BEIJING, Oct 9 (Reuters) – U.S. Senate Majority Leader Chuck Schumer on Monday called on Chinese President Xi Jinping to support Israel after deadly attacks by Hamas, saying he was disappointed Beijing had not shown “sympathy” for the country over the weekend. .

State media accounts of the meeting ignored Israel, focusing instead on the need for cooperation and mutual respect, and offering Xi’s bleak remarks to help lay the groundwork for a possible summit with US President Joe Biden next month.

Militants of the Islamist group Hamas attacked Israeli towns on Saturday, killing 700 Israelis and kidnapping dozens, the worst incursion into Israeli territory since attacks by Egypt and Syria in the Yom Kippur War 50 years ago. In response, Israel attacked Gaza, killing hundreds of Palestinians.

In response, China’s foreign ministry in a weekend statement urged “relevant parties” to remain calm and end hostilities to protect civilians, adding that “the basic way out of the conflict is to implement a two-state solution and establish an independent state of Palestine”.

Schumer is leading a rare bipartisan congressional delegation on an Asia trip that includes stops in South Korea and Japan. It aims to advance the economic and national security interests of the United States.

“The events of the past few days in Israel are nothing short of horrific. I urge you and the Chinese people to stand with the Israeli people and condemn the cowardly and brutal attacks,” Schumer told Xi in Beijing.

“I say this with respect, but I am disappointed by the foreign minister’s statement that shows no sympathy or support for the Israeli people in these troubled times,” he added.

Asked about Schumer’s comments, Foreign Ministry spokesman Mao Ning told a regular briefing on Monday that China was “very concerned” about the expansion. “We are deeply saddened by the civilian casualties in the conflict and oppose and condemn such acts against civilians,” he said.

Mao said China would call for a ceasefire to avoid further casualties.

General options

After passing a major bill last year to increase competition with China in semiconductors and other technologies, Schumer and Democratic caucus leaders said in May they would write legislation to restrict the flow of technology to China, prevent it from starting a conflict with Taiwan and toughen rules. Prevent US capital from going to Chinese companies.

On Monday, Schumer reiterated that the main purpose of the trip was economic reciprocity and creating a balance for American businesses in China, and assured that Washington was not seeking confrontation with Beijing.

According to state broadcaster CCTV’s account of the meeting, Xi told Schumer that “competition and confrontation are not in keeping with the times, let alone solving their own problems and the challenges facing the world.”

He also said that “China always believes that the common interests of China and the United States outweigh their differences” and that the two countries’ success is an opportunity rather than a challenge to each other.

Contact between U.S. and Chinese officials has increased in recent months to bring some improvement in relations that have been strained for years over Taiwan, the origin of Covid-19 and allegations of Chinese espionage.

San Francisco will host the Asia-Pacific Economic Cooperation (APEC) summit in November, and public attention is focused on whether Xi will attend the recent G20 summit in New Delhi, which Biden skipped.

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SYDNEY, Oct 9 (Reuters) – U.S. stock futures fell on Monday as a military conflict in the Middle East lifted oil and Treasuries, while a September U.S. jobs report lifted the rate for inflation figures later in the week.

Holidays in Japan and South Korea were tepid, but early bids were for bonds and the safe havens of the Japanese yen and gold, while oil prices rose to more than $3 a barrel.

The Israeli shekel initially fell to 3.9880 per dollar, its lowest level since early 2015, prompting the country’s central bank to sell up to $30 billion in shekels.

The immediate move helped par the currency’s losses to 3.9050, while the central bank said it would provide liquidity to markets as needed.

“The risk is higher oil prices, declines in stocks, and a rise in volatility are supporting the dollar and yen, and undermining ‘risky’ currencies,” CBA’s analysts said in a note.

In particular, they added, there is a possibility of disruption of oil supplies from Iran.

“Given the tightening oil markets are already facing in Q4 2023, an immediate reduction in Iran’s oil exports risks pushing Brent futures above $100/bbl in the short term.”

Israel attacked the Palestinian enclave of Gaza on Sunday in retaliation for one of the bloodiest attacks in its history when the Islamist group Hamas killed 700 Israelis and kidnapped dozens more.

The risk of supply disruptions was enough to lift Brent by $3.14 to $87.72 a barrel, while US crude gained $3.28 to $86.07 a barrel.

Gold demand also rose 1.1% to $1,852 an ounce.

In currency markets, the yen was the main gainer, although moves were moderate overall. The euro was down 0.3% at 157.37 yen and the dollar was down 0.1% at 149.14 yen. The euro was also down 0.3% against the dollar at $1.0552.

