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Kremlin: (Regarding US remarks on sanctions against Russia) Europe and Ukraine are doing everything they can to pull the United States into their orbit.Eurozone investor confidence fell to its lowest level since April in September, a survey released Monday showed, as economic concerns resurfaced across the bloc. The Sentix index for the eurozone unexpectedly fell to -9.2 in September from -3.7 in August. Analysts polled by Reuters had expected the index to rise slightly to -2.0. The survey of 1,024 investors showed a sharp deterioration in both current conditions and expectations. The current conditions index fell to -18.8 in September from -13.0 the previous month, while the expectations index fell to 0.8 from 6.0, the lowest level since April. "Economic anxiety is returning in full force," Sentix said in a statement. The decline was even greater in Germany, Europes largest economy, with the overall index falling to -22.1 in September. "Without much sign of an autumn recovery, pressure on export-oriented sectors is likely to increase further due to the tariff agreement with the United States," Sentix said.According to a Hong Kong Stock Exchange document, HSBC Holdings (00005.HK) spent HK$1.2 million to repurchase 1.2 million shares on September 5, and spent £21.8 million to repurchase a total of 2.2 million shares through other exchanges.The onshore RMB closed at 7.1321 against the US dollar at 16:30 on September 8, up 57 points from the previous trading day.The Eurozones Sentix investor confidence index in September was -9.2, in line with expectations of -2 and the previous value of -3.7.

S&P 500 Remains Under Pressure As Traders Stay Cautious

Cory Russell

Dec 08, 2022 15:49


Tesla Stock Is Still Under Severe Stress

The S&P 500 made an attempt to settle above 3960 after recovering from session lows near the level of 3915 as the stock market sought to regain stability following the recent pullback. S&P 500, however, remained below 3960 and moved closer to 3930.


Although the yield on 10-year Treasuries tested new lows near 3.40%, stocks were not significantly helped by this development.


Concerns about the demand for the company's vehicles caused Tesla to decline by more than 3%. Morgan Stanley reduced its iPhone estimate, which caused Apple to decline by more than 1%.


As the sell-off in the oil markets continued, pressure on the energy stocks persisted. Oil services companies took the lead in the retreat. Halliburton


From a broad perspective, traders are still concerned about a possible global recession. At the same time, it is important to remember that the safe-haven U.S. dollar has risen significantly from its yearly lows and that Treasury yields have sharply declined in recent weeks.


It is unclear if traders will be willing to take on more risk before the Fed meeting. The market might therefore continue to be choppy in the coming trading sessions unless investors discover a significant catalyst that would spark a significant move.

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