A strong rise in gold prices at the end of last week’s trading

A strong rise in gold prices at the end of last week’s trading:
Gold prices witnessed a strong rise during last Friday’s trading,
approaching $2,100 per ounce.
This rise is due to strong demand for the precious metal and the weakness of the US dollar,
in addition to negative economic data that raises fears of a reduction in US interest rates.

Topics

US indices continue to achieve new records

India defends its oil imports from attacks in the Red Sea

A strong rise in gold prices at the end of last week’s trading

US indices continue to achieve new records

This was driven by an improvement in the technology sector’s performance
and a decline in fears that the Federal Reserve will postpone interest rate cuts.
The latest Institute for Supply Management (ISM)
data showed that factory activity contracted more than expected in February.

The US Federal Reserve’s preferred PCE inflation report provided some relief from inflation pressures,
as expectations of interest rate cuts in June rose due to higher-than-expected initial unemployment claims.

NVIDIA shares rose more than 4%,
while Apple lost about 0.6% after being excluded from Goldman Sachs’s list of stocks with opportunities.

The Standard & Poor’s 500 index recorded a weekly rise of 0.97%,
and the Nasdaq index rose by 1.74%, recording their seventh positive week out of the last eight weeks.
However, the Dow Jones Index fell by 0.11%.

 

 

India defends its oil imports from attacks in the Red Sea

India’s oil imports depend on the Red Sea navigation channel to a large extent,
as India’s total oil imports are estimated at 88% of total imports,
which puts India under pressure and risks increasing attacks on commercial ships.

With the increase in attacks, Indian naval forces are combing the vicinity
of the navigational course of the Red Sea and the Arabian Sea.
Last week, an Indian naval fighter rushed to rescue the merchant ship (Islands)
and its crew from the danger of Houthi attacks.
The Munich Security Conference strengthened discussions between the US Secretary of State
Anthony Blinken and his Indian counterpart, Subramaniam Jaishankar.
Regarding the tensions in the region, Blinken indicated that the position
of India and the United States regarding the current events reinforces
the common position of the two countries, in light of these geopolitical tensions,
we may witness pressure on oil prices.

 

A strong rise in gold prices at the end of last week’s trading

Gold prices rose during Friday’s session, approaching $2,100 per ounce.
The increase is due to strong demand for precious metals in addition
to the weakness of the US dollar

as well as negative macroeconomic data that raises fears of a cut in US interest rates.

During Friday’s trading, spot gold contracts rose by 1.90% reaching approximately $2,083.03 per ounce.
On the other hand, gold futures contracts rose by 1.81% and reached about $2,091.85 per ounce.

The US dollar index continued to decline during current trading, falling by approximately 0.23%,
and settled below the level of 104.00 points,
where it is currently trading at 103.92 points.
This decline in the US dollar contributed to strengthening gold prices
due to the inverse relationship between the two parties.

A strong rise in gold prices at the end of last week’s trading

How the US Dollar Index Benefited from the Beginning of the Year

How the US Dollar Index Benefited from the Beginning of the Year and Potential Upcoming Influences:

We are witnessing a crucial and highly significant financial week, where the fate of many financial instruments will be determined. In this report, we highlight the most important factors that the US Dollar Index has experienced from the beginning of 2024 until now, and the potential influences that may qualify prices for further ascent. We also explore how these influences could be overshadowed by negative alternatives, leading to a potential decline in the index during the current year.

 

Topic

What the US Dollar Index has Presented from the Beginning of the Year until Now

Possible Scenarios for the Federal Reserve Week

 

 

 

 

 

 

 

What the US Dollar Index has Presented from the Beginning of the Year until Now:

The US Dollar Index started 2024 with excellent positivity, facing a downward wave that pushed prices to visit the psychological support level of 100.25. Several economic data points contributed to providing positive momentum for the index, including:

 

US Employment Data for December:

  • Unemployment in the U.S. stabilized around 3.7%, and despite market expectations pointing towards positive unemployment figures and an increase to 3.8%, no new developments were presented as unemployment remained unchanged.
  • Private nonfarm payrolls showed a significant positive surprise by offering 216,000 jobs, while expectations at that time indicated a negative presentation of only 177,000 jobs.
  • Hourly wage rates for December presented a positive increase of 0.4%, exceeding the preceding reading of around 0.3%.

The labor market data is seen as a barrier to a decline in U.S. inflation. Federal Reserve Chair Jerome Powell has signaled victory over high inflation and the possibility of starting interest rate cuts during the current year.

 

 

US Consumer Price Index (CPI) Data:

  • Annual Consumer Price Index (CPI) showed positivity, contrary to expectations indicating 3.2%,
    and also higher than the previous reading around 3.1%, settling around 3.4%.
  • Monthly Consumer Price Index increased to 0.3%, contrary to expectations of 0.2%,
    presenting higher positivity than the preceding reading around 0.1%.

These indicators signal the resurgence of U.S. inflation concerns, which could prompt major central banks to raise interest rates again.

 

 

Gross Domestic Product (GDP) Data:

Gross Domestic Product (GDP) presented a positive reading during the previous week,
higher than expectations indicating 2.0%, settling around 3.3%.
This signals that growth during the current year may surpass Federal Reserve expectations from the last meeting of 2023,
where they expected only 1.4% growth.

 

 

 

 

Possible Scenarios for the Federal Reserve Week:

It is likely that Jerome Powell, during his upcoming meeting, will be somewhat hawkish,
especially with the positivity of key data viewed by the Federal Reserve (strong labor market, the possibility of inflation rebounding, positive GDP growth).
This may negate the possibility of the Federal Reserve lowering rates in March and may extend the period of keeping interest rates high during the current year.

We will focus on this during the next meeting, and during Powell’s speech, hints about the Fed’s current stance on tightening,
as well as when the Fed might intervene to cut rates and the number of rate cuts they may undertake during 2024.

