{"id":9857,"date":"2022-12-09T15:34:00","date_gmt":"2022-12-09T07:34:00","guid":{"rendered":"https:\/\/www.syfe.com\/magazine\/?p=9857"},"modified":"2024-04-02T13:18:54","modified_gmt":"2024-04-02T05:18:54","slug":"weekly-market-wrap-9-december-2022","status":"publish","type":"post","link":"https:\/\/www.syfe.com\/magazine\/weekly-market-wrap-9-december-2022\/","title":{"rendered":"Weekly Market Wrap | 9 December 2022"},"content":{"rendered":"\n

China eases Covid restrictions<\/strong><\/h1>\n\n\n\n
\"\"<\/figure>\n\n\n\n

The double whammy of supply shortages and the country\u2019s strict Covid rules in the past few months have challenged the narrative that China is the world\u2019s factory. In November 2022, exports took a hit, contracting 8.7% compared to the same time last year – over double what economists were expecting. Unfortunately, imports also fell 10.6%, the biggest drop in over 2 years. This resulted in China\u2019s trade surplus falling 2.5% lower than last year. The poor development of trade surplus is precisely what triggered a relaxation in China\u2019s rules this week. <\/p>\n\n\n\n

Why does it concern us investors? This shows that the Chinese government is now prioritizing the economy over its Covid battle. Many investors have taken this as the green light to invest into China\u2019s tourism, catering and F&B stocks as these are likely to benefit in the short-term from easier Covid rules. On the other hand, lax Covid-19 regulations could also spell a surge in infections, affecting domestic consumption and production. Suffice to say the road to recovery will be a bumpy journey for China, but for now they are on the right track. <\/p>\n\n\n\n

International Energy Agency places prediction on solar energy<\/strong><\/p>\n\n\n\n

\"\"\/<\/figure>\n\n\n\n

The oil energy market is at a junction and both roads appear to end with a future that is made up of renewable energy. In light of recent G7\u2019s imposed price cap on Russian oil, International Energy Agency published a report on solar power predicting that renewables are set to account for over 90% of global electricity expansion over the next five years, overtaking coal. <\/p>\n\n\n\n

Currently, demand for oil is falling and despite the combined effects of OPEC\u2019s supply restrictions and the Russian embargo, prices of oil are still falling. <\/p>\n\n\n\n

Despite all this, ExxonMobil announced on 8th December that it will be pumping in more capital in the oil industry, taking advantage of low prices to extract more oil.<\/p>\n\n\n\n

Microsoft\u2019s long awaited acquisition of Activision blocked by FTC <\/strong><\/h1>\n\n\n\n
\"\"\/<\/figure>\n\n\n\n

The drama-filled acquisition has faced yet another hurdle: US regulators are suing to block Microsoft\u2019s deal to buy Activision Blizzard, an American video game publisher. Their primary concern is that this acquisition will further reduce competition in the gaming industry as Microsoft will be able to restrict titles such as Call of Duty <\/em>from rivals like Sony.<\/p>\n\n\n\n

\"\"\/<\/figure>\n\n\n\n

This $70 billion deal to acquire Activision would be the biggest ever acquisition for the old-school tech giant, which would see it become the third-highest revenue from gaming globally. This deal would therefore enable Microsoft to engage in price manipulation and even withholding content from competitors. <\/p>\n\n\n\n

Why should you care? The FTC means business and has promised to take on Big Tech\u2019s market power in an attempt to reduce anti-competitive practices in the US. <\/p>\n\n\n\n

Index<\/strong><\/td>Level<\/strong><\/td>1 Week<\/strong><\/td>1 Month<\/strong><\/td>From Jan 1 2022<\/strong><\/td><\/tr>
S&P 500 (US Stocks)<\/td>3,770<\/td>-2.9%<\/td>-0.58%<\/td>-17.97%<\/td><\/tr>
Nasdaq 100 (US Tech Stocks)<\/td>10,857<\/td>-2.83%<\/td>-1.18%<\/td>-29.93%<\/td><\/tr>
CSI-300 (Chinese Stocks)<\/td>3,767<\/td>0.62%<\/td>4.2%<\/td>-19.61%<\/td><\/tr>
Bitcoin (in USD)<\/td>21,256<\/td>0.74%<\/td>1.10%<\/td>-64.46%<\/td><\/tr><\/tbody><\/table>
Source: Google Finance, as of December 9th, 2022.<\/figcaption><\/figure>\n\n\n\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

