Offshore Investment
- Inflation risk remains the principle driver for the market and Tuesday's PPI and Wednesday's CPI will be key data for the week ahead. The April Trade Deficit widened to $63.4bln from $61.9bln the previous month but less than anticipated ($65bln). US indices should remain under pressure for now.
- Monday, June 12 - 2006 at 13:49 |
- Caution should prevail as the current bounce could be short lived. US markets stabilised last week as the latest economic data eased investor concern about inflation risk. Yet the focus should be on earnings growth, expected to slow as the economy slows.
- Wednesday, June 07 - 2006 at 11:26 |
- With few earnings reports out this week the main focus will remain on economic growth, inflation and commodity prices. Caution should prevail as the current bounce could be short lived. The US market is closed today for Memorial Day.
- Monday, May 29 - 2006 at 14:26 |
- US markets continued their consolidation last week as recent economic data point at rising inflation risk (core CPI was 0.3% in April vs 0.2% expected). At least one further rate hike from the Fed is expected in June. Commodity prices declined sharply.
- Monday, May 22 - 2006 at 19:22 |
- The Dow Jones, Nasdaq 100 and S&P500 fell sharply Thursday and Friday. They broke below their 20D & 50D MAs. The dollar continued to weaken against the euro and yen which should favour exporting firms. Stocks from the diversified financials, technology hardware and semiconductors sectors fell most.
- Monday, May 15 - 2006 at 12:16 |
- The Dow Jones is near its record high reached in January 2000. US indices could advance further this week. Stocks from the transportation, capital goods and food & staples retail sectors gained most. Watch this week reports from Disney and Cisco.
- Monday, May 08 - 2006 at 12:42 |
- The 10yr yield is at its highest level since May 2002. Caution should prevail as the earnings season continues and rising yields could eventually hurt equity markets.
- Tuesday, May 02 - 2006 at 16:10 |
- The Dow Jones and S&P 500 rebounded sharply last week as investors welcomed better than expected 1Q corporate profits (around 70% of the S&P 500 stocks that have already reported their earnings had better than expected results) and ignored high long yields and oil prices.
- Monday, April 24 - 2006 at 14:02 |
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