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Market Insights
Strong economic data boost China’s stock market
Last week, investors focused on US bank stocks performance and China’s commitment to open its economy.
Banking turmoil does not rule out further rate hikes
Last week, investors focused on Fed rates decision and turmoil in the banking industry.
US stocks struggle amidst banking turmoil
Last week, investors focused on the previous Friday’s failure of Silicon Valley Bank (SVB) and ECB deposit rate decision.
Fed worries erase 2023 market gains
Last week, investors focused on the sharp pull-back of US stocks and decline in Europe shares due to concerns over the possible impact of prolonged high interest rates.
Chinese stocks rose amid strong economic data
Last week, investors focused on the movement of U.S. Treasury yields and recovery of activity in China.
US stocks experience largest drop in 10 weeks
Last week, investors focused on the decline in U.S. stocks and high inflation in the United States.
US market ends on mixed signals
Last week, investors focused on the consumer price and inflation rate in the United States. Investors also concerned over escalating geopolitical tensions between China and U.S.
Prime Minister of Japan weighs market repercussions in selection of next BoJ governor
In Asia, investors are observing the Bank of Japan for potential changes in monetary policy as the end of Governor Kuroda's term approaches.
US stocks build on their year-to-date rally, extending their winning streaks into Feb
Last week, investors focused on the continued winning streaks of major indexes in the United States. Chinese equities fell as investors pocketed gains from a recent rally and turned cautious about the strength of the country’s recovery.
US Stocks Rise on “Soft Landing” Hopes
Last week, investors focused on the recovery of stocks in the United States. Business activity in the eurozone improved due to increased consumer confidence.
Core CPI in Tokyo area rose 4.0% year-on-year in December, fastest rate in 40 years
With global macro data came out last week, investors focused on slowing CPI growth in the U.S., U.K. GDP growth, and high inflation in China.
US ADP National Employment Report Showed an Increase of 235,000 jobs in December
Last week, the ADP December payroll report showed that jobs increased by 235,000 in December, well above economists’ expectations.
Governor of BoJ Reiterated that He Will Not Change Long-term Monetary Easing Policy.
With little new macro data out last week, investors focused on the impact on China as well as global markets as the Chinese government continues to relax its Covid policies.
Bank of Japan Stuns Markets with Yield Curve Control Policy Change
In Asia, the Bank of Japan surprisingly modified the yield curve control (YCC) policy, allowing 10-year Japanese government bond yields to move up and down 0.5% around the 0% target, doubling its prior implicit cap of 0.25%.
There Won’t Be a Fed Pivot. Don’t Expect a Santa Clause Rally.
We saw a choppy trading session last week as major economic events surprised and disappointed market participants.
Outlook 2023: Value Emergence in Low Duration Assets
We expect further deterioration in the Nasdaq if interest rates continue to surge and a possible recovery in the Hang Seng as China loosens its strict zero-Covid mandates.
Macro Data Points to a Resilient US Economy
Equity markets continued their recovery from October’s lows, with developed market equities gaining 7% and emerging market equities rallying by 15%.
Europe Announced New Plans to Tackle the Energy Crisis
After a bumpy start, stock markets ended October on a more positive footing.