The cautious mood is a salve for sovereign bonds after recent heavy selling and 10-year Treasury futures rose a substantial 12 ticks. The yield was 4.74%, up from 4.81% on Friday.

BET ON FED EASING

Any sustained rise in oil prices would act as a tax on consumers and add to inflationary pressures, which weighed on stocks as S&P 500 futures lost 0.8% and Nasdaq futures lost 0.7%.

EUROSTOXX 50 futures fell 0.4% and FTSE futures fell 0.1%.

Nikkei futures were down 1.0% at the close in Tokyo, close to where the money market ended on Friday.

MSCI’s broadest index of Asia-Pacific shares outside Japan ( .MIAPJ0000PUS ) was flat as Chinese blue chips ( .CSI300 ) fell 0.6% as they returned from the holidays.

The strength of the US jobs report fed expectations that interest rates will remain high for longer, with another big test coming from September consumer prices data.

Average forecasts are for a 0.3% gain in both headline and core measures, which should see the annual pace of inflation touch down.

Minutes from the last Federal Reserve meeting are due this week and will help gauge how serious members were about raising or hiking rates again.

Early on Monday, markets felt that developments in the Middle East would lean against further central bank hikes and could accelerate policy easing next year.

Fed funds futures now indicate an 86% chance rates are on hold in November, and 75 basis points lower in prices for 2024.

China also returns from vacation this week with a deluge of data including consumer and producer inflation, trade, credit and debt growth.

News from the Middle East could affect the start of the corporate earnings season, with 12 S&P 500 companies reporting this week, including JP Morgan, Citi and Wells Fargo.

Goldman Sachs sees 2% sales growth, 55 basis points margin contraction to 11.2% and flat EPS compared to last year.

“Economic growth in the near term and modest inflationary pressures will support moderate sales growth and slim margin improvement,” Goldman analysts said in a note.

“However, significant margin expansion is unlikely given the ‘high for longer’ interest rate regime, inelastic wage growth and AI investments among some technology firms.”

Our Standards: Thomson Reuters Trust Principles.

• Swift attended the Kells’ last two NFL games at Arrowhead and MetLife Stadium.
• But she decided to walk away from her new beau’s latest outing against the Vikings
• DailyMail.com provides all the latest international sports news

Taylor Swift didn’t show her face at Sunday afternoon’s Kansas City Chiefs-Minnesota Vikings game in Minneapolis.

It is unknown whether or not Swift will continue to attend Chiefs games in Minnesota.

After she was nowhere to be seen before kickoff in Minneapolis, NFL Network reporter Scott Hanson confirmed that the pop sensation was not in attendance during Sunday’s game.

Thousands of fans flocked to US Bank Stadium to soak up the Swift and Kelce frenzy that has engulfed the NFL in recent weeks.

TV producers for Sunday’s game also appeared to be preparing for his appearance, with a photo by Kansas City Star photographer Nick Wagner showing stickers saying ‘Day’ plastered above one particular seat.

The same stickers were found next to Swift’s seat at Arrowhead, where he watched the Kells and the Chiefs beat the Bears last month — his first appearance in support of the Kells.

Last week, he traveled to MetLife Stadium to watch the Chiefs play the New York Jets on Sunday Night Football.

With Swift’s arrival, Kansas City won both games – moving to 3-1 on the season.

Despite his no-show on Sunday, the Chiefs president denied the singer-songwriter’s association with the Kells and Kansas City could have a negative impact on the team/

Mark Donovan dismissed the attention Swift brings as a distraction for Kells and the team, particularly for the 34-year-old himself.

“Travis is a smart teammate,” Donovan told PEOPLE. ‘He can handle it and is very professional.

‘Our locker room has the maturity, leadership and respect to handle it.’

Kelsey addressed the media on Friday and said she was embracing the extra media interest surrounding her and the pop star.

‘When all the attention comes, you know – I was on top of the world after the Super Bowl and now I’m even more on top of the world,’ he said.

You have a lot of people who care about Taylor, and for good reason. Live and learn and enjoy the moments.

‘We’re learning paparazzi are everywhere taking pictures, but it’s coming.

‘I’ve always been very good at focusing on this building. I’ll keep rolling with it, man.

‘Everybody’s having fun with it, overdoing it or not. I know I brought this on myself and I’m lucky to have fun with it. What really matters is that it doesn’t fool anyone, at least here.’

We may know much less about a freak cosmic explosion than we thought.

They are called luminescent fast blue optical transients, or LFBOTs, and one Finch (AT2023fhn) observed in interstellar space at considerable distances from the nearest galaxy.

