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1. WTI crude oil futures trading volume was 797,449 lots, a decrease of 74,716 lots from the previous trading day. Open interest was 1,851,196 lots, an increase of 505 lots from the previous trading day. 2. Brent crude oil futures trading volume was 169,628 lots, an increase of 2,365 lots from the previous trading day. Open interest was 238,065 lots, an increase of 3,119 lots from the previous trading day. 3. Natural gas futures trading volume was 516,728 lots, a decrease of 57,116 lots from the previous trading day. Open interest was 1,496,571 lots, a decrease of 9,397 lots from the previous trading day.HSBC raised its target price for Walmart (WMT.N) from $121 to $122.On November 21st, MarketPulse analyst Christian Norman stated that the better-than-expected US non-farm payroll data for September reinforced the Federal Reserves tendency to postpone interest rate cuts. However, a core question now exists in the market: how can the Fed guarantee making the right decisions in the absence of data? Therefore, although a high-interest-rate environment should be bearish for gold, there are signs that the market is beginning to view gold as a hedge against "policy mistakes." If the Fed decides to hold rates steady in December, but subsequent data proves that not cutting rates was a mistake, it could very well shake market confidence in the dollar. In contrast, gold has become a more reliable "safe haven." While this is currently only a secondary logic, it could indeed provide some support for gold prices, as it reflects a decline in market confidence in the Feds ability to accurately control the economy (in the absence of complete information).On November 21, Intel CEO Chen Liwu denied rumors that newly hired executive Luo Weiren had stolen confidential information from TSMC. Luo, 75, retired from TSMC in July after leading the companys research and development. "This is pure rumor and speculation, completely unfounded. We respect intellectual property rights," Chen told Bloomberg in an interview on Thursday during a semiconductor industry association event in San Jose. The event presented TSMC Chairman and President Wei Zhejia and former Chairman Liu Deyin with the industrys highest honor, the Robert Noyce Award. TSMC has not commented on the matter, and Luo has not responded.Foxconn Chairman Liu Yangwei: The Model A electric vehicle was designed by Japanese engineers and will eventually be produced in Japan.

Dow Futures Rise Subsequent to Indices' Extinction

Kate Ward

Sep 27, 2022 14:32

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Futures for U.S. shares were trading higher on Monday evening, after key benchmark indexes extended down for a sixth consecutive day as investors continued to flee amid increasing interest rates and recession fears.


Dow Jones Futures, S&P 500 Futures, and Nasdaq 100 Futures were all trading 0.2% higher about 7:20 p.m. ET (11:20 p.m. GMT) on Tuesday.


Tuesday's session will be dominated by the CB consumer confidence, the house price index, and durable goods orders.


In the meantime, mounting currency fears are further lowering risk appetite as the US Dollar surged to fresh record highs against the British pound and to 20-year highs against the Euro in the wake of last week's aggressive interest rate hikes by the U.S. Federal Reserve.


The Dow Jones Industrial Average plummeted 239.6 points, or 1.1%, to 29,260.8 during normal trade on Monday, touching its lowest level since November 2020. The S&P 500 plummeted 38.2 points, or 1%, to 3,655.1, its lowest closing since December 2020, while the NASDAQ Composite slid 65 points, or 0.6%, to 10,802.9, extending to three-month lows.


On the bond markets, 10-Year United States interest rates were 3.928%, barely below 12-year highs.

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