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Wall Street is sinking along with the S&P500 along with the bears. Bet rises that the Fed will raise interest rates by 75 points



Wall Street is sinking along with the S&P500 along with the bears.  Bet rises that the Fed will raise interest rates by 75 points

Major stocks across the Atlantic closed in the red on fears of action by central banks as high inflation in Europe and the US points to further tightening of monetary policy, with further increases in the main interest rate – possibly recession cannot be avoided.

The Dow Jones Industrial Average closed down 2.79% at the start of the week at 30,516.74.

The Standard & Poor’s 500 slipped 3.88% to 3749.63 points, entering a “bear market” (when an asset falls 20% from its last high). The S&P 500 is down more than 20% from its all-time high in January.

For its part, the Nasdaq Composite Technology Index fell 4.68% to 10,809.23.

Investors remain cautious amid renewed worries about inflation, the continued rise of which could lead to further tightening of monetary policy.

Last Thursday, the European Central Bank decided to leave key interest rates unchanged, however, confirming the possibility of an increase in July and September.

After the ECB became the latest central bank to announce restrictive policies to fight inflation, caution has doubled when it comes to investing in risky assets like stocks.

This week it will be the Fed’s turn to announce its monetary policy decision, but rates are already starting to climb for a surprise 75 basis point hike.

Until a few days ago, everyone was expecting the Fed to raise the federal funds rate by 50 basis points at the June meeting and another 50 basis points at the July meeting. But traders are already anticipating a 75 basis point Fed rate hike.

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Let’s see why. After starting the rate hike cycle in March with a 25 basis point hike, the US Federal Reserve raised its key rate by 50 basis points at its meeting on May 3 and 4, and the minutes of that meeting released meanwhile were in line with what Fed Chairman Jerome Powell had already said: Fed meetings in June and July discussed another 50 basis point hike.

Powell said at the time that he was not considering a 75 basis point increase. But since then, the scenario has deteriorated further: inflation in the US it hit 8.6% in May, a new 40-year high, higher than analysts’ forecast of 8.3%.

Given this, traders are already pointing to the possibility that the Fed will raise key interest rates by 75 basis points at its July meeting. Barclays, by the way, foresees such a possibility at a meeting next week.

Thus, Barclays is the first major Wall Street institution to predict an increase of this amount instead of the 50 basis points that has been so much talked about. “We believe the US central bank now has good reason to raise rates more aggressively than expected at its June meeting,” bank economists said in a research note quoted by Bloomberg.

Reliable U.S. labor market data — hirings up 390,000 in May from an estimate of 318,000 — released on June 3 also pave the way for aggressive price containment measures by the Federal Reserve, even as the labor market appear to remain strong enough for the Fed to do so.

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JPMorgan Chase CEO Jamie Dimon recently warned that restrictive central bank policies threaten to plunge the US economy into recession. Citi Chief Executive Jane Frazier also said she believes the US will be fighting to avoid a recession, and other observers and economists are saying the same. Nouriel Roubini, for example, already he warned don’t count on a soft landing.

Today it is Morgan Stanley CEO James Gorman’s turn to do the same, saying he sees a 50 percent risk of a US recession.

These fears haunted most markets in today’s session. As on Friday, the markets were in full swing. Interest on debt in the Eurozone and the United States soared, stock markets sank, the value of the cryptocurrency market fell below a trillion dollars (Bitcoin fell to an 18-month low), gold and oil also lost ground. Who won is the safe haven dollar.

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Everything has been delivered. 10 Bugatti Centodieci are already in the hands of the owners



Everything has been delivered.  10 Bugatti Centodieci are already in the hands of the owners

OAll Bugatti Centodieci have been delivered, the Molsheim-based brand said on Monday. Cristiano Ronaldo received the number 07 in October this year. and Bugatti has now revealed that the latest unit – #10 – is already in the possession of its owner.

