US Opening

Written on 11/21/2022


Key Global Events

Wall Street futures were in the red (-0.26% on the Dow Jones and -0.49% on the S&P500, investors are looking at the publication of the minutes of the last meeting of the Federal Reserve, which raised interest rates in October interest by 75 basis points, putting them in the 3.75% to 4 range. the minutes of the European Central Bank.
Meanwhile, the European markets continue to decline (-0.59% the Dax, -0.23% the Cac40, and -1.15% the Ftse Mib with the coupon detachment weighing on the list). The head of Russia's state atomic energy agency has warned of the risk of a nuclear accident at the Zaporizhzhia plant, Europe's largest nuclear plant, following new bombings over the weekend.

Forex & Commodities

Oil slightly down, the January WTI contract drops 0.31% slightly below $80 a barrel, that of Brent with the same maturity 0.4% to 87.2 dollars. Gas prices drop 2.1% to 113 euros per megawatt hour.
Today the greenback has returned to appreciate against the main currencies. It rises by 0.72% against the euro, by 0.81% against the Australian dollar. Flat against the pound.

Index – the Central Bank of China left the benchmark rate for one-year Chinese loans (LPR) unchanged at 3.65%. The central bank also conducted 3 billion yuan (about $421.02 million) in repurchase agreements to maintain liquidity in the banking system.
However, uncertainty is generated by the possibility that restrictive measures linked to the increase in cases of Covid will be reintroduced in some areas of China. Meanwhile, the Chinese stock exchanges closed negatively, Shanghai -0.39% Hang Seng -1.94%, only the Nikkei rose by 0.16%.

Key Macroeconomic Data

Wall Street futures are in the red (-0.26% on the Dow Jones and -0.49% on the S&P 500, investors look to the publication of the minutes of the last meeting of the Federal Reserve.

China - The Chinese central bank left the benchmark rate for one-year Chinese loans (LPR) unchanged at 3.65%.

EU – German producer price index fell by 4.2% in October. Expectations were for a rise of 0.9%. Even on an annual basis, the data fell short of market expectations.