 

 

How the US Dollar Index Benefited from the Beginning of the Year

Stocks consolidate their gains

Stocks consolidate their gains

for a second day and rise before the midterm elections in the United States.

 

In the United States, American stocks recorded a broad rise,
which also included the shares of small and large companies,
and this came before the midterm elections,
as well as inflation figures that will be announced later this week,

 

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collective hikes

A big jump in China’s oil imports in five months.

Lamborghini prepares for their IPO.

 

 

 

 

 

 

collective hikes

At a time when the prices of the US dollar and treasury bonds declined,
while the “Standard & Poor’s 500″ index closed near its highest levels during the recent trading sessions,
in addition to the progress of the eleven sectors, except for only three,
and the “Nasdaq 100” index recorded a rise,
which represents a percentage of The Dow Jones Industrial Average rose by 1.5%,
and health care stocks also advanced and reached the top of the rising stocks,
and the Russell 2000 index rose to compensate for its losses.

 

 

Inflation figures

 

The markets are strongly awaiting the inflation figures
that will be announced on Thursday of this week,
and this came after the rise in the basic consumer price index exceeded all expectations of reaching levels
that are the highest in the last 40 years during last September,
and any future signs of an improvement in prices,
the index Consumer prices are still at a level that is higher than its base point at the Federal Reserve,
and the data on employment figures and the increase in wages,
in addition to the increase in unemployment rates,
had a direct impact on the rise of stocks, and thus presented a mixed picture for the Federal Reserve,
which seeks to combat high inflation and the period it is trying to in which control it

 

And the senior market analyst with “Miller Tabak” commented that
the upcoming formation in Congress this week is not clear,
and therefore insomnia related to consumer prices will be of great importance to investors
and said that any better inflation figures than estimates,
lead to the possibility of an increase in stock prices.

At the same time, Chinese stocks that are traded in the United States fell,
after the country decides to adhere to the “zero Covid” policy.

 

 

artıcle name Stocks consolidate their gains

 

 

 

 

 

A big jump in China’s oil imports in five months.

 

It seems that the beast of the Chinese industry has begun to wake up,
as it has gone through a difficult time due to the outbreak of the Corona epidemic,
which has ravaged its economy greatly, while it is known that China is not giving up and withstanding all tests,
the government has begun to boost its oil imports during
the past month to help In the recovery of the economy and resistance to the crisis.
According to Chinese customs data on Monday, China bought about 43.14 million tons last month,
and this is one of the largest deals concluded by China since September and the largest since May.
It was estimated to increase by 4% from September, equivalent to 10.2 million barrels per day.

 

 

 

China is struggling to survive

 

It seems that the excessive industrial trend is dominant at the moment.
Since late September, Beijing has started to raise its fuel exports by about 15 million tons,
and this percentage is expected to continue until the first quarter of next year,
as Bloomberg data showed, which it conducted via oil tankers. And the chargers,
the daily average of China reached nearly 9.3 million barrels of oil, Emma Lee,
an analyst at Vortex, said that the additional quota and the reduction in the official
selling price of Saudi oil grades to Asia had led to an increase in imports,
adding that the growth of China’s imports of crude oil was mostly caused by
The share of exports with the continued slowdown in domestic demand significantly.
All these attempts by China to develop the economy and return the market to its course,
which was hurt by the Corona crisis and the current economic crisis.

 

artıcle name Stocks consolidate their gains

 

 

 

 

 

 

The big downturn in the economy.

 

All of China’s attempts are just a return to the path from which it retreated a lot.
Despite the strength of October’s oil exports, it is considered insignificant.
China’s natural consumption has decreased by about 43% compared to October,
and the operating rates for November reached about 76.4%,
which is the highest percentage since April, according to what was announced.
The sector advisor, Oil Kim,
reported that October purchases are slightly higher than the level of ten million per day,
which is the normal average before the Corona crisis.

 

artıcle name Stocks consolidate their gains

 

 

 

 

 

 

Lamborghini prepares for their IPO.

 

Lamborghini, as usual, is more prosperous than others, even in the darkest times of crisis,
as its sales rose by 8% to reach 7,430 cars in the first nine months of the year,
and its operating profits also increased by 69% to approximately 570 million euros,
coinciding with its advent towards the idea of ​​the public offering,
which has become The dominant thought at the moment for most sectors

 

 

 

The ambitions of the giant Lamborghini are endless.

 

Italian luxury car maker Lamborghini for a long time is seeking to create a new
competitive strategy to present itself to investors in the stock market.

The global car market is currently in a violent struggle.
The last month of its partner, Porsche, which is the most valuable car in Europe,
was very happy when it exceeded its market value, Volkswagen,
one week after its IPO in the Frankfurt Stock Exchange.
Its reputation in the market is one of the biggest reasons that supported this
The Big Leap The 911 was also a great courageous manufacturer to enter
the trading world as well, after being closed for almost a year.

 

 

 

 

Working almost without clear plans

 

Despite Lamborghini’s coming to this step,
it does not have a deliberate plan for the public offering at present,
as stated by Audi, the general supervisor of brands for Volkswagen,
at the same time, Michael Dean, an analyst at Bloomberg Intelligence,
says that the recent increase in Lamborghini’s profits and
the increase in operating profit by 31.9%
The first half of this year constitute a strong argument
for its inclusion in the stock market. Currently,
the IPO of automakers and other companies at
the moment has become the main supporter of resilience,
product development, and the pursuit of the future in general.

Michael Dina also said that the IPO could take place
within the next 18 months depending on the state of the market

 

 

artıcle name Stocks consolidate their gains

 

 

Will the bear market hit rock bottom?

 

Will the bear market hit rock bottom?

 

Will the bear market hit rock bottom? When the stock market is in a bearish trend, it’s often said to be “oversold.”

