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The UKs Maritime Trade Operations Office: An oil tanker was hit by an unidentified object in waters near Oman.On June 13, Iranian media reported that Iranian Judicial Chief Justice Ejai stated at a commemorative event that Iran absolutely distrusts the United States. Ejai said that in recent conflicts, Iranian armed forces dealt a powerful blow to the enemy, preventing their aggression. Regarding the United States, Ejai stated that Iran absolutely distrusts the US, a distrust stemming from facts and past events. Iranian media reported on June 12 that Iran and the United States "may sign a memorandum of understanding in the coming days." However, Iran-US relations remain highly sensitive, with disagreements existing on issues such as nuclear matters and regional security.The Security Service of Ukraine (SBU) reported that a Ukrainian drone attacked the Taman oil and gas terminal in Russias Krasnodar region.On June 13, local time, an alarm at the Tokyo Electric Power Companys Fukushima Daiichi Nuclear Power Plant, used to indicate an anomaly in the transfer of contaminated water, was triggered, automatically halting the discharge of contaminated water into the sea. It is reported that there were no abnormalities in the equipment. TEPCO is currently investigating the cause of the alarm. A similar situation occurred at the Fukushima Daiichi plant on June 10.The Russian Ministry of Defense reported that Russian troops liberated 172 buildings in Konstantinovka, the "Donetsk Peoples Republic," while Ukrainian troops suffered 40 casualties.

S&P 500 Tests New Highs As FOMC Minutes Show Fed May Slow The Pace Of Rate Hikes

Jimmy Khan

Nov 24, 2022 16:23



The S&P 500 rose when the FOMC minutes were made public.


The S&P 500 hit daily highs near the 4030 level as traders reacted to the release of the FOMC Minutes.


Markets benefited since the FOMC Minutes were a little bit dovish. According to FOMC Minutes, the majority of poll participants believed that the most likely outcome at the ensuing December meeting would be a rise in the target range for the federal funds rate of 50 basis points.


It's important to note that some participants noted an increase in the risk that the total amount of policy constraint would be greater than what would be necessary to get inflation back to 2 percent.


The FedWatch Tool estimates that there is an 80.6% chance of a 50 bps increase at the subsequent Fed meeting in December. At the start of today's trading session, there was a 71.1% chance of a 50 bps hike. Equities will benefit from the chance of a "modest" rate increase, which is rising.


The bulk of market segments have been rising as of late. Energy equities were put under pressure as WTI crude closed below the $78 mark, however reports indicated that the Russian oil price restriction may be set in the $65–$70 range. Schlumberger, Halliburton, and Baker Hughes all suffered losses of 3–4% during today's trading session.

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