Morning Call 03/11/2022 - Cautious sentiment is back, Fed raises interest rates for the 4th time in a row
Global stocks fell after the announcement of the Fed. The US Federal Reserve made another rate hike and signaled that the tightening campaign is not over yet. Zhengzhou, central China, home to the world's largest iPhone assembly line factory, is facing closure for a week, after the city reported new cases of COVID-19.
Domestic stocks continue to be under pressure, cautious sentiment dominates. In general, tire businesses still achieved positive business results because they benefited from reduced input costs. On the contrary, the natural rubber group is at a disadvantage due to low output prices.
- Domestic and international news
- Contradictory picture of the Rubber industry #DRC #CSM #SRC #DPR #PHR #DRI
- Technical view and recommendations
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