This means that prices have fallen so far and so fast that they’re now considered to be bargain-priced.

 

Topics

Oversold
Panicking Investors
Economic Fundamentals are Improving

 

 

 

 

 

 

Oversold

 

Now, when the stock market is oversold,

it may present a buying opportunity for investors who are willing to take on more risk.

Oversold conditions occur when the prices of stocks have been sold off excessively

and may be an indication that the market is due for a rebound.

However, did the market hit rock bottom yet?

Will it continue dropping or the bull market is about to barge in?
Before making any investment decisions, it’s important to do your research and

consult with a financial advisor to ensure that you’re making

the best decision for your individual circumstances.

 

 

Panicking Investors

 

When the stock market starts to head south, it can be scary for investors,

and when investor panic is another key sign that a bear market may be coming to an end 

when investors are selling out of fear, they often do so at firesale prices,

which can create opportunities for savvy investors who are willing to buy when others are selling.

In the past, investors would need to be glued to the news

or their brokerage account window to catch a bear market.

Today, technology has made it easier to identify a bear market,

even if it’s happening in a real-time frame,

and a bear market doesn’t necessarily mean the end of the world.

In fact, there are often opportunities for those willing to buy when others are selling in a panic.

With today’s technology, it’s easier to stay on top of what’s happening in the markets

and make informed decisions about buying and selling.

For example, the Robinhood app offers a feature called Robinhood Snacks

that highlights major market news in a digestible, bite-sized format.

The app also notifies users of sudden market movements

and allows them to buy or sell with just a few taps.

In other words, There’s no excuse for not knowing when a bear market is happening

and more importantly, no excuse for not being prepared.

Investors who take the time to educate themselves by staying informed and using technology to their advantage

about bear markets will be in a much better position to protect

and grow their wealth over the long run.

 

 

 

 

 

Economic Fundamentals are Improving

 

The economic fundamentals are improving, and that’s good news for traders and investors.

The economy is on the upswing, with more jobs being created and wages rising.

This is all good news for the stock market, as companies will be able to earn more profits and share prices will rise.

So, if you’re looking to make some money from trading or investing, now is a great time to do it!

For example, the S&P 500 Slow Stochastic indicator is a reliable indicator of bear markets,

and it’s currently signalling that one may be on the horizon.

As investors, we need to be aware of this and take steps to protect our portfolios.

In times like these, it’s important to remember that cash is king.

Having a healthy cash reserve gives you the flexibility to take advantage of opportunities when they arise.

It also allows you to weather any storms that come your way without having to sell your investments at a loss.

The key to successful investing is finding a balance that works for you.

You need to figure out how much cash you feel comfortable keeping on hand and invest the rest.

It’s also important to diversify your investments.

Don’t put all your eggs in one basket.

Spread your investment dollars around so you’re not putting all your eggs in one volatile market.

And finally, invest in quality companies.

Companies with a history of success, a strong management team,

and solid financials are more likely to weather any storms that come their way better than weaker companies.

These are the types of companies you want to invest in for the long haul.

 

 

 

The Federal Reserve raises interest rates by 75 basis points

The Federal Reserve raises interest rates by 75 basis points for the third time in a row.

After the inflation rate rose to the highest level, exceeding expectations in August,
all expectations were indicating a new interest rate hike by the US Federal Reserve.
During the last three months

 

topic’s

Work data

Jerome Powell Interest rates will not be cut until inflation reaches 2%

Violent fluctuations in US markets after the Federal Reserve’s decision

 

 

 

 

 

 

 

Work data

In a report issued by the Ministry of Labor from  two weeks,
it was found that the consumer price index recorded
an increase of 0.1% from July compared to 2021,
and also the index rose by 8.3%, and by comparing the results,
we will find that it rose by 0.6% from July and for the year past about 6.3%.

 

Jerome Powell’s remarks at the July meeting

 

At the meeting of the Federal Reserve Chairman in July of this year,
after raising interest rates for the second time by about 75 basis points,
he stressed that the Central Bank will strive to try to control
the high prices significantly and try to bring inflation to 2%,
and stressed that it is a The trend needs positive indicators in the economy,
which will appear more clearly in the coming period, but the high data on inflation,
employment and wages support this plan to continue the monetary tightening

 

Is the fourth increase approaching?

 

Despite the danger of facing inflation through more interest rate hikes,
which will lead to a state of stagnation,
this will not prevent the Fed from raising a possible increase in the next meeting,
and we may see an increase at the end of this year
to 4.4% and 4.6 in the next year 2023 According to expectations,
we may see an increase in November by about 75 basis points,
to be the fourth time in a row
The US economy recorded a contraction of 0.9% during the second quarter of this year 2022
on an annual basis, and this is completely contrary to expectations that refer to 0.4%

 

Another drop in GDP

 

The US economy witnessed a contraction of the gross domestic product by about 1.6 percent
during the first three months of this year, compared to the same period last year.
This comes after expectations issued by the International Monetary Fund
last July indicated growth in the gross domestic product Of 2.3% by the end of this year

 

artical name The Federal Reserve raises interest rates by 75 basis points

 

 

 

 

 

 

 

Jerome Powell Interest rates will not be cut until inflation reaches 2%

 

Jerome Powell said at the press conference held in Washington on Wednesday,
September 21, that there is no way to stop raising
interest rates until it reaches the desired goal,
which is to reduce inflation until it reaches 2%,
and there is no specific date for that.

 

 

Which came after raising interest rates by 75% for the third time in a row,
while Fed officials expect that the interest may rise to 4.4 by the end of the year,
and in 2023 it may reach 4.9%,
according to the quarterly reports and expectations
announced by the Fed during the meeting,
which can be put to The table in November,
a week before the midterm elections,
was the fourth straight rise of 75 basis points.

 

 

Expectations have shown that the tightening of things towards
the Fed’s decision-making could cause an economic recession in the United States,
despite the Fed officials’ view, which aims to calm inflation in any situation,
even if it comes at the expense of weak growth for a period.

