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November 29th - European Central Bank President Christine Lagarde stated that current interest rates are in an appropriate range and the ECB is fully prepared for policy changes. "In my view, the interest rate levels set at the previous meetings were appropriate," Lagarde said in an interview. "Given that the inflation cycle is under control, we remain in a favorable position." When discussing risks to the inflation outlook, she noted that the scope of risks has narrowed, but if the US imposes additional tariffs or supply chains are disrupted again, prices could face renewed upward pressure.The Federal Reserve accepted a total of $7.561 billion from eight counterparties in its fixed-rate reverse repurchase operations.Iranian Foreign Minister Karas emphasized the importance of Iran maintaining contact and consultations with European parties to exchange views on the regional and international situation.Iranian Foreign Minister and EU High Representative for Foreign Affairs and Security Policy Karas discussed Iran-EU relations, regional and international situations.According to the U.S. Energy Information Administration (EIA), U.S. crude oil exports rose to 4.159 million barrels per day in September (up from 3.52 million barrels per day in August), gasoline exports fell to 772,000 barrels per day (up from 790,000 barrels per day in August), distillate fuel exports fell to 1.37 million barrels per day (up from 1.395 million barrels per day in August), and total refined product exports rose to 3.21 million barrels per day (up from 3.135 million barrels per day in August).

NASDAQ, S&P 500, Dow Jones Analysis – Stocks Move Higher In Choppy Trading

Jimmy Khan

Jan 11, 2023 14:42

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S&P 500 (SPX500)

The S&P 500 increases in value throughout today's trading session as a result of Fed Chair Powell's less aggressive speech in Stockholm. In his remarks, Powell emphasized the significance of central bank independence, which was the major subject of the gathering. He also said that in order to get inflation back to the desired level, controversial steps will be required.


Stocks received some support today from the lack of hawkish remarks, as the S&P 500 finished close to the 3900 mark. Given that the real estate, consumer defense, and utility sectors are all losing ground, it should be emphasized that today's movement is not significant.


Until Thursday, when traders will be concentrating on the inflation figures, trading might remain volatile. The main banks will start the earnings season on Friday. For a few weeks, traders will be more interested in company reports than Fed policy.

NASDAQ (NAS100)

Today's trading session saw some progress for NASDAQ as well. The NASDAQ today received assistance from Amazon and Meta's good performance.


As short-term traders take some gains off the table after the recent rally, Tesla is down 2% in the meantime. From a broad perspective, Tesla is still in a downward trend, therefore further encouraging developments are required for the company to resume its upward trajectory.


Even if Treasury rates are rising today, yield-sensitive tech equities are unaffected by this development. The upward trend for NASDAQ is highlighted by the respectable performance of the tech stock sector.

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