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Market news: Investment group SWI becomes NVIDIA Cloud partner.Bank of England Governor Bailey warned the G20 that new artificial intelligence models pose a threat to stability, and that measures to ensure the safe development and deployment of AI are a top priority.August 31 – As of August 30, the Xinjiang Border Inspection Station had inspected over 3.53 million inbound and outbound passengers this year, a year-on-year increase of 28.2%, reaching this milestone 54 days earlier than last year. Among them, 1.607 million were foreigners, a year-on-year increase of 28.3%, with 647,000 foreigners entering the country enjoying visa-free or temporary entry permit policies, accounting for 79% of the total number of foreign inbound passengers.MINIMAX-W (00100.HK) rose more than 13%, and Zhipu (02513.HK) rose more than 3%.August 31 – Data from ship tracking and trade sources indicates that Asian diesel exports to Africa are expected to reach a new high in at least four and a half years in August. This follows a decline in Middle Eastern diesel shipments, prompting African buyers to seek alternative supply sources. Data from Kpler, Vortexa, and a trade source shows that Asia, including India, will export 1.8 million to 2 million tons of diesel to Africa this month, equivalent to 13.4 million to 14.9 million barrels. Meanwhile, data from LSEG, Kpler, and the aforementioned trade source shows that Middle Eastern diesel exports to Africa fell to 600,000 to 800,000 tons in August, the lowest level in nearly nine years, due to ongoing shipping risks in the Bab el-Mandeb Strait and the Strait of Hormuz. According to Kpler, approximately 50% of Africas diesel imports last year came from the Middle East, with 40% originating from Saudi Arabia. Multiple trade sources indicated that declining operating rates at some of Saudi Aramcos refineries, including those in Jizan, have further limited Saudi diesel exports. According to Kpler data, diesel shipments from the Jizan refinery to Africa fell to zero in August, compared to 163,000 tons in July.

Daily Crypto Market Recap - XRP Joins DOGE and BNB in the Green

Alina Haynes

Nov 01, 2022 17:55

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Monday was a mixed day for the top 10 cryptocurrencies, with dogecoin (DOGE) advancing and ethereum (ETH) falling. The broader market was pulled down by the NASDAQ Composite Index's poor month-end performance, while XRP, BNB, and DOGE enjoyed bullish days. The market capitalization of cryptocurrencies decreased by $0.506 billion to close the month at $971.9 billion. The crypto top 10 experienced a mixed Monday session. Dogecoin (DOGE) resumed its climb toward $0.20, while binance coin (BNB) and ripple (XRP) defied the trend. However, BTC touched red for the second time in four sessions despite avoiding sub-$20,000 territory for the sixth day in a row.

 

The absence of US economic indicators left the NASDAQ to exert influence. As investors prepare for Wednesday's FOMC interest rate decision and press conference, market caution has returned after last week's Fed pivot-driven gains.

 

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Important statistics include ISM Manufacturing PMI, JOLTs job vacancies, and ADP nonfarm employment change figures prior to Wednesday's decision. In light of the contradictory statistics from the previous week, we can anticipate sensitivity to the numbers.

 

Today, economic indicators in the United States include the ISM Manufacturing PMI and JOLTs job opportunities.

 

The markets will look beyond the headline numbers for both reports. The ISM survey will likely focus on new orders, cost pressures, and employment, while the JOLTs report will highlight quit rates.

 

While the markets have priced in a 75-basis-point November hike, December's action remains unknown.

 

The FedWatch Tool placed the probability of November and December rate hikes at 89.2% and 47.2%, respectively, prior to Tuesday's session. Prior to one week, the probability of a 75-basis-point increase in December stood at 54.9%.

 

Given the crypto market's sensitivity to US economic statistics and the FED, the correlation with the NASDAQ 100 is likely to persist in the near future. The NASDAQ 100 Mini gained 26.25 points this morning. The NASDAQ Composite Index lost 1.03 percent on Monday.