Chinese Economy Under Pressure: Decline in Indicators and Bearish Momentum for Stocks
Despite various government stimulus measures to support the Chinese economy, recent economic data indicate that the Chinese economy is struggling, highlighting the need for further intervention by Chinese authorities to bolster economic growth. Specifically: The Consumer Price Index (CPI) grew by 0.6% year-over-year in August, which is below expectations (0.7%) but higher than the […]
Thai SET Index Hits Highest Level Since October: Analysis of Economic Data and Reasons
The Thai SET Index continues its upward trend for the sixth consecutive day, reaching 1,438 points yesterday, the highest level since October 18, 2023. The index has increased by approximately 13% from the low of August 5 this year, when it recorded 1,273 points, up to the peak of 1,438 points recorded yesterday. It has […]
The most important events of the past week
United States of America: The Manufacturing PMI fell to a contraction of 47.9, which is below expectations (48.0) and the previous reading (49.6). The monthly Construction Spending index decreased by 0.3%, which is less than the expected 1.0% and the previous reading of 0.0%. The ISM Manufacturing PMI showed a contraction of 47.2, below expectations […]
Decline in Korean Economic Indicators and Analysis of Its Impact on the KOSPI Index
Recent economic data from Korea indicate that the Korean economy is experiencing weakness, as follows: The industrial production index declined on a monthly basis, recording a contraction of 3.6%, which is lower than the expectations (-0.4%) and the previous reading (0.7%), marking its lowest level since May 2020. The retail sales index decreased on a […]
U.S. Dollar Weakens Against Russian Ruble Amid Economic Resilience in Russia
The U.S. dollar continues its downward trend against the Russian ruble for the fourth consecutive day, having reached 86.62 two days ago. It is currently trading near the 87.50 level. The pair remains down by about 2% year-to-date. Despite the ongoing Western sanctions on Russia since the outbreak of the Russian-Ukrainian war, recent Russian economic […]
The Rise in the Volatility Index (VIX) Indicates Investor Anxiety Amid Economic Uncertainty in the United States
The VIX, often referred to as the “fear and volatility index,” which reflects investors’ expectations regarding price movements in the stock market, rose to 21.99 points yesterday, its highest level since August 9, 2024. This increase indicates that investors are unsettled and uneasy in U.S. stock markets. The VIX has risen by about 66% since […]
Indonesian Stocks Bullish Momentum: Analysis and Forecast
Indonesia’s IDX Composite Index continues its upward trajectory, reaching a record high of 7,726 points today. The index has climbed approximately 15% since hitting a low of 6,698 points on 19 June this year, achieving its peak of 7,726 points yesterday. It has also seen a year-to-date increase of around 6%. Recent economic data from […]
The Most Important Events of the Past Week
United States of America The Consumer Confidence Index rose to 103.3, surpassing expectations of 100.9 and the previous reading of 101.9. The Core Durable Goods Orders Index decreased by 0.2% month-over-month, below expectations of 0.0% and the previous reading of 0.1%. Meanwhile, the overall Durable Goods Orders Index grew by 9.9% month-over-month, exceeding expectations of […]
Positive UK Indicators and Fed Signals Propel GBP/USD Higher
By Samir Al Khoury, The GBP/USD pair rose to 1.3266 two days ago, marking its highest level since 23 March 2022. The pair is currently trading around 1.3200, having risen by approximately 3.50% since the start of the year. The headline CPI came in at 2.2% year-on-year, slightly below expectations (2.3%) but above the previous […]
Russell 2000 Climbs as Interest Rate Expectations and Economic Data Fuel Optimism
By Samir Al Khoury, The Russell 2000, the US small- and mid-cap index, reached 2,244 points yesterday, marking its highest level since 1 August 2024. It is currently hovering around 2,220 points. The Russell 2000 is influenced by economic conditions in the US, where most of the constituent companies are based. Additionally, these companies are […]
