By the end of the day’s trade on 11 February 2022, benchmark index ASX settled in the red zone. ASX 200 slipped 0.977% and settled at 7217.3. The index was influenced due to high US inflation. US inflation is hitting 40-year high and has set the stage for aggressive Fed hikes in the upcoming period.
The update has impacted indices of various stock markets globally. NASDAQ dropped 2.10%, Dow Industrial 1.47%, S&P 500 by 1.81% , S&P/TSX by 0.34%.
US consumer prices increased strongly in January. It resulted in the biggest annual increase in inflation in 40 years.
On ASX, most indices settled in the red zone. Information Technology, the top gainer in the past two days, was down by 3.798%. Healthcare, REIT, and Utilities were some of the other sectors that dropped more than 2% during the day.
Top performing Sectors for the day:
Metal and Mining
Resources
Material
Worst performing sectors for the day:
Information Technology
Utilities
Healthcare
Top 5 Gainers and Losers:
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Maven Capital Pty Ltd (AFSL No. 418504). The information contained in this article is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Suite 1A, Level 2, 802-808 Pacific Highway, Gordon NSW 2072, Australia | 1800 005 780 | info@kapitales.com.au.au
Daily Dose of Buy, Sell & Hold recommendations before the market opens.
Market Close Commentary: 11 February 2022
By the end of the day’s trade on 11 February 2022, benchmark index ASX settled in the red zone. ASX 200 slipped 0.977% and settled at 7217.3. The index was influenced due to high US inflation. US inflation is hitting 40-year high and has set the stage for aggressive Fed hikes in the upcoming period.
The update has impacted indices of various stock markets globally. NASDAQ dropped 2.10%, Dow Industrial 1.47%, S&P 500 by 1.81% , S&P/TSX by 0.34%.
US consumer prices increased strongly in January. It resulted in the biggest annual increase in inflation in 40 years.
Copyright © 2022 Kapitales Research
On ASX, most indices settled in the red zone. Information Technology, the top gainer in the past two days, was down by 3.798%. Healthcare, REIT, and Utilities were some of the other sectors that dropped more than 2% during the day.
Top performing Sectors for the day:
Worst performing sectors for the day:
Top 5 Gainers and Losers:
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Maven Capital Pty Ltd (AFSL No. 418504). The information contained in this article is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Suite 1A, Level 2, 802-808 Pacific Highway, Gordon NSW 2072, Australia | 1800 005 780 | info@kapitales.com.au.au