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Asia Market Update 17th January 2019

MARKETS/MACRO An absence of US data (owing to the government shutdown) saw markets focus on earnings releases yesterday, with both Bank of America and Goldman Sachs reporting stronger-than-expected earnings and bolstering risk sentiment. The DJIA rallied +141.57...

Asia Market Update 16th January 2019

MARKETS/MACROBritish MPs have resoundingly voted down Theresa May’s proposed Brexit plan, in a vote that thenegative won 432 to 202. The result is the worst parliamentary defeat for a government in recent Britishhistory, with 118 of Prime Minister May’s own...

Asia Market Update 15th January 2019

MARKETS/MACROWith a lack of economic data for direction on Monday, focus turned to poor trade data out of China,fuelling fears of a further slowing of global growth. Stocks in the U.S. finished in the red as investorsawaited a slew of fourth quarter earnings reports...

Asia Market Update 14th January 2019

MARKETS/MACRO Consumer prices in the U.S. fell for the first time in nine months during December, largely driven by softer gasoline prices. The consumer price index eased -0.1% MoM during December (exp: -0.1%) from a flat read previously, however underlying inflation...

Asia Market Update 11th January 2019

MARKETS/MACROInitial jobless claims in the U.S. sunk a seasonally adjusted 17,000 to 216,000 (exp: 226,000) during theweek ended January 5, while the less volatile four-week moving average edged up by 2,500 to 221,750.Continuing claims meanwhile declined by 28,000 to...

Asia Market Update 10th January 2019

MARKETS/MACRO Four Fed speakers overnight reinforced the message that policy needs to be flexible and can be put on hold for the time being as the Fed assesses financial and economic developments. This, alongside the generally positive conclusion to US-China trade...

Asia Market Update 9th January 2019

  MARKETS/MACRO Optimism over U.S. – China trade talks bolstered U.S. stocks on Tuesday, with major bourse’s ending higher for a third consecutive session. The DJIA climbed +1.09% higher to 23,787.45 points, strength across real estate stocks (+1.76%) led each of...

Asia Market Update 8th January 2019

  MARKETS/MACRO It was a fairly positive day for risk overnight, with US equities extending the bumper gains from Friday following the positive US employment report. The Dow Jones Industrial Average advanced +98.19 points (+0.42%) to 23,531.35, the S&P500...

Asia Market Update 7th January 2019

  MARKETS/MACRO   Jobs data out of the U.S. outpaced expectations on Friday, with Nonfarm payrolls jumping by 312k during December (exp: 184k), while October and November saw upwards revisions of a combined 58k. The unemployment rate increased to 3.9% (exp:...