Weekly Market Wrap | 8 July 2023
#USJobMarket #Meta_Twitter #ChinaExports
US Job Market reports for June give mixed signals
US Private Employment (Source: ADP)
What happened?
Private employers in the United States added a significant number of jobs in June, surpassing expectations and indicating a robust job market. According to the private payroll supplier ADP, 497,000 new jobs were created...
Weekly Market Wrap | 1 July 2023
#US_GDP #Yen/USD #NikeResults
US GDP revised upwards, job market shows strength
US GDP growth rates (Source: TRADINGECONOMICS.COM)
What happened?
In a recent development, the US first quarter GDP growth has experienced a significant upward revision, surging to 2%. Adding to the economic landscape, a separate report released recently revealed a decrease in initial...
Weekly Market Wrap | 24 June 2023
#PowellTestimony #UKInflationShock #AlibabaCEO
Powell testifies before the House Financial Services Committee
Unemployment Rate in The USA (Source: TRADINGECONOMICS.COM)
What Happened?
Federal Reserve Chair Jerome Powell testified before the House Financial Services Committee, providing his semiannual report to Congress. Following the central bank's recent pause in its aggressive rate-hiking campaign, Powell emphasized that the...
Weekly Market Wrap | 17 June 2023
#NoRateHike #AdobeResults #TeslaGains
Topic #1: Fed keeps the interest rates at the same level
Fed Fund Rate (Source: TRADINGECONOMICS.COM)
What Happened?
After 10 successive rate hikes, The US Federal Reserve delivered a widely expected decision by pausing its series of aggressive interest rate hikes. However, the central bank surprised many with its hawkish...
Where next for Apple as Tim Cook Unveils ‘New Era for Computing’?
It was the brilliant and obsessive Steve Jobs - a tech visionary almost without peer - that built Apple into the technology giant it is today.
Innovation was at the heart of Jobs’ Apple. Across his career he would spin out hit after hit, from the Macintosh home computer, the...
Weekly Market Wrap | 10 June 2023
#SEC_Crypto #OilSupplyCut #AusRateHike
Topic #1: SEC sues Binance and Coinbase
Coinbase price chart (Source: Google Finance)
The US Securities and Exchange Commission (SEC) has launched lawsuits against two major cryptocurrency exchanges, Binance and Coinbase, alleging various forms of misconduct. Bitcoin, the leading cryptocurrency, experienced a 6% drop in value upon the announcement,...
Weekly Market Wrap | 3 June 2023
#EuropeInflation #DebtCeiling #AlibabaChatBot
Topic #1: Inflation in Europe drops to lowest level since February 2022
Inflation rates in Europe (Source: TRADINGECONOMICS.COM)
What happened?
Inflation in Europe has reached its slowest pace since the Russian invasion of Ukraine. According to the initial estimate from the European Union's statistics agency, consumer prices in the eurozone...
US Debt Ceiling, Interest Rates and The Road Ahead
Debt Ceiling Deal - US avoids first ever government debt default
US President Joe Biden and Republican House Speaker Kevin Mccarthy reached a last minute agreement on Sunday, 28th May to raise the US debt ceiling. The deal suspends the $31.4 trillion debt ceiling until Jan. 1, 2025, allowing the...
Weekly Market Wrap | 27 May 2023
#AIEffect #SingaporeGrowth #USJoblessClaims
Topic #1: The AI Effect on S&P500
S&P500 with and without AI Stocks (Till March 17) (Source: Societe Generale)
While the S&P 500 appears to owe its gains this year to the success of Apple and other tech giants, a closer look reveals that without the emergence of artificial...
Nvidia Shares Spike 24% as Company Eyes Trillion AI Opportunity
Was Nvidia’s Q1 results an inflection point for the company?
To be sure it was a blowout quarter, with the chipmaker reporting beats on the top and bottom lines, as well as guiding for Q2 revenue significantly ahead of prior expectations.
Nvidia Share Price Surges
Investors responded incredibly bullishly to the release...
