Weekly Market Wrap | 15 April 2023
#USInflation #SingaporeGrowth #30KBitcoin
Topic #1: US Inflation fell to its lowest level in 2 years
Changes in prices (YoY) (Source: Financial Times, US Bureau of Labor Statistics)
The US Bureau of Labor Statistics has released the consumer price index data for March which increased by 5% year-on-year, a significant deceleration compared to...
Weekly Market Wrap | 8 April 2023
#OPECSupplyCuts #TeslaDeliveries #BRICSCurrency
Topic #1: OPEC+ announces surprise cuts in oil supply
On April 2, Saudi Arabia and other members of OPEC+ announced surprise oil production cuts of around 1.16 million barrels per day, in a move that made oil prices, like Brent Oil shore up over 4% on open. The...
Weekly Market Wrap | 1 April 2023
#NASQAQ_BullRun #BABASplit #LULUResults
Topic #1: NASDAQ surged into a new bull market after 3 years
NASDAQ price chart
The Nasdaq 100 Index surged into a new bull market on Wednesday, reaching a level not seen in nearly three years. After erasing a third of its value in 2022, it saw gains of...
Weekly Market Wrap | 25 March 2023
#UBS-CS #25bpsHike #TikTokTestimony
Topic #1: UBS acquires Credit Suisse
Credit Suisse, one of the world's largest banks, has been taken over by its long-time rival UBS for $3.25 billion. The acquisition, which was announced on March 20th, marks the end of an era for Credit Suisse, which had been in business...
Weekly Market Wrap | 18 March 2023
#SVBCollapse #AramcoResults #USInflation
#Topic 1: Silicon Valley Bank Collapse
Silicon Valley Bank, which lends a majority of its money to tech companies, collapsed last week, marking the second largest bank failure in the history of the US.
Why did it happen?
Last Wednesday, Silicon Valley Bank announced that it had sold all of...
Weekly Market Wrap | 11 March 2023
#LIBOR #FebJobReport #ChinaGrowth
Topic #1: LIBOR crosses 5% for the first time since 2007
The 3-month LIBOR (London Interbank Offered Rate) cracked 5% for the first time in 15 years on Monday, on account of the rise in expectations of Fed policy tightening. The LIBOR is a globally accepted benchmark rate...
Weekly Market Wrap | 03 March 2023
Topic #1: Higher rates haven’t been bad for everyone
The US dollar has been on the rise in the past week. In fact, the US Dollar Index (DXY) tracks the performance of the US dollar against a basket of top foreign currencies and has risen by 4% from its low...
Weekly Market Wrap | 24 February 2023
Topic #1: Has faith in China’s recovery dwindled?
The Hang Seng Index is now down 10.06% since its high in January. Some believe the market decline is due to growing geopolitical concerns and doubts over the strength of China's economy. Investors are also seeking more evidence that the economy's recovery...
What Happens When Bond Yields Rise And How Does It Affect You?
How will interest rate changes impact Syfe Cash+?
Weekly Market Wrap | 17 February 2023
Topic #1: Sticky Inflation in the US & UK
Latest US inflation data out on Tuesday has disappointed investors, as prices continued to rise in January by 6.4% annually. This marked the seventh consecutive month of price increases, with only a slight cooling from December's 6.5% pace. The "core" measure...