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Bernstein: Raised its target price for Mercedes-Benz from €60 to €66.On January 14th, the three major A-share indices rose and then fell back. At the close, the Shanghai Composite Index fell 0.31% to 4126.09 points; the Shenzhen Component Index rose 0.56%; and the ChiNext Index rose 0.82%. Market turnover approached 4 trillion yuan, with more than half of the stocks rising. After the midday close, the Shanghai and Shenzhen Stock Exchanges issued a notice adjusting the margin ratio for newly opened margin contracts from 80% to 100%. The Shanghai Composite Index quickly plunged into negative territory in the afternoon, falling as low as 0.85% to 4103.62 points. Tian Lihui, Dean of the Institute of Financial Development at Nankai University, stated that the adjustment of margin policies, coupled with efficient regulation of popular concept stocks, indicates that a "combination punch" of A-share regulation has been implemented. Policy adjustments aim to "cool down" the market, not "extinguish" it; the market will place greater emphasis on fundamentals and compliance in the future. Short-term fluctuations are inevitable, but the "slow bull" and "long bull" pattern is gradually being solidified. Investors need to abandon short-term speculative thinking, navigate market fluctuations with rationality and patience, and share in the dividends of Chinas high-quality economic development.Schlumberger (SLB.N) is expected to benefit from Trumps plans to exploit Venezuelan oil.European Commission President Ursula von der Leyen: The bond between NATO allies is "one for all, and all for one".On January 14th, Trip.com Group-S (09961.HK) announced that it had received an investigation notice from the State Administration for Market Regulation (“SAMR”). According to the notice, SAMR has initiated an investigation into the company in accordance with the Anti-Monopoly Law of the People’s Republic of China. The company will actively cooperate with the investigation. Currently, the company’s business operations are normal.

S&P 500 (SPY) Dives Towards 3500 As Inflation Rate Exceeds Expectations

Cory Russell

Oct 14, 2022 17:31

S&P 500 Falls by 2% Prior Market Trading

Following the publication of inflation statistics, S&P 500 futures are touching new lows. In contrast to the expert consensus of 8.1%, the figures showed that the inflation rate decreased from 8.3% in August to 8.2% in September.


Analysts predicted that the core inflation rate would go to 6.5%, but it actually jumped from 6.3% in August to 6.6% in September.


In the meanwhile, according to the Initial Jobless Claims report, 228,000 Americans applied for unemployment benefits in a single week, much in line with expert expectations.


Treasury rates reached annual highs as traders gambled on aggressive rate rises from the Fed in response to inflation readings that were stronger than anticipated. The 10-year Treasury yield is now attempting to stabilize above the psychologically significant 4.00% level. In the event that this effort succeeds, it will pick up further upward momentum and rise towards 4.10%, which is negative for equities.


At the start of today's trading session, tech stocks are probably going to lose ground. Leading tech companies' shares are already down more than 2% in premarket trade, including Apple, Microsoft, Alphabet, Amazon, and Tesla.


Whether traders would go for safe-haven assets in the stock market today remains to be seen. Money will move into the U.S. dollar, which is already reaching new highs, in case the fear spreads. Commodities are negatively impacted by a strong dollar, thus equities with a focus on commodities are probably going to see significant pressure today.

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