6 September : Markets Shake as Dollar Strength and Oil Surge Defy Expectation
In an unusual overnight session, markets experienced mixed performance. The stronger US dollar and rising oil prices raised concerns, while sector anomalies emerged. Local GDP growth, driven by reduced power outages, contrasted with disappointing earnings reports from companies like TFG.
4 September : Markets Juggle Growth and Inflation as Media Sector Weakens
Global markets are balancing growth and inflation concerns. Mixed US employment data led to sector-specific movements, with energy and materials gaining, while the media sector weakened due to contract disputes.
7 August : US Labour Data Mixed, Amazon Soars, Apple Falters, Warner Bros Expands Streaming
Last week’s US labour data showed a mixed bag of results, with weaker non-farm payrolls and a lower unemployment rate. Amazon had a great result, but Apple’s iPhone demand was soft. Warner Brothers Discovery is expanding its streaming offerings to grow its customer base and push pricing.
2 August : Market Catches Its Breath: S&P’s Soaring Valuations, US Credit Downgrade, and Surprise Moves by Aspen and AngloGold Shake Investors
Market takes a breath after strong gains. S&P near 20x fwd, priced in soft landing. US credit downgraded on fiscal deficit. Industrial stocks up, Tesla down. Aspen surprises with acquisition and AngloGold misses estimates.
21 July : Tech Sell-Off After Weak Tesla and Netflix Results; Dow Jones Gains, S&P and Nasdaq Slide; Currency Fluctuations Affect Dollar
Yesterday’s market witnessed weak results from Tesla and Netflix, leading to tech and consumer discretionary sectors sell-off. TSMC’s results triggered a decline in the semiconductor sector. Dow Jones saw modest gains, S&P and Nasdaq ended in the negative.
