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According to Irans Press TV, Hezbollah in Iraq has expressed support for the Houthi rebels in Yemens retaliatory actions in response to Saudi Arabias continued deadly aggression against Yemen.On September 8th, the State Administration for Market Regulation issued a notice on comprehensively cultivating "Safe Consumption Units and Clusters." The notice proposes to widely cultivate a number of "Safe Consumption Units and Clusters" that enhance consumption quality, improve consumer experience, and innovate consumption scenarios, thereby driving sustained consumption growth. By 2030, there will be more than 5,000 "Safe Consumption Clusters" nationwide, with widespread coverage of "Safe Consumption Units" in key industries, the "Safe Consumption in China" brand basically established, and consumers sense of gain significantly enhanced.The Dutch Foreign Minister stated that as partners of the EU and NATO, the Baltic states cooperate with the Netherlands on European security, support for Ukraine, and exerting greater pressure on Russia to end the war. He added that discussions to further deepen cooperation will take place in Lithuania, Estonia, and Latvia in the coming days.On September 8, the Houthi rebels in Yemen issued a statement claiming that Saudi Arabia had launched 121 airstrikes over the past three days from King Khalid Air Base in Khamis Mushait and King Fahd Air Base in Taif, targeting the provinces of Marib, Baida, Hodeidah, Taiz, and Jawf. The statement said that the Houthis launched a large-scale military operation in response to these Saudi actions, using dozens of ballistic missiles and drones to attack Saudi Aramco facilities in Abha, Najran, Economic City, Saudi Aramcos Jizan facilities, and the Khamis Mushait Air Base. The statement claimed that the attacks "hit their targets" and caused significant damage to the facilities. The statement also asserted that Saudi Arabia should bear responsibility for the escalation of the situation and warned that any attacks against Yemen would be met with a response. Finally, the statement said that the Houthis would continue their military operations deep within Saudi territory and continue their so-called "blockade against blockade" operation until "the military operation ceases and the blockade of Yemen is lifted."Russian Ministry of Defense: Russian forces have taken control of the settlements of Belezniki and Dorzhinkoye in the Kharkiv region.

S&P 500 Tests New Highs As FOMC Minutes Show Fed May Slow The Pace Of Rate Hikes

Jimmy Khan

Nov 24, 2022 16:23



The S&P 500 rose when the FOMC minutes were made public.


The S&P 500 hit daily highs near the 4030 level as traders reacted to the release of the FOMC Minutes.


Markets benefited since the FOMC Minutes were a little bit dovish. According to FOMC Minutes, the majority of poll participants believed that the most likely outcome at the ensuing December meeting would be a rise in the target range for the federal funds rate of 50 basis points.


It's important to note that some participants noted an increase in the risk that the total amount of policy constraint would be greater than what would be necessary to get inflation back to 2 percent.


The FedWatch Tool estimates that there is an 80.6% chance of a 50 bps increase at the subsequent Fed meeting in December. At the start of today's trading session, there was a 71.1% chance of a 50 bps hike. Equities will benefit from the chance of a "modest" rate increase, which is rising.


The bulk of market segments have been rising as of late. Energy equities were put under pressure as WTI crude closed below the $78 mark, however reports indicated that the Russian oil price restriction may be set in the $65–$70 range. Schlumberger, Halliburton, and Baker Hughes all suffered losses of 3–4% during today's trading session.

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