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The UKs Rightmove average house asking price index rose 1.2% month-on-month in May, compared with 0.80% in the previous month.Australian Treasurer Charles Chalmers has issued orders to six shareholders to divest their stakes in Northern Minerals. This decision is entirely in line with the recommendations of the Treasurer and the Foreign Investment Review Board, aimed at protecting national interests and ensuring compliance with Australias foreign investment framework.On May 18, US President Trump stated in an interview that he still believes Iran is willing to reach an agreement and expects Iran to submit an updated proposal in the coming days. Trump reportedly declined to reveal a deadline for the negotiations but indicated that the US would take stronger military action if Iran did not meet US demands regarding its nuclear program.① Iran 1. Iranian military: If the US launches another military operation, it will face an offensive response. 2. Iranian Foreign Ministry: The US and Israel are using "maintaining energy stability" as a pretext to justify the war against Iran. 3. Iranian Vice President: Iran will no longer allow enemy military equipment to pass through the Strait of Hormuz. 4. Iran: Iran says it is prepared to respond to a potential escalation of the situation by the US. 5. Iran: The US has presented Iran with five key conditions, including that the US will not pay any war reparations and that Iran will only be allowed to maintain one operational nuclear facility. ② US 1. US Energy Secretary: The Strait of Hormuz will reopen no later than this summer. 2. Two US officials revealed that Trump is expected to meet with his national security team in the Situation Room on Tuesday to discuss military options. 3. Sources: Trump met with senior members of his national security team on Saturday to discuss the next steps in the war with Iran. 4. Trump stated on social media on Sunday that if Iran does not act swiftly, it will have nothing. ③ Israel 1. Following the "extension of the ceasefire," Israel launched a large-scale airstrike on southern Lebanon. 2. Sources: Israel has secretly established at least two military outposts in Iraq. 3. Israeli media: Netanyahu and Trump spoke by phone to discuss the possibility of resuming hostilities in Iraq. If military operations against Iraq resume, it is expected that Israel and the United States will launch joint airstrikes. 6. Other situations: 1. The Israeli military claims to have killed a commander at the Hamas operations headquarters. 2. Lebanon claims the Israeli attack caused approximately $2 billion in economic damage. 3. NATO intelligence agencies believe Iran still retains most of its missile stockpile and facilities. 4. A generator outside the Barakah nuclear power plant in the UAE was attacked by a drone and caught fire. 5. The International Atomic Energy Agency: The UAE stated that radiation levels at the Barakah nuclear power plant are normal and that no casualties were reported after the drone attack. 6. The International Criminal Court denies issuing new arrest warrants for several Israeli officials. On May 18, Kyrgyz President Sadil Japarov called on world leaders to vote for Kyrgyzstan as a non-permanent member of the UN Security Council on June 3. Japarov emphasized, "Choosing Kyrgyzstan will reflect the world communitys political will to restore historical justice and ensure that all countries are elected equally to the highest organs of the United Nations."

S&P 500 Gains Ground Ahead Of CPI Data

Jimmy Khan

Dec 13, 2022 17:11


At the beginning of the week, stocks rise

As traders got ready for tomorrow's CPI report, the S&P 500 crept closer to the 3960 mark. The tech-heavy NASDAQ Composite was up by 0.35% in the meanwhile.


Energy stock rebounds are the main factor today. WTI oil was able to surpass the $73 mark as markets concentrated on the Keystone pipeline interruption. In today's trading, APA Corporation, EQT Corporation, and Schlumberger are all up 3–4%.


Even while Treasury yields have increased, tech stocks are also increasing. Although Microsoft is up approximately 2% today, the recovery in tech equities is mainly among the companies with smaller market capitalization.


As traders continue to be concerned about declining demand for the company's products, Tesla is among the worst losers today. Currently, Tesla stock is attempting to hit the $166 level, which marks the yearly lows.


The fact that the CPI report is being issued tomorrow before the Fed Interest Rate Decision suggests that it will have a significant effect on the market. Analysts anticipate that November's inflation rate will drop from 7.7% in October to 7.3%. Data on inflation will have a significant impact on the market, and traders should be ready for quick changes.

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