Dow Jones Falls on Apple, Microsoft and Alphabet Earnings, Nikkei 225 May Follow
DOW JONES, NIKKEI 225, ASX 200 INDEX OUTLOOK:
Alphabet climbed whereas Apple and Microsoft fell after earnings release
Asia-Pacific markets are positioned for a cautious start after China market turmoil
US Earnings, China Stocks Turmoil, FOMC Meeting Asia-Pacific at Open:
Wall Street stocks retreated from record highs on Tuesday as traders awaited the FOMC meeting and Powell’s press conference. Chinese stock market turmoil and lingering pandemic concerns are weighing on sentiment across Asia-Pacific markets. The technology sector retreated the most, as investors digested decent Q2 earnings results and relatively tepid forward guidance.
Twitter and Intel Earnings Lift Nasdaq 100. APAC Stocks to Open Mixed
NASDAQ 100, HANG SENG, ASX 200 INDEX OUTLOOK:
Both Twitter and Intel beat EPS estimates, but Intel’s forward guidance disappointed investors
Asia-Pacific markets are positioned to open mixed. Japanese markets are shut for a holiday
Twitter, Intel, Jobless Claims, Asia-Pacific at Open:
Wall Street equities edged toward all-time highs on Thursday as investors digested strong corporate earnings amid revitalized reflation hopes. Asia-Pacific markets however, may continue to trail behind US peers due to the spread of the Delta variant of Covid-19 in the region.
The US earnings season has fared well so far, with around 86% of S&P 500 companies beating analysts’ EPS forecasts. 22 out of 25 companies reported earnings on Thursday have delivered positive surprises, including Twitter and Intel. Here is a quick update:
Dow Jones Rebound May Lead Hang Seng Higher, Netflix Earnings Miss
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DOW JONES, HANG SENG INDEX, ASX 200 INDEX OUTLOOK:
Cyclical sectors outperformed defensive ones as viral concerns eased
Hong Kong’s Hang Seng Index may rebound after falling 0.84% on Tuesday
Dow Rebound, Netflix Earnings, Hang Seng Index, Asia-Pacific at Open:
Wall Street stocks rebounded sharply on Tuesday, erasing most of Monday’s losses as investors shrugged off viral concerns and refocused on the reflation trades. Cyclical-oriented industrials, financials and consumer discretionary were among the best performing sectors. The tech-heavy Nasdaq 100 gained 1.23%.
Dow Jones Retreats after US Inflation Data, Hang Seng May Pull Back
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of clients are net short. Long
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of clients are net short. Long
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DOW JONES, HANG SENG INDEX, ASX 200 INDEX OUTLOOK:
The tech sector outperformed cyclical ones as strong inflation readings reignite tapering fears
Hong Kong’s Hang Seng Index may retreat after surging 1.63% on Tuesday
Dow Pullback, US Core CPI, Earnings Season, Tencent, Asia-Pacific at Open:
The Dow Jones Industrial Average pulled back from record levels on Tuesday as US core CPI reading surpassed market expectations. June’s figure came in at 4.5% YoY, compared to a 4.0% forecast. This also marks the highest core inflation reading since 1992, underscoring mounting price pressures that may prompt Fed officials to consider tightening sooner.
Dow Jones Retreats as Sentiment Sours, Will Hang Seng Index Follow?
DOW JONES, HANG SENG, ASX 200 INDEX OUTLOOK:
US government bonds yields continued to fall, suggesting that reflation optimism may be faltering
Asia-Pacific markets are positioned to follow a negative lead, with most futures trading in the red
Yields, Delta Variant, Jobless Claims, Asia-Pacific at Open:
Wall Street equities pulled back from their record highs as the emerging Delta variant of the Covid-19 virus casted a shadow over the outlook of global recovery. All Dow Jones sectors ended lower, with financial, materials and consumer discretionary sectors leading the decline. 10-year Treasury yields fell to 1.294% - the lowest level seen since February. This suggests that market’s view on reflation and long-term inflation may be weakening. Rising demand for safety may have also attributed to the rise in Treasury note prices, sending yields lower.