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Baidu Finance: International oil prices plummeted! Forex MT4.MT5 Trading Alert
发布时间：2022-08-25 浏览：116
Last week, under the influence of long and short factors such as the likely slowdown in the pace of interest rate hikes by the Federal Reserve and rising concerns about economic recession, the three major U.S. stock indexes in New York continued to fluctuate, with mixed gains and losses throughout the week.
Among them, the S&P 500 index rose 0.36% for the week, the Nasdaq rose 2.15% for the week, and the Dow fell 0.13% for the week due to the cooling down of US manufacturing activities. From the perspective of sectors, the information technology sector rose nearly 2% last week, leading the broader market, while the energy sector fell 6.8% for the week.
All three major European stock markets rose last week
The three major European stock markets all rose last week, with the UK stock market up 0.22%, the French stock market up 0.37%, and the German stock market up 0.67%. The Bank of England raised interest rates by 50 basis points last week, while the European Central Bank is widely expected to raise interest rates again in September. Boosted by expectations of a rate hike, the banking sector rose 3% last week to lead European stocks.
International oil prices fell sharply last week, U.S. oil fell more than 9%
In the crude oil market, although the spot supply of crude oil continued to be tight, the market's worries about stagflation in developed economies and the global economic recession continued to heat up. The biggest weekly drop since April 1 this year. Among them, New York oil prices fell by 9.74%, and Brent oil prices fell by 8.70%. So far, international oil prices have fallen to the level at the beginning of February this year, that is, before the outbreak of the Russian-Ukrainian conflict.
U.S. non-farm payrolls data unexpectedly strong in July, markets focus on U.S. July CPI data this week
In terms of economic data, the number of new non-farm payrolls in the United States announced last Friday reached 528,000 in July, far higher than market expectations, which means that the U.S. economy can still continue to withstand the Fed's aggressive interest rate hikes.
The market currently expects the Fed to increase interest rates in September. A 75 basis point rate hike is much more likely than a 50 basis point rate hike. Whether the Fed will maintain its aggressive rate hike path is likely to depend on the July consumer price index, or CPI, released this Wednesday.
A survey launched by Bloomberg shows that the year-on-year increase in the US CPI in July may return to the "over 8" range from "broken 9" in June, but the year-on-year increase in core CPI may maintain an upward trend. In addition, the U.S. Energy Information Administration, OPEC and the International Energy Agency will release monthly crude oil market reports this week, and their outlook on global crude oil demand deserves close attention from investors.