Does more sobriety await stocks again this week?
THE twinkle-less mood that gripped the stock market for much of last week could echo back into this week's trading as the corporate earnings season roll on and unresolved anxieties continue to haunt investor sentiments.
Wall Street could barely keep its spirits high last Friday after ending on a flat note amid a release of mixed results from big corporates; the deadbeat performance could give the local bourse an additional reason to stay dull this week.
Noteworthy is that US equities have been trading in a tight range for months weighed by concerns over the dollar, expectations of a Federal Reserve rate hike in December, oil prices and the US Election Day on Nov 8.
Last week wasn't quite uneventful as far as market-moving events go and yet, the stock market's nonchalance rendered these events passable when they…
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
TSMC posts first profit growth in a year after global AI boom
Latest Singapore one-year T-bill offers cut-off yield of 3.58%
Huawei starts sales of new Pura 70 smartphone amid scrutiny on chips
Binance converts its billion-dollar ‘Safu’ emergency fund into USDC
BHP to decide on future of nickel business by August, trims met coal estimates
South Korea’s LG Electronics plans to raise up to US$1 billion with dollar bonds: sources