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On September 1st, European Central Bank (ECB) Governing Council member Rehn stated that the ECB must prepare for a potential prolonged "consumption conflict" in the Middle East, which could lead to persistently high inflation in the Eurozone. Rehn said, "We must not be complacent about these inflationary pressures." He noted that energy prices have continued to rise due to the conflict in the Middle East and the near closure of the Strait of Hormuz. "We must not allow any affordability crisis in Europe," he said. Rehns remarks mark a shift in the policymakers stance, as he had previously focused more on growth risks than inflation, indicating a growing support for tightening policies within the ECB Governing Council. Last week, ECB Executive Board member Schnabel, one of the banks most prominent hawks, publicly called for another interest rate hike in September.XPeng Motors (XPEV.N): Delivered 39,107 vehicles in August 2026.Russian news agencies, citing the local governor, reported that Novokubishevsk, a city in Russias Samara region, was attacked by drones.September 1st - According to the Financial Times, a senior European Central Bank (ECB) policymaker warned ahead of market expectations of a rate hike next week that the bank must prepare for a potential protracted "war of attrition" in the Middle East, a conflict that could keep eurozone inflation high. ECB Governing Council member Rehns remarks are expected to reinforce market expectations of a 25-basis-point rate hike next week. Rehn stated, "We must not be complacent in the face of these inflationary pressures," referring to energy prices driven up by the conflict and the near closure of the Strait of Hormuz. He added, "We cannot afford any burdensome crisis in Europe." Rehns comments mark a hawkish shift in the policymakers stance, who until recently prioritized economic growth risks over inflation risks, indicating growing support for tightening policy within the ECB Governing Council.ECB Governing Council member Rehn: The "war of attrition" in Iran could lead to persistently high inflation.

S&P 500 Price Forecast – Stock Markets Continue to Struggle

Alice Wang

Jul 15, 2022 15:54

Technical Analysis of the S&P 500

Due to the ongoing pessimism, the S&P 500 has decreased somewhat during Thursday's trading session. At this time, it seems as if the market is prepared to go further, maybe attempting to approach the most recent lows at the 3637 level. In the end, this market should continue to see a lot of agitated behavior. I believe that fading rallies will remain a significant problem. The 50 Day EMA is now hanging in the general vicinity of the 3950 level, which serves as the ceiling at this time.


Ultimately, your indication to become engaged will be when you start to feel exhausted after brief rallies. Given the lack of global growth and the fact that inflation is still a problem, I do believe the downward trend will continue. Additionally, the Federal Reserve is rapidly tightening monetary policy, and as a result, a 100 basis point interest rate rise is being predicted. Due to the fact that the S&P 500 contains so many significant exporters, it is extremely probable that we will continue to see significant problems with the global economy.


In the end, a running season is approaching, so there could be some "hopium" waiting to happen, but after hearing J.P. Morgan declare, "We have never seen an economic scenario like this," during its results presentation, I don't think this earnings season will be cause for celebration. After a rally, I will suppress any indications of tiredness.

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