 

 

Does this opinion affect economic growth?

 

Here is a summary of the proceedings.
The Fed has lowered estimates of economic growth for the United States,
believing that by 2023 the rate may reach 1.2%, and in 2024 it may reach 1.7%,
which makes decisions more stringent on the monetary policy side.

The expectations stated by the Fed also showed
that the unemployment rate may rise to approximately 4.4% by the end of next year
and the same until the end of 2024,
with a rise of between 3.9% and 4.1%, respectively,
in the June forecast.

 

Powell indicated during the meeting that
curbing inflation is the priority at present,
expecting that some commodity prices, which began to decline,
will decrease with the increase in inflation rates,
stressing that the smooth decline of the American
economy is marred by a state of complete uncertainty.

 

 

artical name The Federal Reserve raises interest rates by 75 basis points

 

 

 

 

 

 

Violent fluctuations in US markets after the Federal Reserve’s decision

Wednesday, September 21, 2022, the American markets, stocks,
and commodities are shaking, recording a significant and noticeable decline,
as the Nasdaq 100 index fell by 1.8%,
the Dow Jones Industrial Average recorded a decline of 1.7%,
and the S&P 500 index also decreased by 1.7 percentage points,
and the MSCI global index recorded a decline of 1.5%

 

 

This came after the Federal Reserve’s meeting and
the decision to increase interest rates by
75 percent for the third time in a row recently.

 

It was a horror movie swirling the markets today after
Powell’s remarks in Washington during Wednesday’s press conference
where he stated that officials are very intent on bringing
inflation down to the Federal Reserve’s 2% target and also stated that
we will continue to do so until the desired goals are achieved.

 

Where expectations indicated that
the interest rate may decrease to 3.9% in 2024,
and by 2025 it may also decrease by about 2.9%.

 

As for Fed officials,
the expectations came as follows by the end of this year,
the interest rate may rise by about 4.4%,
and by 2023 we may record 4.9%,
according to the quarterly reports and
expectations announced by the Fed today,
which indicates that after the fourth consecutive rise estimated
at 75 basis points may be on the table
for the next meeting in November,
coinciding with the midterm elections or a week before it.

 

The updated forecast released by the Fed today showed the unemployment
rate rising to 4.4% by the end of next year and
the same at the end of 2024 – up from 3.9%

and 4.1% respectively in the June forecast.

 

The Fed also lowered its estimates of US economic growth
in 2023 to 1.2% and 1.7% in 2024,
reflecting a greater impact of monetary tightening.

 

 

 

Comments on the decision were as follows

Greg Pack, CEO of AXS Investments,
said: “Wednesday’s Fed action,
combined with ongoing roller-coaster-like market volatility,
underscores investor unease amid rampant and
driven economic and market uncertainty,
high inflation, and corporate earnings warnings.
geopolitical concerns and other factors strongly affect Wall Street

 

Evercore’s Krishna Guha also stated:
“Fed releases at the September meeting are unequivocally hawkish
and the macro outlook indicates an increased
risk of a more difficult downside.”
The Fed’s policy was reflected in the dollar’s value,
which continued to rise significantly against the major currencies.

 

 

Here is a summary of some of the moves.

 

The British pound fell 0.9% to $1.1281
The euro also fell by 1.2% against the dollar,
as it recorded 0.9847
The Bloomberg Spot Dollar Index rose 0.7%.

 

 

As for the bonds.

The yield on British 10-year bonds rose by two basis points to 3.31%.
and The yield on 10-year Treasuries also fell by six basis points to 3.51%.
The yield on German 10-year bonds also fell by three basis points to 1.89%.

 

As for the goods.

West Texas Intermediate crude fell 0.7% to $83.34 a barrel
In parallel, gold futures rose 0.6% to $1,681.40 an ounce.

Which made the dollar witness the peak of its brilliance in the markets,
as well as bonds, as we explained,
as we have not seen these jumps since 2008.

This came according to the inflation crisis that Oria suffers from,
not to mention the energy crisis as well.

 

 

artical name The Federal Reserve raises interest rates by 75 basis points

Oil declines as Asian stocks fall

 

Oil declines as Asian stocks fall and bond yields also fall as the dollar stabilizes

 

The dollar index measuring the safe-haven currency against six major peers was little changed during Monday’s trade
and Brent fell to $102.39 per barrel, while Asian stocks were losing steam as a result of recession concern.

 

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Oil prices fall on Monday due to traders’ concern

Asian stocks decline amid bond yields concern over Fed recession

Dollar rises slightly as Fed meeting swings and growth risks

 

 

 

 

 

 

 

 

Oil prices fall on Monday due to traders’ concern

about prospects for economic growth and energy demand globally

 

This week’s market focus is on the US Fed meeting,
and as a result the Fed may again increase the prime interest rate significantly.

 

In the experts’ view,
the Fed’s serious tightening of monetary policy could lead to a recession in the US economy.

 

 The oil market remains highly volatile,
but downward pressure is expected to continue,
and the Fed’s meeting is likely to serve as another reminder of economic complexities.

 

Brent crude futures for September fell by $0.81 by 0.78 percent on the London Futures Exchange,
to $102.39 per barrel, and Brent crude fell on Friday by $0.66 or 0.6 percent to $103.2 per barrel.

 

The September futures price for West Texas Intermediate crude
at the time was lower in electronic trading on the New York Mercantile Exchange
(NYMEX) by $0.93 (0.98%), to $93.77 per barrel.

 

During the previous session,
the futures contract fell by $1.65, down 1.7 percent to $94.7 per barrel.

