Let the Money Talk

Please note that today 13 December, will be the last day of our Morning Note for 2021.  We will resume Morning Note in January 2022. Thank you!

Stock futures held steady in overnight trading Sunday after the S&P 500 notched its best week since February at a fresh record close, rebounding from a big sell-off triggered by fears of the Omicron COVID-19 variant. The Dow Jones Industrial Average futures traded 35 points higher. S&P 500 futures inched up 0.1% and Nasdaq 100 futures were flat. The overnight action followed a strong week on Wall Street as investors shrugged off a hot inflation reading. The blue-chip Dow gained 4% last week, breaking a four-week losing streak with its best weekly performance since March. The S&P 500 and the Nasdaq Composite jumped 3.8% and 3.6%, respectively, last week, both posting their best weekly performance since early February.

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Welcome to the Let the Money Talk podcast.

In this episode, Phillip Securities Research's senior analyst, Terence Chua, reports BRC Asia 4Q21 results that beat our estimates. We revise our profit for FY22 higher by 39%.

Listen to this podcast to learn more about the latest corporate updates. Alternatively, visit www.stocksbnb.com for the full report.

Wall Street closed higher on Wednesday for the third straight session amid positive sentiment about the effectiveness of three-dose vaccinations against the newest Covid-19 strain. Markets have faced volatility recently due to concerns about the possible impact of the Omicron variant, as well as the expectation that the Federal Reserve and other major central banks will tighten monetary policy sooner than expected. The major US indexes were in the red for much of the trading session but rallied late to close higher. The Dow Jones Industrial Average added 0.1 per cent to finish at 35,754.75.

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Wall Street stocks rallied for a second straight session Tuesday as investors cheered early indications that the latest Covid-19 variant may be less severe than earlier rounds. The tech-rich Nasdaq Composite Index, which lagged other major indices Monday, led with a three per cent jump to 15,686.92. The Dow Jones Industrial Average climbed 1.4 per cent to 35,719.43, while the broad-based S&P 500 gained 2.1 per cent to 4,686.75. After worries about the Omicron variant pushed major indices into the red last week, stocks have been on the rise this week as fears of a worst-case scenario ebb. Top US scientist Anthony Fauci told AFP that while Omicron is highly contagious, "it almost certainly is not more severe than Delta."

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Stock futures edged up in overnight trading on Monday after a rebound from a rollercoaster week as investors looked past the potential impact from the new omicron coronavirus variant. Futures on the Dow Jones Industrial Average rose 40 points. S&P 500 futures and Nasdaq 100 futures both gained about 0.1%. The overnight session followed a comeback on Wall Street that saw the blue-chip Dow gain nearly 650 points. The S&P 500 jumped 1.1% on Monday with all 11 sectors registering gains. The Nasdaq Composite reversed higher to end the day up 0.9%. The rally was led by travel-related stocks such as airlines and cruise line operators.

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S&P 500 futures were higher even after a losing week on Wall Street as investors ditched equities amid concerns over the new omicron Covid variant and the Federal Reserve’s move to tighten policy. Nasdaq stock futures were the underperformer on Sunday following a big drop in bitcoin over the weekend and as investors continued to rethink owning tech stocks with high valuations. Futures contracts tied to the Dow Jones Industrial Average gained 124 points, or 0.4%. S&P 500 futures were 0.3% higher. Nasdaq 100 futures hovered around the flatline. The Dow and S&P 500 fell 0.17% and 0.84%, respectively, on Friday. The Nasdaq Composite was the underperformer, sliding 1.92%.

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Asian stocks looked set for a mixed start Friday amid easing concerns over the omicron virus strain but hurdles for Chinese technology firms. Treasury yields rose after comments from Federal Reserve officials.

Australian equities advanced and futures pointed higher for Japan. Hong Kong contracts slipped after a slide in Chinese shares traded in the U.S. over the risk of delisting for flouting disclosure rules.

Dip buyers bolstered U.S. stocks sensitive to the economic outlook, fueling the S&P 500’s best day since October in a choppy week. U.S. futures fluctuated.

Treasuries slid and the yield curve flattened after Fed officials laid out the case for a faster stimulus removal to curb inflation. The dollar was steady.

In the oil market, OPEC+ proceeded with a scheduled output hike but left room for quick adjustments if the pandemic changes the outlook. Crude rallied.

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Asian stocks look set to fall Thursday after a sharp reversal in U.S. shares on concerns about risks from the omicron strain and as Jerome Powell reiterated a pivot toward potentially tapering stimulus more quickly.

Australian equities dropped and futures for Japan and Hong Kong pointed lower, while U.S. contracts edged up. The S&P 500 posted its worst two-day selloff since October 2020 after erasing a near-2% rally to slide into the close. The technology-heavy Nasdaq 100 underperformed.

Markets were jolted by the first confirmed U.S. case of the new variant, whose emergence has brought fresh challenges for economic reopening. At the same time, Federal Reserve Chair Powell reiterated officials should consider a quicker reduction of monetary stimulus amid elevated inflation.

The 30-year Treasury yield fell to its lowest level since January. Risk aversion bolstered the dollar. An index of Chinese shares traded in the U.S. slid as Beijing’s plan to close a loophole tech firms use to list abroad hit sentiment.

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Welcome to the Let the Money Talk podcast.

In this episode, Phillip Securities Research's analyst, Vivian Ye, reports LHN Limited FY21 Results: Tapping into evolving real-estate trends. FY21 PATMI increased 16% YoY although revenue was lower due to streamlining of operations.

Listen to this podcast to learn more about the latest corporate updates. Alternatively, visit www.stocksbnb.com for the full report.

Welcome to the Let the Money Talk podcast.

In this episode, Phillip Securities Research's analyst, Jonathan Woo, discusses the report on Alphabet Incorporation's initiation - Growth engine with monopoly power. Continued revenue growth with widening net margins. Capitalizing on shifts in macro trends in digital advertising, and increased adoption of cloud services.

Listen to this podcast to learn more about the latest corporate updates. Alternatively, visit www.stocksbnb.com for the full report.