• Daily Commodity Outlook, 7 August 2020

    Stocks dropped Friday, led by Chinese technology firms, after a U.S. move to prohibit transactions related to WeChat stoked tensions. Treasuries and the dollar rose. China and Hong Kong shares saw the bulk of losses, with WeChat operator Tencent Holdings Ltd. slumping more than 7%. The offshore yuan also retreated along with S&P 500 futures.  […]

  • Daily Commodity Outlook, 6 August 2020

    A rally in Asian stocks faltered Thursday as investors weighed more signs of tension with U.S.- China relations and ongoing negotiations on an American stimulus package. S&P 500 contracts edged up after the gauge rose to within 2% of its record closing high in the wake of encouraging news on the vaccine front.  The dollar […]

  • Daily Commodity Outlook, 5 August 2020

    Asian stocks opened mixed on Wednesday as investors mulled the progress of stimulus talks in Washington and reports of a plan to review the U.S.-China trade deal.  S&P 500 contracts were little changed after the index wavered between losses and gains through Tuesday before closing modestly higher.  The dollar weakened against major peers. Ten-year Treasury […]

  • Daily Commodity Outlook, 4 August 2020

    Asian stocks advanced Tuesday after a technology-fueled rally in the U.S. amid positive economic data and the potential for further stimulus. The dollar held gains. S&P 500 contracts were little changed. Earlier, the Nasdaq 100 reached a record as traders sought out companies poised to do best in a stay at-home economy.  The dollar held […]

  • Daily Commodity Outlook, 3 August 2020

    Asian stocks started August in a mixed fashion amid a resurgence in Covid-19 cases and simmering U.S.-China tension. The dollar edged higher and Treasuries slipped. On Friday, U.S. stocks extended their July rally aided by a surge in technology shares.  S&P 500 is flat now and the market is watching on the stimulus plan talks […]

  • Daily Commodity Outlook, July 30 2020

    Asian stocks saw modest gains Thursday after a signal from the Federal Reserve that more stimulus will be provided pushed U.S. equities higher and weighed on the dollar. Futures on the S&P 500 Index were little changed after the gauge extended its July rally, with the Fed keeping rates near zero and pledging to use […]

  • Daily Commodity Outlook, July 29 2020

    Asian stocks opened mixed as investors awaited the conclusion of the Federal Reserve’s policy meeting. S&P 500 contracts nudged higher after the benchmark closed lower, with worse-than-estimated results from McDonald’s Corp., 3M Co. and Harley Davidson Inc. weighing on shares.  USD stabilized as the U.S. central bank is set to announce its rate decision Wednesday, […]

  • Daily Commodity Outlook, July 28 2020

    Asian stocks climbed Tuesday on expectations the Federal Reserve will reinforce its dovish message this week and as U.S. stimulus talks got underway. S&P 500 rebounded on Monday with technology stocks leading the gains. Asian stocks surged thanks to a continuing rally in Taiwan Semiconductor Manufacturing Co.  USD stabilized as investors were betting on the […]

  • Daily Commodity Outlook, July 27 2020

    Stocks in Asia opened mixed and gold futures rose to a record high as investors weighed simmering Sino-American tensions against signs the virus spread in the U.S. may be slowing. The dollar extended its recent slide. USD continued the slide even when geopolitical risks escalated. Billionaire investor Ray Dalio said conflict between the U.S. and […]

  • Daily Commodity Outlook, July 24 2020

    Stocks in Asia retreated after an unexpected rise in American jobless claims rekindled concern a recovery in the world’s largest economy has stalled. Intel Corp.’s warning on a production delay also weighed on sentiment after triggering an after-hours slump in the stock. USD continued the slide even when the stock market is down again. Concerns […]

  • Daily Commodity Outlook, July 23 2020

    Asia stocks opened modestly lower on Thursday as investors weighed doubts on the timing of a new U.S. spending bill and concern about an escalation of tensions with China. The dollar continued to edge lower, near the weakest since March. Shares of Microsoft Corp. dropped and Tesla Inc. surged after the companies released earnings following […]

  • Daily Commodity Outlook, July 22 2020

    Asian stocks saw a muted start to trading Wednesday, after a mixed U.S. session on doubts over the timing of a fresh stimulus program. Futures on the S&P 500 edged up after the gauge finished well off session highs. Earlier, tech shares led the Nasdaq Composite lower. USD continued the slide as EUR was boosted […]

  • Daily Commodity Outlook, July 21 2020

    Asian stocks went much higher on Tuesday following a strong session in the U.S. led by tech stock rally. The market seems pretty convinced that another stimulus plan will be passed in the U.S. On the virus front, a vaccine in development by the University of Oxford and AstraZeneca showed promising results in early human […]

  • Daily Commodity Outlook, July 20 2020 

    Asian stocks were mixed on Monday as investors mulled on the possibility of more fiscal stimulus plans from the EU and U. The EU summit shows that the leaders are haggling over a plan to further stimulate the economies.  In the United States, the Congress is set to begin debating a new aid package this […]

  • Daily Commodity Outlook, July 17 2020 

    Asian stocks were mixed Friday amid signs of fragility in the U.S. tech rally and ongoing  U.S.-China tensions. On Thursday, Netflix Inc. earnings gave a downside surprise, which dampened the worries on the sustainability of the tech rally in the U.S. stock market. Nasdaq and S&P 500 futures edged up though. USD held onto gains […]