 

An expert wrote on social media that consumption growth in recent years has lagged behind the 40-year
average due to coronavirus restrictions and should return to normal levels.

artıcal name Oil declines as Asian stocks fall

 

 

 

 

 

Asian stocks decline amid bond yields concern over Fed recession

 

Asian stocks lost steam on Monday morning,
falling from three-week highs as concern over the global economic slowdown dampened investor appetite for risk.

 

Bond yields declined on bets that an expected recession in the United States would slow the Fed’s aggressive clampdown,
as markets look for political evidence from a two-day Federal Open Market Committee meeting beginning on Tuesday.

 

In the meantime, the dollar rebounded from a two-and-a-half week low against major currencies,
boosted by demand for the US currency as a safe haven.

 

Japan’s Nikkei index fell by 0.75 percent,
while China’s blue-chip index fell by 0.82 percent.

 

Hong Kong’s Hang Singh index fell by 0.75 percent,
with the technology index falling by 1.96 percent.

 

MSCI’s broadest index of Asia-Pacific stocks fell by 0.54 percent to 158.80,
after approaching its highest level since June 29 at 160.03 on Friday.

 

S&P 500 futures fell by 0.08 percent in the United States,
indicating an extension of the benchmark index’s 0.93 percent decline on Friday,
when the business survey showed a contraction for the first time in nearly two years
amid severe inflation and rapidly rising interest rates.

 

Earlier that day,

data also showed business activity in the eurozone shrank unexpectedly.

 

Nasdaq futures were almost flat, after a 1.77 percent fall for the heavy stock index,
with the bottom falling after Snapchat’s owner posted the weakest sales growth on record.

 

In Europe, EURO STOXX 50 futures fell by 0.61 percent, and FTSE futures declined by 0.52 percent.

 

The 10-year US Treasury yield was slightly unchanged at 2.785 percent
after falling from 3.083 percent during the previous two sessions.

 

Japanese equivalent government bond yields fell to their lowest level since March 10 at 0.18 percent,
and Australian yields fell to their lowest level since May 31 at 3.285 percent.

 

The Federal Reserve concludes its two-day meeting on Wednesday
and markets are priced in for a 75-point rate hike,
with about 9 percent likely to increase one full percentage point.

artıcal name Oil declines as Asian stocks fall

 

 

 

 

 

Dollar rises slightly as Fed meeting swings and growth risks

 

The dollar was in full swing on Monday, as traders prepared to raise US interest rates sharply this week
and looked for safety as data suggested a weakening global economy.

 

The dollar rose slightly against most major currencies in the Asia session,
trading at $1.0208 against the euro and settling losses on Friday to buy 136.26 Japanese yen.

 

The slowdown prompted traders to fall back on tough expectations,
as they worried that a wobbly economy could only withstand higher interest rates,
but investors did not cut the dollar away from higher levels since the global outlook is too confusing.

 

The US dollar index settled at 106.650 on Monday morning,
slightly below the two-decade high in mid-July of 109.290 and analysts do not see the dollar facing much in the future.

 

Sterling fell on Monday, even as markets estimated a 60 percent
chance of the Bank of England raising interest rates by 50 basis points next week.

 

Australian and New Zealand dollars also fell from their one-month highs,
each down about 0.3 percent in the Asian trading session.

The Australian dollar was last down at $0.6907 and the New Zealand dollar was down at $0.6235.

 

Australian consumer price data is due on Wednesday and is expected to reach a three-decade high.

 

The gloomy forecast is that th Australian dollar has more downside than upside risk and can test $0.6800 this week.

 

artıcal name Oil declines as Asian stocks fall

Political events in Britain and investors’ risk aversion

Political events in Britain and investors’ risk aversion

Due to the lack of a clear vision, the recent tense political climate in Britain has led to an uncertain future
This has resulted in investors pulling their large stakes out of the country’s internal markets
and it happened after the resignation of two prime ministers in favour of current Prime Minister Boris Johnson.

 

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U.S. futures and bond turbulence as fears of recession persist

Gas prices in Europe fall as Norway’s energy workers strike end

The euro continues to fall and the dollar rises in front of everyone

 

 

 

The British Finance Minister resigned shortly after the Minister of Health did, citing difficulties in carrying out his official duties and said,
“I have come to the decision that we cannot continue like this
” In a statement on Twitter, he continued, “It has become evident that the approach between the government
and it is fundamentally different as I prepare for the scheduled speech on the economy next week.”

Due to global risk sentiment and Bank of England policy, the pound sterling fell to its lowest level since March 2022
while British stocks rebounded on Wednesday due to the recovery of European stocks
which was the opposite of previous years at the time of Brexit negotiations.

Sudden income tax

Tuesday’s resignation of Chancellor Rishe Sonak may result in a delay or complete elimination of the sudden gains tax on UK power generators.
While SONAC was already outlining measures to tax oil and gas producers
the British Treasury has come under fire for stalling ideas when rumors caused generator share prices to drop.

 

 

 

U.S. futures and bond turbulence as fears of recession persist

The futures markets of US stock indices and treasury bonds have seen a swing between gains and losses amid fear of a slowdown in the global economy
with the Nasdaq 100 and the S&P 500 rising, contract prices on the Stoxx 600 index changed in the biggest price change since June 24
while the US yield curve for two years and ten years remained inverted
as investors await the minutes of the last meeting of the Federal Performance Measurement Council.

Investors, especially deal hunters on tech stocks, are seeking to boost U.S. stock metrics
which has helped mask some deep declines in stocks linked to economic activity
as well as the renewed downturn in Europe’s gas crisis portends a global economic slowdown despite tighter monetary policy by central banks to contain the consumer price problem.

According to Bloomberg Economic forecasts: The probability of an economic recession in the United States reached 38% next year
a model that measures the likelihood of a recession based on a combination of factors such as housing permits
consumer survey data and the gap between 10-year and 3-month Treasury bond yields
which showed an increase in the likelihood of an economic recession by 38% over the next 12 months, up from 0% a few months ago.

