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...
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...
Weekly Market Wrap | 20 May 2023
#ChinaProduction #Newmont_Newcrest #SIA_Results
Topic #1: China’s economic data misses expectation
China Industrial Production (Source: TRADINGECONOMICS.COM)
What happened?
China's economic data for April fell short of expectations, highlighting the country's uneven path to recovery from the impact of stringent Covid-19 restrictions. Industrial production in April grew by 5.6% year-on-year, lower than the 10.9% predicted...
Weekly Market Wrap | 13 May 2023
#USInflation #BNBResults #AusSurplus
Topic #1: US Inflation slips to the lowest level since 2021
US monthly inflation levels
What happened?
Inflation in the United States has slowed to its lowest rate in two years, according to the Consumer Price Index (CPI). The CPI index, which measures the cost of a basket of goods...
Grab and Sea Q1 Earnings Preview
In this article we examine the key things that investors should look out for from Grab and Sea, as part of their upcoming Q1 earnings results.
With a combined market capitalisation of over US$60 billion - Sea and Grab are arguably two of South East Asia’s most important and most...
Big Tech Earnings Review + Outlook
After facing heavy selling pressure in 2022, big tech surprised analysts during the most recent April/May US earnings season - with Apple, Microsoft, Amazon, Meta, and Alphabet - all beating analyst expectations.
Here is an overview of those earnings results and a look at where analysts think big tech heads...
Weekly Market Wrap | 6 May 2023
#RateHike #AppleResults #FirstRepublicBank
Topic #1: Fed increases rates by another 25 bps
Fed interest rate decision chart with actual and forecasted values
What happened?
The US Federal Reserve has raised interest rates by 0.25 percentage points, marking its 10th consecutive increase since March 2022. However, it also indicated that it may pause further...
Weekly Market Wrap | 29 April 2023
#TechEarnings #USGDP #PropertyTaxes
Topic #1: Tech Earnings beat expectations
Meta, Alphabet and Amazon price chart (Source: Google Finance)
On Thursday, strong quarterly results from tech giants Facebook parent Meta Platforms Inc, Alphabet Inc, and e-commerce giant Amazon.com Inc led a rally on Wall Street. The S&P 500 Communication Services Index saw its...
Weekly Market Wrap | 22 April 2023
#BankResults #ChinaGrowth #SamsungBing
Topic #1: Major banks release their Q1 results
Major US Banks return comparison in their earnings week (Source: Google Finance)
What happened?
Major US banks continue to report their earnings for the first quarter of 2023, with Bank of America and Bank of New York Mellon both reporting better-than-expected earnings...