Monthly Archives: April 2023
Markets Steady Ahead of NonFarm Payroll.
Written on April 7, 2023 at 5:53 am, by lishitong
Most of the asset classes were muted ahead of the Nonfarm Payroll report which will be released today; Markets seemed confused and contradictory between asset classes with the backdrop of high inflation and recession fears. Assets class, including equity markets, the U.S. dollar, gold, stayed flat on Thursday amid directionless trading. On the other hand,Continue Reading
Nasdaq 100 Enters Bull Market as Fears Over Banking Crisis Ease
Written on April 6, 2023 at 5:58 am, by lishitong
On Wednesday, 8 March, the U.S. ADP Nonfarm Employment Change data for February was released, coming in at a lower-than-expected 145,000 against the expected 200,000 and down from January’s figure of an upwardly-revised 261,000. This is the latest in a string of cooling data showing that the Fed’s aggressive tightening regime might finally be takingContinue Reading
Is a Recession Looming?
Written on April 6, 2023 at 5:50 am, by lishitong
Recession fears have escalated in the markets, especially after the ADP Nonfarm payroll was released yesterday. The dollar index traded higher, and gold prices poised at a yearly high as safe-haven assets are being sought after by investors amid a recession looming with a lower-than-expected U.S. job report. On top of that, the U.S. ISMContinue Reading
