Global News

Demand fears prevailed over geopolitics following the soft US jobs report that led to a growth scare and market rout

The tech-heavy slumps to correction territory as Friday’s jobs report sparked recession fears and boosted market pricing for aggressive rate cuts while Mag7 earning did not dispel AI bubble fears

The tech giant posted revenue growth and expects this to continue in the current quarter, but sales in China contracted as headwinds persist

The Facebook and Instagram parent company reported strong results which justifies its AI splurge, calming broader market fears of excessive spending on the new technology

The central bank of Japan took more decisive action towards tighter monetary setting, as it announced the second rate hike of this cycle and a plan to reduce asset purchases

Risks of a wider conflict in the Middle East are not enough to lift USOil, as demand fears persist following recent poor data from China

The tech heavy index is in precarious position amidst skepticism around the viability of the AI rally and a rotation to small caps and this week’s earnings and other key events that can determine its trajectory

The Chinese central bank went on a rate cut spree this week, showing urgency to support the economy, but markets were unimpressed and HKG33 extended its losses

The stock posted its worst day in more than two years after the Q2 results showed a drop in profits and automotive revenues, as investors appear cautious around the AI push

The index loses around 10% from its record peak as prospects of further BoJ policy normalization mount and the Yen rebounds from its 38-year lows

XAU/USD regains its footing after the pullback from its record peak on prospects of Fed cuts, ahead of Friday’s PCE inflation report