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Global Market Quick Take: Asia – January 22, 2024
The S&P 500 surged to a fresh record high with tech stocks being the key driver, as UoM survey pointed to soft landing with strong sentiment and easing inflation expectations, and these hopes could be bolstered this week as we get US GDP and PCE. On the earnings front, focus shifts to Netflix and Tesla. China pessimism on watch as loan prime rate announcement is due today, and focus will shift to Bank of Japan tomorrow. Dollar ended the week higher. table US Equities: The tech-heavy Nasdaq 100 surged 2%, reaching a record high at 17,314 on Friday. The broader market benchmark, S&P500 Index gained 1.2% to 4,840, ... (full story)