Monthly Archives - October 2022

Chinese stocks hammered across the globe

25 Oct 2022 - Behind the US market strength overnight, the real news in the markets this week was the Hong Kong market where shares faced a wave of selling after the conclusion of the Chinese Communist Party’s national congress meeting over the weekend.The Hang Seng Index fell 6.4% on Monday, the biggest one-day decline since the global financial crisis.

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Markets rally as earnings seasons kicks off in the US

24 Oct 2022 - Stocks climbed on Friday as Wall Street closed a volatile week on a high note despite some disappointing earnings reports. The move comes ahead of two big weeks of central bank policy decisions, and earnings. Next week we see earnings from 150 S&P500 companies including Microsoft, Meta, Amazon, General Motors & Coca Cola to name a few.

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Retail investors switching to cash: Tesla under pressure

21 Oct 2022 - Stocks fell in choppy trading on Thursday as investors weighed several key earnings reports and kept an eye on the bond market, where Treasury yields continue to climb.The selling pressure across the market appears to be coming from retail investors who are piling into cash, with nearly $140bn switched into retail money market funds so far in 2022.

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