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Gaza Humanitarian Foundation: The injured American is in stable condition and is receiving medical treatment. The injuries are not life-threatening. Preliminary information indicates that two attackers threw two grenades at American aid workers.According to AFP, citing official sources, Israel has not yet decided on Hamas response to the ceasefire proposal.July 5th, on Saturday, OPEC+ agreed to increase daily production by 548,000 barrels in August, further accelerating production increases. OPEC+ approved a monthly production increase of 411,000 barrels per day in May, June and July, and 138,000 barrels per day in April. Sources said that some member countries (such as Kazakhstan and Iraq) over-target production angered other member countries that insisted on production cuts. Sources said that OPEC+ hopes to expand its market share amid the increasing supply of competitors such as the United States. With the increase in production in August, the production released by OPEC+ since April will reach 1.918 million barrels per day, and only 280,000 barrels per day of the voluntary reduction of 2.2 million barrels per day have not yet been restored. The organization is still implementing other production cuts totaling 3.66 million barrels per day. The next OPEC+ meeting will be held on August 3.On July 5, Romanian Prime Minister Ilie Bologan said in an interview with the media that the recent claims that Romania might send troops to Ukraine are unfounded and Romania will not consider military intervention in the Russian-Ukrainian conflict under any circumstances. However, Bologan also pointed out that Romania will continue to gradually increase its military budget to meet NATOs requirements and be consistent with the EUs broader militarization agenda.According to the latest battle report from the Russian Ministry of Defense, the Ukrainian army lost about 1,265 soldiers during the special military operation in the past day and night.

S&P 500 (SPY) Rebounds As Buyers Emerge After Sell-Off

Jimmy Khan

Sep 15, 2022 14:26

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Markets Rebound From Yesterday's Sell-Off The S&P 500 advanced in the direction of 3950 as stocks recovered from yesterday's sharp decline.


Stocks received some support today from the PPI data, which revealed that PPI fell by 0.1% month-over-month in August. As long as inflationary pressure remained high, it should be highlighted that Core PPI climbed by 0.4% month over month as opposed to the analyst consensus estimate of 0.3%.


Today, 10-year Treasury rates attempted to settle over 3.80% and Treasury yields tried new highs. Trading speculation that the Fed would be obliged to hike rates quickly is driving up Treasury yields, which might eventually put more pressure on tech companies.


Leading tech stocks are now attempting to recover from yesterday's disaster. Apple is up 1%, while Tesla is up 4%. Meta continues to see significant pressure and is attempting to go below the $150 mark by reaching annual lows.


As WTI oil keeps rising, energy equities outperform other market sectors. In today's trade, Schlumberger is up 4% and Exxon Mobil is up 3%.


It should be emphasized that the comeback today is not significant. Rising Treasury rates have put significant pressure on the real estate market. The sector for basic materials is also declining. For instance, today's share price decline of 3.5% for big copper producer Freeport-McMoRan

The trading activity today demonstrates that after yesterday's sell-off, traders are still uneasy. Markets are most at risk from a hawkish Fed, therefore trading will probably remain bumpy until the Fed Interest Rate Decision is announced on September 21.

The S&P 500 Attempts To Hold Above 3950

The S&P 500 is now attempting to stabilize above the 3950-level barrier. The S&P 500 will proceed toward the next resistance level, which is at 3980, if this effort is successful. S&P 500 will be pushed toward the barrier at 4000 if it moves over this point.


On the support side, the S&P 500's closest support level is found at the most recent lows, which are 3920. S&P 500 will go toward the next support at 3900 if it is able to settle below this level. The support at 3885 may then be tested if this level is successfully tested.

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