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Susquehanna International: Raised the target price for Micron Technology (MU.O) to $200, from $160 previously.Gold options data show that before the Feds decision, the Put/Call ratio continued to rise but was still below 1, indicating that bullish expectations still prevailed, but short- and medium-term precautions against pullbacks increased; the transaction ratio returned to around 0.5, the short-term short-selling momentum weakened, and the market was more inclined to oscillate or slowly rise. The high probability range rose from 15% to nearly 19%, and the slope became steeper, especially above 3680-3700 (spot price of about 3673-3693), indicating that "high prices mean strong waves", and once it breaks through, it is easy to trigger a rapid saw-saw and a false breakthrough. Strategically, pay attention to the gains and losses of 3680-3700: if the position ratio is greater than 1 and the implied volatility continues to rise and approaches 20%, tend to reduce positions at highs and defend retreat; if the transaction ratio continues to weaken toOn September 17th, ahead of the Federal Reserves interest rate decision (widely expected to be a 25 basis point rate cut), long-term U.S. Treasury yields edged lower, with the 10-year yield approaching 4%. Short-term Treasury yields were largely unchanged, as the market has already priced in a rate cut. However, if the decision includes any comments on future interest rate trends, yields could fluctuate. "Bond investors remain cautious, and we expect yields to react," said Frank Walbaum of Naga in a report. The market analyst noted that weakening economic expectations or policy guidance for further rate cuts could lead to further declines in Treasury yields and the US dollar; however, a more cautious signal could provide temporary relief.Novo Nordisk (NVO.N): Trials of semaglutide for Alzheimers disease are "like a lottery."Kremlin: (Regarding the EUs plan to accelerate the phase-out of Russian energy) Russia defends its own interests and will not be affected by sanctions.

Dow Futures Decline; Focus on CPI And Fed Meeting

Aria Thomas

Dec 12, 2022 10:17

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On Sunday evening, U.S. stock futures were trading lower as key benchmark averages plunged to 3-week lows due to rising recession concerns. Important CPI data and a highly anticipated 50 basis point rate hike from the Federal Reserve were awaited by investors.


At 6:25pm ET (11:25pm GMT), Dow Jones Futures and S&P 500 Futures were down 0.2%, while Nasdaq 100 Futures were down 0.3%.


Following four consecutive months of 75 basis point rises, market participants will closely examine Tuesday's consumer price index data and Wednesday's Federal Reserve interest rate decision and announcement, with policymakers projected to hike rates by 50 basis points. Moreover, market players will closely track retail sales, manufacturing and services PMIs, industrial production, and the Philadelphia Fed Manufacturing Index.


The Dow Jones Industrial Average fell 305 points, or 0.9%, to 33,476.5 on Friday, while the S&P 500 lost 29.1 points, or 0.7%, to 3,934.4 and the NASDAQ Composite sank 77.4 points, or 0.9%, to 11,044.6. For the week, the Dow sank 2.5%, the S&P 500 fell 2.8%, and the NASDAQ fell 3.4%.


In terms of statistics, the producer price index for November increased by 0.3%, exceeding expectations of 0.2%, while the annualized growth rate decreased from 8.1% to 7.4%, surpassing expectations of 7.2%, and the Michigan consumer confidence index increased from 56.8 to 59.1, exceeding expectations of 56.8.


The 10-Year U.S. bond market interest rate was 3.584%.


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