2.8 C
New York
Tuesday, November 29, 2022

Marketmind: Tech tonic

Marketmind: Tech tonic
© Reuters. FILE PHOTO: Passersby are silhouetted as they walk past in front of an electric stock quotation board outside a brokerage in Tokyo, Japan October 18, 2022 REUTERS/Issei Kato

 

US500
+1.19%

Add to/Remove from Watchlist

Add to Watchlist

Add Position

Position added successfully to:

Please name your holdings portfolio

Type:

BUY
SELL

Date:

 

Amount:

Price

Point Value:

Leverage:

1:1
1:10
1:25
1:50
1:100
1:200
1:400
1:500
1:1000

Commission:

 

Create New Watchlist
Create

Create a new holdings portfolio
Add
Create

+ Add another position
Close

MSFT
+2.12%

Add to/Remove from Watchlist

Add to Watchlist

Add Position

Position added successfully to:

Please name your holdings portfolio

Type:

BUY
SELL

Date:

 

Amount:

Price

Point Value:

Leverage:

1:1
1:10
1:25
1:50
1:100
1:200
1:400
1:500
1:1000

Commission:

 

Create New Watchlist
Create

Create a new holdings portfolio
Add
Create

+ Add another position
Close

GOOGL
+1.37%

Add to/Remove from Watchlist

Add to Watchlist

Add Position

Position added successfully to:

Please name your holdings portfolio

Type:

BUY
SELL

Date:

 

Amount:

Price

Point Value:

Leverage:

1:1
1:10
1:25
1:50
1:100
1:200
1:400
1:500
1:1000

Commission:

 

Create New Watchlist
Create

Create a new holdings portfolio
Add
Create

+ Add another position
Close

AAPL
+1.48%

Add to/Remove from Watchlist

Add to Watchlist

Add Position

Position added successfully to:

Please name your holdings portfolio

Type:

BUY
SELL

Date:

 

Amount:

Price

Point Value:

Leverage:

1:1
1:10
1:25
1:50
1:100
1:200
1:400
1:500
1:1000

Commission:

 

Create New Watchlist
Create

Create a new holdings portfolio
Add
Create

+ Add another position
Close

AMZN
+0.42%

Add to/Remove from Watchlist

Add to Watchlist

Add Position

Position added successfully to:

Please name your holdings portfolio

Type:

BUY
SELL

Date:

 

Amount:

Price

Point Value:

Leverage:

1:1
1:10
1:25
1:50
1:100
1:200
1:400
1:500
1:1000

Commission:

 

Create New Watchlist
Create

Create a new holdings portfolio
Add
Create

+ Add another position
Close

TSLA
-1.49%

Add to/Remove from Watchlist

Add to Watchlist

Add Position

Position added successfully to:

Please name your holdings portfolio

Type:

BUY
SELL

Date:

 

Amount:

Price

Point Value:

Leverage:

1:1
1:10
1:25
1:50
1:100
1:200
1:400
1:500
1:1000

Commission:

 

Create New Watchlist
Create

Create a new holdings portfolio
Add
Create

+ Add another position
Close

VIX
+0.54%

Add to/Remove from Watchlist

Add to Watchlist

Add Position

Position added successfully to:

Please name your holdings portfolio

Type:

BUY
SELL

Date:

 

Amount:

Price

Point Value:

Leverage:

1:1
1:10
1:25
1:50
1:100
1:200
1:400
1:500
1:1000

Commission:

 

Create New Watchlist
Create

Create a new holdings portfolio
Add
Create

+ Add another position
Close

GOOG
+1.47%

Add to/Remove from Watchlist

Add to Watchlist

Add Position

Position added successfully to:

Please name your holdings portfolio

Type:

BUY
SELL

Date:

 

Amount:

Price

Point Value:

Leverage:

1:1
1:10
1:25
1:50
1:100
1:200
1:400
1:500
1:1000

Commission:

 

Create New Watchlist
Create

Create a new holdings portfolio
Add
Create

+ Add another position
Close

USD/CNH
-0.05%

Add to/Remove from Watchlist

Add to Watchlist

Add Position

Position added successfully to:

Please name your holdings portfolio

Type:

BUY
SELL

Date:

 

Amount:

Price

Point Value:

Leverage:

1:1
1:10
1:25
1:50
1:100
1:200
1:400
1:500
1:1000

Commission:

 

Create New Watchlist
Create

Create a new holdings portfolio
Add
Create

+ Add another position
Close

By Jamie McGeever

(Reuters) – A look at the day ahead in Asian markets from Jamie McGeever

Bad (economic) news is good news, and good (earnings) news is also good news.

That’s the general outlook on Wall Street right now as investors continue to claw back some of this year’s losses – U.S. stocks on Monday shrugged off steep declines in Asia, especially China, to extend the bear market rally of the last two weeks.

The S&P 500 has rebounded some 9% from its Oct. 13 low, laughing in the face of rising bond yields and interest rate expectations. Monday’s gains came despite recession-territory U.S. PMIs and a spike in the VIX volatility index back above 30.

Investors have plenty of other reasons to be cautious too: liquidity and financial stability concerns; political, economic and market trends in China; Japan’s policy conundrum and FX market interventions; British political and market turbulence.

The news flow from Asia, in particular, is not conducive to a ‘risk-on’ trading environment. MSCI Asia ex-Japan and China’s benchmark indexes fell to post-2020 lows on Monday, and the offshore yuan slumped to its lowest level since it was introduced in 2010.

You wouldn’t bet against Asian and U.S. stock markets continuing to diverge.

One relative bright spot, however, could be U.S. earnings. So far, almost one-fifth of S&P 500 companies have reported. Of those, 75% have beat expectations, according to Refinitiv data.

The Q3 reporting season goes into overdrive this week with results from tech giants and tech-heavy firms including Twitter, Microsoft (NASDAQ:MSFT), Alphabet (NASDAQ:GOOGL), Apple (NASDAQ:AAPL), Meta Platforms and Amazon.com (NASDAQ:AMZN) all on the docket.

If the Wall Street rebound is to continue and ripple to Asia, these results in particular could be crucial. (Graphic: Tesla (NASDAQ:TSLA), Nasdaq & FAANGs, https://fingfx.thomsonreuters.com/gfx/mkt/zjvqjqejypx/FAANGS.jpg)

Key developments that could provide more direction to markets on Tuesday:

China FDI (September)

South Korea consumer sentiment (October)

U.S. house prices (August)

U.S. consumer confidence (October)

U.S. earnings

Source: Investing.com

Related Articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Stay Connected

11,279FansLike
12,893FollowersFollow
744FollowersFollow
- Advertisement -

Latest Articles

Popular Articles