That’s a problem, because astronomers thought LFBOTs might be a type of massive supernova — something that actually happened within the confines of a galaxy.

“The more we learn about LFPODs, the more they surprise us.” Astronomer Ashley Grimes says European Space Agency and Radbot University in the Netherlands.

“We have now shown that LFPODs can occur far away from their nearest galaxy, and Finch’s location is not what we would expect for a supernova.”

The first LFBOT was discovered in 2018, and since then we’ve discovered quite a few. With each new discovery, LFBOTs continue to puzzle scientists. These space explosions are very bright – at least 10 times brighter than a normal supernova – and very brief.

Normal supernovae peak and fade over weeks or months; LFBOTs are like camera flashes in space. And they are very hot; That’s what gives them their blue color.

Scientists thought these events might be caused by an unusual type of core-collapse supernova, in which the core of a dying star collapses directly into a neutron star or black hole. This requires a large progenitor star, At least eight times the mass of the Sun.

Another possibility is that the flashes could be caused by the black hole swallowing another ultradense object. A white dwarf star.

Big stars don’t live long Main sequence Lives. Its Less than 100 million years A star has eight times the mass of the Sun. And they were born in regions of dense gas and dust, namely galaxies. It’s there Not much in intergalactic space.

Although some stars can exit the orbit and exit the velocities of their host galaxies, massive neutron star and black hole progenitors are not expected to get that far before their final supernovae.

In fact, all previous LFBOTs have been found in the spiral arms of galaxies where star formation is occurring—the place where one would expect to find a supernova.

This brings us to Finch’s problem. It was detected by the Zwicky Transient Facility on 10 April 2023. Its temperature has been measured at 20,000 degrees Celsius (about 36,000 Fahrenheit). Hubble was called in to find out where it came from. This is where things started to go a little slow.

The explosion occurred about 2.86 billion light-years away—but in intergalactic space, about 50,000 light-years from the nearest spiral galaxy and 15,000 light-years from that spiral galaxy’s nearest dwarf satellite galaxy. This poses a significant challenge to the supernova hypothesis.

But the black hole hypothesis is still on the table. Researchers say it’s possible that an old, isolated ball of stars, called a globular cluster, is lurking in intergalactic space.

Globular clusters are thought to be entangled with black holes, a rare intermediate mass type. If there is a globular cluster out there, too faint to see, we may have blindly snacked on one of these black holes.

Another possibility is that the explosion was caused by a collision between two neutron stars, one of which may have been a magnet, whose intense magnetic field could have amplified the resulting kilonova. Theoretical analysis should be performed to determine the plausibility of this scenario.

“The finding raises more questions than it answers.” Crimes say. “More work is needed to determine which of the many possible explanations is correct.”

One thing is certain though. The more we discover these things, the weirder they are.

The research was accepted Monthly Notices of Letters of the Royal Astronomical Societyand available arXiv.

Dow Jones futures open Sunday evening, along with S&P 500 futures and Nasdaq futures. Massive Hamas attacks on Israel and the prospect of a major Israeli retaliation could weigh on futures and financial markets on Monday.

X

After some struggles for much of the past week, a new stock market rally led to a rally on Friday. Major indices turned upside down and many stocks displayed buy signals.

nvidia stock, Meta platforms (Meta), Arista Networks (Aneta), Qualis (QLYS), Rat Lily (LLY), CME Group (CME), Vertive Holdings (VRT), CrowdStrike Holdings (CRUD), Cadence design settings (CDNS) and Palo Alto Networks (PANW) is one of those who remove buying points or initial entries. All have relative strength lines at or near highs, reflecting strong performance against the S&P 500.

With those 10 shares, Tesla (D.S.L.A) rebounded from key support on Friday and rose for the week despite a flurry of bad news.

Investors should prepare their watch lists this weekend and gradually add exposure if the market continues to perform well.

Nvidia (NVDA), LLY Stack, Arista Networks, Vertiv and Meta platforms are in operation IBD Leaderboard, Tesla stock is on the leaderboard watch list. PANW stock and meta platforms are available on SwingTrader. CDNS stock is among IBD’s long-term leaders. Meta Stack, Nvidia, Qualis, Arista Networks, Cadence Design, Palo Alto Networks, Tesla and Eli Lilly IBD 50. Nvidia, Tesla, Palo Alto and ANET have shares IBD Big Cap 20.

Eli Lilly Friday’s IBD Stock of the Day, Crowdstrike, Arista Networks and PANW stocks were also picked for the week.