China eases Covid restrictions The double whammy of supply shortages and the country\u2019s strict Covid rules in the past few months have challenged the narrative that China is the world\u2019s factory. In November 2022, exports took a hit, contracting 8.7% compared to the same time last year – over double what economists were expecting. Unfortunately, […]<\/p>\n","protected":false},"author":3,"featured_media":9861,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[25,289],"tags":[],"class_list":{"0":"post-9857","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-investment-insights","8":"category-market-insights"},"acf":{"readingTime":"","authorName":"","authorThumbnail":false,"BLUE_TIER":"0","BLACK_TIER":"0","GOLD_TIER":"0","PRIVATE_WEALTH_TIER":"0","PRE_AML":"0","POST_AML":"0","NO_GLOBAL_PORTFOLIO":"0","NO_REITS_PORTFOLIO":"0","NO_EQUITY_PORTFOLIO":"0","NO_CASH_PORTFOLIO":"0","HAS_ADVISOR":"0","INVESTMENT_PORTFOLIO_AUM":"0","AFTER_AML_DATE":"","AFTER_ACCOUNT_CREATED_DATE":""},"yoast_head":"\nWeekly Market Wrap | 9 December 2022 - Connect<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.syfe.com\/magazine\/weekly-market-wrap-9-december-2022\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Weekly Market Wrap | 9 December 2022\" \/>\n<meta property=\"og:description\" content=\"China eases Covid restrictions The double whammy of supply shortages and the country\u2019s strict Covid rules in the past few months have challenged the\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.syfe.com\/magazine\/weekly-market-wrap-9-december-2022\/\" \/>\n<meta property=\"og:site_name\" content=\"Connect\" \/>\n<meta property=\"article:published_time\" content=\"2022-12-09T07:34:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-04-02T05:18:54+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.syfe.com\/magazine\/wp-content\/uploads\/2022\/12\/022a0000-0aff-0242-0449-08dad4d7d89d_w1200_r1.webp\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"675\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/webp\" \/>\n<meta name=\"author\" content=\"Syfe Singapore\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Syfe Singapore\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.syfe.com\/magazine\/weekly-market-wrap-9-december-2022\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.syfe.com\/magazine\/weekly-market-wrap-9-december-2022\/\"},\"author\":{\"name\":\"Syfe Singapore\",\"@id\":\"https:\/\/www.syfe.com\/magazine\/#\/schema\/person\/8d955bc4210538fdf152e7e66c4b943c\"},\"headline\":\"Weekly Market Wrap | 9 December 2022\",\"datePublished\":\"2022-12-09T07:34:00+00:00\",\"dateModified\":\"2024-04-02T05:18:54+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.syfe.com\/magazine\/weekly-market-wrap-9-december-2022\/\"},\"wordCount\":508,\"publisher\":{\"@id\":\"https:\/\/www.syfe.com\/magazine\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.syfe.com\/magazine\/weekly-market-wrap-9-december-2022\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.syfe.com\/magazine\/wp-content\/uploads\/2022\/12\/022a0000-0aff-0242-0449-08dad4d7d89d_w1200_r1.webp\",\"articleSection\":[\"Investment insights\",\"Market Insights\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2022\",\"copyrightHolder\":{\"@id\":\"https:\/\/www.syfe.com\/magazine\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.syfe.com\/magazine\/weekly-market-wrap-9-december-2022\/\",\"url\":\"https:\/\/www.syfe.com\/magazine\/weekly-market-wrap-9-december-2022\/\",\"name\":\"Weekly Market Wrap | 9 December 2022 - 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