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News Last Week
- The Federal Reserve has raised interest rates by 0.25%, causing a ripple effect in global markets. The move is in response to rising inflation and aims to stabilize the economy. The decision has led to mixed reactions, with some analysts predicting a slowdown in economic growth.
- Major tech companies, including Google and Amazon, have reported strong Q1 earnings, beating market expectations. This has led to a surge in their stock prices, contributing to the overall bullish trend in the tech sector.
- The cryptocurrency market has experienced a significant crash, with Bitcoin dropping by 20% in a single day. The crash is attributed to regulatory concerns and market volatility. This has led to a sell-off, causing panic among investors.
- Oil prices have surged due to escalating tensions in the Middle East. This has led to concerns about potential supply disruptions, causing a spike in global oil prices.
- China's economy has shown signs of slowing down, with the latest GDP figures falling short of expectations. This has raised concerns about the global economic outlook, given China's significant role in the world economy.
- Tesla is facing regulatory scrutiny over safety concerns related to its autopilot feature. This has led to a drop in Tesla's stock price, adding to the challenges faced by the electric vehicle manufacturer.
- Gold prices have risen amid market uncertainty caused by geopolitical tensions and economic instability. Investors are turning to gold as a safe haven, leading to an increase in its price.
- Apple has announced new investments in renewable energy projects. This is part of the company's commitment to achieving net-zero emissions by 2030. The announcement has been well received by investors and environmental activists alike.
- Morgan Stanley announced its intent to reduce approximately 7% of its Asia-Pacific investment banking workforce, amounting to roughly 40 jobs. This decision was made in response to current market conditions and as part of a larger initiative to cut expenses.
- Global deal-making activity has noticeably slowed, with corporate buyout activity hitting a ten-year low in Q1 2023.
- Despite an increase in consumer spending, large companies like Home Depot reported a decrease in sales, contributing to market instability.
- The potential of the US defaulting on its bills, due to the approaching debt ceiling deadline, caused widespread market concern.
- Positive developments also occurred, including the announcement by House Speaker Kevin McCarthy about a potential vote on a debt-ceiling deal, causing a surge in stocks.