NAS100 Vulnerable on Fed Rate Path & Middle East Concerns
The tech-heavy index is exposed to key tech levels, weighed by risk-off mood and hawkish repricing around the Fed’s rate cut prospects
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The tech-heavy index is exposed to key tech levels, weighed by risk-off mood and hawkish repricing around the Fed’s rate cut prospects
The better than expected growth data from China can’t stop the slump of HKG33, as risk aversion prevails following the new Middle East flare-up
DAX short-term traders not aligned with longer term participants.
Another strong jobs report did not bother Wall Street, which appears to think that this reinforces the soft landing scenario, despite risk for less Fed cuts than previously expected
The tech-heavy index trades with caution after the unexpected manufacturing PMI expansion, which sapped rate cut expectations
The index rallied last week as BoE appears to be moving closer to a cut, but inflation is still far from target and more time may be needed
The Fed maintained its implied path for three cuts this year despite recent inflation persistence, helping the stock market to new record highs, which is also boosted by ongoing AI exuberance
Over the course of this year, the 10-year real rate has charted a higher trough, suggesting support for yields. This may raise some eyebrows as the narrative surrounding rates has changed, which may, in turn, impact on the financial markets.
HKG33 makes a strong start to the week helped by Chinese inflation pickup and Xiaomi’s jump after announcing deliveries of its first EV within the month
The tech-heavy index continued its advance as markets cheered the slight moderation in PCE inflation and sustained AI optimism with C3.ai jumping on Thursday
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