Daily Report | 16 November 2022
US inflation slumped again, and technology stocks continued to rally, with the Nasdaq appreciating by 1% or leading Wall
US inflation slumped again, and technology stocks continued to rally, with the Nasdaq appreciating by 1% or leading Wall
The fading of the US inflation effect and a lack of new sentiments affect Wall Street to weaken, with the Nasdaq
Inflation optimism has reached its peak, and the Nasdaq was up by 200 points, which led Wall Street's gains. Other than
Inflation below 8% ahead of the year-end holiday, the Dow rose by 1,000 points. The high base inflation in 2021 and the
Wall Street weakened by 2%, along with investors that paid their attention to the US Midterms results. The Nasdaq
Wall Street rallied amid US Midterms. The Dow appreciated 300 points, or 1% leading Wall Street's gains. As for the US
Wall Street ended higher earlier in the week amid investors' focus on October inflation data, which will be released on
US Unemployment Rate Oct. MoM rose to 3.7% (Vs. Sept. 3.5%), giving the Dec. FFR a Dovish room by just +50Bps (Vs. Nov.
The labor market remains solid, keeping the Fed on an Aggressive Hawkish path. In fact, speculation arose that the peak