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On October 18th, it was reported that on October 17th local time, US Secretary of State Marco Rubio, regarding Ukraines access to Starlink, stated that no one in the White House had ordered a speed reduction. On October 14th, Ukrainian Presidential Advisor Viktor Beskrestnov posted on social media that SpaceX had imposed speed limits on the operational Starlink satellite internet system terminals overnight, and the Ukrainian military had not received any prior warning, resulting in the interruption of several missions. On the 15th, a source from the Ukrainian Ministry of Defense stated that the Starlink service used by the Ukrainian military had been restored to normal. On the 17th, Ukrainian President Volodymyr Zelensky stated that Ukraine had obtained evidence through comparative tests conducted in EU countries showing that the speed limit on Starlink satellite communication terminals was only effective within Ukraine.Conflict Update: 1. UKMTO reports tanker attack near Saudi waters. 2. Iranian Navy claims increasing number of tankers damaged due to "illegal" passage through the Strait of Hormuz. 3. Houthi rebels claim Saudi Arabia launched 53 airstrikes against Yemen in 24 hours. 4. Yemeni Houthi rebels claim to have shot down a Saudi Apache helicopter. 5. Iranian armed forces open fire to intercept vessels "illegally" passing through the Strait of Hormuz. 6. Iranian Revolutionary Guard claims two supertankers struck mines and exploded in the Strait of Hormuz on Saturday. 7. Saudi-led coalition: Intercepted and destroyed four drones in Riyadh and eastern and southern regions. Peace Talks: 1. Iranian Foreign Minister reiterates seven-day passage plan: next steps depend on the US. 2. Trump reiterates the war with Iran will end soon, gasoline prices will fall. Other Updates: 1. Egyptian President says he will provide protection for Saudi Arabia. 2. Yemeni Parliament Speaker urges Egypt not to get involved in the war. 3. Yemeni Houthi rebels release 159 detainees. 4. The foreign ministers of Egypt and Iran met to discuss the Middle East crisis. 5. Russian Deputy Prime Minister: Oil prices will surge further if the Strait of Hormuz closure continues. 6. Israeli Prime Ministers Office: Violence against European diplomats is "unacceptable." 7. US media: Iran provided Houthi rebels with target location and intelligence to assist their attacks on Saudi Arabia. 8. According to the Wall Street Journal: The Houthi rebels have reportedly established joint command centers in Lebanon and Iraq. 9. Pakistan temporarily closed its border trade route with Iran; Iranian Foreign Minister: Border crossings and exchanges are temporarily suspended. 10. US Central Command spokesperson: The Strait of Hormuz remains open to navigation; approximately 97% of transit vessels were not hit by Iran.According to RIA Novosti, the Russian Interior Ministry stated that the black market is flooded with weapons from the conflict zones in Ukraine.Saudi Arabias Civil Defense Ministry said the alert for Riyadh has been lifted.On October 18, the Iranian government stated that Iranian Foreign Minister Araqchi met with Turkish Foreign Minister Fida on Saturday during the Organization of Islamic Cooperation (OIC) meeting in Baghdad, Iraq. The two sides discussed the situation in the Strait of Hormuz and regional tensions. The Iranian government stated that they discussed bilateral relations as well as the situations in Gaza and Yemen, emphasizing the importance of easing regional tensions through diplomatic means. Araqchi briefed Fida on the latest developments and related diplomatic moves in the Persian Gulf and the Strait of Hormuz, stressing that Islamic countries should strengthen cooperation to jointly address regional challenges. Furthermore, Araqchi called on OIC member states to take action to stop what he called Israeli genocide and to jointly combat Islamophobia.

Dow Futures Rise Subsequent to Indices' Extinction

Kate Ward

Sep 27, 2022 14:32

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Futures for U.S. shares were trading higher on Monday evening, after key benchmark indexes extended down for a sixth consecutive day as investors continued to flee amid increasing interest rates and recession fears.


Dow Jones Futures, S&P 500 Futures, and Nasdaq 100 Futures were all trading 0.2% higher about 7:20 p.m. ET (11:20 p.m. GMT) on Tuesday.


Tuesday's session will be dominated by the CB consumer confidence, the house price index, and durable goods orders.


In the meantime, mounting currency fears are further lowering risk appetite as the US Dollar surged to fresh record highs against the British pound and to 20-year highs against the Euro in the wake of last week's aggressive interest rate hikes by the U.S. Federal Reserve.


The Dow Jones Industrial Average plummeted 239.6 points, or 1.1%, to 29,260.8 during normal trade on Monday, touching its lowest level since November 2020. The S&P 500 plummeted 38.2 points, or 1%, to 3,655.1, its lowest closing since December 2020, while the NASDAQ Composite slid 65 points, or 0.6%, to 10,802.9, extending to three-month lows.


On the bond markets, 10-Year United States interest rates were 3.928%, barely below 12-year highs.