EUR/USD 1.15993
0.369%
Gold 4143.82
0.681%
Oil 60.559
1.031%
USD/JPY 153.728
-0.257%
GBP/USD 1.31752
0.005%
GBP/JPY 202.544
-0.241%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On November 11th, economists at ABN AMRO stated in a report that the politicization of US institutions and pressure on independent agencies under the Trump administration pose a risk to the dollars dominance as the global reserve currency. They pointed out that the decline of US institutions has continued rapidly since the beginning of the year, raising serious concerns about the reliability of the dollar reserve system. The White House is firing oversight agencies, prosecuting political opponents, dismantling regulation, and restructuring institutions in a deeply partisan manner. They stated that this raises questions about whether the US can continue to maintain its rule-abiding, diversified institutions and strong markets—factors that attract investment to the US and support the dollar.On November 11, a Turkish prosecutor called for a more than 2,000-year prison sentence for Istanbul Mayor Ekrem Imamoglu in a corruption case, potentially barring President Erdogans strongest challenger from running in the next presidential election. The 3,900-page indictment names 402 suspects and describes Imamoglu, the most prominent opposition figure, as the "founder and leader of a criminal organization." Charges include bribery and accepting bribes. Following the news, the Turkish stock market plummeted, with Istanbuls benchmark index falling 3.1% by the afternoon local time. The index is heading for its biggest one-day drop since early September.Russian Foreign Minister Lavrov: Russia is ready to discuss its concerns with the United States regarding Russias "suspicious underground activities."Russian Foreign Minister Sergey Lavrov: Russia is concerned about the United States claim that it will use nuclear tests for geopolitical purposes.Russian Foreign Minister Lavrov: It is possible that the new Strategic Arms Reduction Treaty could be extended for another year at any time before it expires on February 5.

NASDAQ, S&P 500, Dow Jones Analysis – Stocks Move Higher In Choppy Trading

Jimmy Khan

Jan 11, 2023 14:42

微信截图_20230111143649.png

S&P 500 (SPX500)

The S&P 500 increases in value throughout today's trading session as a result of Fed Chair Powell's less aggressive speech in Stockholm. In his remarks, Powell emphasized the significance of central bank independence, which was the major subject of the gathering. He also said that in order to get inflation back to the desired level, controversial steps will be required.


Stocks received some support today from the lack of hawkish remarks, as the S&P 500 finished close to the 3900 mark. Given that the real estate, consumer defense, and utility sectors are all losing ground, it should be emphasized that today's movement is not significant.


Until Thursday, when traders will be concentrating on the inflation figures, trading might remain volatile. The main banks will start the earnings season on Friday. For a few weeks, traders will be more interested in company reports than Fed policy.

NASDAQ (NAS100)

Today's trading session saw some progress for NASDAQ as well. The NASDAQ today received assistance from Amazon and Meta's good performance.


As short-term traders take some gains off the table after the recent rally, Tesla is down 2% in the meantime. From a broad perspective, Tesla is still in a downward trend, therefore further encouraging developments are required for the company to resume its upward trajectory.


Even if Treasury rates are rising today, yield-sensitive tech equities are unaffected by this development. The upward trend for NASDAQ is highlighted by the respectable performance of the tech stock sector.

Suggestion