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On September 11, Canadian Prime Minister Mark Carney stated that while the trade measures imposed by the United States on Canada this week will impact some businesses, the overall impact will be "limited." He also hinted that the government currently has no plans for retaliatory action. "We fully recognize that these measures have a significant impact on individual businesses and specific industries," Carney said. "But I also believe that when considered in the context of other measures taken by the U.S. government, these measures are relatively limited." When asked whether Canada would retaliate, Carney stated that the best approach is to focus on the governments established plans to strengthen the domestic economy and diversify trade and economic relations.Meta Platforms (META.O) announced a cash dividend of $0.53 per share, payable on September 28, 2026.The Central Bank of Peru kept its benchmark interest rate unchanged at 4.25%.September 11th - According to Nikkei, Nissan Motor Co. will maintain a domestic production capacity of 1 million vehicles in Japan by reallocating production among its remaining plants after closing one. The Japanese automaker announced on Thursday that the production of minivans currently manufactured at its two plants in Fukuoka Prefecture will be transferred to its Tochigi Prefecture plant over the next two to three years. Nissans Oihama plant in Kanagawa Prefecture will cease operations at the end of fiscal year 2027. This is part of Nissans plan to close and restructure seven vehicle assembly plants globally. After the closure of the Oihama plant, Nissans domestic production capacity in Japan will be reduced to approximately 800,000 vehicles. Including vehicles manufactured by Mitsubishi Motors, Nissans domestic production capacity in Japan will remain at approximately 1 million vehicles.On September 11, Canadian Prime Minister Mark Carney met with visiting Ukrainian President Volodymyr Zelensky in Calgary, Alberta, on September 10. The two sides decided to cooperate in expanding the production of military drones and announced a series of new agreements. According to a press release from the Prime Ministers Office, Canada will establish a national digital platform for military drones, modeled after Ukraines "Brave One" drone platform, to accelerate the research, development, procurement, and deployment of drones and counter-drone systems, ensuring the equipment supply for the Canadian Armed Forces and Coast Guard. Canada has signed an initial procurement contract worth CAD 50 million (approximately USD 36.15 million). In addition, the two sides signed the "Canada-Ukraine Centennial Partnership Declaration" and a joint declaration on strengthening defense and security cooperation.

The US Stock Market Continues to Pull Back

Skylar Shaw

Apr 02, 2022 11:25

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S&P 500 Technical Analysis

On Friday, the S&P 500 sought to climb in the futures markets but gave back gains, indicating weakness. As a result, the market currently threatens the 4500 level in the futures market, which has previously been a key sector. As a result, it'll be fascinating to watch whether we can pull back much farther, possibly to the 50 Day EMA.


The candlestick's magnitude isn't particularly impressive, but it appears like the 4500 goal I suggested before will be tested. If we break it down further, the 50 Day EMA, which is at the 4400 level, makes a lot of sense, followed by the 200 Day EMA, which is also at that level. 


The market is still highly loud, and I believe it will continue to be so in the future. After all, there are a slew of confusing signals at the present, not least in the bond market, where many traders anticipate we'll see as many as eight interest rate hikes, while others say it's impossible.


Find a reason to go higher, but this is due to the fact that it is unconcerned about the underlying economy. Keep in mind that stock markets are about liquidity more than anything economic. If it were the case, the latest straight-up-in-the-air photo would not have taken place. 


That said, savage rallies are common in bear markets, so, while hope springs eternal, I'll be betting on the downside through options rather than directly in the market.


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