Hamas attacks Israel

The Palestinian group Hamas launched a series of brutal attacks on Israel on Saturday, firing thousands of missiles and forces across much of the country’s south, deliberately killing hundreds of civilians and taking dozens of hostages. Israeli Prime Minister Benjamin Netanyahu has declared war on Hamas, with the possibility of a major retaliation in the coming days and weeks.

This will strain relations between Israel and Saudi Arabia. Saudi Arabia has told U.S. officials it could increase oil production next year as part of Saudi Arabia’s recognition of Israel as part of a possible goodwill gesture to fix a U.S.-Saudi defense deal with Congress.

All this could shake up financial markets on Monday, especially crude oil.

Dow Jones Futures Today

Dow Jones futures open Sunday at 6 PM ET, along with S&P 500 futures and Nasdaq 100 futures.

Remember that overnight action in Dow futures and elsewhere does not necessarily translate into actual trading in the next regular stock market session.

Join IBD experts as they analyze leading stocks and markets on IBD Live

Stock market rally

The stock market struggled for much of the week as the Dow Jones and S&P 500 pared recent lows and ended their rally attempts. But the Nasdaq rally effort continued. On Friday, the major indices turned upside down with higher gains, with leading stocks gaining momentum.

The Dow Jones Industrial Average fell 0.3% in last week’s stock market trading. The Dow fell again on Friday morning, but later rallied to a 0.9% gain. The S&P 500 index rose 0.5%, recovering from a 40-week line on Friday. The Nasdaq composite rose 1.6% on Friday and for the week, pushing above a 21-day line. The small-cap Russell 2000 fell 2.1% after hitting a five-month low on Tuesday.

Market breadth was positive on Friday, but the general trend has been very weak for weeks or months.

The 10-year Treasury yield rose 21 basis points to 4.78%, but touched a peak of 4.89% early Friday. The 10-year bond yield rose several basis points on Friday, but the dollar retreated for a third straight session.

US crude oil futures fell 8.8% last week to settle at $82.79 a barrel. Gasoline futures fell 8.6% last week and have fallen more than 19% over the past three weeks. They hit their all-time low in 2023 during the week.

ETFs

Among growth ETFs, the innovator IBD 50 ETF (FFTY) advanced 0.5% last week. iShares Expanded Technology-Software Sector ETF (VAT) rose 2.2% and retook the 50-day line. Cybersecurity CRWD plays a role, Qualis and Palo Alto are all IGV members. VanEck Vectors Semiconductor ETF (SMH) rose 2.3%, with Nvidia shares the No. 1 holding. CDNS stock is in SMH and IGV.

Reflecting the more speculative story stocks, the ARK Innovation ETF (ARKK) fell 1.2% last week and the ARK Genomics ETF (ARKGfell 5.7%. Tesla shares are the No. 1 holding across Arc Invest’s ETFs.

SPDR S&P Metals & Mining ETF (XME) fell 3.2% last week. Global X US Infrastructure Development ETF (sidewalkdecreased by 0.4%. US Global Jets ETF (JETS) decreased by 1.5%. SPDR S&P Homebuilders ETF (XHBdecreased by 2.1%. Energy Select SPDR ETF (XLE) sold 5.2% and the Health Care Sector SPDR Fund (XLV) rose 1%, with LLY stock being a notable member. Industrial Select Sector SPDR Fund (XLI) fell 0.6%.

Fund Selection SPDR ETF (45CME shares fell 0.4%, with one member.

Five Best Chinese Stocks to Watch Now

Stocks in procurement zones

Nvidia shares rose 2.4% to 457.62 on Friday, up 5.2% for the week, clearing the 50-day line and providing an early entry. At Friday’s close, NVDA stock hit a new low of 502.66 with a buy point. Shares fell on Friday night, The Information reported Microsoft (MSFT) Nvidia will introduce an AI chip next month to reduce reliance on GPUs.

Meta stock rose 3.5% to 315.43 on Friday, off a 310.64 cup-with-handle buy point and a 312.87 entry.

Arista shares rose 3.2% on Friday and 45.5% for the week to 194.02. Shares allowed an initial entry of 189.90. ANET stock now has a flat base with a buy point of 198.70.

Eli Lilly stock rose 4.4% from its 50-day line on Friday to 565.22 and moved above its 21-day moving average. This provided a new buying opportunity. LLY stock fell below its 50-day line on Tuesday but recovered it on Thursday. Eli Lilly staged a bullish outing for the week.

Qualys stock rose 4% to 160.97 on Friday, touching short-term resistance at 155 and a recent 52-week high of 157.88. That latest area could be seen as a flat floor in effect or a handle for the floor going into September 2022.

