EUR/USD 1.17908
-0.028%
Gold 4494.20
0.222%
Oil 58.278
-0.173%
USD/JPY 155.802
-0.287%
GBP/USD 1.35202
0.021%
GBP/JPY 210.573
-0.262%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
According to futures market news on December 24th, as of the week ending December 20th, Japanese commercial crude oil inventories decreased by 264,762 kiloliters from the previous week to 9,958,810 kiloliters. Japanese gasoline inventories increased by 69,303 kiloliters from the previous week to 1,783,685 kiloliters. Japanese kerosene inventories decreased by 118,036 kiloliters from the previous week to 2,154,773 kiloliters. The average operating rate of Japanese refineries was 89.3%, compared to 90.8% the previous week.Sources say BP expects to receive a net gain of approximately $6 billion.Sources say the deal will value Castrol at $10 billion, including debt.Sources say BP (BP.N) is close to reaching an agreement to sell a majority stake in Castrols lubricants division to Stonepeak.December 24th - From January to November, total electricity consumption in China reached 9,460.2 billion kilowatt-hours, a year-on-year increase of 5.2%, of which industrial power generation by enterprises above designated size was 8,856.7 billion kilowatt-hours. By sector, primary industry electricity consumption was 137.4 billion kilowatt-hours, a year-on-year increase of 10.3%; secondary industry electricity consumption was 6,043.6 billion kilowatt-hours, a year-on-year increase of 3.7%, with industrial electricity consumption increasing by 3.9% and high-tech and equipment manufacturing electricity consumption increasing by 6.4%; tertiary industry electricity consumption was 1,820.4 billion kilowatt-hours, a year-on-year increase of 8.5%, with charging and swapping services and information transmission, software and information technology services increasing by 48.3% and 16.8% respectively; and residential electricity consumption was 1,458.8 billion kilowatt-hours, a year-on-year increase of 7.1%.

NASDAQ, S&P 500, Dow Jones Analysis – Stocks Retreat As Traders Focus On Recession Risks

Steven Zhao

Jan 19, 2023 17:42

微信截图_20230119173839.png

S&P 500 (SPX500)

S&P 500 found itself under pressure as traders reacted to the disappointing economic data.


Retail Sales declined by 1.1% month-over-month in December, compared to analyst consensus of -0.8%. Industrial Production declined by 0.7%, while Manufacturing Production decreased by 1.3%. Both reports missed analyst expectations.


The PPI report showed that Producer Prices declined by 0.5% in December. Treasury yields tested multi-month lows, as bond traders bet on a less hawkish Fed.


Lower Treasury yields did not provide any support to stocks as traders focused on recession risks. The pullback was broad, and all market segments moved lower. Consumer Defensive stocks were among the worst performers as Retail Sales data indicated that consumer activity was slowing down.

NASDAQ (NAS100)

NASDAQ  declined towards the 11,450 level amid a broad market sell-off. Leading tech stocks have found themselves under pressure, although Apple and Alphabet were almost flat in today’s trading session.


It should be noted that lower Treasury yields provided some support to the tech-heavy NASDAQ, which outperformed S&P 500 and Dow Jones.

Dow Jones (US30)

Dow Jones remained under strong pressure after yesterday’s sell-off. While Goldman Sachs made an attempt to rebound, other Dow Jones components were moving lower.


Honeywell, IBM, and Coca-Cola were among the biggest losers in the Dow Jones today. Currently, Dow Jones is trying to settle below the 33,500 level. In case this attempt is successful, Dow Jones will move towards the 50 EMA at 33,290.

Suggestion