Weekly Market Updates - October 17th


Weekly Market Updates

US markets were trending up at the start of last week as the US Federal Reserve's (Fed) attitude from its minutes report towards raising interest rates turned slightly dovish, but then market reversal wiped out most of the gains after the release of economic data surrounding rebounded PPI and the weak Consumer Confidence Index.

NASDAQ composite remained the only detractor for last week as growth stocks suffered. Investors are still paying close attention to the movement of interest rates and are concerned about the extended period of high-interest rates.


The escalated Israeli-Palestinian conflict brought more uncertainties to the current market. During this unstable period, we believe the Fed will choose to maintain the current interest rate as the US economy still seems stable with US banks' third-quarter financial reports showing impressive performance. Still, any further geopolitical escalation pertaining to the Israeli-Palestinian conflict will likely weigh global markets down.


Main Index & P/E Ratio-3 years

The European economy may potentially fall into stagflation with high inflation and slower economic growth. Though investors widely expected the European Central Bank (ECB) to stop interest rate hikes in October 2023, the ECB President Christine Lagarde expressed hawkish remarks over the weekend citing elevated rates due to persistent inflation and high wage growth.

The Eurozone will no doubt be a tough place to navigate given the possibility of rising energy prices stemming from an escalated Israeli-Palestinian conflict paired with global uncertainties both in the US and Asian regions.


Brent crude oil price increase in 2023

Chinese markets remained sluggish though the government continues to introduce minor policies to support economic development. Current bolster policies are still deemed insufficient by market participants. Confidence is currently most needed in the market as the previous actions didn’t awaken the markets with the real estate sector still being the major concern of the market.

Country Garden is now in the spotlight after the debt crisis and failure of Evergrande. We remained cautious about the Chinese market even though valuations are cheap. Single stocks are not highly recommended, but indexes could be a consideration out of investment diversity and the belief that the government will eventually step in to rescue the economy.

Investment views



1. 本文所包含的任何信息均不构成购买或出售任何产品或金融产品、进行任何投资或参与任何特定交易策略的要约(或招揽)。

2. 我们未考虑您的个人投资目的、具体投资目标、具体需求或财务状况,也没有做出任何陈述,也不对本文所提供信息的准确性或完整性承担任何责任。

3. 任何意见表达(或未经通知而更改)都是作者的个人行为,且作者无法保证任何信息和/或分析的准确性和/或完整性。

4. 我们,包括作者,不就按照理解的建议、预测和任何其它信息进行投资造成的任何损失承担责任。本文的内容不应被理解为您根据本文所含信息可获利或者您不会遭受损失的陈述或保证(无论明示还是暗示)。

5. 在您做出任何投资决策前,应仔细考虑自身风险偏好,并在必要时寻求独立的理财建议。

6. 除非另有明文规定,作者的作品归我们拥有,未经我方事先书面同意,不得抄袭、复制、传播、显示、分发、转载、更改和保存供以后使用或以其他方式全部或部分使用。


1. None of the information contained herein constitutes an offer (or solicitation of an offer) to buy or sell any product or financial instrument, to make any investment, or to participate in any particular trading strategy. 

2. We did not take into account your personal investment objectives, specific investment goals, specific needs or financial situation and make no representation and assume no liability to the accuracy or completeness of the information provided herein. 

3. Any expression of opinion (which may be subject to change without notice) is personal to the writer (the “Writer”) and the Writer makes no guarantee of any sort regarding the accuracy and/or completeness of any information and/or analysis.

4. We, including the Writer, shall not be responsible for any loss arising from any investment based on any perceived recommendation, forecast or any other information contained herein. The contents herein should not be construed as an express or implied promise, guarantee or implication by us that you will profit or that losses in connection herein can or will be limited, from reliance on any information set out herein. 

5. You should carefully consider your risk appetite when making any investment decision, and to seek independent financial advice if necessary. 

6. The works of authorship contained herein are owned, excepted as otherwise expressly stated, by us, and may not be copied, reproduced, transmitted, displayed, distributed, sublicensed, altered, stored for subsequent use or otherwise used in whole or in part in any manner without our prior written consent. 


Enterprise WeChat QR code