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Daily Wrap – Monday, October 31, 2022
In Asian Equity Markets stocks climbed cautiously on Monday amid hopes that the Federal Reserve might sound less aggressive about rate hikes this week, while wheat prices leapt after Russia withdrew from a pact allowing Ukrainian grain to transit the Black Sea. Gains...
Daily Wrap – Friday, October 28, 2022
In Asian Equity Markets stocks fell on Friday as Chinese cities introduced new COVID-19 curbs, while a broader rout in technology stocks spilled over into Asia after a slew of weak earnings from U.S. heavyweights. China’s Shanghai Shenzhen CSI 300 index fell 1.7...
Daily Wrap – Thursday, October 27, 2022
In Asian Equity Markets stocks gained for a third straight day on Thursday, on growing hopes that major central banks could start slowing the pace of interest rate hikes, with the European Central Bank's meeting later in the day in focus for further clues. MSCI's...
Daily Wrap – Wednesday, October 26, 2022
In Asian Equity Markets stocks rose on Wednesday on hopes that the pace of global interest rate hikes will soon start to slow, even as disappointing results from tech giants Alphabet and Microsoft stoked fears of a looming recession. MSCI's broadest index of...
Daily Wrap – Tuesday, October 25, 2022
In Asian Equity Markets stocks wallowed around lows hit early in the pandemic on Tuesday, while China's yuan fell to a nearly 15-year trough as investors were rattled by President Xi Jinping's growing power. MSCI's broadest index of Asia-Pacific shares fell to the...
Daily Wrap – Monday, October 24, 2022
In Asian Equity Markets Japan’s Nikkei share average gave up most of its morning gains during the afternoon session to close below the key 27,000 level on Monday, as investors fretted about the outlook for China’s economy. Japan’s stock benchmark ended the day up 0.31...
Daily Wrap – Friday, October 21, 2022
In Asian Equity Markets stocks fell on Friday as the prospect of aggressive interest rate hikes from the Federal Reserve soured investor sentiment, while yen wilted to fresh 32-year lows, with markets on high alert for any sign of intervention. MSCI's broadest index...
Daily Wrap – Thursday, October 20, 2022
In Asian Equity Markets stocks fell on Thursday to their lowest since April 2020 as risk appetite among investors faded after inflation data across the globe re-ignited fears of aggressive interest rate hikes by the Fed. MSCI's broadest index of Asia-Pacific shares...
Daily Wrap – Wednesday, October 19, 2022
In Asian Equity Markets stocks were mostly higher on Wednesday, with U.S. corporate earnings aiding sentiment, while traders awaited British inflation readings later in the day for clues on how hawkish central banks need to be to fight inflation. MSCI's broadest index...
Daily Wrap – Thursday, October 18, 2022
In Asian Equity Markets stocks rose on Tuesday as the dramatic U-turn in British fiscal policy brightened investor sentiment, while sterling flirted with two-weeks high on hopes the Bank of England may further delay plans for quantitative tightening. MSCI's broadest...