Weekly:Fed Holds, Hormuz Reopens: Tech Rallies, Oil Crashes, BoJ Hits 31-Year High
Last Week's Recap 1. Weekly Market Digest: Peace Deal Rally, Warsh's Hawkish Hold, PPI Shocks, Oil Crashes Peace deal — U.S.-Iran peace agreement reopened the Strait of Hormuz; NASDAQ +2.43%, S&P 500 +0.93%. Tech/semis surged double-digits; SpaceX ($SPCX) jumped ~20% in its second trading day. Fed debut — Warsh's first FOMC held rates steady but left the door open for late-2026 hikes; press conference spooked markets Wednesday (S&P -1.4%, NASDAQ -1.5%), with a partial Thursday rebound ahead of the holiday weekend. PPI shock — Wholesale prices rose 1.1% MoM, crushing the 0.7% consensus and reigniting inflation fears. Bond swings — 10-year Treasury yield traded around 4.48% early week before settling near 4.46%; the 2-year climbed 15bp as markets repriced Fed expectations post-meetin
Weekly：S&P 500 Streak Snapped, Jobs Hot, SPACE X IPO Opens
Last Week's Recap 1. Weekly Market Digest:S&P 500 Streak Snapped, Jobs Hot, Yields Spike, Bitcoin Crashes Streak snapped — S&P 500 broke its 9-week win streak, down ~2.5%; NASDAQ plunged 4.7%, Dow slipped 0.2% on a Friday semi sell-off. Jobs momentum — May added 172,000 jobs, beating consensus for a third straight month; 3-month average hit 188,000, strongest since March 2024. Yields rise — 2-year Treasury spiked to 4.16% (from 4.00%), leading a bond sell-off on the hot jobs data. Rate hike outlook — CME FedWatch: ~72% odds of Fed hikes by year-end (25bp–75bp), 27% no change, <1% chance of a cut. Bitcoin decline — Crashed ~18% to ~$60,000, lowest since September 2024; well below the $82,000 May peak and $126,000 record. Inside Q1 earnings — S&P 500 Q1 earnings up 28.6% YoY,
May.25-29 Weekly: S&P 500 Extends 9-Week Rally While Oil Crashes and Inflation Refuses to Cool
Last Week's Recap 1. Weekly Market Digest: S&P 500's 9-Week Run, PCE Inflation Hot, Oil Crashes Pushing higher — S&P 500 ninth straight weekly gain; NASDAQ +2.4%, S&P +1.4%, Dow +0.9%. Price pressures — April PCE inflation at 3.8% annual rate (highest since May 2023); core PCE 3.3%. Oil pullback — Crude fell for a second straight week on U.S.-Iran talks, down nearly 10% for the week to ~$88; roughly 16% lower for May. May's momentum — NASDAQ +8.4%, S&P 500 +5.1%, Dow +2.8% in May, though short of April's double-digit gains. GDP downgrade — Q1 GDP revised down to 1.6% (from 2.0%) on weaker consumer spending and investment. Rising expectations — Analysts raised Q2 S&P 500 earnings estimates by 2.5% in April/May, per FactSet; results begin mid-July. East Asian rally — Sout
Last Week's Recap 1. Weekly Market Digest: S&P 500's 8-Week Run, Yields at Multi-Year Highs, Mag 7 Earnings Crush, Oil Tumbles Record run — S&P 500 logged its eighth straight weekly gain (longest since late 2023), though the Dow outperformed by hitting a new all-time high. Bond volatility — 30-year Treasury yield spiked to 5.18% (highest since 2007) on Tuesday before easing; 10-year closed at 4.56%, a 12-month high. Mag 7 earnings — The Magnificent Seven averaged 63% Q1 earnings growth vs. 17% for the rest of the S&P 500, per FactSet—best quarter in nearly six years. Oil pullback — Crude topped $108 then slid below $100 as Middle East talks continued, ending the week down over 4% near $97. Sinking sentiment — Michigan consumer sentiment hit a record-low 44.8 in May, the third s
The $400 million UK fraud fee was beyond market expectations and also led to a larger-than-expected increase in credit loss (ECL) in the first quarter $滙豐控股(00005)$
Relief Rally Weekly: Stocks Snap 5-Week Slide as Oil Surges to $112; Earnings Season Kicks Off
Last Week's Recap 1. U.S. Market Summary: Stocks Snap 5-Week Slide as Oil Surges to $112 Relief rally: Major U.S. indexes gained 3–4% last week, snapping a five-week losing streak. Resurgent oil: U.S. crude climbed to ~$112/barrel Friday—highest since mid-2022—amid escalating Strait of Hormuz tensions. Golden rebound: $Gold - main 2606(GCmain)$ recovered March losses, rising nearly 4% to trade around $4,700 on last friday. Yields reverse course: Treasury yields slipped after four weeks of gains that pushed 10-year rates to eight-month highs. March decline: $S&P 500(.SPX)$ and $NASDAQ(.IXIC)$ fell ~5% in March for back-to-back monthly losses;
HSBC Holdings plc (HSBC) is a banking and financial services company. Its business segments include Hong Kong, UK, Corporate and Institutional Banking (CIB), and International Wealth and Premier Banking (IWPB). Its Hong Kong business comprises retail banking and wealth and commercial banking of HSBC Hong Kong and Hang Seng Bank. Its UK business comprises UK retail banking and wealth (including first direct and M&S Bank) and UK commercial banking, including HSBC Innovation Bank. The CIB segment is formed from the integration of its commercial banking business (outside the UK and Hong Kong) with its global banking and markets business. The IWPB segment comprises premier banking outside of Hong Kong and the UK, its global private bank, and its asset management, insurance and investment distribution businesses. Its customers worldwide through a network covering 58 countries and territories. Its customers range from individual savers and investors to companies, governments and others.
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Annual Report
Annual Report and Accounts 2025 (with employee share plans)