China Lifts Quarantine Requirements & Markets | Morning Express | 12/27/2022
Posted: Dec. 27, 2022, 8:34 a.m.
- Do not miss our weekly Top Things to Watch this Week.
- And its accompanying chart booklet. This week covers individual stocks such as Micron, CarMax, Nike, and more.
- China lifts sentiment by ending the quarantine requirement for inbound travelers beginning January 8th.
- Crude Oil rises to a three-week high on China reopening news, and commodities follow, underpinned by demand expectations and a 0.50% rise in the Chinese Yuan versus the U.S. Dollar to start the week.
- Tesla is set to open down more than 5% and at its lowest since September 2020 on news Shanghai production cuts will extend into January.
- Southwest Airlines is down more than 3% premarket after canceling more than 2,500 flights, roughly half of all cancelations across the U.S.
- Eyes on the Dollar and yields after risk-sentiment started strong overnight.
- The U.S. 10-year yield has risen for the last three sessions in a row and six of the last seven.
E-mini S&P (March) / NQ (March)
S&P, yesterday’s close: Settled at 3869.75, up 20.50 on Friday and down 9.25 on the week
NQ, yesterday’s close: Settled at 11,075.25, up 21.00 on Friday and down 269.50 on the week
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NQ (March)
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Crude Oil (February)
Yesterday’s close: Settled at 79.56, up 2.07 on Friday and 5.10 on the week
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Gold (February) / Silver (March)
Gold, yesterday’s close: Settled at 1804.2, up 8.9 on Friday and 4.0 on the week
Silver, yesterday’s close: Settled at 23.92, up 0.298 on Friday and 0.592 on the week
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Silver (March)
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