 

 

Gas prices in Europe fall as Norway’s energy workers strike end

After the great rises of European natural gas during the last period in light of the continuation of crises
but soon with the habit of decline after the decision of the intervention of the Norwegian government to end the strike of energy workers
and Germany took steps to alleviate the supply crisis, the Norwegian government proposed a mandatory wage
council to solve the problem of strike for energy workers, which could have led to the closure of more than half of Norway’s gas exports
Labor Minister Marty Maguss also indicated that she had no choice because of the potential repercussions on Europe.

The European continent has been facing an energy crisis for decades as Russia has been curbing shipments amid rising tensions
over the war on Ukraine and sanctions against Russia.

It is worth mentioning that the main Nord Stream pipeline will close this month for maintenance
and there is a concern that it will not return to full service after operation.
Prolonged power outages will also hurt Europe’s plan to renovate gas storage facilities, and this will increase pressure on global LNG supplies.

Germany in the face of the non-return of Nord current flows

The German government on Tuesday issued legislation allowing it to rescue troubled energy companies
as part of efforts to reduce the effects of the supply crisis
One of the proposals to parliament is to pass part of the increasing cost of gas to the consumer.
The current situation will require Europe to sacrifice some summer industrial uses of gas to reach full million before peak winter demand.

The Dutch front-month futures traded lower at €154.50/mWh at 6.4% and the UK equivalent fell 17%
 erasing the gains made in the past two days.

 

 

The euro continues to fall and the dollar rises in front of everyone

The euro fell to a 20-year low as investors grapple with the prospect of Russia cutting off its gas supplies to Europe
and plunge the region into recession. In light of this shock, it will be difficult for the ECB to lift tight monetary policy.
According to Bloomberg’s options pricing model, there is an almost 50% implicit probability that the currency will reach parity against the dollar next month, with the euro reaching 1.0185 against the US dollar, and therefore as the European economy heads towards recession
expectations increase that the euro with the dollar equivalent is imminent.

Interest rate differential with USA expected to increase

The ECB is expected to raise interest rates by 25 basis points later this month
The Fed has already raised interest rates by 150 basis points so far

Warning against buying at the moment

With growing concern by Germans about the main pipeline carrying Russian natural gas to Europe
may not return to full capacity after planned maintenance this month
the International Energy Agency warned that a complete cut-off of flows could not be ruled out given
“Russia’s unexpected behavior under sanctions imposed for its war on Ukraine.”
Although Europe is seeking to reduce dependence on Russian energy, this is proceeding at a slow pace
increasing the likelihood of a recession
The euro remains unexpected and virtually unpurchasable this summer, senior market analyst at SGB believes.

The dollar continues to strengthen and is heading to 107.

After the occasional moves of the US dollar index at 104 levels, it rebounded strongly again to reach almost 107 points
an increase rate of 0.2%.
The rise came with the possibility of an economic recession that could hit the US economy as well
as markets await the minutes of the Federal Reserve meeting on Wednesday amid any sign of monetary policy.

US indices close in the green Zone

US indices close in the green Zone and Nikkei closes negatively

US stock closes rose on Wednesday’s trading, and traders assessed the minutes of the Fed meeting on May 3-4

Evest follows market developments in the following report

topic

Mass rise of US indices

Oil continues to make profits

Nikkei closes lower

 

 

Mass rise of US indices

The Dow Jones Industrial Index rose by 191.66 points (0.6%) by the end of trading today, Wednesday to 32120.28 points
Standard & Poor’s 500 rose by 37.25 points (0.95%) to 3978.73 points
The Nasdaq Composite Index rose by 170.29 points (1.51%) to 11434.74

 

The minutes showed that the US central bank remains open to reconsidering its tough stance on rate hikes, MarketWatch writes

Most organizer leaders believe that a 50-basis point increase in the prime rate is “likely to be appropriate in the next few meetings”
as part of the fight against rapid inflation, the minutes state In the meantime
after a series of expected interest rate hikes, Fed officials will reassess the state of the economy to determine how much increase may be needed

 

The Fed raised the rate after the results of the May meeting by 50 basis points to 0.75-1% annually
The rate was immediately raised by 50 basis points, for the first time since 2000
At a press conference following the meeting, US Central Bank Chairman Jerome Powell said
that the Fed would consider raising the rate by 50 basis points
However, the rate will immediately increase by 75 basis points at the next few meetings

 

Dick’s Sporting Goods fell by 9.7%. The US sports goods retailer cut profits and revenue in the first quarter of fiscal 2022
and although the performance was better than market expectations
the company’s stocks fell sharply due to a worsening full-year outlook

 

 

 

 

Oil continues to make profits

The oil market continues to grow after rising the previous day as a result of US Department of Energy data
which showed a decline in U.S. oil and gasoline inventories before the auto season began

 

The price of July Brent crude futures on the London Stock Exchange Futures was $114.55 per barrel on Thursday
$0.52 (0.46%) higher than the closing price of the previous session
As a result of Wednesday’s trading, these futures rose by $0.47 (0.4%) to $114.03 per barrel

 

The price of West Texas Intermediate oil futures for July in electronic trading on the New York Mercantile Exchange
(NYMEX) at this time is $110.98 per barrel, $0.65 (0.59%) higher than the final value of the previous session
On Wednesday, the cost of these futures rose $0.56 (0.5%) to $110.33 per barrel

 

According to the U.S. Department of Energy

the country’s commercial oil reserves for the week ending
May 20 fell by 1.02 million barrels – to 419.8 million barrels
Experts predicted an average decline of 2.13 million barrels

 

Inventories at the Cushing terminal, where oil traded on the NYMEX stock exchange
fell by 1.1 million barrels. US oil production remained at 11.9 million barrels

 

Gasoline commodity inventories fell by 482 thousand barrels and distillates rose by 1.66 million barrels
Gasoline inventories are expected to decline by 2.13 million barrels, while distillate inventories to rise by 1 million barrels

