{"id":37636,"date":"2022-10-05T09:43:22","date_gmt":"2022-10-05T06:43:22","guid":{"rendered":"https:\/\/ironfx-com-php8.wp-dev.int.theitops.net\/?p=37636"},"modified":"2025-10-13T13:14:56","modified_gmt":"2025-10-13T10:14:56","slug":"daily-key-points-stock-markets-regain-ground","status":"publish","type":"post","link":"https:\/\/www.ironfx-id.com\/pt\/daily-key-points-stock-markets-regain-ground\/","title":{"rendered":"Daily Key points: Stock markets regain ground"},"content":{"rendered":"

The greenback was on the downside yesterday against its counterparts as overall is tended to experience safe haven outflows as the market may have hoped for an easing of the Fed\u2019s aggressive rate hike stance. Yet we tend to be quite skeptical for such an easing in the Fed\u2019s hawkish intentions, given also that Fed Board Governor Jefferson yesterday stated that inflation remains the Fed\u2019s main objective, even if growth would be suffering the consequences, remains to lower inflation. Nevertheless we saw also US stockmarkets being on the rise yesterday with all main indexes, the Dow Jones, S&P 500 and Nasdaq being in the greens for a second consecutive day, implying a certain degree of optimism on behalf of investors. It would be characteristic that Twitter jumped about 23%, after headlines surfaced that Elon Musk may ultimately proceed with his plans to buy out the social media company. On the other hand, we also expect that any rally in US stockmarkets may be short lived, as the negative repercussions of the Fed\u2019s tightening cycle could be reflected on the earnings reports which are to start being released next week. On the commodities front we note that oil traders are to have a busy day today as oil prices got some substantial support yesterday with WTI being on the rise for a second consecutive day yesterday, ahead of OPEC discussion for oil production levels later today. Should the oil producing block actually decide to deliver a decision based on deep production cuts in an effort to rebalance the marekt, we may see the bullish market sentiment intensifying as the supply side of the commodity would come under threat, tightening the global oil market. We must note that the decision is to be taken in an environment where the US is exercising pressure on the block not to proceed with production cuts, as it considers the oil market to be allready tight. Furthermore, we must note that the API weekly oil inventories figure yesterday showed a drawdown of -1.77 million barrels taking the markets by surprise, while oil traders today may also be focusing on the EIA crude oil inventories figure for confirmation.<\/p>\n\n\n\n

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