EUR/USD 1.14962
0.651%
Gold 5002.08
-0.280%
Oil 94.629
-1.905%
USD/JPY 159.129
-0.339%
GBP/USD 1.33065
0.605%
GBP/JPY 211.750
0.264%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
US judge: Bank of America (BAC.N) has reached a "settlement in principle" with the civil lawsuit brought by the plaintiffs in the Jeffrey Epstein case.March 16 – Following last weeks agreement to release a record amount of emergency oil reserves, the International Energy Agency (IEA) stated that it could provide even more reserves if needed. IEA Executive Director Fatih Birol said, "The IEAs swift action has had a stabilizing effect on the market. However, while our inventory releases are currently providing a buffer, this is not a long-term solution." Birol emphasized that for the oil and gas industry, "the most important thing" is to restore normal passage through the crucial Strait of Hormuz, which has been disrupted by the war in the Middle East. He stated that more oil is flowing into Asian markets, which are most dependent on oil supplies from the Middle East.The SC crude oil futures contract narrowed its losses to 4.26%, currently trading at 737.7 yuan per barrel, after previously falling by more than 7%.The BBC filed a motion in a Florida federal court on Monday seeking to dismiss US President Donald Trumps $10 billion defamation lawsuit.On March 16th, a $10 million profit was realized from an options trade targeting short-term interest rates, driven by this months sharp rise in oil prices and a downward revision of market expectations for further easing by the Federal Reserve. This bet, placed in January in the form of options related to the overnight funding rate, which is closely correlated with the Feds policy direction, was reflected in the CME Groups positioning data covering Fridays trading, released Monday. The data showed that selling of the options at the end of last week matched the profit-taking on the position. This bet, which existed before the outbreak of war in the Middle East, indicated that the Feds interest rates would be higher by mid-2028 than was generally expected in January. The bet turned profitable last week as the conflict caused oil prices to rise to their highest level since 2022, raising concerns about inflation and prompting traders to expect the Fed to maintain higher interest rates for a longer period.

S&P 500 Remains Under Pressure As Traders Stay Cautious

Cory Russell

Dec 08, 2022 15:49


Tesla Stock Is Still Under Severe Stress

The S&P 500 made an attempt to settle above 3960 after recovering from session lows near the level of 3915 as the stock market sought to regain stability following the recent pullback. S&P 500, however, remained below 3960 and moved closer to 3930.


Although the yield on 10-year Treasuries tested new lows near 3.40%, stocks were not significantly helped by this development.


Concerns about the demand for the company's vehicles caused Tesla to decline by more than 3%. Morgan Stanley reduced its iPhone estimate, which caused Apple to decline by more than 1%.


As the sell-off in the oil markets continued, pressure on the energy stocks persisted. Oil services companies took the lead in the retreat. Halliburton


From a broad perspective, traders are still concerned about a possible global recession. At the same time, it is important to remember that the safe-haven U.S. dollar has risen significantly from its yearly lows and that Treasury yields have sharply declined in recent weeks.


It is unclear if traders will be willing to take on more risk before the Fed meeting. The market might therefore continue to be choppy in the coming trading sessions unless investors discover a significant catalyst that would spark a significant move.

Suggestion