Stock Market

The tech-heavy index reached new all-time highs, helped by Nvidia’s rise after the announcement of new Artificial Intelligence chips

HKG33 posted its first losing week in more than a month, weighed by geopolitical jitters, while Xiaomi’s strong results did not help either

The tech heavy index sets new highs this week, as markets gear up for Wednesday quarterly results of Nvidia, the enabler and main beneficiary of the AI boom

HKG33 extended its gains helped by Beijing measures to prop the critical real estate market and mostly strong results by Alibaba, JD and Baidu

CPI ticked lower according to Wednesday data, which sent the index to new all-time highs, as markets reinforced pricing for two Fed cuts this year

Goldman Sachs traded at a new all-time high on Friday. Technically its exponential moving averages are in a bullish formation, with the green 5-month EMA above the orange 10-month EMA. The stock may be overbought in the short-term but given its strong primary trend, support areas are likely to be compelling.

The stock dropped nearly 10% on Wednesday, despite strong quarterly results, as markets likely focused on poor linear networks performance and underwhelming near-term guidance

FXCM’s CHN50 CFD is showing good signs of progress on a primary trend basis. It has broken above its down sloping trendline that has defined price momentum since February 2021, indicating that the downwards momentum has certainly waned. Importantly its trend following indicators which have been in a bearish formation for over two years are looking to cross up (top black ellipse). This positivity is accompanied by an RSI which…

Over the course of 2024 the US real rate has appreciated by just under 24% (top red arrow) and is currently at 2.11%. Not surprisingly, the smaller companies have felt the burden more so than the large cap companies.

SPX500 stock futures are trading higher pre-cash open (red arrow). The index is extending gains following a weaker than expected US jobs report on Friday boosting the prospects of a rate cut by the Federal Reserve.

The tech-heavy index consolidates its recent advance as investor await earnings from Amazon and Apple, as well as the Fed’s monetary policy decision