Canada Approves Its Third Bitcoin ETF Canadian regulators have approved another Bitcoin exchange-traded fund (ETF). The approved Bitcoin ETF will be launched today by the CI Global Asset Management group. This marks the third time that the said country’s regulators are enabling Bitcoin ETF launch. Canada’s securities regulators have approved another Bitcoin exchange-traded fund (ETF). In…
Weekly Market Update (January 11, 2021 – January 15, 2021) Social media companies ban Trump from their platforms, citing concerns of violence days prior to Biden inauguration On Monday, major indexes declined due to profit-taking within the technology sector. The S&P 500 dropped 0.7%. The Nasdaq fell 1.3%, and the Dow Jones declined…
Weekly Market Update (December 28, 2020 – January 1, 2021) Trump signs coronavirus relief bill bringing down the curtain to an uncharacteristic year in the financial markets United States On Monday markets resumed trading following an extended layoff, due to the early close on Christmas Eve and the full-day closure of activities on Christmas day.…
Wednesday 30.12.2020 Asian Session Asian shares rose sharply today after the announcement of the National Bureau of Statistics that said that China’s GDP last year rose only 6.0% to 98.65 trillion yuan ($15.1 trillion), versus 6.1% as previously reported. The primary reason by far was a 503.8 billion yuan ($77.15 billion) reduction in manufacturing…
Weekly Market Update (December 21 – December 25, 2020) Lawmakers agree to USD 900 billion stimulus package aiding individuals and small businesses affected by pandemic On Monday, Major United States equity averages – which pressed forward last week despite some uninspiring news on both the economy and the coronavirus – are sitting notably lower.…
Weekly Market Update (December 14 – December 18, 2020) UNITED KINGDOM London stocks were set for a muted open this week after the deadline for Brexit talks was extended. The FTSE 100 opened seven points higher at 6,544. The latest UK – EU trade talks deadline came and went over the weekend, as politicians on…
Long way to go on Brexit trade talks as Britain feels that EU’s trade deal offer ‘remains unacceptable’ On Monday, the Nasdaq increased 0.5% due to strength among growth stocks however, struggling cyclical and value stocks pulled the S&P 500 down by 0.2% and The Dow Jones by 0.5% respectively. Due to rising infection…
Stocks continue to build on their November gains heading into final month of turbulent 2020 This was a week that saw stocks edge higher, as the market’s historic rally extended into the first week of December. Despite a notable slowdown in hiring that was revealed in the November United States jobs report, major indexes…
Stocks Rally on Lowering Political Risk with GSA Announcement UNITED STATES In the United States, benchmarks reached new records on vaccine and political optimism. A new round of Covid-19 vaccine optimism coupled with diminishing political uncertainty helped stocks build on their recent gains. Most of the major benchmarks hit record highs. The Dow Jones…
Numerous sector recoveries with ongoing positive vaccine and economic news On Monday, with the ongoing positive vaccine news, investors continued to shift funds into cyclical and value. Moderna biotechnology company announced that their potential vaccine featured a 94.5% efficacy rate. Pfizer pharmaceutical corporation made a similar vaccine announcement last week, and as a result,…
Monday 23.11.2020 Asian Session Asian stocks jumped higher today, with a broad regional index reaching a record high amid hopes for the fast progress of the coronavirus vaccine, however, there exist concerns over the impact of economic lockdowns and uncertainty over US stimulus. South Korea’s Kospi index was 1.82% higher as an optimistic earnings…
Weekly Market Update (November 09 – November 13, 2020) Vaccine Breakthrough Raises Market Sentiment On Monday, Pfizer announced that their small COVID-19 vaccine trial had a 90% efficacy rate among participants and as a result, many hard-hit industries including hospitality and travel performed exceptionally well, as did all major indexes, all of which rose…
Asian stock markets were mixed on today’s trading session after US equities dropped
According to Goldman Sachs Asia Pacific stocks will give approximately 18% returns within 2021
On Monday, investors showed renewed confidence in cyclical stocks and bought into the dip from the previous week, thus pushing the S&P 500 up by 1,2%. October also saw the ISM Manufacturing Index at its highest level since September 2018 clocking in at 59.3 %.
Hong Kong-listed shares of Chinese tech giants Alibaba and Tencent dropped 8.28% and 5.63%
On Monday, The Nasdaq dropped 1.6%, the S&P 500 fell 1.9% and the Dow Jones was down 2.3%.
These major indexes were hit after daily new coronavirus case were at a record high.
On Monday, all major indexes declined due to pessimism around fiscal stimulus with the S&P 500 down 1.6%, the Nasdaq was fell 1.7% and the Dow Jones dropped 1.4%.
Some political uncertainty was removed after President Trump essentially recovered from the coronavirus.
Stocks climbed last week, with the S&P 500 recording the best weekly rise since early July.