JPMorgan is in its post-earnings conference call. Shares have dropped to $159 from $168 on earnings.
Dimon has been talking about faster rate hikes for awhile.
JPMorgan is in its post-earnings conference call. Shares have dropped to $159 from $168 on earnings.
Dimon has been talking about faster rate hikes for awhile.
The Topix slumped by 1.4% to 1,977.66 but closed a little off the lows of 1,962.03 earlier in the day, holding at its 200-day moving average. The BOJ has been rather pedestrian in intervening in the stock market ever since the policy change in March last year and that has been evident by the more sideways action in Japanese equities since.
Today’s ETF purchase was the first since October last year but I wouldn’t look much into it unless the BOJ starts to do this more frequently moving forward.
This is the second time this week, following a similar incident a few days ago here. Tensions are stirring and the frequency of these missile “tests” serves as an indication for how things are developing at the moment. Markets have generally learned to shrug this off but just be wary in case there are any actual risks that may arise.
Dollar-denominated trade figures for China in December 2021
Chinese Trade Balance (USD) December 94.46B
Link above for more.
Selling in the major stock indices accelerated into the close, with all the indices all closing near the lows for the day.
The final numbers are showing:
Looking at the Nasdaq index below, the price is now 8.67% from the all time intraday high and looks toward the 200 day MA again at 14719.42. On Monday, the price moved below the MA level on its way to an intraday low at 14530, before bouncing back higher and retesting the higher 100 day MA at 15278.
On a move back below the 200 day MA, there should be more liquidation with the 50% of the move up from the March 2021 low at 14304 and the swing lows from July 2021 and October 2021 at 14181.69 as the next major targets.