市場匯評

Global stocks are trading mixed currently after Fed hiked rates as expected. Wall Street ended down on Wednesday. Apple shares lost 0.91% outperforming the market, Alphabet’s shares fell 1.53% on Wednesday while the company announced that it has opened a waiting list to get access to Bard, Google’s AI chatbot tool designed to take on ChatGPT.

On Tuesday, the US dollar index suspended a 3-day decline in anticipation of the Fed meeting. American stock indices rose thanks to the stabilization of the US banking sector and positive news on individual companies. Precious metals fell yesterday, the Fed rate hike is a negative factor for them.

Global stocks are trading mostly up currently ahead of two-day Federal Reserve policy meeting starting today. Wall Street ended higher on Monday as bank contagion fears eased amid reports US officials were looking at ways to temporarily expand Federal Deposit Insurance Corp coverage to all deposits. Microsoft shares dropped 2.58%, Amazon shares lost 1.25% on Monday underperforming market as CEO Andy Jassy said Amazon will lay off 9,000 more employees in the coming weeks.

Global equity indexes are in red currently after initial relief over UBS Group’s state-backed purchase of Credit Suisse Group for $3.23 billion (3 billion Swiss francs). Under the deal Credit Suisse’s additional tier-1 bonds - or AT1 bonds - with a notional value of $17 billion will be valued at zero, which renders shareholders better protected than the holders of the debt. Wall Street resumed the selloff on Friday. Apple’s shares lost 0.55% outperforming market, Meta shares plunged 4.55% on Friday while President Donald Trump posted on Facebook for the first time since January 6, 2021.

Equity indexes futures are mostly rising currently following announcements on rescue packages by the Swiss National Bank and private US banks to provid liquidity to Credit Suisse Group and First Republic Bank respectively. Wall Street ended solidly higher on Thursday. Amazon shares jumped 3.99% outperforming market despite news Amazon faces a lawsuit for not telling New York store customers about facial recognition, Microsoft shares rallied 4.05% on Thursday.

Global stocks are trading mixed currently ahead of European Central Bank interest rate decision at 14:15 CET today. Wall Street ended mixed on Wednesday as bank rout continued. Apple shares rose 0.26% outperforming the market, Meta’s shares gained 1.92% on Wednesday after reports the previous day the company plans to lay off about 10,000 employees, or roughly 13 percent of its work force after it laid off more than 11,000 people or about 13 percent of its work force in November.

On Tuesday, the US dollar index remained almost unchanged after 3 days of strong decline. He was supported by good US inflation data. American stock indices rose. Investors believe that the Fed will significantly slow down the pace of tightening monetary policy and raising rates.

Global stocks are trading mostly down currently ahead of February US inflation report at 13:30 CET today. Wall Street ended mixed on Monday. Microsoft shares gained 2.14% outperforming market as investors turned to safety bets against the background of contagion spilling over from US bank rout, Tesla shares added 0.6% on Monday amid reports Tesla has significantly ramped up its hiring effort for Cybertruck production which is just a few months away.

Global equity indexes are pointing mostly up currently after US financial authorities said Sunday all SVB depositors will be made whole. Wall Street selloff prompted by the failure of regional lender Silicon Valley Bank (SVB) continued on Friday. Apple’s shares lost 1.39% after a Wall Street firm downgraded Apple shares to sell from neutral, Tesla shares rose 0.3% on Friday outperforming market.