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Weekly Market Updates - September 19th
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Weekly Market Updates


US markets were trading flat for the week as the markets continued to search for bullish or bearish factors for the next major move.


The Dow Jones Index edged into the green while the S&P 500 and NASDAQ composite index dipped into the red. US stocks are still trading on the high side with a potential market pullback in play.


MKT   0919


European markets, particularly the UK were the major winner of last week as oil prices shifted to this year’s high, sparking renewed interest in the oil majors. Oil prices have largely been driven by a supply crunch this year paired with the Russian-Ukraine war seemingly having no end in sight.


Asian markets were not better off as most of the bourses ended with a loss despite a minor one. Asian markets were initially bolstered by Country Garden repayments and subsequent Chinese support policies, but investors are still waiting for more aggressive support before tilting back into risk assets.


标准普尔500指数-3年走势
香港恒生指数-3年走势
海峡时报指数-3年走势

Main Index & P/E Ratio-3 years


On the upside, Chinese Consumer Price Index (CPI) inflation data came out at 0.1% year-on-year (YoY) for August 2023, sparking relief with investors as it’s a rebound from a deflationary -0.3% in the previous month.



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Investment views


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