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High risk, higher reward. Ukrainian debt has become an up-and-coming popular investment choice due to positive developments in the country's economy, driven by fear of civil war in Russia. Ukraine's sovereign dollar bonds outperformed other emerging markets, delivering a return of over 30%. These gains were concentrated in the same month as Ukraine initiated its counteroffensive, making steady advances despite slow progress. Corporate bonds and debt warrants linked to GDP growth in Ukraine also yielded impressive returns. Additionally, the International Monetary Fund raised its growth forecast for Ukraine, citing the country's resilience in rebounding from Russian attacks on critical infrastructure. Although it's still risky, the increasing apparent risk in the Russian power structure offsets the risk of Ukraine's annexation.
EQUITY
U.S. stock indexes bounced back on Tuesday thanks to a slurry of positive economic data. Reports showed surprising growth in key sectors like manufacturing and housing, as well as increased consumer confidence. Notable performers included Microsoft, Apple, Amazon, Tesla, and Nvidia. On the other hand, Walgreens Boots Alliance lowered its profit forecast on lower COVID test kits and vaccine demand, making it the biggest loser.
GOLD
Gold prices are currently running at a three-month low as economic data shows positive signs in the overall economy. The Fed's recent stance on tightening monetary policy has also dashed hopes of a rate cut in the near future. Technically, the historical price chart shows a solid double bottom that may be the end of its downtrend streaks.
OIL
Oil prices fell 2% on Tuesday on interest rate concerns, although data showed a larger-than-expected drop in US crude and gasoline inventories while energy-demanding sectors are showing positive growth. Investors also awaited China's industrial profit data to assess the strength of the world's second-largest economy.
CURRENCY
The dollar index declined on positive economic data that swayed investors into equity, while the euro strengthened on hawkish comments by ECB President Lagarde. The dollar partially recovered after reports showed an unexpected rise in durable goods orders and increased consumer confidence. The Japanese yen keeps weakening against the dollar amid speculation of possible intervention by the Bank of Japan.
Visit our website: https://goldenbrokers.my/en/daily-market-news-615
EQUITY
U.S. stock indexes bounced back on Tuesday thanks to a slurry of positive economic data. Reports showed surprising growth in key sectors like manufacturing and housing, as well as increased consumer confidence. Notable performers included Microsoft, Apple, Amazon, Tesla, and Nvidia. On the other hand, Walgreens Boots Alliance lowered its profit forecast on lower COVID test kits and vaccine demand, making it the biggest loser.
GOLD
Gold prices are currently running at a three-month low as economic data shows positive signs in the overall economy. The Fed's recent stance on tightening monetary policy has also dashed hopes of a rate cut in the near future. Technically, the historical price chart shows a solid double bottom that may be the end of its downtrend streaks.
OIL
Oil prices fell 2% on Tuesday on interest rate concerns, although data showed a larger-than-expected drop in US crude and gasoline inventories while energy-demanding sectors are showing positive growth. Investors also awaited China's industrial profit data to assess the strength of the world's second-largest economy.
CURRENCY
The dollar index declined on positive economic data that swayed investors into equity, while the euro strengthened on hawkish comments by ECB President Lagarde. The dollar partially recovered after reports showed an unexpected rise in durable goods orders and increased consumer confidence. The Japanese yen keeps weakening against the dollar amid speculation of possible intervention by the Bank of Japan.
Visit our website: https://goldenbrokers.my/en/daily-market-news-615
