Global markets DJ (+0.04%) finally took a breather from 10thconsecutive losing streak. S&P500 (-0.09%) and Nasdaq (-0.12%) lost steam. Fed indicated only 2 more cuts in year 2025, due to stubbornly high inflation. FOMC forecasted inflation to be around 2.5% next year. Bond futures priced in 1.5 cut next year only. VIX retreated from its high of 28% to settle around 24%. Market still worried about the downside risk. US treasury 10-years still hovered around...
Global markets DJ (+0.04%) finally took a breather from 10thconsecutive losing streak. S&P500 (-0.09%) and Nasdaq (-0.12%) lost steam. Fed indicated only 2 more cuts in year 2025, due to stubbornly high inflation. FOMC forecasted inflation to be around 2.5% next year. Bond futures priced in 1.5 cut next year only. VIX retreated from its high of 28% to settle around 24%. Market still worried about the downside risk. US treasury 10-years still hovered around...
Global markets Powell cut rates, but hawkish cut! It sent US equities to a sea of red, DJ (-2.58%), S&P (-2.95%) and Nasdaq (-3.62%). Market already fully priced in 25 bps cut but the hawkish tone deteriorated risk sentiment. Chair Powell said “today was a closer call” whether Fed decided to cut or not. Interest rates may not go down as fast as investor expected. “From here, it's a new phase, and we're going to be cautious about further cuts.” VIX (1-month...
Global markets All three US indices were in small red whereby DJ (-0.61%) declined 9thday consecutively. Nasdaq (-0.33%) retreated gain from multiple record breaking of historical high. Retail sales of +0.7%, higher than consensus of 0.6%, highlighting that US economy is growing at a healthy pace. Fed is widely expected to cut interest rates by 25 bps tomorrow. The focus will be on the pace of easing in year 2025. Market fully price in 1 cut of 0.25% this ...
TRADE WITH US: TYNKR LAB™ Bursa Malaysia traded lower at midday, weighed down by selling pressure in key heavyweight sectors, mirroring a broadly negative regional performance.$FTSE Bursa Malaysia KLCI Index (.KLSE.MY)$dipped into negative territory, reflecting subdued investor sentiment amid concerns over global economic uncertainties and cautious trading ahead of key data releases. FBM KLCI Performance At midday,$FTSE Bursa Malaysia KLCI Index (.KLSE.MY)$declined ...
Global markets Tech-heavy Nasdaq (+1.2%) notched another all-time high while DJ slid for 8 consecutive trading days. Broadcom (+11%) reported a significant increase in revenue, highlighting prominent outlook for AI. Even though bond futures fully price in 0.25% rate cut this FOMC meeting, investors expect the rate cut cycle to be slower than expected. Hence, US Treasury 10 years rebounded firmly from 4.14% on 6 December to settle at 4.40% yesterday, weighi...
Global markets Tech-heavy Nasdaq (+1.2%) notched another all-time high while DJ slid for 8 consecutive trading days. Broadcom (+11%) reported a significant increase in revenue, highlighting prominent outlook for AI. Even though bond futures fully price in 0.25% rate cut this FOMC meeting, investors expect the rate cut cycle to be slower than expected. Hence, US Treasury 10 years rebounded firmly from 4.14% on 6 December to settle at 4.40% yesterday, weighi...
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