“The Centodieci combines all the values ​​of the Bugatti brand in an extraordinary package: rarity, innovation, heritage, craftsmanship and unrivaled performance. The production batch of 10 units was so in demand by our customers that it was sold before the Centodieci. was even officially presented,” said Christophe Piochon, president of Bugatti.

This latest example is finished in Quartz White with carbon fiber trim on the bottom and matte grilles. The brake calipers are painted in Light Blue Sport, as is the logo on the rear that refers to the EB110, the iconic Bugatti model that inspired this Centodieci. Inside, the predominant color is also blue, as you can see in the images above.

This block is powered by the same block as the other nine instances. The 8.0-liter W16 with four turbines is capable of developing 1600 hp. In terms of performance, this allows the Centodieci to hit 100 km/h in just 2.4 seconds and reach a top speed of 380 km/h.

Recall that each unit costs the owners eight million euros before taxes.

Read also: We already know when the Bugatti Centodieci fell into the hands of Ronaldo.

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The first Dacia hybrid. “The cheapest hybrid family on the market”



The first Dacia hybrid.  "The cheapest hybrid family on the market"

BUT Dacia revealed this Monday that the hybrid engine has been available since March on the Jogger, the Romanian brand’s model known to be available with a seven-seat variant.

The Jogger Hybrid 140, Dacia’s first hybrid, will hit dealerships in March, but customers can expect and order it as early as January.

The price has been revealed by Dacia and since it’s only available in the seven-seater SL Extreme, it starts at €28,800. The brand claims it is “the most affordable hybrid family car on the market.”

Available in six existing colors to celebrate the launch of this hybrid, there will be a slate gray version, as you can see in the images above.

Equipped with a 1.6 liter four-cylinder petrol engine with 90 hp, the Jogger is also powered by two electric motors (a 50 hp engine and a high-voltage starter-generator). The total power is 140 horsepower. The electric transmission is automatic, four-speed, connected to an internal combustion engine, and two speeds are connected to an electric motor. This combined technology was possible, according to Dacia, only due to the lack of clutch.

Combined with the energy recovery levels of the 1.2kWh (230V) battery pack and the efficiency of the automatic transmission, regenerative braking delivers all-electric traction on 80% of urban journeys and saves up to 40% of fuel compared to a combustion engine vehicle.

Read also: Dual-fuel Dacia Jogger Eco-G. We tried 5 seater and LPG…

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See how Tesla tests its electric Semi truck in the worst-case scenarios



Tesla Semi camião elétrico testes

Tesla has finally been able to bring its long-awaited Semi to market. This electric truck promises to revolutionize transportation and bring all the unique characteristics of this type of electric vehicle to this class of vehicles.

Now that the first units have been delivered, there is hope that they will finally be mass-produced and reach more transport companies. With so many promises to be kept, a new video is now emerging showing Tesla testing its Semi truck under worst-case scenarios.

Tesla Semi is already on the market

Like all Tesla electric vehicles, Semi follows the same line of creating a unique design associated with a platform with the most modern technology available. The proof is in what was presented to the public and surprised most people.

To prove the quality of this new proposal, Tesla published in your LinkedIn account new video. In it, he reveals some of the testing he's done to determine the strength and quality of the Semi's design and its (potential) durability.

Tests to prove its durability

It has been revealed that the Tesla electric truck is subjected to numerous tests and its application in the worst scenarios that drivers may face. It doesn't stop at the ruggedness of the Semi's designs, but goes further and focuses on the motors and batteries themselves.

This is the proof that many have been waiting for to ensure that this new proposal is not limited to a lot of autonomy. Its resistance is great and will provide greater durability, further enhancing the Semi's value and performance.

high quality electric truck

Tesla has already showcased the Semi's quality with a video showing its truck driving roughly 500 miles on just one charge. The big news here is that he managed to make this long journey with a maximum load of about 37 tons.

Now Tesla remains to widely place the Semi on the market. At the moment, only a few companies have access to this new product, with a very long list of pending deliveries, who want to start mass-using this electric truck offering.

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