Tag

Market Direction

All articles tagged with #market direction

finance2 years ago

"December Optimism Meets China Concerns in Asian Markets"

Asian markets are ending the week on a positive note, with a flurry of Purchasing Managers Index (PMI) data and key indicators from Japan, South Korea, and Indonesia expected to drive market movement. November was a strong month for some Asian stock markets, but caution is warranted due to the month-end reversal in the dollar and bonds. China's economy and financial markets continue to face challenges, with a survey showing that no public pension or sovereign wealth funds have a positive outlook for China's economy. However, Asian currencies are gaining favor among investors, except for the Chinese yuan. Key developments to watch include PMIs for various countries, Japan's unemployment data, and Indonesia's inflation figures.

business2 years ago

"Nvidia's Earnings Impact AI Stocks as Dow Jones and Nasdaq Futures React"

Despite reporting strong earnings and revenue growth, Nvidia's stock fell nearly 2% in overnight trading. The stock market rally retreated slightly on Tuesday, with the Dow Jones and S&P 500 both falling 0.2% and the Nasdaq composite dropping 0.6%. Other AI stocks, including Microsoft, Advanced Micro Devices, Google parent Alphabet, Meta Platforms, Palantir Technologies, and Super Micro Computer, are in or near buy areas. The market rally remains strong, although many leading stocks are extended.