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Columns The dollar and Asian stocks declined after Biden announced his withdrawal from the election (1)
The US dollar and Asian stock markets declined. Biden previously announced his withdrawal from the 2024 US presidential election and supported He Jinli to take over the fight.
Bloomberg US Dollar Spot Index $USD(USDindex.FX$The Mexican peso climbed as it fell 0.2% on Monday.
In the face of continuous pressure from within the Democratic Party, Biden had to give up his re-election campaign and withdraw from the November general election. The Japanese and South Korean stock markets opened lower, and the Australian stock market also weakened. Hong Kong stock index futures remained stable.
$Korea Composite Index(.KOSPI.KR$
$Nikkei 225(.N225.JP$
$S&P/ASX 200(.XJO.AU$
$Hang Seng Index(800000.HK$
The question facing investors is whether it is still necessary to stick to the Trump deal since Biden has given up his re-election campaign.
The market is likely to fluctuate greatly. Traders are waiting to see if He Jinli can be nominated by the party, and at the same time weigh whether she can gather enough momentum to challenge Trump's current leading position in the polls.
“People's subconscious reaction is that this is bad for the dollar, but it's still too early to draw conclusions,” said Olga Yangor, head of emerging market research and strategy at Crédit Agricole.
“This will largely depend on He Jinli's initial appearance, her choice of running partner, and swing state polls.”
On the commodities side, crude oil and gold prices rose in early trading.
Biden withdrew from the market...
Bloomberg US Dollar Spot Index $USD(USDindex.FX$The Mexican peso climbed as it fell 0.2% on Monday.
In the face of continuous pressure from within the Democratic Party, Biden had to give up his re-election campaign and withdraw from the November general election. The Japanese and South Korean stock markets opened lower, and the Australian stock market also weakened. Hong Kong stock index futures remained stable.
$Korea Composite Index(.KOSPI.KR$
$Nikkei 225(.N225.JP$
$S&P/ASX 200(.XJO.AU$
$Hang Seng Index(800000.HK$
The question facing investors is whether it is still necessary to stick to the Trump deal since Biden has given up his re-election campaign.
The market is likely to fluctuate greatly. Traders are waiting to see if He Jinli can be nominated by the party, and at the same time weigh whether she can gather enough momentum to challenge Trump's current leading position in the polls.
“People's subconscious reaction is that this is bad for the dollar, but it's still too early to draw conclusions,” said Olga Yangor, head of emerging market research and strategy at Crédit Agricole.
“This will largely depend on He Jinli's initial appearance, her choice of running partner, and swing state polls.”
On the commodities side, crude oil and gold prices rose in early trading.
Biden withdrew from the market...
Translated
![The dollar and Asian stocks declined after Biden announced his withdrawal from the election (1)](https://sgsnsimg.moomoo.com/sns_client_feed/103267505/20240722/1721619695527-b1c11370f2.jpeg/thumb?area=104&is_public=true)
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U.S. stocks pulled back Friday, as the largest IT crash in history sent tech even lower for the week following a semiconductor sector pullback.
The $Nasdaq Composite Index(.IXIC.US$ declined 0.81, with the $S&P 500 Index(.SPX.US$ down 0.71%, and the $Dow Jones Industrial Average(.DJI.US$ 0.93%. All sectors except healthcare were down intraday.
MACRO
Friday, investors are watching for Federal Reserve commentary. Thurs...
The $Nasdaq Composite Index(.IXIC.US$ declined 0.81, with the $S&P 500 Index(.SPX.US$ down 0.71%, and the $Dow Jones Industrial Average(.DJI.US$ 0.93%. All sectors except healthcare were down intraday.
MACRO
Friday, investors are watching for Federal Reserve commentary. Thurs...
!['Blue Screen of Death' Adds to Tech Pain on Summer Friday | Wall Street Today](https://ussnsimg.moomoo.com/sns_client_feed/77777011/20240717/1721161187004-3fe5f058dd.png/thumb?area=999&is_public=true)
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Morning traders, happy Thursday, July 18th we celebrated the grand opening of the moomoo JC office today! My name is Kevin Travers, and here are stories from the moomoo herd on Wall Street today.
$Taiwan Semiconductor(TSM.US$ raised its sales outlook after better-than-expected quarterly profit, as demand for its advanced chips continued to surge amid enthusiasm over artificial intelligence. The world's largest contract chip maker sa...
$Taiwan Semiconductor(TSM.US$ raised its sales outlook after better-than-expected quarterly profit, as demand for its advanced chips continued to surge amid enthusiasm over artificial intelligence. The world's largest contract chip maker sa...
![TSM, Nvidia, Tesla Climb Thursday Morning | Herd on Wall Street](https://1500015405.vod2.myqcloud.com/57f4fa2avodtransusw1500015405/9260d9491253642700811422400/coverBySnapshot/coverBySnapshot_10_0.jpg)
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$American Express(AXP.US$ , one of Berkshire Hathaway's largest holdings, will release its Q2 financial report before the bell on Friday. The upcoming earnings are expected to be bolstered by robust gains in loans and card fees, stringent cost management, and solid credit outcomes. The company still likely benefits from a premium customer demographic that typically in...
