25th July 2022: Fridays closed orders given +0.944%; Shares are expected to rise in the second half of 2022; Brief Market Overview; Problems with the Nord Stream gas pipeline

Fridays closed orders given +0.944%

Symbol: EURCHF; Type: SELL; Open Price: 0.99216; Close Price: 0.98279; Profit: +0.944%.

Shares are expected to rise in the second half of 2022

According to the analysts at JPMorgan Chase & Co., betting that inflation has reached its peak will cause a pivot by the Fed, strengthening the outlook for stocks in the second half. After suffering a severe decline throughout the year's first half, the S&P 500 Index has been attempting to recover this month and is on track to post its highest monthly increase since October. According to the most recent MLIV Pulse study findings, the Federal Reserve may already be too late in its quest to moderate inflation and avert a recession in the United States.

More than sixty percent of those who participated in the survey expressed a limited or zero possibility of the central bank successfully containing inflationary pressures on consumer prices without triggering a decline in economic activity. According to the strategist at Jefferies, Sean Darby, the pressure that has been put on equities as a result of tighter monetary policy should begin to lift in the second half of this year.

Doug Wilson of JP Morgan believes that the in the United States may have farther to go before reaching a bottom. Growing economic professionals believe that a recession and significantly higher unemployment rates are required to considerably reduce price pressures. This is because inflation is proving to be persistent at a level that has not been seen in the last four decades. According to Matejka of JPMorgan, the shifting reaction to results is another reason that enhances the picture for stocks in the second half of the year.

Brief Market Overview

Yields on ten-year bonds have increased to above 2.8 percent, but the currency has seen little movement. After the previous week's rise, the S&P 500 hardly moved, while the technology-heavy Nasdaq 100 underperformed. This week, the Fed's decision will clarify the prospects for a sustained comeback in stock prices. Apple and Alphabet, the parent company of Google, are among the technology businesses that will report this week.

At 10:44 a.m. local time in New York, the S&P 500 had not changed significantly, while the Nasdaq 100 had dropped by 0.5 percent and the Dow Jones Industrial Average had gained 0.2 percent. During Thursday's trading session, the yield on 10-year Treasuries rose seven basis points to 2.82 percent, while the yield on 1-year Treasuries rose one basis point to 1.95 percent. In the area of commodities, the price of a barrel of West Texas Intermediate crude increased by 1.1 percent to $95.75, while the price of gold decreased by 0.8 percent and wheat increased.

Problems with the Nord Stream gas pipeline

Gazprom has stated that it has received documentation about the delay in delivering a turbine for the Nord Stream natural gas pipeline. Despite this, the company has added that further problems with the equipment still exist. Because of restrictions imposed by the west, the turbine was first left stranded in Canada. Concerns about the sanctions imposed by other regions, especially the European Union, have not been resolved and continue to be an essential factor in the upkeep of the equipment. A statement made by Russian President Vladimir Putin last week indicated that another turbine in the Nord Stream pipeline is scheduled to undergo repair. Because of this, flows across the gas connection might be reduced to around 20 percent of their nominal capacity.

In light of the lack of clarity over future supplies, natural gas prices in Europe have reached a seasonal high. A total shutdown of Russia's gas exports to Europe is something the country's government says it is “not interested” in.

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