[IMG width="748px"]https://d1fyjtrsl71uh.cloudfront.net/collections/blog/us500_2024-07-11_09-04-15.png[/IMG]
Daily Market Outlook, July 11, 2024
“Global Markets Buoyant Ahead Of US Inflation Data ”
Ahead of the expected US consumer pricing data on Thursday, Asian stocks saw an increase, driven by a surge in the world's largest tech companies, leading to record highs in global shares.
China, Australia, and Japan all experienced stock market gains on Wednesday following a positive session on Wall Street. The decline of the Dollar against most major currencies prior to significant US inflation data suggests a potential reduction in price pressure and an increased likelihood of interest rate cuts by the Fed. Anticipation for the upcoming US consumer pricing data contributed to the rise in Asian stocks, fueled by the strong performance of the world's biggest tech firms, which propelled global shares to all-time highs. Taiwan Semiconductor Manufacturing, the exclusive supplier of Nvidia and Apple's most advanced chips, reached record highs after reporting its second-quarter revenue growth at the highest rate since 2022. Sony Group, Tencent Holdings, and Korean chipmaker SK Hynix were also key contributors to the regional stock index increase, with SK Hynix trading at its highest levels since 2000.
In May, the UK's GDP grew by 0.4% month-on-month, surpassing expectations and posing an upside risk to the Bank of England's Q2 GDP forecast. The service sector and construction contributed significantly to this growth, with retail showing a rebound from a wet April. Despite potential factors like National Insurance rate changes and erratic weather, the broader picture indicates a 0.9% GDP growth over the past three months, primarily driven by the service sector. This growth is considered above-trend. While upcoming labor market and inflation data are important for the August Monetary Policy Committee vote, recent comments from certain members suggest that the data does not support an increased probability of an early rate cut.
Info selengkapnya disini:
Daily Market Outlook, July 11, 2024 | Tickmill
Register
11th July 2024, 05:38 PM
Re: Analisa Teknikal Harian Tickmill
Similar Threads
Hybrid Mode
