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The Israeli military stated that it has detected missiles launched by Iran toward Israel.Qatars Ministry of the Interior stated that the security threat level is "high" and urged the public to stay indoors.On April 8, South Koreas Joint Chiefs of Staff reported that North Korea launched an unidentified projectile eastward from the Pyongyang area on April 7. The projectile experienced abnormalities in the initial stages of launch and was eventually destroyed by fire. The Joint Chiefs of Staff stated that South Korean and U.S. intelligence agencies are analyzing the projectiles detailed parameters. North Korea has not yet responded.Futures News, April 8th: 1. Heavy rainfall and severe convective weather are expected in the Jianghan and Jianghuai regions. From April 8th to 10th, moderate to heavy rain is expected in parts of the Jianghan, Jianghuai, northern Jiangnan, and Chongqing areas, with localized torrential rain or extremely heavy rain, accompanied by short-term heavy rainfall, thunderstorms, strong winds, or hail. ② The Central Meteorological Observatory issued a blue rainstorm warning and continued to issue a blue warning for severe convective weather at 06:00 on April 8th. It is expected that from 08:00 on April 8th to 08:00 on April 9th, heavy to torrential rain is expected in parts of southern and eastern Hubei, central and northern Anhui, southern Henan, and central and northern Jiangsu, with localized extremely heavy rain (100-150 mm) in eastern Hubei. These areas will also experience short-term heavy rainfall (maximum hourly rainfall of 20-40 mm, locally exceeding 50 mm), and localized thunderstorms, strong winds, or hail. 2. Heavy rainfall has occurred in areas near the Great Lakes and in Japan. Yesterday, moderate to heavy rain occurred in parts of Mexico, eastern Brazil, Uruguay, northern Argentina, Okinawa (Japan), Indonesia, Malaysia, Thailand, the North Island of New Zealand, and the Solomon Islands, with some areas experiencing torrential rain or extremely heavy rain. Moderate to heavy snow or sleet occurred in southern Canada, the Great Lakes region, the Labrador Peninsula, Iceland, Norway, Sweden, Finland, and central Russia, with some areas experiencing blizzards or extremely heavy snow. 3. Precipitation will continue in Afghanistan and Pakistan. Over the next three days, influenced by an upper-level trough, a low-level warm and moist jet stream, and orographic lifting, eastern Afghanistan and northeastern Pakistan will continue to experience moderate to heavy rain, with some areas experiencing torrential rain.On April 8, Iranian Foreign Minister Araqchi stated early that morning, in response to a request from Pakistan, he, on behalf of Irans Supreme National Security Council, announced that if the US and Israel cease their attacks on Iran, the Iranian armed forces will cease their retaliation. With coordination with the Iranian armed forces, ships will be able to safely pass through the Strait of Hormuz within the next two weeks, provided that technical restrictions allow.

S&P 500, Dow Jones, Nasdaq Directional Fate Tied to CPI After NFP Selloff

Steven Zhao

Oct 10, 2022 14:28

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Major indices fell quickly after an in-line US employment data as the print increased the likelihood of a 75-basis point rate rise to almost 100%, per Fed funds futures and overnight index swaps (OIS). Fed funds futures had an 87.8% likelihood of a 75-bps raise at the November 02 FOMC before the NFP. After the story hit the wires, those chances rose to 96%.


The policy-sensitive 2-year yield increased by around eight basis points during the New York trade day as Treasury rates increased throughout the curve. Given that rates are at multi-year highs, which typically drive investment into the "virtually risk-free" securities, the lack of demand for government bonds is raising concerns for some investors.


Due to a holiday on Monday, the US bond market will be closed, which might increase market volatility. The auction program for later next week includes sales of 3-year, 10-year, and 30-year Treasury bonds totaling around $90 billion. Even if a modest desire for debt is predicted, these auctions might provide valuable knowledge. This might result in higher yields and more pressure on stocks.


However, the consumer price index (CPI) for the United States is the market event with the largest visibility for both equities dealers and the international financial system. All eyes are on Jerome Powell, the head of the Federal Reserve, and what they have planned for the future. Analysts predict that core inflation, which includes food and energy, will increase from the previous year to 6.5%. It's easy to understand the CPI inflation figures in this case: A print that is higher than anticipated would probably cause the market to decline even more, supporting the Fed's stance against inflation, while a print that is lower than anticipated will probably have the opposite impact.

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