CrowdStrike stock rose 6.9% to a high of 176.69 on Friday, snapping months of confusing consolidation from a 21-day streak. However, CRWD stock closed 11.4% above its 50-day line.

Palo Alto stock rose 4.2% to 246.69 on Friday, bouncing back from near the 50-day line and clearing some short-term positions. PANW stock has a consensus buy point of 258.88. However, investors can use a trendline around 254.23 or 250 as further early entries.

CME stock rose 4.85% to 211.93 in a big week that dipped in the past two months of trading. On Thursday, the stock broke above the 50-day line. On Friday, shares cleared a flat-base buy point of 209.31, according to MarketSmith analysis.

Vertiv shares rose 6.9% on the week to 39.77, including a 4.2% gain on Friday. Shares rose from the 21-day and 10-week lines, while clearing short-term positions, providing an early entry. VRT stock, one of the big winners of 2023, now has a new flat base with a buy point of 40.41.

Cadence Design stock rose 3.9% to 243.95 on Friday, rebounding from a 50-day line and breaking a bearish decline, giving it an early entry. CDNS stock is working on a 247.50 cup-with-handle buy point.

Tesla stock

Tesla shares rose 4.1% on the week to 260.53. On Wednesday, the stock rose 5.9% and rose above the 50-day line, giving an early entry. Shares fell back to the 50-day line on Friday morning, but rebounded for a small gain. A move above Thursday’s intraday high of 263.20 could provide a fresh early entry from breaking a bearish on the handle. Tesla stock has a cup-with-handle base of 278.98.

Tesla showed surprising strength, delivering seemingly bad news. Earlier Monday, Tesla’s third-quarter deliveries fell more than expected. On Monday night, Tesla introduced a new, lower-priced Model Y that’s $3,750 cheaper than the previous base variant. Late Thursday, Tesla cut Model 3 and Model Y prices in the U.S., along with Model Y cuts in Norway.

Bulls look to the updated Model 3, which will begin deliveries soon in China and Europe, as well as the upcoming Cybertruck and more speculative long-term bets on self-driving, AI and robotics.

Time the market with IBD’s ETF Market Strategy

What to do now

The stock market’s rally attempt showed decent action to close the week, with major indices turning upside down on Friday and a large number of leading stocks flashing buy signals.

Investors may have added some exposure on Friday. If the market continues to perform well, continue to move out of cash, but do so gradually.

Remember, stocks rallied on Friday as Treasury yields came higher, but the rally in market rates continues. If the 10-year Treasury bond yield closes at 5%, it’s easy to imagine the major indexes bending again.

So be ready to pull back if the market or your positions start to falter.

But this weekend is the time to prepare. Make sure your watch lists are up to date. Pay special attention to stocks that are viable or nearly so.

In the coming week, investors will receive CPI and PPI inflation reports. Earnings season begins, with JP Morgan Chase (JPM), United Health (UNH) and Delta Air Lines (DAL) among leaders.

Read the big picture every day to stay in tune with market direction and leading stocks and sectors.

Follow Ed Carson on X/Twitter @IBD_ECarson and texts @edcarson1971 For stock market updates and more.

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Gaza
CNN
—

A barrage of rockets killed one person and wounded at least three others, the Israel Defense Forces (IDF) said Saturday, as several militants crossed into Israeli territory from Gaza.

The Palestinian militant group Hamas claimed responsibility for the rocket attack.

Hamas military commander Muhammad al-Taif released a recorded message announcing the “al-Aqsa Storm” operation, saying the Palestinian militant group “targeted enemy positions, airports and military positions with 5,000 rockets.”

The IDF has warned Israelis living near Gaza to stay in their homes.

A barrage of rockets fired from Gaza into Israel on Saturday morning killed one person and wounded at least three others, Israel’s Magan David Adom (MDA) rescue service said.

Rockets spotted by a CNN producer in Gaza set off sirens as far north as the Tel Aviv area, as far east as Beer Sheva and many places in between.

MDA reported that a 70-year-old woman was shot and killed in Kfar Aviv, Gderot area.

Two others were lightly injured in the Ashkelon region, the rescue service said, while a fourth person – a man in his 20s from Yavne – was moderately injured by shrapnel.

The rockets were fired around 6:30 a.m. local time Saturday (11:30 p.m. ET), when most Israelis were probably asleep.

Prime Minister Benjamin Netanyahu and Defense Minister Yoav Galant are conducting security assessments at the Israel Defense Forces headquarters in Tel Aviv, Netanyahu’s office said.

This is an important message. A lot more to come.