Weekly Market Wrap | 13 May 2023
#USInflation #BNBResults #AusSurplus
Topic #1: US Inflation slips to the lowest level since 2021
US monthly inflation levels
What happened?
Inflation in the United States has slowed to its lowest rate in two years, according to the Consumer Price Index (CPI). The CPI index, which measures the cost of a basket of goods...
Grab and Sea Q1 Earnings Preview
In this article we examine the key things that investors should look out for from Grab and Sea, as part of their upcoming Q1 earnings results.
With a combined market capitalisation of over US$60 billion - Sea and Grab are arguably two of South East Asia’s most important and most...
Big Tech Earnings Review + Outlook
After facing heavy selling pressure in 2022, big tech surprised analysts during the most recent April/May US earnings season - with Apple, Microsoft, Amazon, Meta, and Alphabet - all beating analyst expectations.
Here is an overview of those earnings results and a look at where analysts think big tech heads...
Weekly Market Wrap | 6 May 2023
#RateHike #AppleResults #FirstRepublicBank
Topic #1: Fed increases rates by another 25 bps
Fed interest rate decision chart with actual and forecasted values
What happened?
The US Federal Reserve has raised interest rates by 0.25 percentage points, marking its 10th consecutive increase since March 2022. However, it also indicated that it may pause further...
Weekly Market Wrap | 29 April 2023
#TechEarnings #USGDP #PropertyTaxes
Topic #1: Tech Earnings beat expectations
Meta, Alphabet and Amazon price chart (Source: Google Finance)
On Thursday, strong quarterly results from tech giants Facebook parent Meta Platforms Inc, Alphabet Inc, and e-commerce giant Amazon.com Inc led a rally on Wall Street. The S&P 500 Communication Services Index saw its...
Weekly Market Wrap | 22 April 2023
#BankResults #ChinaGrowth #SamsungBing
Topic #1: Major banks release their Q1 results
Major US Banks return comparison in their earnings week (Source: Google Finance)
What happened?
Major US banks continue to report their earnings for the first quarter of 2023, with Bank of America and Bank of New York Mellon both reporting better-than-expected earnings...
Weekly Market Wrap | 15 April 2023
#USInflation #SingaporeGrowth #30KBitcoin
Topic #1: US Inflation fell to its lowest level in 2 years
Changes in prices (YoY) (Source: Financial Times, US Bureau of Labor Statistics)
The US Bureau of Labor Statistics has released the consumer price index data for March which increased by 5% year-on-year, a significant deceleration compared to...
Weekly Market Wrap | 8 April 2023
#OPECSupplyCuts #TeslaDeliveries #BRICSCurrency
Topic #1: OPEC+ announces surprise cuts in oil supply
On April 2, Saudi Arabia and other members of OPEC+ announced surprise oil production cuts of around 1.16 million barrels per day, in a move that made oil prices, like Brent Oil shore up over 4% on open. The...
Weekly Market Wrap | 1 April 2023
#NASQAQ_BullRun #BABASplit #LULUResults
Topic #1: NASDAQ surged into a new bull market after 3 years
NASDAQ price chart
The Nasdaq 100 Index surged into a new bull market on Wednesday, reaching a level not seen in nearly three years. After erasing a third of its value in 2022, it saw gains of...
Weekly Market Wrap | 25 March 2023
#UBS-CS #25bpsHike #TikTokTestimony
Topic #1: UBS acquires Credit Suisse
Credit Suisse, one of the world's largest banks, has been taken over by its long-time rival UBS for $3.25 billion. The acquisition, which was announced on March 20th, marks the end of an era for Credit Suisse, which had been in business...