Will U.S. Efforts to Reclaim the Semiconductor Industry Succeed:

In a report released by the Wall Street Journal, it is likely that the Biden administration
will announce billions in support for the semiconductor industry,
benefiting companies like Intel and Taiwan Semiconductor Manufacturing Co.

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Oil Price Movements During Last Week’s Trading Sessions

Markets Await the Federal Reserve Meeting

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The aim is to redirect chip manufacturing to the United States and counter the growing industrial dominance of China.
Currently, the U.S. has not provided sufficient support,
but upcoming announcements may involve substantial amounts that could benefit various companies,
including Micron Technology and Texas Instruments, as mentioned in the Wall Street Journal report.

Oil Price Movements During Last Week’s Trading Sessions:

Oil prices experienced a notable decline during Friday’s trading session, following a strong increase in the previous session due to positive economic data in the United States and economic stimulus measures in China. Nevertheless, oil is poised to achieve weekly gains exceeding 3%. Regarding trading prices, Brent crude futures dropped by 0.62% to $81.96 per barrel, while West Texas Intermediate crude prices decreased by approximately 0.78% to reach $76.70. Oil currently finds itself at its highest levels since November 27. Oil price movements were influenced by profit-taking from the elevated positions attained by investors in the previous session after oil reached its highest levels in nine weeks. However, oil is now heading towards its second consecutive weekly gain, potentially the highest since early October.

Markets Await the Federal Reserve Meeting

Expectations of Interest Rate Stability, but Awaiting Hints on the Start of Reduction:

Markets are in a state of anticipation and waiting ahead of the U.S. Federal Reserve meeting, with expectations pointing towards the Federal Reserve maintaining interest rates unchanged at 5.50% in this meeting. However, markets are eagerly awaiting any hints indicating the starting date of interest rate reduction later this year. Jerome Powell, the Federal Reserve Chair, announced the Fed’s intention to cut interest rates three times this year by 25 basis points each time during the press conference following the last meeting. Recent economic data indicated a smooth downturn in the U.S. economy this year after a period of intense monetary tightening. The data also showed a larger-than-expected decline in inflationary pressures, prompting early interest rate cuts by the Federal Reserve back onto the agenda. On the other hand, some Federal Reserve members expressed caution, stating that if inflation continues to exceed the targeted 2%, it may impact future Federal Reserve decisions, potentially leading to a renewed interest rate hike. Therefore, investors expect the Federal Reserve to closely monitor

Will U.S. Efforts to Reclaim the Semiconductor Industry Succeed

Will U.S. Efforts to Reclaim the Semiconductor Industry Succeed

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