Important points to watch for US equities:
US stocks were closed on Monday (26th) due to the holiday season. US financial markets, including the New York Stock Exchange,NasdaqAll operational trading is closed. Trading on US crude oil and foreign exchange contracts has been suspended throughout the day and ICEBrent crude oilTrading in futures contracts was suspended for the day.
With many on Wall Street already on vacation and US markets closed on Monday, stock market liquidity is expected to be at its lowest level for the year. Market trends are still expected to depend on inflation showing signs of easing, and some investors are pinning their hopes on the Santa Claus Rally at the end of the year.
The most optimistic factor for the stock market this week comes from investors’ anticipation for the Christmas market. The so-called Christmas market comes from the last five trading days of the year and the first two trading days of next year, which means that it starts from the last Friday and ends on January 4th next year.
According to data from Stock Trader’s Almanac,S&P 500 indexIt rose 1.3% on average over the period, with no clear agreed explanation for the performance, but some theorize that holiday shopping, seasonal optimism and institutional investor deals may have helped drive the trend.
Tesla CEO Elon Musk has warned that equity commitments should not be made amid global economic instability due to the risk of mass panic in US stocks.
Musk also reiterated that his recession is long overdue and that the size of the recession could be very similar to 2009.
“My best guess is that we will have a year to a year and a half of stormy times, and then, around the second quarter of 2024, the dawn will break. Economic booms won’t last forever, but neither will recessions. Musk said.
US stocks have risen and fallen on the previous trading day:
Today’s key economic data:
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Important equity dynamics:
1. Tesla (ATS-US)
As China’s new coronary pneumonia outbreak is rapidly deteriorating, internal alerts and two people familiar with the matter revealed that Tesla, a major American electric vehicle maker, temporarily halted production at its Shanghai plant on Saturday. (24), one day earlier than originally planned.
Tesla was originally supposed to suspend production of the Model Y at its Shanghai plant from Sunday to January 1 next year. In the last week of December last year, the Shanghai plant continued to operate normally, so it is not customary to close at the end of the year. A rise in the number of people infected in China and Tesla workers and suppliers have also tested positive, people familiar with the matter said, posing challenges to factory operations over the past week.
