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The Kurdistan Regional Governments Electricity Department: Operations at the Khormor oil field have resumed, and the transmission of natural gas to the power plant began at 2:00 AM.On November 30th, three OPEC+ representatives indicated that OPEC+ is likely to maintain its first-quarter 2026 oil production levels at its Sunday meeting, a move that would moderate its efforts to regain market share amid growing market concerns about oversupply. Similar comments were made by other sources this week. The organization had been cutting production for years until April of this year, when eight member countries began increasing output to restore market share.November 30th - The 2026 national civil service examination for central government agencies and their affiliated institutions was held today. The Administrative Aptitude Test was held from 9:00 AM to 11:00 AM, and the Essay Writing Test was held from 2:00 PM to 5:00 PM. The 2026 national civil service examination plans to recruit 38,100 people, a decrease of 1,600 from last year. Although the number of recruits has decreased slightly compared to last year, the number of applicants has reached a record high. According to data released by the State Administration of Civil Service, 3.718 million people passed the qualification review by employing units, with a ratio of approximately 98:1 between those who passed the qualification review and the planned recruitment number.On November 30, Venezuelan Foreign Minister Silva issued a statement via social media on the 29th, strongly condemning the US governments actions that threatened Venezuelas airspace sovereignty, calling it a "colonial threat" and "illegal aggression," and announcing that the US actions had forced the suspension of flights for Venezuelan migrants to return home. The statement noted that US President Trump posted a message on social media that day attempting to exercise "illegal extraterritorial jurisdiction" over Venezuela, issuing "orders" over Venezuelan airspace. The Venezuelan government firmly opposes this, believing that it seriously infringes upon Venezuelas airspace sovereignty, territorial integrity, and aviation safety, and is a "hostile, unilateral, and arbitrary act" that violates the purposes and principles of the UN Charter.American Airlines stated that the aircraft affected by the Airbus software glitch have been repaired.

Edging Higher as Investors Digest Jobs Data

Jimmy Khan

Jul 11, 2022 15:22

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The tech-weighted index is on track to have its greatest performance since early November if it advances for a fifth consecutive session.


As investors processed Friday's U.S. Non-Farm Payrolls data, the September E-mini NASDAQ-100 Index futures were slightly higher late in the day.


Investors are also preparing for the US consumer inflation data due out next week. The tech-weighted index is poised to end up for a fifth consecutive session, which would be its best showing since early November, despite Friday's poor trading.


September E-mini NASDAQ-100 Index futures are now trading at 12163.25, up 24.75 or +0.20 percent, as of 19:00 GMT. The S&P 500 Trust ETF (GLD) is down $0.28 or 0.07 percent, trading at $388.71.


According to a Reuters survey of experts, the Labor Department's eagerly anticipated report revealed Non-Farm Payrolls grew by 372,000 jobs in June, greater than the gain of 268,000 expected. The survey also revealed that average hourly wages increased by 0.3 percent after increasing by 0.4 percent in May, while the unemployment rate held steady at 3.6 percent, close to pre-pandemic lows.


The price movement indicates that investors have factored in the widely anticipated 75-basis point rate rise by the Fed on July 27. Gains are, however, being constrained by usually anxious traders who are fixated on analyzing every new piece of data as it is revealed. The US Consumer Inflation (CPI) data is due out on Wednesday. Due to the increase in fuel prices in June, a good start is anticipated.


Short-Term Outlook The September E-min NASDAQ-100 Index's movement into Friday's close will probably depend on how traders respond to the short-term 50 percent mark at 12021.00.