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Eurozone bond yields rose 3-4 basis points after a European Central Bank survey showed that consumers significantly raised their inflation expectations in March.On April 28, the State Council Information Office held a regular policy briefing to introduce the "Opinions on Promoting the Expansion and Quality Improvement of the Service Industry." Shen Zhulin, Vice Chairman of the National Development and Reform Commission, stated that during the 15th Five-Year Plan period, local governments will be guided to promote the construction of urban parking facilities in a categorized manner, with a focus on older residential areas. This will involve revitalizing existing resources and exploring idle and marginal land resources to support the construction or renovation of parking facilities, thereby helping to address the parking difficulties.On Tuesday, April 28, the Hang Seng Index closed down 245.87 points, or 0.95%, at 25,679.78; the Hang Seng Tech Index closed down 112.65 points, or 2.28%, at 4,827.19; the H-share Index closed down 111.51 points, or 1.27%, at 8,644.81; and the Red Chip Index closed down 1.85 points, or 0.04%, at 4,336.7.Arm (ARM.O) shares fell 6.1% in pre-market trading.April 28 – A survey released by the European Central Bank (ECB) on Tuesday showed that eurozone banks tightened credit access in the three months to March and expect it to continue tightening this quarter, driven by the Iranian conflict pushing up energy prices and financing costs. The ECBs quarterly bank credit survey of 21 eurozone countries showed that financing conditions began to deteriorate after the outbreak of the conflict in Iran in late February. Banks tightened their lending standards more than expected, particularly for businesses, the most significant tightening since the third quarter of 2023. The ECB stated, "A rise in risk perceptions of the economic outlook and a decline in banks risk tolerance were the main reasons, with banks noting in an open-ended question that geopolitical and energy developments put pressure on credit tightening." The bank added, "Some banks also reported additional tightening pressure related to exposure to energy-intensive businesses and the Middle East." The ECB said that banks expect credit standards to tighten "generally and more significantly" further in the three months to June.

S&P 500 Price Forecast – Stock Markets Continue to Hover

Skylar Shaw

Jan 11, 2023 15:04

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Technical Analysis of the S&P 500

During Tuesday's trading session, the E-mini S&P 500 contract slightly declined and fell below the 50-Day EMA as Jerome Powell took the podium to deliver a speech. Given that not much changed after his speech, it is perhaps not shocking to see that the market has reversed course and returned to its previous level. The issue of whether or not we can hold onto this region is very different, and it is fairly probable that the Thursday session will be far more significant since the CPI statistics will be out during that session.


You need to pay great attention to those data because they are significant at a time when the globe is still concerned about inflation. In the end, the market will continue to oscillate a lot, but for now, the 200-Day EMA, which is now at the 4000 level, is sandwiched between the 50-Day EMA and the 200-Day EMA signs. I feel that we should "fade the rallies," but because there has likely been a lot of loud activity in the meantime, I do believe that it will likely not be long before we must make a more significant choice.


Nevertheless, do not undervalue Wall Street's capacity for seeing the positive side of any situation. However, sooner or later, the wise money will arrive and put everyone on the defensive. The 200-Day EMA and the 4000 level are slightly above us, and we are also in a well defined channel.

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