IG Yeap Jun Rong
Asia Day Ahead: US holiday to leave quieter start to the week, China back in focus
Market Recap Above-expectations producer price index (PPI) readings out of the US last Friday contributed to some inflation jitters following the earlier consumer price index (CPI) scare, leading Wall Street to end the week in the red for the first time i...
7 months ago
Asia Day Ahead: Hot US inflation print drives near-term shunning, Indonesia election in focus
Market Recap A hotter-than-expected print in US January consumer price index (CPI) data kept Wall Street on the backfoot overnight, as market participants recalibrated their rate expectations to price for a later timeline for Federal Reserve (Fed)’s rate...
7 months ago
Asia Day Ahead: Fed’s dovish bets pared, AUD/USD attempts to stabilise
Asia Open The Asian session was slightly mixed to start the day, with Nikkei +0.65%, ASX +0.17% and KOSPI -0.05% at the time of writing. This comes as the surprise expansion in US March manufacturing activities overnight triggered mostly a downside reacti...
6 months ago
Asia Day Ahead: China’s PMI surprise on upside, USD/JPY on watch
Asia Open The Asian session kickstarted the new week on a more positive note, with Nikkei +0.10% and KOSPI +0.51% at the time of writing, as US equity futures found room for some relief following a tamed inflation read from the US core Personal Consumptio...
6 months ago
S&P 500 Momentum Report
Strong set of US manufacturing data challenged dovish rate expectations A surprise expansion in US March manufacturing activities triggered mostly a downside reaction across Wall Street to kickstart the new quarter, as market participants pared their dovi...
6 months ago
Wall Street Wrap: “Good news is bad news” kept US indices on the backfoot
Market Recap The “good news is bad news” mantra continued to play out in Wall Street overnight, as stronger-than-expected US job openings and factory goods orders joined the recent run in robust economic data to challenge the upcoming pace of Federal Rese...
6 months ago
Asia Day Ahead: Risk sentiments look to recover, while rally in oil prices cools
Asia Open The Asian session looks set for a positive start to the new week, with Nikkei +1.33%, ASX +0.26% and KOSPI +0.14% at the time of writing. This comes as Wall Street took the robust US March job report in stride to end last week, choosing to focus...
6 months ago
S&P 500 Momentum Report
Countdown to US CPI release this week to drive Fed’s rate expectations The new trading week is met with some wait-and-see in Wall Street, as reservations kicked in ahead of the upcoming US consumer price index (CPI) release, which will play a crucial role...
6 months ago
Asia Day Ahead: MAS kept policy settings unchanged, USD/SGD on ascending wedge pattern
Asia Open The Asian session was met with a mixed open, with Nikkei +0.22%, ASX -0.32% and KOSPI -0.23% at the time of writing. Another round of upside in US Treasury yields and a firmer US dollar continue to keep risk sentiments across the region in check...
6 months ago
Asia Day Ahead: Hang Seng Index fumbled at trendline resistance
Asia Open Markets across the region were locked in a risk-off mode to start the new week, with Nikkei -1.51%, ASX -0.50% and KOSPI -1.10% at the time of writing. At a time when market participants were still trying to wrap their heads around how far Feder...
6 months ago
Meta Platforms’ 1Q earnings preview: Growth momentum to stay intact
When does Meta Platforms report earnings? Meta Platforms (formerly Facebook) is set to release its quarter one (Q1) 2024 financial results on 24 April 2024 after the US market closes. Meta Platforms’ 1Q 2024 results – what to expect Source: Refinit...
6 months ago
S&P 500 Momentum Report
Risk-off continues, with eyes on upcoming earnings to save the day With chatters that a market correction may be due following a strong rally since the start of the year, Wall Street did just that, with major US indices extending their losses for the seco...
6 months ago
Asia Day Ahead: Nikkei 225, ASX 200 retesting near-term support
Asia Open The Asian session was off to a mixed start, with Nikkei -0.44%, ASX -0.13% and KOSPI +0.19% at the time of writing. Appetite for risk-taking remains weak, with Federal Reserve (Fed) Chair Jerome Powell validating a later timeline for rate cuts,...
5 months ago
Asia Day Ahead: Recovery attempt by AUD/USD capped by employment data
Asia Open The Asian session was set for a mixed open, with Nikkei -0.51%, ASX +0.34% and KOSPI +1.16% at the time of writing. There was not much going on in the economic calendar overnight, but market sentiments continue to reel in from ongoing geopolitic...
5 months ago