ago
Investors cheered the approval of a trillion-yuan sovereign issue as a harbinger of stimulus, while the Chinese government unveiled new support plans that include issuing additional sovereign debt and lifting the budget deficit ratio to finance fresh measures. Hong Kong reversed a pandemic-increase in stock trade levies and Chief Executive John Lee also announced a plan to halve taxes on home purchases for residents as well as non-residents. That helped to boost property stocks, even as troubled Chinese developer Country Garden Holdings Co. was deemed to be in default on a dollar bond for the ..read more
Visit website

Follow HotForex Analysis on FeedSpot

Continue with Google
Continue with Apple
OR