Hang Seng Drops due to Risk-Off Mood Despite Encouraging China GDP
The better than expected growth data from China can’t stop the slump of HKG33, as risk aversion prevails following the new Middle East flare-up
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The better than expected growth data from China can’t stop the slump of HKG33, as risk aversion prevails following the new Middle East flare-up
The Iranian strike on Israel raises the risk of supply disruptions that could drive prices higher, but for now markets seem to keep their cool
The pair drops after the European Central Bank laid the groundwork for upcoming rate cuts, while pricing for a Fed move is pushed beyond summer following the hot CPI report
US inflation accelerated according to Wednesday’s data, which raise the bar for a Fed pivot, while the Bank of Canada opened the door to a June cut
The pair jumps above the July 1990 highs as today’s data showed an acceleration in price pressures, which raises the bar for rate cuts and boosts the greenback
Another strong jobs report did not bother Wall Street, which appears to think that this reinforces the soft landing scenario, despite risk for less Fed cuts than previously expected
Disney scored a crucial victory this week in the proxy fight against Trian Partners, but its stock pulls back from critical tech levels after a stellar first quarter
The commodity extends its gains to the highest since January 2023, helped by China’s recovery that boosts demand prospects, amidst supply disruptions
Apple & Tesla are part of the so-called Magnificent Seven, but unlike their group peers, their performance has been disappointing this year
The tech-heavy index trades with caution after the unexpected manufacturing PMI expansion, which sapped rate cut expectations
USOil comes from a profitable month and quarter, largely due to supply disruptions and the latest upbeat factory data from China support it today
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