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The U.S. Commodity Futures Trading Commission (CFTC) has issued a warning to the forecasting market about the risks associated with American-style odds.New York Fed: July labor market expectations were mixed. Current and expected personal financial outlook improved in July.1. US non-farm payrolls fell by 23,000 in July, the first decline since February, compared to market expectations of an 80,000 increase. 2. The US unemployment rate fell slightly to 4.1% in July, the lowest level since June 2025, below the market median expectation of 4.2%. 3. US interest rate futures market pricing indicates that the expected rate hike by December is only 28 basis points, lower than the 32 basis points before the non-farm payroll data release. 4. Data released by the US Department of Agriculture (USDA) shows that private exporters reported sales of 238,000 tons of soybeans to China, to be delivered in the 2026/2027 marketing year. 5. On the evening of July 7, the Beijing Municipal Commission of Housing and Urban-Rural Development, the Beijing Municipal Commission of Planning and Natural Resources, and the Beijing Housing Provident Fund Management Center jointly issued a "Notice on Further Optimizing and Adjusting the Citys Real Estate Policies," clarifying that the required years of social security or individual income tax payments for non-Beijing residents purchasing commercial housing within the Fifth Ring Road have been reduced from "2 years" to "1 year." 6. White House National Economic Council Director Hassett: I believe President Trump will not give Federal Reserve Chairman Warsh advice on interest rates. 7. According to the Globe and Mail, as negotiations intensify ahead of the US threat to impose a new round of tariffs, Canada and the US are discussing a potential agreement: Ottawa would agree to meet a series of trade demands put forward by the Trump administration in exchange for tariff reductions for some industries.The New York Fed: In July, the three-year inflation forecast remained unchanged at 3.3%; the five-year inflation forecast remained unchanged at 3%.The New York Feds 1-year inflation forecast for July was 3.63%, down from the expected 3.71% and the previous reading of 3.67%.

S&P 500 Rebounds Ahead Of Tomorrow’s PPI Report

Florala Chen

Dec 09, 2022 15:39


S&P 500 Advances as Risk Appetite Increases

The S&P 500 recovered in the direction of the 3975 mark as risk appetite rose. The Initial Jobless Claims report, which was made available to traders today, showed that 230,000 Americans applied for jobless benefits in a single week. The report was in line with expert expectations and had no effect on market trends.


Despite the fact that Treasury yields are rising today, traders are concentrating on the chance to buy stocks following the recent dip.


The IT sector is driving the recovery. NVIDIA, Seagate, and Intuit are among of the companies that have benefited the most from this sector.


Most market categories are rising in today's wide upward movement. In the meantime, despite the expected recovery in oil demand in China, energy stocks are mostly unchanged as WTI oil remains under pressure.


From a broad perspective, today's trading activity appears to be a typical comeback following the significant downturn. On Friday, when traders will be concentrating on PPI readings for November and early Michigan Consumer Sentiment data for December, the market's optimism will be put to the test.