EUR/USD 1.15377
-0.015%
Gold 5002.42
-0.074%
Oil 95.061
-0.166%
USD/JPY 158.884
-0.069%
GBP/USD 1.33568
0.013%
GBP/JPY 212.220
0.004%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
March 18 - Japans Ministry of Finance announced on Wednesday that crude oil imports cleared through customs in February increased by 16.4% year-on-year. Preliminary data shows that Japan, the worlds fourth-largest crude oil importer, imported 2.64 million barrels per day (11.757 million kiloliters) of crude oil last month; liquefied natural gas (LNG) imports were 5.82 million tons, down 0.9% year-on-year; and imports of thermal coal for power generation fell 1.1% in February to 8.735 million tons.On March 18th, Futures News reported that Chicago Board of Trade (CBOT) soybean futures closed higher on Tuesday, with the benchmark contract rising 0.1%. This was mainly due to stronger international crude oil futures and the impending implementation of the US biofuel blending policy, which boosted Chicago soybean oil prices and lifted market sentiment. Rising international crude oil prices continued to support the soybean market. Irans attack on the United Arab Emirates exacerbated market concerns about potential supply disruptions due to a US-Israeli war against Iran. Media reports indicated that US President Trump invited farmers and biofuel producers to an event at the White House on March 27th, where the final rule on biofuel blending might be announced. This move also boosted investor optimism. AgResource stated that the US government plans to release the final rule on biofuel blending quotas by the end of March, increasing market expectations for increased demand for biofuel feedstocks such as soybean oil, injecting new vitality into the biofuel market.Market news: Explosions were heard at a US military base in Saudi Arabia.Security sources say a drone strike hit the U.S. embassy in Baghdad, with explosions heard at the scene.On March 18th, Futures News reported that soybean oil futures on the Chicago Board of Trade (CBOT) closed sharply higher on Tuesday, with the benchmark contract rising 3.2%, recovering some of Mondays losses. This was mainly due to stronger international crude oil futures and the impending clarification of US biofuel policy. Traders said that soybean oil prices received dual support that day: firstly, a boost from rising energy prices, and secondly, market expectations that the government would introduce policies favorable to the biofuel industry regarding RVO (Renewable Energy Blending Obligation) and SRE (Small Refinery Exemption). Reports on Tuesday indicated that US President Trump will host an agricultural-themed event at the White House next week, inviting farmers and biofuel producers, and is expected to announce biofuel blending quota plans for 2026 and 2027. There is speculation that large refineries may be forced to fill quota gaps left by smaller refineries that have been granted exemptions from blending obligations.

Apple's Decline And Powell's Speech Cause The S&P 500 to Decline

Aria Thomas

Nov 30, 2022 11:53

2.png


Tuesday's S&P 500 decline was led by losses in Apple (NASDAQ:AAPL) and Amazon (NASDAQ:AMZN) ahead of a speech by U.S. Federal Reserve Chair Jerome Powell that could foreshadow the amount of future interest rate increases.


Recent protests over COVID-19 restrictions in China, particularly at the world's largest iPhone manufacturing facility, captured the attention of investors.


Apple's shares declined 2.1% for the fourth trading session in a row.


Wednesday during a Brookings Institution speech, Powell is set to discuss the economic and labor market outlook for the United States. Investors will be looking for signs as to when the Fed will stop its relentless rate hikes.


"Given that Powell will speak tomorrow, nobody is willing to buy now. Everyone is anxious to hear what he has to say "Ron Saba, the senior portfolio manager for Horizon Investments in Charlotte, stated as much.


Amazon (NASDAQ:AMZN), Nvidia (NASDAQ:NVDA), and Tesla (NASDAQ:TSLA) all had declines greater than 1 percent.


In November, it is anticipated that the benchmark S&P 500 index will post its second consecutive month of gains on predictions that recent inflation readings indicating a minor decline in prices will force the Federal Reserve to decrease the pace of its interest rate hikes.


In December, the Fed is projected to slow its rate hikes to 50 basis points from 75 basis points previously. 


In November, according to a study released on Tuesday, consumer confidence in the United States fell further due to ongoing concerns about the rising cost of living.


Mainland The newest surge of civil disobedience in China comes as the number of COVID cases reaches daily record highs and as substantial areas of various cities face fresh lockdowns, further threatening the world's second-largest economy.


The S&P 500 energy sector index increased by 1.3%, although gains in oil prices were later offset by fears that OPEC+ may sustain output at its upcoming summit.


The S&P 500 closed at 3,957.60 points, a decrease of 0.16 percent.


The Nasdaq decreased 0.59 percent to 10,983.78 points, and the Dow Jones Industrial Average rose 0.01 percent to 33,852.13 points.


Despite the decline of the S&P 500, gaining stocks outpaced losing stocks by a ratio of 1.3 to 1.


The S&P 500 achieved two new highs and three new lows, whilst the Nasdaq recorded 68 new highs and 183 new lows.


Alibaba (NYSE:BABA), Pinduoduo (NASDAQ:PDD), and JD.com (NASDAQ:JD) are Chinese companies with U.S.-listed shares. The value of publicly traded firms surged by more than 5 percent following China's development of equity financing channels for real estate developers.


After reporting excellent quarterly results, shares of Chinese internet service provider Bilibili (NASDAQ:BILI) rose 22%.


Compared to the 20-session average of 11.2 billion shares, volume on U.S. exchanges was relatively low, with 9.6 billion shares exchanging hands.


Suggestion