 

The oil market is still tight and oil prices are likely to continue to rise,” Bloomberg quoted one analyst

Earlier this week, there was information that US President Joe Biden’s administration was considering the possibility of restricting
the export of petroleum products from the country to limit the rising prices of gasoline and diesel fuel

 

According to experts, according to experts: “At present
the United States is not rushing this approach and is focusing on releasing oil from the strategic reserve

 

“Although selling oil from the reserve may reduce oil prices slightly
this move will not help overcome gasoline shortages,” Market Watch quoted an expert

 

 

 

 

Nikkei closes lower

Tokyo’s main Nikkei 225 index closed lower on Thursday on concern about inflationary pressures due to the war in Ukraine
but with few new events moving the market

 

The Nikkei 225 closed lower 0.27 percent, or 72.96 points, at 26604.84
while the broader Topix index closed 0.05 percent, or 1.00 points, higher at 1877.58

 

The dollar posted 127.29 yen in Asia, compared to 127.26 yen in New York late Wednesday

 

Global markets rebounded overnight after the US Federal Reserve released minutes of a meeting at which policymakers agreed
as investors predicted, that they needed to raise interest rates by 50 basis points at the next two meetings

 

Japan’s Nikkei fell below 27,000 as U.S. futures fell rapidly

According to experts, market players are now looking to release US GDP data later in the day

However, inflationary pressures caused by the war in Ukraine continued to alarm investors

 

In Tokyo, Mitsubishi Electric fell by 4.15 percent to 1363.5 yen, Advantest for the chip testing equipment industry
fell by 3.63 percent to 8220 yen and Takeda Pharmaceutical fell 0.66 percent to 3762 yen

 

Toyota rose by 1.68% to 2.082 yen, SoftBank rose by 1.22% to 5164 yen and Sony rose by 0.54% to 11265 yen

 

The US stocks rebound and the Asian declines

The US stocks rebound and the Asian declines and oil falls with increasing concern from China

US stocks rose strongly on Monday with a general increase in risk appetite in financial markets on signs
that the United States could lift some trade restrictions on China imposed
by former U.S. President Donald Trump’s administration

Evest follows market developments in the following report

 

topic

US stocks strong positive performance

Oil declines with increasing concern from China

Expected Statistics

Asian stocks continue to fall

 

 

 

US stocks strong positive performance

 

The Dow Jones Industrial Index rose by 618.34 points (1.98%) as the market closed Monday, to 31880.24
Standard & Poor’s 500 rose by 72.39 points (1.86%) to 3973.75 points
The Nasdaq Composite Index rose by 180.66 points (1.59%) to 11535.27

 

Current US President Joe Biden said the issue of tariffs on Chinese merchandise imports to the United States was under consideration
and that he planned to discuss it with Treasury Secretary Janet Yellen after returning from an Asian tour, Bloomberg reported
Investors interpreted Biden’s words as a signal of possible elimination of some tariffs

 

On Monday, statements by JPMorgan Chase & Co. supported the market
increasing traders’ optimism about the prospects of the US economy

 

In recent weeks

 U.S. stock indexes have fallen dramatically on expectations of swift tightening of monetary policy by the Federal Reserve system
as well as concern that high inflation will affect corporate profits
Last Friday, the Standard & Poor’s index came close to ending the session in a downtrend zone, below the January peak of 20%
but managed to bounce back upwards at the end of the session

 

“The market is set to rally for some time now,” Dow Jones quotes on stocks in the past two months

 

JPMorgan stocks rose by 6.2% in Monday trading
The largest U.S. bank by assets raised its 2022 net interest income guidance to $56 billion from $53 billion previously projected

 

JPMorgan Bank Chief Financial Officer Jeremy Barnum said at an investor event that the bank’s loan losses
are likely to remain very low this year because Americans have not yet exhausted
the cash stock that has accumulated during the pandemic

 

In the meantime, speaking also at the event, the bank’s chief executive James Dimon said
that the US economy remained strong and that potential barriers to growth were not intractable

 

The S&P Financial Companies Sub-Index rose by the end of trading by 3.2%
showing the best dynamics among 11 sectoral index indicators

 

Citigroup Inc.‘s stock price rose by 6.1%, Goldman Sachs Group Inc, by 3.2%, and Bank of America Corp. by 5.9%

 

 

 

 

Oil declines with increasing concern from China

 

Oil prices declined on Tuesday as concern continued that China’s demand was slumping
due to tight quarantine measures introduced to curb the spread of the coronavirus

Measures to support the economy, including corporate tax breaks and car purchase tax cuts announced
by the Chinese authorities the previous day, did not impress investors, Bloomberg notes

Analysts at UBS Group AG cut China’s GDP growth forecast for the current year from 4.2% to 3%
and JPMorgan experts cut it from 4.3% to 3.7%

 

In the meantime, the imposition of an embargo on the import of Russian oil by European Union countries has so far stopped
which indicates that “we will not see sanctions in the near future,” the expert says

 

The cost of the July Brent oil futures on the London Stock Exchange Futures on Tuesday is $112.64 per barrel
$0.78 (0.69%) lower than the closing price of the previous session
As a result of Monday’s trading, these futures rose by $0.87 (0.8%) to $113.42 per barrel

 

The price of oil futures for July in electronic trading on the New York Mercantile Exchange
(NYMEX) is $109.56 per barrel, $0.73 (0.66%) lower than the final value of the previous session
On Monday, the cost of these futures rose by $0.0 to $110.29 per barrel

 

In the meantime, US President Joe Biden’s administration is considering releasing
diesel from strategic inventories in order to contain a sharp price rise

White House press secretary Emily Simmons said, if necessary
the United States could quickly release about 1 million barrels of diesel fuel

 

 

 

