Market reviews

Stock market

S&P 500 climbs as Fed strikes less hawkish tone

US equity bulls were injected with fresh inspiration on Wednesday evening after the Federal Reserve minutes struck a less hawkish tone.

26 May 07:14

S&P 500 On Brink Of Bear Market

After shedding 4% on Wednesday, the S&P500 is now 18% below its all-time high and frightening close to a technical ‘bear market’.

19 May 08:13

S&P 500 tumbles as US Inflation simmers

The S&P 500 received a thorough beating on Wednesday afternoon after U.S inflation data failed to calm investor concerns about rising interest rates.

12 May 08:17

Fed move spurs risk relief rally, but inflation battle remains

The US Federal Reserve delivered its biggest rate hike in 22 years as it raised the Fed Funds rate by 50 basis points (bps), as expected.
However, there was a dovish surprise in that Fed Chair Jerome Powell poured cold water on the prospects of a super-sized 75bps hike.
The S&P 500 saw its biggest single-day gain in two years, while the benchmark US dollar index (DXY) dipped below 103.

5 May 12:16

US stock market musters rebound

US stock indices traded sharply higher on Wednesday, snapping a four-day rout.

10 March 11:43

US equites drop as investors shun risk assets

Frenzied selling was seen across the US stock market on Tuesday, March 8, 2022. The current geopolitical situation is having an impact on the entire global economy as the sanctions imposed on Russia are already cutting both ways. These measures, taken by the West, have pushed up energy prices to record highs. Additional negativity comes from the Federal Reserve’s policy stance. The regulator will be reversing its monetary policy path shortly, with the rate liftoff right around the corner. Such key fundamental factors can be expected to add further momentum to the downtrend in the US stock market.

9 March 13:04

US indices pull back amid geopolitical turmoil

US equity benchmarks closed the trading week to the downside. On Friday, March 4, investors continued to bail out of risk-sensitive assets, amid an unstable geopolitical news flow, and due to the Fed’s imminent rate liftoff, which will mark a complete reversal in the regulator’s monetary policy settings. Meanwhile, even a stellar NPF report was unable to propel the market into positive territory.

5 March 12:52

Bears drag down indices

US equity benchmarks predictably pulled back on Thursday, February 3. Bullish sentiment faded as market participants as selling of risk-sensitive assets resumed. The prerequisites are in place for the medium-term downward trend to continue, ranging from highest US inflation rate in the past 40 years, to a turnaround in the Fed's monetary policy. At this point, anything could serve as a pretext for selling to continue, but the bears chose the stagnation of IT giant Meta (Facebook) as their trump card.

4 March 14:34

US indices get a boost from Powell speech

American equity benchmarks closed sharply higher on Wednesday, March 2, on the heels of the Fed Chair’s positive testimony to the US House of Representatives. Jerome Powell made it clear that the interest rate hike will not be as hawkish as previously expected. Investors feared an epic 0.75 bps rise. The market for risk-sensitive assets shot up on the back of this positive event, with the indices up in the range of 1.6-1.9%.

3 March 14:00

US indices dragged lower by O&G prices

US equity benchmarks trended lower on Tuesday amid heightened geopolitical uncertainty. After investors pared deep losses again, stocks continued to dive, closing the day lower by an average 1.5%.

2 March 12:25

US investors downshift to wait-and-see mode

US equity benchmarks saw trendless trading on February 28, 2022, although the market pared early losses. Market participants took to the sidelines, given that in two weeks there will be a Federal Reserve meeting, at which monetary reversal will be announced. The tightening of the regulator's policy is a negative factor for growth stocks that are listed on the tech-heavy Nasdaq. In addition, the serious sanctions that have been imposed against Russia will also be harmful to the global economy as a whole.

1 March 12:54

US indices push higher as bulls pare steep losses

US equity benchmarks staged another show of strength on Friday, February 25, closing higher despite the tense geopolitical situation due to Russia's military operation in Ukraine. Investors are starting to think that the Fed might postpone a rate hike in March, against the backdrop of strong sanctions imposed against Russia, which could impact the entire global economy. The uptrend in non-ferrous metals, as well as raw materials, only reinforces the record inflationary increase rates in the US. The regulator now has an incredibly tough challenge to deal with.

28 February 12:52

US equities stage stunning reversal as bulls shrug off geopolitical storm

US stock indices managed to shake off geopolitical uncertainty on Thursday, February 24, advancing in the range of 0.3-3.3%. US President Joe Biden unveiled tough new sanctions against Russia following a special military operation in the Donbass. However, the sanctions do not provide for Russian banks being cut off from the SWIFT system. The sanctions mainly target large financial institutions and a number of individuals associated with the Kremlin.

25 February 13:35

Bears extend command of US stock market

US stock indices closed 1.5-2.5% lower on Wednesday, February 23. The key driver was the crisis unfolding in East Ukraine. After Russia announced the start of a special military operation in Donbass, the demand for risk-sensitive assets took a pounding.

24 February 13:47

US equities plunge amid turmoil in East Ukraine

Exacerbation of geopolitical tensions in East Ukraine amid Russia's recognition of the independence of the DPR and LPR exerted a powerful impact on global markets. US benchmarks are trading 1.5-2% lower this morning in pre-market trading. That said, it should be noted that investment strategies remain largely unchanged. Market participants are exiting risk-sensitive assets, expecting QE to be wound down, with a hike in the Fed's near-zero interest rates coming up soon. The escalation of geopolitical tensions adds fuel to the fire.

22 February 14:20