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Bank of Japan Governor Kazuo Ueda: Japanese Prime Minister Sanae Takaichi did not make any specific policy requests.Bank of Japan Governor Kazuo Ueda: I cannot comment on the specific details of my meeting with Japanese Prime Minister Sanae Takaichi.Bank of Japan Governor Kazuo Ueda: I have had a routine information exchange with Japanese Prime Minister Sanae Takaichi.February 16th - According to the BBC, the British Prime Minister is considering a significant increase in defense spending. Downing Street is reportedly considering achieving its current spending targets ahead of schedule, a move that could cost billions of pounds. Prime Minister Starmer expressed his stance at the Munich Security Conference, stating, "To address the broader threats, it is clear we need to invest more money, and at an accelerated pace." Last year, the Prime Minister pledged to increase core defense spending to 2.5% of GDP by April 2027. However, he also proposed an "ambitious" plan to increase this spending to 3% of GDP by the end of the next parliamentary term. The BBC understands that the Prime Ministers staff are studying options to achieve the 3% defense spending target before the end of the current parliamentary term, which may extend to 2029.February 16th - According to foreign media reports, Hungarian Foreign Minister Péter Szijjártó stated that Hungary and Slovakia have requested Croatia to allow Russian oil transported by sea to transit through their territory until Ukraine resumes transit through the "Friendship" oil pipeline for "political reasons." Szijjártó stated that Hungary and Slovakia have been granted exemptions from the European embargo on Russian oil. The exemption stipulates "the possibility of obtaining Russian oil by sea when pipeline transport is impossible." Previously, Ukrainian authorities claimed that an oil pipeline was damaged at the end of January and that oil transit operations had not yet resumed. However, Szijjártó pointed out that Kyivs actions were based on fabricated political motives, as there is no technical basis for such a request.

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.

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