After the market ended, there was a new that, Hamas accepted Israelis final ceasefire offer today.
Nothing really confirmed yet but both sides are working for details of peace terms at the moment. We need wait and see the final terms and conditions later.
But it was great news for now.
Over the weekend, Saudi Araria have raised their oil export price and, OPEC+ have mentioned longer production cut period. We need to see what’d happen in the crude oil market.
US stock market was up again, three sessions in a row. Bright hope of lowering the rate supply the strength to the equity markets.
DJ index was up 0.5%, S&P 500 index was up 1.0% and NASDAQ was up 1.2%.
As of today, 397 S&P listed companies reported their earnings of the last quarter, and 76.8% of them beat analyst’s profit estimate. Long term average percentage if 66.7%, meaning that US companies did good business.
Cooled down US job market send the clear message to the market that, FED would cut the rate down, sometime in this year. Let’s wait and see.
