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Moderna (MRNA.O) continued to rise, with intraday gains exceeding 150%.August 19th - A Pew Research Center survey reveals a growing skepticism among Americas youngest working class regarding artificial intelligence (AI), with concerns that its advancements could lead to mass unemployment. For the first time since the Pew Research Center began its survey in 2021, adults under 30 expressed more concern than excitement about AI. This finding is largely consistent with other age groups, but the youngest group has seen a significant shift in attitude, moving from being among the most optimistic about AIs potential to being among the most skeptical. The survey also shows that nearly 75% of adults under 30 believe the technology will lead to fewer job opportunities, up from 61% two years ago. These findings further illustrate the complex relationship between young Americans and AI. They are among the most proficient users of the technology, but at the same time, AI threatens entry-level jobs that traditionally underpin their entry into the labor market.Merck (MRK.N) recorded its best intraday gain since 2009, rising more than 12% during the session.On August 19, French Foreign Minister Jean-Michel Barrow stated on social media that France does not rule out further sanctions against Israeli settlers in the West Bank, adding that "all options are under consideration." Barrow described the current situation in the West Bank as "despicable," and noted that France had previously pushed for sanctions against settlers who have committed violence, as well as the entities, companies, and organizations providing support. Barrow also stated that recent remarks by Israeli National Security Minister Ben-Gevilé regarding Gaza were "unacceptable and inhumane." France had previously imposed sanctions on Ben-Gevilé.Apple (AAPL.O) shares hit a near three-week high, recently up 2.1%.

WTI advances toward $75.00 as China-related demand optimism offsets recession fears

Daniel Rogers

Jan 09, 2023 11:55

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In the early hours of Monday, WTI steadily climbs near the intraday high of $74.70 as bullish emotion competes with economic slowdown worries. Despite this, the weaker US Dollar and a light schedule allow buyers of black gold to maintain control following Friday's mixed performance.

 

In spite of this, the risk profile remains elevated in light of China's reopening of its borders after a three-year closure. On the same line, Guo Shuqing, party secretary of the People's Bank of China, made his remarks (PBOC).

 

Reuters, transmitting China unlock news, claimed that "about 2 billion journeys are anticipated this season, roughly doubling the volume of previous year, and recovering to 70% of 2019 levels," citing a statement from the Chinese government.

 

On the other side, PBOC's Shuqing stated, "The world's second-largest economy is likely to recover rapidly due to the country's optimal Covid-19 response and the continued implementation of its economic policies."

 

The US Dollar Index (DXY) fell the most in three weeks the day before, down 0.20% intraday to 103.70 as of press time, as the US employment report failed to excite greenback purchasers and the US activity numbers stoked fears of an economic slowdown. It's worth mentioning that the previous day's disappointing US wage growth, ISM Services PMI, and Factory Orders weighed on Treasury bond yields and the DXY.

 

On a different page, reports regarding a delay in the restoration of the colonial pipeline and the Russia-Ukraine conflict appear to also benefit energy buyers. Traders fear additional rate hikes ahead of the release of the Consumer Price Index (CPI) for December from China and the United States on Wednesday and Thursday, respectively, which tests the positive momentum.

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