Daily Synopsis of the New York market close – Dec 23, 2024
 Date Issued – 19th December 2024PreviewAsian stocks rebounded Monday, ending a six-day decline as softer US inflation data revived hopes for Federal Reserve rate cuts in 2025. The MSCI Asia Pacific Index rose, led by South Korea and Taiwan, while US equity futures gained and...
Daily Synopsis of the New York market close – Dec 19, 2024
 Date Issued – 19th December 2024PreviewAsian stocks slipped Thursday after the Federal Reserve signaled slower rate cuts in 2025, while the Bank of Japan maintained its policy, weakening the yen. Wall Street mirrored global jitters, with the Dow plunging over 1,000 points as...
Daily Synopsis of the New York market close
 Date Issued – 18th December 2024PreviewAsian stocks edged higher Wednesday ahead of the Federal Reserve’s final rate decision for 2024, with Japan’s Nikkei down 0.2% but gains in Hong Kong, Shanghai, and South Korea. Nissan shares surged 22% on merger talks with Honda, while...
Daily Synopsis of the New York market close
 Date Issued – 17th December 2024Alibaba Plans to Sell Intime Department Stores for $1 Billion Amid RestructuringAlibaba Group announced plans to sell its department store chain, Intime, to a consortium led by Youngor Fashion and Intime’s management for 7.4 billion yuan...
Daily Synopsis of the New York market close
 Date Issued – 16th December 2024PreviewThis week, all eyes are on the Federal Reserve’s final meeting of 2024, where a 25-basis-point rate cut is anticipated. Fed Chair Jerome Powell’s comments on the 2025 outlook will be pivotal, especially as rate cuts may proceed more...
Daily Synopsis of the New York market close
 Date Issued – 13th December 2024PreviewXiaomi’s stock has soared 103% this year, driven by strong momentum in its electric vehicle (EV) business, which now accounts for 10% of revenue. Demand for its SU7 sedan and upcoming YU7 SUV positions Xiaomi to rival smartphone...
Daily Synopsis of the New York market close
 Date Issued – 12th December 2024PreviewAsian stocks rallied Thursday as softer US inflation data strengthened expectations of a Federal Reserve rate cut, with the MSCI Asia Pacific Index hitting a one-month high. Japanese and Hong Kong markets led gains, while Australia’s...
Daily Synopsis of the New York market close
 Date Issued – 11th December 2024PreviewAsian stocks dipped as markets awaited US inflation data, which could shape the Federal Reserve’s rate decision. While South Korean stocks gained, Chinese equities fluctuated amid expectations of fiscal stimulus in 2025. The US dollar...
Daily Synopsis of the New York market close
 Date Issued – 9th December 2024PreviewAsian markets slid on Monday as South Korea’s Kospi dropped 2.3% amid political strife, and Chinese shares fell ahead of key economic meetings. Tokyo’s Nikkei edged higher on expectations of a Bank of Japan rate hike, while...
Daily Synopsis of the New York market close
 Date Issued – 6th December 2024PreviewThe November jobs report is expected to show a rebound in hiring, with payrolls forecasted to rise by 215,000 after October’s hurricane- and strike-affected 12,000. Unemployment is projected to hold at 4.1%, while wage growth may hit...
