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Midea Real Estate (03390.HK): Net profit in 2025 will reach RMB 601 million, an increase of 19.3% compared with RMB 504 million in 2024.Evergrande Auto (00708.HK): The Company is unable to reasonably determine the publication date of its unpublished financial results as required by the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited. The Company will announce the expected publication date of its unpublished financial results as soon as practicable after reasonably determining such date.Evergrande Auto (00708.HK): As the Company has not yet identified a suitable strategic investor to provide the financial support that the Group urgently needs, the Group continues to focus its limited financial resources on essential operating activities to maintain its basic business operations. Trading in the Companys shares on the Main Board of the Stock Exchange of Hong Kong has been suspended since 9:00 a.m. on 1 April 2025 and will remain suspended until further notice.Iraqs State Oil Marketing Organization (SOMO) has awarded a contract for the export of high-sulfur fuel oil, with all shipments to be exported via Syria.March 31 – U.S. job openings declined in February, and hiring slowed significantly, indicating that labor demand had cooled before the additional uncertainty caused by the war in Iran. Data released Tuesday by the U.S. Bureau of Labor Statistics showed that job openings fell to 6.88 million from an upwardly revised 7.24 million in January. The simultaneous slowdown in both hiring and openings, after a rebound in job openings at the beginning of the year, suggests that businesses are becoming more cautious about hiring after a year of near-zero growth. Looking ahead, the surge in oil prices triggered by the war could push up business operating costs and hinder further hiring. The decline in job openings was primarily driven by a slowdown in accommodation and food services, healthcare and social assistance, and manufacturing. The hiring rate fell to its lowest level since April 2020, while the layoff rate rose slightly. Although large companies, including Meta and Oracle, are proceeding with large-scale layoffs to reallocate resources to investments in artificial intelligence, the overall level of layoffs in the economy remains relatively modest.

S&P 500 Rebounds Ahead Of Tomorrow’s PPI Report

Florala Chen

Dec 09, 2022 15:39


S&P 500 Advances as Risk Appetite Increases

The S&P 500 recovered in the direction of the 3975 mark as risk appetite rose. The Initial Jobless Claims report, which was made available to traders today, showed that 230,000 Americans applied for jobless benefits in a single week. The report was in line with expert expectations and had no effect on market trends.


Despite the fact that Treasury yields are rising today, traders are concentrating on the chance to buy stocks following the recent dip.


The IT sector is driving the recovery. NVIDIA, Seagate, and Intuit are among of the companies that have benefited the most from this sector.


Most market categories are rising in today's wide upward movement. In the meantime, despite the expected recovery in oil demand in China, energy stocks are mostly unchanged as WTI oil remains under pressure.


From a broad perspective, today's trading activity appears to be a typical comeback following the significant downturn. On Friday, when traders will be concentrating on PPI readings for November and early Michigan Consumer Sentiment data for December, the market's optimism will be put to the test.