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New Overnight Developments Abroad – Daily Update

Rising Inflation Dampening the Mood of Consumers Around the World

May 20, 2022

Amid bear markets, investors periodically test the waters in search of good values. Today has been one such day. The week will end with huge net share price declines, but on this Friday equities closed up 3.0% in Hong Kong, 2.9% in India, 1.8% in South Korea, 1.6% in China and Singapore, 1.4% in Indonesia […] More

Nothing but Red on the Screens

May 19, 2022

It’s no longer about the data, or the news for that matter. A self-perpetuating technically-driven downward dynamic has taken over financial markets. For the Nasdaq, the bear market threshold was breached a while ago. S&P futures are within a percent of bear market territory, and its only a matter of time before the Dow joins […] More

Risk Aversion Returns

May 18, 2022

It’s not surprising that the investor move back into riskier assets over the prior three sessions proved to be short-lived because the reasons behind this year slide in equities and rise of the dollar hadn’t disappeared. The three main U.S. stock market indices are down 0.5-1.0% in futures trading. Smaller dips have occurred in Europe. […] More

Few Rays of Hope

May 17, 2022

Euroland GDP growth last quarter was revised marginally higher. British labor market data showed greater resilience than imagined, and Chinese officials indicated progress against Covid and plans to reopen Shanghai. Recent U.S. earnings reports from retailers have exceeded expectations. Share prices rallied Tuesday, closing up 3.3% in Hong Kong, 2.6% in India, 1.0% in Taiwan, […] More

Disappointing Chinese Data to Kick Off the Week

May 16, 2022

Investors got some bad news from April Chinese economic data and the European Union’s spring forecast. Equity markets closed down 0.3% in China, South Korea, and India but up 0.5% in Japan and 0.3% in Australia. The German Dax and Paris Cac are down 0.6% and 0.4%, and U.S. stock futures have dropped, too. Ten-year […] More

Investor Bottom-Fishing

May 13, 2022

Within bear markets, brief interruptions happen typically as investors pause to take in the carnage and test markets to see if perhaps enough has been lost to secure a trend reversal. Today’s been one such instance. Share prices rose in Pacific Basin markets by 2.7% in Hong Kong, 2.6% in Japan, 2.1% in South Korea, […] More

Intensifying Global Risk Aversion

May 12, 2022

Equities hit an air pocket on Thursday in the Pacific Rim and Europe, closing down 2.2% in Taiwan and Hong Kong, 3.2% lower in Indonesia, and off 1.8% in Japan and Australia, 2.1% in India, 1.6% in South Korea and 1.9% in Singapore. Share price declines of 2.0% or more have so far occurred in […] More

Investors Believe that Today’s U.S. CPI Report Will Show a Lower Inflation Rate

May 11, 2022

Ahead of April CPI figures due at 12:30 GMT (08:30 EDT), U.S. stock futures are pointing to a rise of 1.0% or more. Analysts are predicting that on-year inflation will be closer to 8.0% than March’s 483-month high of 8.5%. It is an act of faith based in part on base effects as high month-on-month […] More

Market Pounding Lets Up but Respite Unlikely to Endure

May 10, 2022

Following Monday’s serious damage that saw the SPX and Nasdaq close 17% and 28.2% below their cyclical highs, U.S. stock futures show overnight gains of ranging from +0.6% in the DOW and 0.7% in the S&P 500 to 1.1% in the Nasdaq. Pac Rim equities today had mostly followed America’s downward lead from Monday, with […] More

Equity Sell-Off Intensifies

May 9, 2022

An investor flight to safety gathered further pace amid inflation fears and expectations that central banks will need to speed up their pace of monetary tightening. When the FOMC after its first meeting in 2022 signaled that interest rate increases were coming soon, the thinking was that the central bank would change the rate in […] More

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