Stocks
Asian Markets Mixed as Investors Await US Data Ahead of Fed Meeting
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Asian markets showed a mixed performance on Thursday following a subdued day on Wall Street. Traders awaited a series of US data releases, which could influence Federal Reserve officials ahead of their upcoming policy meeting. The recent hot consumer price index reading did not dampen optimism for potential interest rate cuts this year, but analysts cautioned that sentiment could be tested by the producer prices index (PPI) data expected later in the day. While equities may remain range-bound until after the Fed meeting, investors are keenly watching for any clues on the future trajectory of interest rates, with expectations aligned with the Fed’s current forecasts for three reductions this year.
According to Stephen Innes at SPI Asset Management, the PPI data typically does not trigger significant market movements, but concerns about inflation could lead to minor turbulence if the figure exceeds expectations. Additionally, Thursday will see the release of retail sales, jobless claims, and consumer sentiment figures from Washington.
In New York, a pullback in tech giants, including Nvidia, Apple, and Tesla, weighed on the S&P 500 and Nasdaq, while the Dow ended slightly higher. Paris and Frankfurt had set new records earlier in the day. In Asia, Hong Kong rebounded after a dip, while Shanghai, Singapore, Seoul, Taipei, and Manila posted gains. However, Tokyo retreated amid speculation that the Bank of Japan may begin to move away from its ultra-loose monetary policy. Sydney, Wellington, and Jakarta also experienced declines.
Investors remained cautious amidst escalating China-US tensions. The House of Representatives approved a bill that could force TikTok’s Chinese owner to divest from the company, drawing warnings from China of potential consequences. Meanwhile, Bitcoin hovered just below $73,000 after reaching a record high of $73,664. Oil prices edged higher following a rally driven by falling US stockpiles and reports of Ukraine targeting Russian refineries.
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Stocks
Weekly U.S. Stock Market Reports Diverse Performance
![U.S. Stock](https://en.orthosongbad.com/wp-content/uploads/2024/03/7xm.xyz120015.jpg)
Reviewing the U.S. Stock Markets, the Nasdaq Composite, recorded a decent loss of 1,023 points, reaching a closing value of 16,690 points by the end of the week. Similarly, the S&P 500 index showed a positive trend, losing 240 points to settle at 5,408 points. Meanwhile, DJIA Index experienced a notable hike, adding 1,218 points during the week and concluding at 40,345 points after a week of gaining.
In contrast, Russell 3000 Index saw a loss in week performance, with a slight drop of 141 point to reach 3,077 points by the end of the week.
Moving to Russell 2000 Index, demonstrated a notable lost of 126 points, ending the week at 2,091 points.
Stocks
European Stock Weekly Review Highlights Mixed Trend
![stock European](https://en.orthosongbad.com/wp-content/uploads/2023/04/fsdfsdf.webp)
In the Outgoing week, the European stock market displayed a mixed performance.
Here is the data on the weekly performance of the European Stock Market, The STOXX Europe 600 index, which is considered a leading benchmark for the European market and covers approximately 90 percent of the market capitalization across 17 countries, reported a loss of 18.49 points to close at 506.56.
The United Kingdom’s FTSE 100, one of the most widely followed indices in Europe, also showed a significant drop, losing 195 points or finishing the session at 8,181.
In Germany, the DAX 30 index, added by 605 points to reach 18,301, while France’s CAC 40 decreased by 278 points to stop at 7,352 at the end of the trading day.
Italy’s FTSE MIB, which covers the top 40 stocks traded on the Milan Stock Exchange, decreased by 1,081 points to 33,291. However, Spain’s IBEX 35, lost by 228 points, to close at 11,173.
Stocks
Weekly South Asian Stock reports Varied Performance
![south asian stock](https://en.orthosongbad.com/wp-content/uploads/2023/06/New-Project-4.jpg)
A review of South Asian stock markets shows that India’s Bombay Stock Exchange (BSE) index BSE Sensex has lost 1,182 points during the week. At the end of the week, the index stood at 82,365 points. On the other hand, the Nifty-50 index of the country’s National Stock Exchange dropped by 383 points last week. At the end of the week, the index stood at 24,852 points.
Pakistan Stock Exchange Index ‘KSE 100’, added 459 points last week. After a week of losing, the index settled at 79,002 points.
On the other hand, The Sri Lankan stock market index loss, and the Colombo Stock Exchange index ‘ASPI’ decreased by 94 points in a week. After a week the index settled at 10,775 points.
Bhutan’s stock market index ‘BSI’ dropped by 9 points hence the index stood at 1,500 points throughout the whole week. Nepal’s ‘NEPSE’ lost 22 points, therefore the index stands at 2,727 points.
Hence Dhaka Stock Exchange: The benchmark index ‘DSEX’ lost by 75.77 points or 1.31 percent, in the outgoing week. At the end of the week, the index stands at 5,728 points.