The broad market index
of Wall Street has lost more than 400 points, or nearly 10% since June 8. This
is mostly due to fears that the U.S. Federal Reserve (Fed) may take aggressive
monetary steps to contract the money supply while failing in its widely
announced mission to curb inflation dynamics.
Oil prices survived above
$118.5 per barrel of the North Sea Brent benchmark amid rising demand for
Large institutional funds are generally
sceptical about possible effects of the additional production quotes by the
Organisation of the Petroleum Exporting Countries and its allies (the so-called
Inflation fears are setting strong negative
sentiment, but the market is trying to rebound
The major European stock indices, including Germany's Xetra Dax and France's
CAC 40, have been trading neutral in the middle of the week gaining nearly
1.5%. The U.S. S&P 500 broad market indicator is close to March 2021 lows. Inflation fears are setting a strong negative
sentiment, but the market is trying to rebound on hopes of further positive
dynamics of the banking sector.
corporates like Microsoft, Google-parent Alphabet, Facebook owner Meta
Platforms, Qualcomm and Apple continue to provide Q1 2022 earning reports.
is a quite possible scenario that most of investors may continue to favour
these giants regardless of the financial results for the previous quarter.
These assets are treated as a kind of lifeline or money savers in the
vast ocean, where major average stock indexes including the S&P 500, the
Nasdaq 100 and the Dow Jones Industrial are submerged.
The "wait and see" mood on the back of feeble
corrective slopes in the market seems to be an appropriate investment stance for the current week, when "no
deal" used as a safety bet might become the prevailing practice.
100 has a clear potential to surpass the 15,000 mark.
Chip makers led a big
tech rally catapulting the Nasdaq 100 futures to its six-week high above 14,800
points. As observers of financial market news that
the demand is based on giant cap stocks like Apple, Amazon, Microsoft, and
Google. The index has a clear potential to surpass the 15,000 mark and further
consolidate above this level within the nearest trading sessions.
Dip-buying strategies slowly and steadily return to
the global markets while the fourth-quarter reporting season shoots out. As
many as 79 of the 500 companies listed in the Wall Street's S&P broad
market index already reported their financial results as of January 25 and 81%
of those companies delivered better-than-expected revenues, according to
Refinitiv data. According to Refinitiv analysis, we may expect a revenue growth
for Q4 of 24.1% for S&P 500 listed companies.
Global markets continue to rebound to the upside. The U.S. S&P 500
broad market index has already soared by more than 130 points from this
Monday’s bottom to touch the 4,715-4,725 area before Wall Street’s close
yesterday. It was then tested again during the morning futures trade on
Tuesday, while major European indexes also gained for the second session in a
Stock markets on
either side of the Atlantic generally came to the end of November at a
loss following the emergence of the new COVID-19 Omicron variant. Cautious
investors preferred to unload at least some of their assets and had a chance to
do so on Tuesday, after Monday’s partial yet large-scale recovery.