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The preliminary figures for the UKs Q4 GDP annual rate, UK December industrial production month-on-month rate, UK December manufacturing output month-on-month rate, UK December seasonally adjusted goods trade balance, and UK December three-month GDP month-on-month rate will be released in ten minutes.Lenovo CEO: Lenovo raises PC prices to cope with soaring memory chip costs.On February 12th, Jeff Schulze of Clearbridge Investments noted in a report that the US January labor market data was positive for risk assets, as it showed a solid employment base that could further boost consumer spending. He stated that investors have postponed their expectations for a Federal Reserve rate cut from June to July, as the data indicates that the current labor market does not require additional monetary easing to maintain growth. While rising interest rates exert pressure, the improved economic growth outlook has completely offset this impact. Schulze also cautioned that although the report was generally positive, its important to note that January data is often heavily influenced by seasonal factors and may exaggerate the performance of the monthly jobs report.On February 12th, Samsung announced that it has begun shipping the latest version of its HBM4 memory chips to customers, marking a significant milestone in the companys strategic lead in the AI memory market. Samsung is accelerating its efforts to meet strong demand for Nvidia graphics chips. Previously, competitor SK Hynix had taken a technological lead and dominated Nvidias high-bandwidth memory orders, a key component of AI accelerators. However, in recent months, Samsung has narrowed the gap with its rival.Samsung Electronics shares closed up 6.44%, hitting a record high.

S&P 500 Price Forecast – Stock Markets Pulled Back After Strong Jobs Demand

Florala Chen

Nov 02, 2022 16:51

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Technical Analysis of the S&P 500

The S&P 500 E-mini contract initially rose during Tuesday's trading session to display symptoms of FOMO once again. Having said that, the market later handed up the gains when the number of job openings in the United States turned out to be 1 million more than expected. This demonstrates how difficult it will be to begin loosening monetary policy, and Wall Street had a little wake-up call during the day. It seems that we are prepared to go lower at this time, maybe endangering the 50-Day EMA. Additionally, we must bear in mind that Wednesday's Federal Reserve pronouncement will have a significant impact on what occurs next.


We are likely to drop much farther if we break down below the 3800 level. On the other side, if we turn around and break above the day's high for Tuesday, then makes a goal of 4,000 possible. Remember that Wall Street had been expecting the Federal Reserve to potentially tone down its hawkish tone, so if they do sound as aggressive as I anticipate, it's probable that we will have a little decline.


Even if there has been a great rebound over the last several weeks, we are still most definitely in a downturn. Although there has been speculation over the last two weeks that the Federal Reserve would let the Canadians and Australians tell them what to do, the economic situation does not seem to be good, and, to be very blunt, nothing has changed.

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