There was a mixed movement in the global market by the mixture effect of positive economic data and the rising inflation concerns.  The rally on Thursday offsets the early losses in the first three trading days of the week. The U.S. benchmark indexes traded a range between -0.5% to 0.3%. The tech stocks outperformed the S&P-500 stocks. The below chart illustrated the U.S labour market gains this week.

U.S unemployment_2021-05-24-Mixed Movement in the Global Market

The shares in the European market rose modestly, about 0.02% to 0.8%. The London Index FTSE-100 declined about -0.36%. The market has no clear direction on the optimistic signs of the economic rebound due to the ease of Covid restrictions and the worry of inflation.

Despite the international pressure, most APAC benchmark Indexes closed with a positive 0.1% to 3.39%. India’s Nifty-50 Index outperformed. China’s Shanghai Composite Index CSE-50 closed below modestly, about -0.11%.   In the fixed income market, yields on Chinese bonds fell following disappointing April economic data.

Weekly market movement

Underlying_2021-05-24-Mixed Movement in the Global Market

Gold rose significantly, about 2%, as a weekly gain. The U.S Oil declined nearly -2.76% on stricter Covid-lockdowns imposed in several parts of India. Bitcoin dropped more than     -20% as a weekly loss on concerns over the potential for tighter cryptocurrency regulation in the United States, China. Refer (https://coinmarketcap.com/currencies/bitcoin/news/).

Sentiment Analysis

The below figures shows the news and social media sentiment trend for the week. There was a mixed movement in the global market. The global news sentiment trend is continuing to be the mixed direction for the week. The sentiment trend for the U.S benchmark remains neutral mode.

The European benchmark Indexes are in the mixed direction of sentiment trend. The Indexes DAX-30 and CAC-40 show the neutral outlook in sentiment direction. The London Index FTSE-100 turns into a modest downward trend in sentiment. On the other hand, the Italian Index FTSE-MIB showing solid bullish momentum in sentiment direction.  

The neutral view dominated the sentiment direction of the primary APAC benchmark indexes. The Hongkong Index HSI-50 is showing a strong downtrend. On the other side, India’s Nifty-50 is in the bullish trend in sentiment direction despite the curfew in several parts.

Sentiment Trend Chart

Sentiment Chart_2021-05-24-Mixed Movement in the Global Market

The following critical economic data refer to https://www.fxstreet.com/economic-calendar, including GDP, building permits, and the Core PCE deflator.

Sentiment Values

Sentiment Table_2021-05-24-Mixed Movement in the Global Market

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.

Buy_Sell_2021-05-24-Mixed Movement in the Global Market

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

Read our previous blog posts. Want to access our data? Try our API or access our FinSentS platform

contact@infotrie.com
Suresh Kumar Ramani +65 9337 6035
Frederic GEORJON +33 (0)6 1304 0600


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