The US stock market rebounded while awaiting US inflation data and the first face-to-face debate between Harris and Trump. The three major stock indexes all rose about 1%, and the Dow rose nearly 500 points, helping the market recover some of its losses last Friday. S&P 500 and Russell small-cap stocks stopped falling four times in a row, and the VIX panic index plummeted by more than 10% to below 20. In terms of technology stocks, the chip indexes rose more than 2%, and Nvidia rose 3.5%.
Meanwhile, Apple launched new products at its major annual press conference, including the iPhone 16 series that supports Apple Intelligence, the new Apple Watch with a larger screen, and the AirPods 4, which claim to have the best sound quality, but the stock price experienced fluctuations and eventually closed up slightly. Oracle released financial reports that exceeded expectations. In particular, its cloud infrastructure revenue performance was strong. The news of cooperation with Amazon AWS drove the stock price to soar by more than 9% after the market.
On the bond market side, market bets on the Fed cutting interest rates drastically have retracted. The short-term and long-term US bond yield curves ended their inversion within two days, indicating that the market is re-evaluating interest rates. In the foreign exchange market, the US dollar strengthened, while the yen fell 1% after stopping four consecutive gains. On the upcoming Thursday, the market generally expects the ECB to cut interest rates by 25 basis points, causing the euro to fall to a three-week low. In this context, the offshore renminbi fell the deepest by 300 points and fell below 7.12 yuan.
In the commodity market, crude oil prices rebounded more than 1.5% after experiencing the worst weekly decline in nearly a year. Spot gold...

Support: RM1.080
Resistance: RM1.100
Based on our observations, we see Tanco Holdings Bhd (2429) is holding up strongly above its key support level of RM1.080, despite market weakness and selling pressure stemming from conversion of warrants. Currently, Tanco Holdings is challenging its key resistance of RM1.100 before trending to historical high with no visible resistance level.
Hence, we see any weakness in the share price of Tanco Holdings would re...

The last and most important nonfarm payroll report before the September FOMC directly determines whether the 'recession panic' will intensify, and whether the Federal Reserve will cut rates by 25 basis points or 50 basis points in two weeks. However, the results left both the optimistic and pessimistic sides somewhat unsatisfied. It's true that the data isn't great, but there wasn't a direct shock that would make a 50 basis point cu...

The August non-farm report is mixed, with the unemployment rate falling as expected, which contradicts the recession signal previously released by the "Sam rule". However, the job growth is far below expectations, and the previous value has been significantly revised downward, indicating that the labor market has not yet emerged from the quagmire, providing the Federal Reserve with greater room for significant interest rate cuts in September.
In the United States, the non-farm employment population grew by 0.142 million people in August, which was less than the expected 0.165 million people. The July data was revised downward from 0.114 million people to 0.089 million people.
The unemployment rate dropped from 4.3% in July to 4.2%, in line with expectations. This is the first decline in the unemployment rate since March of this year.
Hourly wages rose 3.8% year-on-year, slightly higher than the expected 3.7% and the previous value of 3.6%; hourly wages rose 0.4% month-on-month, with expectations and the previous value at 0.3% and 0.2% respectively.
The labor force participation rate remains at a level of 62.7%.

AmanahRaya REITs (ARREIT) has seen a successful sell pressure test on RM0.305, which is the key support level. We see a potential trend reversal (as represented by the chart below) as the MACD shows a divergence, which could lead to re-test RM0.320 (R1) and RM0.330 (R2) over the short term. Our short term target for ARREIT remains at RM0.330, which provides an approximate 10% upside from its current level.

at least my dad taught me how valuable money (and time) was in life, even if we only had just enough food for the week, and to at least try to grow what you can.
aswell, aways try something new and keep learning (how to get more money)