Last Week's Recap 1. U.S. Market Summary: Rally as Middle East tensions ease and oil plummets 13% Stock surge – Major U.S. indexes jumped 3–5% on easing Middle East tensions and a 13% weekly drop in oil prices. Two-week rebound – Nasdaq gained ~9%, S&P 500 ~7%, and Dow ~6%, erasing March losses. Inflation hot – CPI hit 3.3% YoY, well above the Fed’s 2% target. Oil plunges – Crude fell to ~$96/barrel (down 13% weekly) from a March 9 intraday peak near $119. Gold rallies – Prices rose for a second straight week to ~$4,800/oz, recovering March losses. GDP cut – Q4 growth revised down to 0.5% (from 0.7% in March and 1.4% initially). Sentiment drops – UMich consumer sentiment fell to 47.6 in April (from 53.3 in March). Earnings outlook – Q1 S&P 500 profit growth forecast lowered to 12.6
Weekly | Hot HK IPOs Are Back! Making Money Effortlessly With IPOs?
Hong Kong stocks were weak this week, with $HSI(HSI)$ retreating for four consecutive days and losing 2.84%.On Friday, the Bureau of Statistics revealed that the May Manufacturing Purchasing Managers' Index (PMI) stood at 49.5%, down 0.9% from the previous month.Mainly due to the high base formed by earlier rapid growth in the manufacturing industry and insufficient effective demand, the sentiment level in the manufacturing sector has declined somewhat.In terms of sectors, real estate and healthcare were still the biggest losers this week:With Hong Kong stocks taking a breather, southbound funds bought in a whopping HK$29.7 billion this week!Despite the sluggish market, new listings stole the show. Three IPOs this week, including
EDA Group Holdings Ltd is an investment holding company principally engaged in the provision of first mile international freight services and last-mile fulfilment services. The Company’s main business is engaged in providing logistics technology services powered by artificial intelligence for e-commerce sellers, which encompass cross-border logistics, overseas warehousing and fulfillment delivery services. The Company has integrated these services into the software as a service (SaaS) Platform, EDA Cloud platform, a self-developed cloud platform which houses a comprehensive range of digital supply management tools. The Company conducts its business in the domestic and overseas markets.