EUR/USD 1.16374
0.055%
Gold 4006.42
-2.382%
Oil 61.196
-0.196%
USD/JPY 153.078
0.167%
GBP/USD 1.33341
0.171%
GBP/JPY 204.123
0.340%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
According to the Financial Times: Zuckerberg has appointed long-time deputy Vishal Shah to a key position in Meta Platforms (META.O) artificial intelligence team.On October 28th, Barclays forecast that the Federal Reserve will cut interest rates by 25 basis points this week, but there may be a split within the policymaking ranks. Governor Milan may advocate for a deeper cut, while others may favor maintaining current rates. Furthermore, Barclays also predicts that the Fed may also signal the end of its balance sheet reduction program in December.On October 28th, the United States recently increased its deployment of warships and troops in the Caribbean, as well as conducting joint military exercises, drawing strong condemnation from Venezuela. In an interview, Venezuelas Attorney General stated that the US is attempting to overthrow the Venezuelan government. In an interview, Venezuelan Attorney General Tarek William Saab stated that the US is undoubtedly attempting to overthrow the Venezuelan government and effect regime change. He also accused the US of attempting to plunder Venezuelas natural resources, including gold, oil, and copper. Regarding the possibility of a US ground invasion of Venezuela, Saab stated that such an event should not occur, but that Venezuela is prepared for it. He added that the USs so-called crackdown on drug trafficking is illegitimate, but that Venezuela remains willing to resume dialogue with the US.The Federal Reserve accepted a total of $10.642 billion from 13 counterparties in fixed-rate reverse repurchase operations.Cox Automotive: Looking ahead, the electric vehicle sector will forge a new path, no longer relying on government-backed sales incentives. As prices rise, market conditions for other vehicles are expected to become more challenging in the coming months.

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.

Suggestion