Expected Statistics

On Tuesday, a wide range of statistics on business activity will be released in Germany, France
the eurozone and the United States – a preliminary indicator of the industry and sector PMI for May

Most likely, trade activity in European countries and the United States will slow significantly in its growth in May
which is linked to higher inflation and difficulties in the supply of production
Thus, negative sentiment will continue in the world’s markets

artical name The US stocks rebound and the Asian declines

 

 

 

Asian stocks continue to fall

In the meantime, Asian stocks fell on Tuesday (Japan’s Nikkei index fell by 0.9%
Korea’s Kospi index by 1.6%, China’s Shanghai composite by 2.3%
and Hong Kong’s Hang Seng lost 2.3%) on inflation concerns
surpassing optimism about the prospect of some countries lifting part of China’s trade restrictions

 

Investors continue to monitor the situation in Ukraine and its impact on commodity prices
as well as assess the potential for negative consequences for the world economy under China’s closures

artical name The US stocks rebound and the Asian declines

A new negative week on Wall Street

A new negative week on Wall Street and oil rises by 5% in a week

Concerns about supply shortages led Brent oil prices to rise nearly 4%
while West Texas Intermediate crude prices rose by about 5% this week

Evest follows market developments in the following report

 

topic

Oil jumps in extreme volatility

Weekly oil performance

A new declining week on Wall Street indices

 

 

 

Oil jumps in extreme volatility

US oil rose 1.87% to the US $110.32 per barrel
In the meantime, Brent crude rose by 2.11% to the US $75.55 per barrel
Concerns about supply shortages led Brent oil prices to rise nearly 4%
while West Texas Intermediate crude prices rose by about 5% for the entire week

According to experts, oil price volatility is likely to continue as traders assess the impact of China’s shutdown on oil sanctions

The EU previously proposed an embargo on Russian crude oil and refined products by the end of 2022
The proposal also includes an embargo on all transport, brokering, insurance and financing services provided by the European Union’s Russian oil transport companies

According to Reuters

if the 27 countries in the bloc agree to the EU sanctions proposal
the market will fall into serious shortages and drive energy commodity prices higher

While supplies are limited, the Organization of the Petroleum Exporting Countries and its allies
(OPEC+) agreed to increase oil production by 432 thousand barrels per day in June at their May 5 meeting
However, this increase will not be sufficient to offset the shortage of Russia’s supplies
especially when the group still produces less than its share of about 1.5 million barrels per day

This week, the number of US oil platforms rose by 5 to 557 – the highest level since April 2020
Investors also expected higher demand from the United States as Washington announced
plans to buy 60 million barrels of crude to replenish its emergency inventory
However, signs of global economic weakness supporting demand concerns will limit gains in oil prices

During the week’s session, Brent oil was priced at US $112.4 per barrel
while West Texas Intermediate crude was priced at US $109.8 per barrel
Over the entire week, the price of Brent oil rose by about 4%
and the price of West Texas Intermediate crude rose by about 5%

Experts said that concerns about the likelihood of lower demand coupled with the possibility of interest
rate hikes by the US Federal Reserve, at the beginning of the trading week
led to a further decline in the crude oil commodities Brent
and West Texas by US $2 under market information that the European Commission
(EC) could “exempt” Hungary and Slovakia from the Russian oil embargo

In the meantime

the European Commission is preparing to finalize the next package of sanctions against Russia

However, oil prices quickly reversed course, gradually stabilizing against concerns that supply
could be restricted by the European Union’s (EU) embargo on Russian crude
But China’s protracted COVID-19 embargo actions have led to oil prices falling by more than 2%
The price of Brent oil fell to US $105 per barrel and West Texas Intermediate to US $102.41 per barrel

There are real concerns about whether Chinese demand, a huge driver of global demand
will continue to increase sharply until 2022

According to analysts, price volatility is likely to persist as traders weigh the impact of China’s
closure on Western oil sanctions and oil sanctions

artical name A new negative week on Wall Street

 

 

 

Weekly oil performance

In the May 4 trading session, the price of “oil” rose to more than US $5
when the EU proposed a plan to phase out the import of Russian oil
The price of Brent crude futures exceeded $110 per barrel
and WTI was close to $107.81 per barrel

Concern over supply shortages continued to maintain the price of oil
prompting the price of this commodity to rise sharply in the last trading sessions of the week

According to experts

the oil market is still not fully priced in the face of possible European Union sanctions on Russian oil
so crude oil prices will be higher in the coming months

Despite calls from Western countries for further increases in production
the Organization of the Petroleum Exporting Countries and its allies
(OPEC +) are “continuing” in their plan to increase target production
in June to 432 thousand barrels per day during the May 5 meeting

Investors also expect US demand to rise this fall when Washington announced plans to buy 60 million barrels of crude to replenish its emergency inventory
However, signs of global economic weakness supporting demand concerns will limit gains in oil prices

artical name A new negative week on Wall Street

 

 

 

A new declining week on Wall Street indices

It was another downward week for US stocks as major indices suffered weekly declines following the Federal Reserve’s decision to raise the interest rate by 0.50% to 1%, the highest level since 2000

The all-stock index (NYSE) lost 0.31% for the week, marking the sixth week of successive decline
Trading opened at 15,615.25 basis points and closed the week at 15,566.56 basis points
Although the week began bullish for the New York Stock Exchange in the first three days
the market’s declines on Thursday and Friday were enough to reverse three days of gains

The Nasdaq recorded its fifth week of decline, losing 1.54% during the week under consideration
It started at 12,331.69 basis points and ended the week at 12,144.66
The week in question saw a 17.63% decline in volume from the previous week
with the market registering a trading volume of 897.83 million

The Dow Jones and Standard & Poor’s indices also posted a decline of 0.23% and 0.21%, respectively
Dow Jones is in its sixth week of decline while Standard & Poor’s is in its fifth week of market decline

artical name A new negative week on Wall Street