EUR/USD 1.18438
0.188%
Gold 5024.33
1.435%
Oil 62.715
-0.926%
USD/JPY 156.471
-0.397%
GBP/USD 1.36065
-0.086%
GBP/JPY 212.909
-0.481%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
New York silver futures rose above $82 per ounce, up 6.64% on the day.1. Market Trends: Platinum and palladium futures rebounded sharply. The main platinum contract is currently up over 10%, and the main palladium contract is up over 7%. Geopolitical risks remain unresolved, coupled with positive statements from Federal Reserve officials, leading to a rebound in precious metals, with platinum and palladium following suit. 2. Peoples Bank of China: Chinas gold reserves at the end of January were 74.19 million ounces (approximately 2307.567 tons), an increase of 40,000 ounces (approximately 1.24 tons) month-on-month. At the end of December, they were 74.15 million ounces (approximately 2306.323 tons), marking the 15th consecutive month of increases. 3. Federal Reserve Governor Milan stated that interest rate cuts of more than 100 basis points are needed this year, and he is looking forward to Warshs performance. The US House of Representatives passed a funding agreement negotiated by President Trump and Senate Democrats, potentially ending the partial US government shutdown. 4. Geopolitically, tensions in the Gulf region remain high. Negotiations between the US, Iran, and Oman failed to reach an effective consensus, and the possibility of future conflict between the two countries remains. 5. Nan Hua Futures View: In the medium to long term, the foundation for a platinum and palladium bull market remains intact. It is expected that the Federal Reserve will maintain its loose monetary policy stance in the first half of 2026. Central bank gold purchases, safe-haven demand, and increased investment demand will continue to push precious metal prices higher. 6. Guoxin Futures view: Against the backdrop of a global sell-off in risk assets and market risk aversion shifting towards cash rather than gold, the safe-haven premium in the precious metals sector has temporarily subsided. Looking ahead, the short-term trend of platinum and palladium will continue to passively follow the overall sentiment of the precious metals sector. 7. Xinhu Futures view: In the medium to long term, the platinum market has experienced physical shortages for several consecutive years, with limited mine capacity and insufficient capital expenditure. While demand is hampered by sales of traditional gasoline vehicles, we expect the structural gap to persist, driving prices steadily upward. Palladium supply will remain scarce in the medium term, with inventories below multi-year lows and weak buffering capacity. Low inventory + high supply concentration + potential investment inflows make palladium a highly volatile speculative product. (The above content is compiled from publicly available market data and is for reference only, not investment advice.)February 9th - According to Tianyanchas intellectual property information, Huawei Technologies Co., Ltd. recently applied to register multiple trademarks for "Huawei Energy" and "Huawei Digital Energy," covering international classifications such as scientific instruments, transportation vehicles, and machinery. All trademarks are currently awaiting substantive examination.According to Interfax news agency, the Russian Federal Security Service (FSB) stated that the assassination attempt on General Alexeyev was ordered by Ukraine with the involvement of Poland.Musk: NASA (contracts) only account for about 5% of SpaceXs revenue this year. The vast majority of SpaceXs revenue comes from the commercial Starlink system.

S&P 500 Rebounds From Session Lows As Energy Stocks Rally

Jimmy Khan

Nov 04, 2022 16:57

微信截图_20221104163926.png


As major tech companies hit new lows, the NASDAQ Composite seeks to settle below the 10,700 mark.

Big Tech Stocks Continue to Be Under Stress

As traders responded to the ISM Non-Manufacturing PMI data, which fell short of analyst forecasts, the S&P 500 recovered from session lows.


Energy stocks took the lead in the recovery from session lows today due to robust support. In today's trading session, ConocoPhillips, APA Corporation, and Marathon Oil all saw gains of 6–7%.


ConocoPhillips had significant price appreciation after exceeding analyst expectations, boosting the dividend, and expanding its share repurchase program by $20 billion.


Despite missing analyst profit expectations, Etsy increased by 14%. The firm gave a positive prognosis for the last quarter of this year, which caused the stock to rise.


Booking increased by 5% with the release of the $6.05 billion in sales and the higher-than-expected adjusted profits of $53.03 per share.


Fidelity National Information Services, which was down 25% following the publication of its quarterly report, was under a lot of pressure due to weak guidance.


Leading tech companies including Apple, Alphabet, and Amazon had declines of 2% to 3%. Meta Platforms, meanwhile, tested fresh lows at $88.50.


If the mega cap companies continue to experience pressure, the whole market will not be able to develop a sustained upward trend. Traders are nonetheless concerned that rising interest rates may harm the bottom lines of powerful corporations.


While the IT industry leaders seemed unstoppable during the coronavirus crisis, their stocks were under a lot of pressure from rising interest rates, a stronger currency, and a slowing global economy. Traders should continue to watch the large tech stocks' movements for hints regarding the S&P 500's future course.

Suggestion