DAILY MARKET REPORT

DAILY MARKET REPORT

The People's Bank of China (PBOC) said on Wednesday it was cutting banks' reserve requirement ratio (RRR) by 50 basis points, releasing around 800 billion yuan ($114.84 billion) in funds and they mention economic growth remains resilient despite relatively large downward pressure and mounting external uncertainty. It was the eighth cut in the RRR since...
DAILY MARKET REPORT

DAILY MARKET REPORT

2019 has come to an end and we are heading into 2020. Global equity markets scaled fresh records in a year-end rally on Friday as upbeat Chinese economic data and optimism a U.S.-Sino trade deal is imminent bolstered global growth prospects. EQUITIES A broad gauge of Asian share markets rose to the highest in 18...
DAILY MARKET REPORT

DAILY MARKET REPORT

U.S. stocks marched to yet another set of records on Thursday, pushing the NASDAQ Composite Index above 9,000 for the first time, fueled by a post-holiday rally in shares of Amazon.com and other retailers. EQUITIES Asian shares scaled an 18-month high on Friday while oil prices stayed buoyant in a holiday-shortened week, as investor optimism...
DAILY MARKET REPORT

DAILY MARKET REPORT

Global markets remained in holiday mood following Christmas Day on Wednesday and most of the markets in Europe are closed today as well, for Boxing Day holiday. EQUITIES Asian stock markets are edging higher on Thursday with trading remaining subdued in the absence of fresh cues overnight from Wall Street and European markets, which were...
DAILY MARKET REPORT

DAILY MARKET REPORT

Hello Everyone, Merry Christmas Eve. US markets closed higher on Monday SANTA rally continues. We expect Trading will be thinned out today and liquidity is expected to remain low as many are already on the vacation mood. EQUITIES Asian shares and U.S. stock futures darted in and out of losses on Tuesday, as the holiday...