BoA has tracked signs of the upcoming stock market sell-off. While more expensive and at-risk stocks are set to fall, value stocks should survive.
Asian equities rise as North Korea tensions face new sanctions phase
On Tuesday, Asian equities managed to gain because market participants monitored the Korean peninsula for probable reaction by Pyongyang to newly-imposed UN economic sanctions.
The Nikkei 225 rallied 1.05%, the Kospi in South Korea reported 0.12% jump. Additionally, in Australia, the S&P/ASX 200 rallied 0.72%. As for the Shanghai Composite, it soared 0.07%.
The fresh UN sanctions on crude exports to North Korea happen to be relatively moderate especially compared with the authentic US proposal as for crude exports. So it can hardly affect the operations of the North Korean military, as some experts state.
Overnight, American equities concluded steeply higher because the fallout from Hurricane Irma didn’t happen to be as terrible as anticipated after on Monday Irma was downgraded to a tropical storm, while relieving geopolitical uncertainty on the Korean peninsula backed market sentiment.
On Saturday, the US Food and Drug Administration approved Johnson&Johnson’s vaccine for emergency use against Covid-19. Will JNJ rise?
The giant chip maker exceeded analysts’ expectations. Even with a global GPU shortage!
Great news for oil bulls! OPEC and its allied producers agreed to expand output cuts for the next month.
The USD skyrocketed after Fed Powell’s speech. OPEC and allied producers agreed to extend production cuts for another month. Oil surged.
The European Central Bank publishes its monetary policy statement that includes an announcement of the interest rate on March 11, at 14:45 MT time.