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Bernstein: Raised its target price for Mercedes-Benz from €60 to €66.On January 14th, the three major A-share indices rose and then fell back. At the close, the Shanghai Composite Index fell 0.31% to 4126.09 points; the Shenzhen Component Index rose 0.56%; and the ChiNext Index rose 0.82%. Market turnover approached 4 trillion yuan, with more than half of the stocks rising. After the midday close, the Shanghai and Shenzhen Stock Exchanges issued a notice adjusting the margin ratio for newly opened margin contracts from 80% to 100%. The Shanghai Composite Index quickly plunged into negative territory in the afternoon, falling as low as 0.85% to 4103.62 points. Tian Lihui, Dean of the Institute of Financial Development at Nankai University, stated that the adjustment of margin policies, coupled with efficient regulation of popular concept stocks, indicates that a "combination punch" of A-share regulation has been implemented. Policy adjustments aim to "cool down" the market, not "extinguish" it; the market will place greater emphasis on fundamentals and compliance in the future. Short-term fluctuations are inevitable, but the "slow bull" and "long bull" pattern is gradually being solidified. Investors need to abandon short-term speculative thinking, navigate market fluctuations with rationality and patience, and share in the dividends of Chinas high-quality economic development.Schlumberger (SLB.N) is expected to benefit from Trumps plans to exploit Venezuelan oil.On January 14th, Trip.com Group-S (09961.HK) announced that it had received an investigation notice from the State Administration for Market Regulation (“SAMR”). According to the notice, SAMR has initiated an investigation into the company in accordance with the Anti-Monopoly Law of the People’s Republic of China. The company will actively cooperate with the investigation. Currently, the company’s business operations are normal.European Commission Executive Vice-President Dombrovskis: Work is underway to make up for Ukraines funding shortfall in the first quarter.

FTX Focus Weighs on Sentiment

Eric Stanberg

Dec 22, 2022 16:05

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For the top 10 cryptos on Wednesday, it was a negative session. The descent was headed by BNB and ADA. It is noteworthy that BTC missed $17,000 for the fourth time in five sessions.


On Wednesday, US economic indices and business profits took a backseat. Investor attention has now shifted back to FTX and former CEO Sam Bankman-Fried. Uncertainty surrounds the extradition to the US since SBF is expected to provide material that might alarmed investors and heighten congressional attention in the US.


The link between FTX and Binance and if Binance was to blame for the demise of FTX will probably be one topic of government concern.


In order to put more pressure on the cryptocurrency market, SBF may also offer a list of other platforms that run the danger of collapsing as a result of the repercussions.


Despite the NASDAQ Index rising 1.54% on better-than-anticipated US consumer confidence data and positive Nike (NKE) and FedEx (FDX) quarterly results, Wednesday's session was gloomy.


Today's focus will be on FTX updates, with attention likely focused on US economic statistics. The weekly unemployment claims might change the course of events, barring an adjustment to the Q3 GDP figures. The NASDAQ mini was up 9.75 points this morning, offering initial assistance.