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 Market Focus   ISM Manufacturing PMI rose to 52.6 from previous 43.1, beating estimate of 49.5. The printed figure was the highest number recorded in a year. ADP’ private-sector jobs rose by 2.369 million in June, ADP Research Institute vice president said “as the economy slowly continues to recover, we are seeing a significant reboundContinue Reading

Daily Market Analysis Market Focus   US benchmarks ended higher on Tuesday, seeing off the best quarter for Wall Street since 1998. The S&P 500 gained 1.5% to 3,100 while the Dow Jones Industrial Average added 0.9%, which is equivalent to 217 points, and hit 25,812. Lastly, the Nasdaq Composite rallied 1.9% to finish theContinue Reading

Market Focus   Total death toll worldwide has surpassed 500,000 and confirmed cases exceeded 10 million. WHO warned that the worst scenario has yet to come. European Union governments is considering extending a travel ban for US residents for at least two weeks. On the other hand, several US states decided to halt plans toContinue Reading

Daily Market Analysis Market Focus   Toward the end of trading Friday, the Dow traded down 2.72% to 25,044.16 while NASDAQ dropped 2.18% to 9798. Additionally, the S&P 500 also fell 2.19%, hitting 3016.20. The main driving force for the poor Wall Street indexes performance is still the accumulating new COVID-19 cases; currently, the USContinue Reading

Market Focus US Initial Jobless Claims printed 1.48 million in the week ended June 20. This figure came below forecast of 1.3 million, nonetheless recorded a 13th consecutive weekly declines since April. GDP stayed put at -5% for the first quarter, the lowest reading since June 2009. May’s Core Durable Goods Orders rebounded to 4%Continue Reading