empty
09.03.2022 02:00 PM
US premarket on March 9: commodity prices drop and investors' worries ease

US stock index futures showed strong gains on Wednesday even as investors were spooked by strong commodity price increases and high inflation. Dow Jones Industrial Average futures gained 510 points or about 1.6%. Futures on the S&P 500 jumped by 1.7% and futures on the Nasdaq 100 increased by 2.1%.

This image is no longer relevant

Most likely, the slight decline in commodity prices from their yearly highs, which scared the market a lot earlier this week, allowed investors to look at the bigger picture more clearly. However, it is hard to tell what traders will pick up next as the risks are everywhere: the low yields on Treasuries are clearly not going to save money from the 8.0% inflation rate that will likely be announced tomorrow. Energy and agricultural products rose amid Russia's military operation in Ukraine. Some metals also showed significant growth.

Recently, President Joe Biden announced a ban on imports of Russian minerals, including oil, in response to the country's military operation in Ukraine. Immediately after that, the price of oil reached a 13-year high of $130. West Texas Intermediate, the US benchmark crude, declined by 2.2% to $120.92, while Brent crude, the international benchmark, dropped by 1.7% to $125.78. Wheat futures also fell sharply by 6.3% to $1,206 a bushel, but palladium and gold continued to rise. Palladium rose by 3.8% to $3,082.

As for Treasury yields, they rose but it is temporary, as investors are focused on tomorrow's inflation data and expect more action from the Fed. 10-year bonds rose by about 3.7 basis points to 1.91%. All major indices closed lower yesterday. The Dow Jones ended the day with a decline by 184 points or 0.5%. The S&P 500 lost 0.7% and the Nasdaq Composite closed almost unchanged, declining by 0.2%.

This image is no longer relevant

Today, market volatility will be quite subdued, whereas yesterday, the excessive activity was caused by investors' uncertainty about what to expect from future energy prices. This has exacerbated fears of a slowdown in global growth as inflation rises. Many are worried that the Fed will not be able to make a soft economic landing, but judging by the growth rate so far, the central bank should be able to avoid a recession. The strength of the US labor market, consumer demand, and credit should keep the economy out of recession in the short term. However, it is difficult to say how the global economy will be hit due to sanctions on Russia.

As for the S&P 500 technical picture

The pressure on the index persists, and there is a lot of bad news amid almost a lack of good ones. Bulls failed to fix the price above $4,292 yesterday and they will try to do so today. If they fail today, the pressure on the index is likely to increase, which may cause a decline to $4,233. A breakthrough of this level is likely to increase pressure on the index and return bearish sentiment to the market. The asset may test new lows at $4,175 and $4,113. If the price reaches and fixes above $4,292, it gives hope for the market recovery, but what happens in the regular session today is a big question. In the case of growth, we may expect a new sell-off at $4,341 and $4,383. Much will depend on the development of the conflict in Ukraine and possible negotiations between the presidents of the two countries.

Ringkasan
Segera
Analitic
Pavel Vlasov
Mulakan perdagangan
Jana pendapatan melalui perubahan kadar mata wang kripto dengan InstaForex.
Muat turun MetaTrader 4 dan buka dagangan pertama anda.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    SERTAI PERADUAN

Artikel yang dicadangkan

Trump mencapai perjanjian dengan Jepun dan tajuk lain yang membentuk portfolio anda

Pasaran sedang bersiap sedia menghadapi gelombang gangguan baharu: Trump memeterai perjanjian tarif dengan Jepun, Apple mengelak denda berjuta-juta dolar, Amazon mencabar Meta dan OpenAI, dan AstraZeneca membina empayar farmaseutikal

Аlena Ivannitskaya 13:14 2025-07-23 UTC+2

Kemas Kini Pasaran Saham AS pada 23 Julai: S&P 500 dan NASDAQ Pulih Sepenuhnya daripada Kerugian Awal

