Monthly Archives: October 2024
China Rate Cut Spurs Equity Market to Rally
Written on October 1, 2024 at 5:55 am, by
Market Summary The Chinese equity market has emerged as the standout asset class in the financial world, with the China A50 index posting its largest weekly gain in a decade and the Hang Seng Index (HK50) rising by over 12% this week. The market rally has been driven by ongoing economic stimulus measures from theContinue Reading
Dollar Strengthen Ahead of GDP Reading
Written on October 1, 2024 at 5:52 am, by
Market Summary The U.S. dollar rebounded sharply towards the $101 mark ahead of key economic data releases, including GDP and the PCE reading due on Friday. The Dollar Index (DXY), however, faces resistance between $101.00 and $100.85 at its previous fair-value gap; a break above this range could shift the current bearish outlook. Meanwhile, WallContinue Reading
Chinese Equity Market Bullish After Rate Cut
Written on October 1, 2024 at 5:50 am, by
Market Summary The Asian equity market has taken centre stage in the global financial landscape, particularly with Chinese indexes, such as the China A50 and the Hang Seng Index (HSI), both surging by nearly 10% over the past two sessions. This rally has been driven by monetary easing policies and stimulus packages from the ChineseContinue Reading
