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According to Brazilian media outlet Folha, Brazils antitrust regulator CADE has launched an investigation into Apples (AAPL.O) contactless payment functionality on its iOS system.US-Israel-Iran Conflict: ① Iran 1. Iran: US and Israeli attacks on judicial institutions resulted in 14 deaths and 50 injuries. 2. Most of Iran is cut off from the international internet. 3. Iran attacked a US-owned oil refinery in Riyadh, causing a fire. 4. Iran attacked US military bases and Kurdish armed bases in Iraq. 5. The Iranian Revolutionary Guard has attacked more than 100 targets in Tel Aviv, Israel. 6. Iran launched cluster-warhead missiles at Israel, damaging a railway station. 7. Irans energy facilities were attacked; it vowed to retaliate by attacking oil facilities in three Middle Eastern countries. 8. Irans Supreme Leader issued a statement regarding the assassination of Larijani: the blood debt will soon be settled. 9. National Iranian Gas Company: the fire at the South Pars gas field has been extinguished, and energy supply is normal. ② US 1. Sources: Trump is still weighing the risks of a ground invasion of Iran. 2. US media: Trump hopes Israel will postpone further attacks on Iranian energy facilities. 3. The US military claims to have used several heavy munitions to strike Iranian missile sites along the Strait of Hormuz. 4. US media reports that the US intends to destroy Iranian military power and then cease hostilities as soon as possible, while Israel insists on pursuing and killing the Iranian leader. 5. According to ABC News: Since the start of the war, at least 10 radar stations used by the US and its allies have been attacked by Iranian drones or missiles. ③ Israel 1. Israeli military: First attack on targets in northern Iran since the start of the war. 2. Israel attacks the worlds largest gas field, Irans South Pars gas field. 3. Israeli Foreign Minister: The Strait of Hormuz stalemate is a global maritime terrorism. 4. According to Axios: The Israeli Air Force strikes more than five Iranian naval targets in the Caspian Sea. 5. Israeli Defense Minister: The Iranian intelligence minister has been killed, and the Israeli military has been authorized to kill any senior Iranian officials. ④ Other 1. The UAE claims to have been attacked by 13 missiles and 27 drones today. 2. Kremlin: We strongly condemn the killing of the Iranian leader. 3. Qatar condemns Israels attack on the Iranian gas field as an "irresponsible act." 4. International Maritime Organization: The situation in the Strait of Hormuz has left approximately 20,000 seafarers stranded at sea. 5. UAE Ministry of Foreign Affairs: The strikes against Iranian energy facilities at the South Pars gas field pose a threat to global energy security. 6. IAEA Director General Grossi: The attacks on Iran have not resolved the nuclear issue. He urged the US and Iran to return to negotiations. 7. Indian Prime Minister Modi, in a phone conversation with the Crown Prince of Kuwait, stated that ensuring the safety and freedom of navigation in the Strait of Hormuz remains Indias top priority. Other news: 1. Riyadh, the capital of Saudi Arabia, was attacked by ballistic missiles. 2. Israeli military attacks on Beirut, the capital of Lebanon, have resulted in 6 deaths. 3. Multiple locations in Israel were attacked by rockets from Lebanon. 4. Qatar claims that Iranian missiles hit an LNG hub, causing severe damage. 5. Russian Deputy Prime Minister: The Middle East conflict has triggered the worst energy crisis in 40 years. 6. The Israeli military stated that it will launch attacks on border crossings on the Litani River in Lebanon starting at noon. 7. An Iranian projectile struck the Australian airbase in Minhad, UAE; no injuries were reported. 8. The Iraqi armed group Kataib Hezbollah announced a five-day suspension of attacks on the U.S. embassy in Iraq, subject to certain conditions.Abu Dhabi Media Office: Authorities are dealing with two incidents of falling debris after successfully intercepting missiles targeting the Habshan gas facility and the Bab oil field.On March 19, local time, Iran launched the 63rd round of Operation True Commitment-4 in the early hours of the morning. The Iranian Islamic Revolutionary Guard Corps issued an emergency statement announcing a large-scale missile attack on US-related oil and energy facilities in the region. This operation was a direct and reciprocal retaliation for the earlier attacks on Iranian energy infrastructure on March 18. The statement indicated that the retaliatory action aimed to target energy facilities "with US interests and US ownership." The statement emphasized that Iran originally did not want the war to escalate to the energy sector, nor did it wish to affect the economies of neighboring countries, but the enemys provocations have led the war into a "new phase." The statement confirmed that the Iranian armed forces have carried out multiple rounds of strikes to ensure that the damage suffered by the enemy is on par with the damage to Iranian infrastructure. The statement also warned that if the attacks continue, Iran will expand the scope of its strikes to all energy infrastructure of US and Israeli allies, until it is "completely destroyed."PetroReconcavo, Brazils oil company, estimates its proven oil reserves at 80.1 million barrels by the end of 2025.

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.