Sehingga penutupan semalam, indeks saham AS ditutup bercampur-campur. S&P 500 meningkat sebanyak 0.06%, manakala Nasdaq 100 susut 0.39%. Dow Jones yang berteraskan sektor perindustrian pula mencatat kenaikan sebanyak 0.40%. Lonjakan

Jakub Novak 09:27 2025-07-23 UTC+2

Kemaskini pasaran saham AS pada 22 Julai. SP500 dan NASDAQ jatuh mendadak

Indeks saham AS ditutup bercampur semalam. S&P 500 meningkat sebanyak 0.14%, dan Nasdaq 100 naik 0.38%. Namun begitu, Dow Jones industri merosot sebanyak 0.04%. Hari ini, saham Asia menurun disebabkan

Jakub Novak 09:54 2025-07-22 UTC+2

Pilihan raya yang berprofil tinggi di Jepun dan tiga isyarat penting untuk pedagang

Pasaran sekali lagi berada dalam keadaan tidak menentu. Yen Jepun berayun dengan hebat selepas kejatuhan politik gabungan Perdana Menteri Shigeru Ishiba yang telah meningkatkan ketidakpastian di Jepun. Sementara itu, jumlah

Аlena Ivannitskaya 12:43 2025-07-21 UTC+2

Saham AS tamat minggu dengan kenaikan

S&P 500 Ringkasan untuk 21 Julai Pasaran AS menamatkan minggu dengan keuntungan Indeks utama AS pada hari Jumaat: Dow -0.3%, NASDAQ +0%, S&P 500 +0%, S&P 500 pada 6,297, julat

Jozef Kovach 09:30 2025-07-21 UTC+2

Kemas kini tentang pasaran saham AS pada 18 Julai. Pelabur diliputi oleh optimisme. SP500 melebihi 6,300

S&P 500 Gambaran Indeks Saham Utama AS pada Khamis Dow +0.5%, NASDAQ +0.7%, S&P 500 +0.5%, S&P 500 ditutup pada 6,297, didagangkan dalam julat 5,900 hingga 6,400. Pasaran saham terdorong

Jozef Kovach 12:48 2025-07-18 UTC+2

Pasaran Saham pada 18 Julai: SP500 dan NASDAQ Teruskan Kenaikan

Setakat semalam, indeks saham AS ditutup lebih tinggi. S&P 500 meningkat sebanyak 0.54%, manakala Nasdaq 100 menambah 0.75%. Indeks industri Dow Jones pula mengukuh sebanyak 0.52%. Hari ini, niaga hadapan

Jakub Novak 12:02 2025-07-18 UTC+2

Kemas Kini Pasaran Saham AS pada 17 Julai: Indeks Utama Saham Bertahan di Bawah Paras Tertinggi

S&P500 Gambaran Indeks Utama Saham AS pada Hari Rabu Dow +0.5%, NASDAQ +0.3%, S&P 500 +0.3%, S&P 500 ditutup pada 6263, berdagang dalam julat 5,900 hingga 6400. Pasaran saham didagangkan

Jozef Kovach 13:03 2025-07-17 UTC+2

Pasaran saham pada 17 Julai: SP500 dan NASDAQ meningkat oleh spekulasi Powell

Setakat semalam, indeks saham AS ditutup lebih tinggi. S&P 500 meningkat sebanyak 0.32%, manakala Nasdaq 100 bertambah 0.25%. Dow Jones perindustrian mengukuh sebanyak 0.53%. Dolar turut pulih sebahagian daripada kerugian

Jakub Novak 12:28 2025-07-17 UTC+2

Kemas kini pasaran AS pada 16 Julai: penurunan susulan laporan utama

S&P500 Gambaran ringkas indeks saham utama AS pada hari Selasa Dow -1%, NASDAQ +0.2%, S&P 500 -0.4%, S&P 500 ditutup pada 6,243, berdagang dalam julat 5,900 hingga 6,400 Pasaran saham

Jozef Kovach 13:11 2025-07-16 UTC+2
Tidak boleh bertanya sekarang?
Tanya soalan anda di Ruangan bersembang.
Panggilan semula Widget
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.