Stocks Closed Higher With The Mixed Global Sentiment!
Most global stocks closed higher, about 1%, for the week and move to new highs as earnings seasons begins. The U.S retail sales also soared 9.8% compared with Feb 2021. Most of the top benchmarks Indexes recorded their fourth consecutive week of gains, and the U.S Industrial Index Dow-30 surpassed 34,000 for the first time.
The 10-year U.S. Treasury bond yield fell to 1.57%, down from a recent high of 1.74% on March 31. The Cboe Volatility Index VIX fell for the fourth week in a row to the lowest level. Quarterly earnings of companies in the S&P 500 expected to rise around 30% as of Friday.
Most European stocks rose in hopes of a strong recovery in the global economy and corporate earnings, despite a resurgence in coronavirus infections. The primary benchmark Indexes closed higher, about 1.29 % to 1.91 %, as a weekly gain. The French Index CAC-40 outperformed. The U.K. economy grew 0.4% in February, and the economic slowdown is revised to 2.2 % from its 2.29 % contraction on Jan-2021, helped by an uptick in factory output and retail & wholesale sales.
The APAC benchmark continues to close with the mixed directions. The Indexes Kospi-100, ASX-200 and HangSeng closed higher for the week. Simultaneously, the Indexes Nikkei-225, Nifty-50 and Shanghai Composite were closed with a red mark. China recorded an 18.3% jump in first-quarter GDP growth as the world’s second-largest economy extended its strong recovery from the pandemic.
Weekly market movement
Gold closed higher, about 2 %, as U.S. bond yields plunged. Crude price surged nearly 6% as a weekly gain on the International Energy Agency (IEA), and OPEC upwardly revised their global oil demand growth forecasts for 2021 last week. The funding rate of Bitcoin dropped to a level unseen since September 2020, signalling fear in the market as the price of Bitcoin plummeted below $52,000 on April 18. (https://coinmarketcap.com/currencies/bitcoin/news/)
The below figures shows the news and social media sentiment trend for the week. The U.S stocks closed higher for the week despite the negative sentiments. The sentiment trend for the indexes turned in a positive direction. However, The Dow-30 remains neutral in the sentiment direction. But the overall global sentiment trend still in mixed orders.
The European key indexes Dax-30 and CAC-40 turn in to a bearish mode in the sentiment direction. The Indexes FTSE-100 and FTSE-MIB were neutral.
The most primary APAC benchmark indexes continuing in negative sentiment trend. However, the Australian Index ASX-200 tun into a bullish trend in sentiment direction. The Index Nifty-50 is in neutral mode.
Sentiment Trend Chart
Note: The sentiment scores applied as an additional overlay to your existing models to further improve performance.
Buy & Sell Signals
The below table shows the buy/sell signals generated based on InfoTrie’s proprietary Investment/ Trading models. These models developed using technical, fundamental, quantitative techniques and 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 a 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 below.
InfoTrie Financial Solutions Pte. Ltd.
Alternative Data, Sentiment Analysis, Financial I.T. and A.I. Consulting
Suresh Kumar Ramani +65 9337 6035
Frederic GEORJON +33 (0)6 1304 0600