Global markets witnessed a mixed trend.

Global markets ended with a mixed trend for the week. However, tech shares are outperformed globally. Nasdaq-100 Index is outperformed within the US region. Nasdaq has surged nearly 60% since a recent low March 23, owing in part to strong results from a handful of high weighting technology stocks.

The European Indexes are in mixed trend and ranged between -1 to +1 per cent as a weekly movement. Shanghai composite index is outperformed within the APAC region and performed a weekly gain of above 7%. Australian Index ASX-200 ended negatively around 2%.

Despite the record number of new cases of the coronavirus pandemic, the headlines about vaccine development provided a positive catalyst to the market.

 Oil ended with a minor weekly loss of -0.65%. However, it maintains to stay above $40 for 5 weeks in a row. Gold closed with the marginal weekly gain of around 0.21% and expected to be a minor downtrend over the period.

We expect the global markets to be entered into a sideways region or a minor downturn for a near term considering the low expectations of corporate earnings despite the continuous stimulus packages.  The US corporate earnings are expected to drop 44% compared with last year’s second quarter. The Major banks will start to report the quarterly result on this Tuesday.

Sentiment Analysis

The figures illustrate the mixed news sentiment trends for all three regions globally. However, the US indexes are showing an uptrend in sentiment compared to the other two Nasdaq is expected to remain neutral or a reversal to the minor downtrend in coming days.

The indexes FTSE1-100 and FTSE-MIB from European regions showing negative in news sentiment trend. Whereas Japan, Hongkong and China Indexes are showing a positive trend. KOSPI Index is remained to be negative in sentiment trend.

Companies earning report releases through this week, Important economic data include inflation on Tuesday, retail sales on Thursday, and housing starts on Friday are the factor for this weekly market. However, still, the Covid-19 is in the driver seat.

Buy & Sell Signals

The below table showing the buy/sell signals generated based on InfoTrie’s proprietary Investment/ Trading models. These models are developed with the combination of technical, fundamental, quantitative techniques and primarily the news-based sentiment score as an additional overlay.

I have tabulated the random signals from several InfoTrie’s Trading/Investment models.

The news sentiment score provides significant improvement, significant “Alpha” compared to the traditional investment/trading models.

 For more details on the analysis, accessing complete tear sheets or white paper for the models, subscription details for News Sentiment data and other consulting works please contact us with the information provided below.

InfoTrie Financial Solutions Pte Ltd, Singapore

Sureshkumar Ramani +65 93376035

Frederic GEORJON +33 (0)6 1304 0600


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