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
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