Daily Synopsis of the New York market close – Feb 20, 2025
Date Issued – 20th February 2025
Preview
Asian stocks fell, with Hong Kong’s tech index dropping 3.6%, as geopolitical tensions and US tariff uncertainty weighed on sentiment. Gold hit a record $2,947.23, and the yen strengthened on rising...
Daily Synopsis of the New York market close – Feb 19, 2025
Date Issued – 19th February 2025
Preview
Oil prices held steady as OPEC+ considers delaying April supply increases, while geopolitical tensions and tighter Russian oil price caps cloud the outlook. President Trump’s proposed 25% tariffs on...
Daily Synopsis of the New York market close – Feb 18, 2025
Date Issued – 18th February 2025
Preview
Asian stocks surged, led by Hong Kong markets, as a meeting between President Xi Jinping and business leaders, including Jack Ma, fueled hopes for a softened stance on private enterprise, driving a $1...
Daily Synopsis of the New York market close – Feb 17, 2025
Date Issued – 17th February 2025
Preview
Tencent surged to its highest since 2021 after integrating DeepSeek’s AI into WeChat, while Baidu slid nearly 9% on profit-taking. Asian central banks ramped up dollar forward contracts to defend...
Daily Synopsis of the New York market close – Feb 13, 2025
Date Issued – 13th February 2025
Preview
Asian markets are set for a mixed open as investors weigh optimism over US-Russia peace talks against lingering inflation concerns. Gold continues its climb toward record highs, supported by haven...
Daily Synopsis of the New York market close – Feb 12, 2025
Date Issued – 12th February 2025
Preview
Hon Hai (Foxconn) signaled interest in Renault’s 36% stake in Nissan, aiming to expand its EV ambitions, though risks to Nissan’s independence remain. Bond yields rose as Fed Chair Jerome Powell urged...
Daily Synopsis of the New York market close – Feb 11, 2025
Date Issued – 11th February 2025
Market Overview
Markets saw significant moves this week, starting with US Steel shares surging 6% on Trump’s proposed 25% steel tariffs, boosting domestic producers but raising concerns for industries reliant on...
Daily Synopsis of the New York market close – Feb 10, 2025
Date Issued – 10th February 2025
Preview
China has launched a pilot program allowing insurers to invest in gold for the first time, unlocking up to $27.4 billion in potential demand. Separately, the country will transition to market-based...
Daily Synopsis of the New York market close – Feb 7, 2025
Date Issued – 7th February 2025
China’s Private Oil Refiners and Global Market Impacts
China’s private oil refiners, or “teapots,” have cut operating rates to 43.64%, the lowest since March 2020, as U.S. sanctions on Russian oil disrupt supply...
Daily Synopsis of the New York market close – Feb 6, 2025
Date Issued – 6th February 2025
Preview
Mitsubishi UFJ Financial Group (MUFG) is set to achieve record profits of ¥1.75 trillion ($11 billion) this fiscal year, driven by rising domestic rates, strong markets, and a weak yen. Despite a 39%...
