Market sentiment remains divided amid a light calendar, mixed clues. S&P 500 Futures extend pullback from three-month high, yields snap three-day uptrend at 12-day peak. Softer PPI, CPI fail to reject Fed hawks, China headlines, recession also test optimism. After an upbeat mid-week, global markets remain sluggish as they await the final dossier of the… Read More »
The softer-than-expected US CPI print for July has kickstarted the stalled rally on Wall Street, intensifying the bullish bets that the six-month downtrend is over. The S&P 500 has been plotting an upward course over the past seven weeks, but the rebound hit a wall at its 100-period moving average (both in the daily and… Read More »
Market sentiment remains cautiously optimistic amid fears surrounding Fed’s aggression, China. Fedspeak appears mixed despite softer US CPI for July. Biden’s rethink on China tariff, covid case increase in Mainland China weigh on sentiment. S&P 500 Futures print mild gains, US 10-year Treasury yields remain sluggish. Risk appetite remains unclear during early Thursday, after the… Read More »
Market sentiment dwindles amid fears of Fed’s aggression, Sino-America tussles. S&P 500 Futures extend Friday’s pullback from two-month high, mildly offered of late. US 10-year Treasury yields fade recovery amid the market’s indecision. US employment data renewed hawkish Fed bets the previous day. Risk profile deteriorates during Monday’s Asian session, extending Friday’s sour sentiment, as… Read More »
