fbpx

Beware of fraudulent websites impersonating us. Verify website URLs and legal entity details. Avoid unsolicited emails and report suspicious activity.
Your safety is paramount. Thank you for your attention and cooperation. See more details​

12th September 2022 Market Updates

FPG Fortune Prime Global Overnight headlines 

Overnight headlines 
The yield on the US 10-year note decreased by 1 basis point to 3.31 percent. 

All three major Wall Street benchmarks saw gains on Friday in New York, marking the first up week in four. 
The head of technical strategy at Fundstrat Global, Mark Newton, declared that he is positive at the moment.  

“It still seems extremely premature to fade the bullish follow-through, which looks set to continue through next Tuesday/Wednesday. One cannot rule out a greater push higher if CPI figures reveal decreasing headline inflation on declining gas prices, even though this rally is likely to reach 4125–4150 at a minimum.  

However, longer-term investors may prefer to wait for weakness in the second half of September before buying dips in October. We do not anticipate this surge to continue nonstop throughout the month. 

On Friday, the S&P 500 ended at 4067. 

Market movements 
AUD increased 1.4% to 68.46 US cents 
The Dow increased by 1.2%, the S&P 500 increased by 1.5%, and the Nasdaq increased by 2.0% on Wall Street 
Spot gold up 0.5% in New York to $US1716.83/oz. 
Brent crude increased 3.6% to US$92.32 per barrel 

US 3.31% Australia 3.55% Germany 1.69% 10-year yield 

Today’s agenda 
Local: NZ net migration 
The latest consumer confidence data, NAB business survey results, and reports on inflation forecasts are scheduled for Tuesday, Thursday, and August’s labour force statistics, respectively. Monday is expected to be a quiet day. 
No overseas data 

The newest consumer mood data from the University of Michigan will be issued on Friday, while the US will disclose the August CPI on Tuesday at 10.30 p.m. The Bank of England has postponed its policy meeting one week, till September 22.

FPG Live Support

Welcome to FortunePrime Live Support.
Please select how you would like to be contacted.

WeChat: FPG_01

Please add the WeChat FPG_01, or scan the QR code.

WeChat: FPG_01

Please add the WeChat FPG_01, or scan the QR code.

WeChat: FPG_01

Please add the WeChat FPG_01, or scan the QR code.