Mohicans markets：MHM Today’s News

November 21, 2022-Fundamental Reminder

☆ 09:15 China announces one-year Loan Prime Rate(LPR) until November 21.

☆ 15:00 Germany announces the monthly rate of PPI for October.

☆ The following day at 03:30 New York crude oil December futures complete the last trading on the floor.

Market Overview

Review of Global Market Trend

On Friday, November 18, the dollar index in the European shares in the morning session to refresh the daily low fell below 106.40; in the U.S. stocks at midday to get rid of the decline approaching 107, but by the end of the day failed to recover the mark, closing up 0.26% at 106.97, up two days in a row, ending a four-week losing streak.

10-year U.S. bond yields fell below 3.75% during the day, then turned up to close at 3.83%; 2-year U.S. bond yields fell below 4.45% during the day, U.S. stocks rose above 4.53% in late trading. 2-year and 10-year U.S. bond yield differential expanded to about -70 basis points during the day, continuing to brush the largest yield inversion in 1982.

Spot gold fell below the $1,750 mark during the day and closed barely holding it, down 0.55% at $1,750.87 per ounce; spot silver was down a modest 0.03% at $20.95 per ounce.

Crude oil fell sharply in intraday, with U.S. oil once falling 5% to break below the $77 mark and Brent crude falling as low as $86 per barrel, before the two oils rebounded, with WTI crude eventually closing down 2.33% at $80.14 per barrel; Brent crude closed down 2.39% at $88.67 per barrel.

U.S. stocks performed relatively quietly, with $2.1 trillion in option expirations not triggering much market volatility. The Dow closed up 0.59%, the S&P 500 closed up 0.48% and the Nasdaq closed near flat. The energy sector was the top decliner, with the utilities and medical sectors performing better.

European stocks generally closed up, Germany's DAX30 index closed up 1.16%, the FTSE 100 index closed up 0.54%, France's CAC40 index closed up 1.04%, the European Stoxx 50 index closed up 1.20%, Spain's IBEX35 index closed up 1.05%, Italy's FTSE MIB index closed up 1.38%.

Hot spots in the market

1. Five people were killed and 25 others were injured in the nightclub shooting incident in Colorado on the evening of the 19th.

2. FTX owes nearly $3.1 billion to the top 50 largest creditors and more than $226 million to its largest unsecured creditors.

3. Malaysia held the general election for the first time with a “Hung Parliament”.

4. The agreement finally concluded that COP27 set up a “Loss and Damage” fund, and the UAE took over COP28.

5. World Cup: Qatar lost two goals to Ecuador, and the “unbeaten rule of the host country in the first game” is dead.

Geopolitical situation

Conflict situation:

1. The Ukraine military “Haima” rocket fired three shells at Ilowaisk, located in Donetsk.

2. On the 20th local time, Kiev, the capital of Ukraine, and Kyiv, Nikolayev and Odessa states issued air defense alerts.

3. The Ministry of National Defense of Russia announced that since the launch of special military operations against Ukraine, the Russian army has destroyed 333 planes and 177 helicopters in total.

4. Russia and Ukraine both said that the Zapolo nuclear power plant was shelled by the other party. Russian nuclear power operator: Uzbek military fired artillery shells near the dry storage site of Zaboro nuclear power plant, and no nuclear radiation has been detected at present. Ukraine National Nuclear Power Company: The Russian military shelled the Zapolo nuclear power plant on Sunday morning, and the infrastructure was attacked at least 12 times.

Energy situation:

1. According to Der Spiegel, Germany, the floating LNG terminal will be more expensive, and the operating cost will increase by 3.5 billion euros.

2. The Ministry of Energy of Ukraine once again urged the Ukrainian people to reduce their electricity consumption and store warm clothing, thermos bottles, water, food and other materials.

Institutional Perspective

1. Goldman Sachs：The Federal Reserve of Australia is expected to raise interest rates by 25 basis points at each meeting before May next year.

2. SOCIETE GENERALE：S&P 500 is expected to rebound to its 200 day moving average.

3. MUFG：New Zealand dollar and Swedish krona are expected to improve before the central bank meeting.

Statement | Disclaimer

Disclaimer: The information contained in this material is for general consultation only. It does not take into account your investment objectives, financial situation or special needs. We have made every effort to ensure the accuracy of the information as of the date of publication. MHMarkets makes no warranty or representation on this material. The examples in this material are for illustrative purposes only. To the extent permitted by law, MHMarkets and its employees shall not be liable for any loss or damage arising from any information provided or omitted in this material in any way (including negligence). The characteristics of MHMarkets' products, including applicable fees and charges, are outlined in the product disclosure statement provided on MHMarkets' website. Derivatives may be risky; The loss may exceed your initial payment. MHMarkets recommends that you seek independent advice.

MohicansMarkets, (abbreviation: MHMarkets or MHM, Chinese name: Maihui), Australian Financial Services License No. 001296777.