![American Express Earnings Preview: Low Double-Digit Profit Growth Will Be Welcomed as the Market Shifts Toward the Finance Sector](https://ussnsimg.moomoo.com/sns_client_feed/77777015/20240718/c87414b48bcd4160b7516af81de8b489.png?area=100&is_public=true)
![American Express Earnings Preview: Low Double-Digit Profit Growth Will Be Welcomed as the Market Shifts Toward the Finance Sector](https://ussnsimg.moomoo.com/sns_client_feed/77777015/20240718/523955895e9845188b2f8d56be8112fd.jpg?area=100&is_public=true/thumb)
![American Express Earnings Preview: Low Double-Digit Profit Growth Will Be Welcomed as the Market Shifts Toward the Finance Sector](https://ussnsimg.moomoo.com/sns_client_feed/77777015/20240718/ba170ef4a561441ead98161d16cc6303.png?area=100&is_public=true/thumb)
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Investing is laying out money now to get more money back in the future. Have faith ![]()
![Picture](https://sgsnsimg.moomoo.com/sns_client_feed/103848636/20240718/1721278167066-random5373-103848636-android-org.png/thumb?area=104&is_public=true)
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On Wednesday, US stocks showed significant divergence. The Nasdaq Composite Index plummeted 2.8%, the biggest one-day decline in a year and a half, while the Dow Jones Industrial Average hit a new high, indicating that capital is shifting from tech stocks to more traditional industries. Furthermore, the Russell Small Cap Index fell by more than 1%, ending six days of continuous gains. This was the first time since 2001 that the NASDAQ had plummeted while the Dow was still able to close higher, reflecting the continued rotation of market capital.
In terms of the company's performance, although $ASML Holding(ASML.US$ The announced second-quarter results exceeded market expectations, but due to a mismatch between high expectations for AI technology and the speed of implementation of actual applications, its stock price plummeted by nearly 13%, triggering a collapse at one point. This reflects investors' concerns about the current boom in AI technology, particularly $NVIDIA(NVDA.US$ GB200 motherboards may delay mass production due to overheating and high voltage issues.
$iShares Semiconductor ETF(SOXX.US$ Performance was generally poor, with the Philadelphia Semiconductor Index plummeting nearly 7%. The hottest ETF tracking the index also recorded its biggest one-day decline since the pandemic. Nvidia, Applied Materials, $Advanced Micro Devices(AMD.US$ and $Lam Research(LRCX.US$ They all fell sharply by more than 10%, while those lagged behind $Intel(INTC.US$ and...
In terms of the company's performance, although $ASML Holding(ASML.US$ The announced second-quarter results exceeded market expectations, but due to a mismatch between high expectations for AI technology and the speed of implementation of actual applications, its stock price plummeted by nearly 13%, triggering a collapse at one point. This reflects investors' concerns about the current boom in AI technology, particularly $NVIDIA(NVDA.US$ GB200 motherboards may delay mass production due to overheating and high voltage issues.
$iShares Semiconductor ETF(SOXX.US$ Performance was generally poor, with the Philadelphia Semiconductor Index plummeting nearly 7%. The hottest ETF tracking the index also recorded its biggest one-day decline since the pandemic. Nvidia, Applied Materials, $Advanced Micro Devices(AMD.US$ and $Lam Research(LRCX.US$ They all fell sharply by more than 10%, while those lagged behind $Intel(INTC.US$ and...
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Donald Trump narrowly escaped an assassination attempt during his campaign and been viral online.
As everyone knows Trump was US president during 2017–2021 and quite a lot of things happens back then.
1. Trump's trade war initially led to increased costs for businesses and consumers and disrupted global supply chains.
2. Malaysia is highly dependent on trade, with exports and imports accounting for 120% of its GDP. This ...
As everyone knows Trump was US president during 2017–2021 and quite a lot of things happens back then.
1. Trump's trade war initially led to increased costs for businesses and consumers and disrupted global supply chains.
2. Malaysia is highly dependent on trade, with exports and imports accounting for 120% of its GDP. This ...
![What will happens to Malaysia if Trump win the 47th U.S. President election?](https://sgsnsimg.moomoo.com/sns_client_feed/103960476/20240718/1721272915424-250482319d.png/thumb?area=104&is_public=true)
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A student sent me this just now!!
so happy for her achievements!
so happy for her achievements!
![Show your results!](https://sgsnsimg.moomoo.com/sns_client_feed/101748296/20240717/4f3576dbcd962bc0bcd0f53c4f5c8931.jpg/thumb?area=104&is_public=true)
![Show your results!](https://sgsnsimg.moomoo.com/sns_client_feed/101748296/20240717/631c91613bb5bd7e2d56dac61ca316e1.jpg/thumb?area=104&is_public=true)
![Show your results!](https://sgsnsimg.moomoo.com/sns_client_feed/101748296/20240717/c50e6d03e64d92e5f0e48729fe4d1418.jpg/thumb?area=104&is_public=true)
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