ZFX: Markets was still choppy amid cautious sentiment
Investors continued to digest those variables these days, making markets a bit choppy last Friday. It is reported that SoftBank Group is reconsidering its trading strategy, triggering sell-off pressure over the tech stocks once again. However, the Dow rose nearly 0.5%.
Without big news, the UK-EU Brexit crisis was the major concern among investors. In view of the recent actions by the UK side, EU officials have stated that the European Parliament will not make any deal with the UK
ZFX: Short covering? A sharp rebound normally not a bullish sign
Stocks in Asia-Pacific were generally good in earlier trading session, following Wall Street’s rally. The three major Wall Street indexes rebounded from the recent low, of which the Nasdaq rose 2.7%, the Dow rose nearly 440 points.
Most of the analysis believe that investors move the funds back to those tech stocks at the low levels, triggering the rebound amid the lack of bullish news. ZFX analyst Jacob Leung said that, there was not much fundamental supporting. In the markets
ZFX: Cash is King! Dollar bounced amid bearish markets
Asian stock markets generally declined on Wednesday after Wall Street’s tumble overnight. Stepping into the European trading session, stocks are expected to open lower, as investors are worried the overvaluation of those tech stocks. The Nasdaq has dropped 10% over the last three trading days, which is a sign of entering into a correction.
“Cash is King” once again reflected the recent strength of the dollar. Dollar index has bounced around 2% from 91.75. Investors sold
ZFX: Markets were in a narrow range amid US holiday with mixed noise
Stocks in Asia Pacific were mixed on Tuesday early trading session as overnight the US markets were closed for the Labor Day holiday. The dollar index was just little changed on Monday around 93 level.
Last Friday, the whole market was volatile after the Nonfarm Payrolls. The figures were generally good, matching the expectations, however, the Wall Street was still under pressure.
The NFP showed 1.371 million jobs were added in August, slightly less than the
ZFX: The markets mixed amid no dominated theme
The Wall Street overnight was bullish together with the bouncing dollar. S&P 500 and Nasdaq hit record highs again, and the DOW reached 29000 level, the highest since the late February.
However, stocks in Asian trading session were just mixed on Thursday as investors react differently to the latest economic data.
The US stocks even closed higher after the disappointing ADP figures, showing that the private payrolls only increased by 428000 in August, far below
News mixed! Wall street was strong amid the rebound of dollar
On Tuesday earlier, weak dollar was the market theme in the financial market. However, after the economic data announcement in the US session, the dollar obviously regained its loss. A better than expected ISM manufacturing figures restored the confidence over the dollar, and further improved the market sentiment. The three major Wall Street indexes rose, of which the Nasdaq jumped nearly 1.4%.
The US ISM manufacturing index was 56 in August, showing the manufacturing activity
ZFX: Dovish Fed signals propped up riskier assets
On Monday, markets in Asian Region were mostly trading higher as weaker dollar is generally deemed as the driver of bullish sentiment, supporting those riskier assets.
In Asian trading session, the dollar index was once as low as 92.15. After the Fed announced the latest monetary policy framework, investors expected that the Fed will maintain the low interest rates policy for a long period of time, hurting the outlook of the dollar. Following the momentum of last Friday, the US
ZFX: Bearish outlook of the greenback amid dovish Fed signals expectation
On Thursday, Asian stock markets were mixed as investors is waiting for hints from Fed Chairman Powell regarding the policy framework and inflation target.
Stepping into European trading session, stock markets are still no clear direction, losing the positive momentum overnight. The Nasdaq and the S&P made another record high on Wednesday due to the outperformed figures of the US durable goods orders.
The markets believe that the Fed will set the inflation like an
ZFX: Strong economic data propped up investor sentiment
Last Friday, the US stock market was boosted by the strong figures. The three major Wall Street indexes all rose. The S&P 500 closed 0.34% higher, another closing record. The Nasdaq jumped 0.42%, another record also. Generally, investors are looking forward once again to economic recovery, triggering such solid gains.
The performance of the US data on Friday beat expectations. The PMI figures from Markit showed that the manufacturing and the services activities improved in
ZFX: Record close again! Nasdaq jumped 1.1% amid weak dollar
Market sentiment turned back a bit bullish on Thursday, as the dollar dropped after the rally on Wednesday. The three major Wall Street indexes all rose, of which the Nasdaq made another new high, which is the third time within this week, finally rising nearly 1.1%.
Asian stocks were generally closed higher on Friday, following the momentum overnight. The economic figures of the US were mixed. The US Labor Department announced that the initial weekly jobless claims bounced to 1.106