Key Stocks on Radar: DE, V and more

US markets closed higher last week, with $E-mini S&P 500 Futures(MAR5) (ESmain.US)$ and $E-mini NASDAQ 100 Futures(MAR5) (NQmain.US)$ drifting higher by 1.08% and 0.69% respectively. This is due to strength observed by the semiconductor industry. Traders are optimistic due to the falling yield in bond markets and reports of US restrictions on semiconductor equipment and AI memory chip sales would be less stringent. Markets are currently pricing in a 66% probability of a 25-basis-point rate cut by the Fed in December. Traders should look towards multiple economic data out this week, with S&P Global US Manufacturing PMI, ISM Manufacturing PMI and prices and JOLTS job opening out on Monday and Tuesday.

Asian markets close mixed last week, with $HSI Futures(JAN5) (HSImain.HK)$ climbing up the most by 1.36%. This comes after risk-on sentiment among traders after reports of the lighter-than-expected restrictions on Chinese semiconductor industry. $EDVANTAGE GROUP (00382.HK)$ drifted up the most by 9.67%. Traders are currently looking towards more stimulus package by PBoC and should look out for Caixin services PMI out tomorrow. $Nikkei 225 (.N225.JP)$ edged lower by 0.44%, due to strengthening of JPY. This comes after speculations of a possible rate hike by BoJ. Traders can look to observe BoJ Nakumura Speech and household spending data this week. $FTSE Singapore Straits Time Index (.STI.SG)$ dipped marginally lower by 0.18% last week, due to underperforming import price index and manufactured products price index. Among the stocks, $YZJ Shipbldg SGD (BS6.SG)$ dropped the most by 10.07%.

For full disclaimers, please visit https://www.moomoo.com/sg/support/topic5_935.