10 July : Payrolls Unravel Market; Energy and Materials Thrive; Alibaba Soars, Levi Strauss Stumbles
Strong employment and inflation data scared the market on Friday with the prospect of higher rates for longer. Energy, Materials, and Industrials sector showed strength. Alibaba surged on the prospect of lower regulatory burden, while Levi Strauss and Telkom shares declined.
7 July : Market Thrives on AI Hype, Recession Fears Ease, Meta’s Stock Declines
Market soars on AI hype, diminishing recession concerns, and Meta’s stock tumbles. Despite the volatility, tech sector shines with notable gains for Microsoft.
4 July : Quiet US Session, Tesla Shines, AstraZeneca Disappoints
Low trading volumes led to a quiet session with minimal gains for US stocks. Tech and cyclical sectors dipped, while defensive sectors held up. Tesla shines with record sales, while AstraZeneca faced a decline. Watch China for emerging market rally.
3 July : Nasdaq Soars and Apple Hits $3 Trillion Market Cap as US Stock Indices Close the Week on a Positive Note
Inflation data came in slightly lower than expected, which is good news for the markets. The major US stock indices, including the Dow, S&P, and Nasdaq, ended the week on a positive note, with significant gains. The Nasdaq had an exceptional first half of the year, delivering a 32% return. The NYFANG Index also performed […]
27 June : Investors Set Their Sights on Undervalued Stocks for Promising Upside Potential
European stock markets started strong but ended the day at their lowest points, while a noticeable rotation away from high-performing stocks towards value stocks, such as Intel and Qualcomm, was observed. All eyes on Prosus / Naspers in the South African market post the restructuring announcement this morning.
