Save the most important stock market signals today / stock market budget?
The stock market is shrouded in ambiguity, according to TradeNews. Some of these ambiguities will be resolved today with the submission of the 1401 budget bill to the Islamic Consultative Assembly. Negotiations are also the next important news from which contradictory news arrives.
Budget figures were released yesterday. Numbers, some of which could promise better days for the stock market. Of course, today, by presenting the budget bill to the Islamic Consultative Assembly, one can make a more accurate judgment about the impact of these numbers on the stock market, but with this initial text, there are some good and bad points for the market. These include eliminating the 4,200 toman currency, stabilizing the budget dollar at 23,000 tomans, which is the current exchange rate of some companies, and addressing market currency concerns. And most importantly, he pointed to the reduction in the issuance of government bonds to 96,000 billion tomans.
In addition to the 1401 budget, which the stock market and market participants are not looking forward to today, the uncertain future of the negotiations has also raised concerns. The negotiating parties are giving contradictory news about the negotiations, but it does not seem that the negotiations will reach the desired result, at least in the short term.
Bagheri, the senior Iranian negotiator in Vienna, said: “The disputed issues of the previous six rounds of talks in Vienna have not been resolved yet and are on the table.” Iran will not accept anything less than Borjam. The German Foreign Minister also stated in this regard: There is no progress in the nuclear negotiations with Iran. We have intensified efforts to reach a diplomatic solution to save the nuclear deal.
The United States will sell 18 million barrels of crude oil on December 17 in line with Biden order to release strategic oil reserves to lower gasoline prices. The Biden administration announced last month that it would sell 50 million barrels of its strategic reserves along with other oil-consuming countries, including China, India and South Korea, to stem rising fuel prices.
An increase in car prices is not enough
Fatemi Amin, Minister of Silence, stated: “Inflation in our country is over 40%, but from the beginning of the year until today, we have witnessed only an 18% increase in car prices.” In other words, the correction of car prices is half the amount of inflation that exists in the market and goods. This will increase the turnover of the car industry and reduce their losses to some extent.
Mohseni Ejei, the head of the judiciary, said: “Important ambiguities in the country’s stock exchange that the stock exchange organization should clarify and remove ambiguity.” Unconventional interventions in the buying and selling of stocks are carried out by stock exchange supervisors. Matters are imposed on real and legal shareholders without explanation. Due to the access of brokerages and the stock exchange organization to all rows and orders of supply and demand, ordinary shareholders can view a maximum of 5 rows of orders online.
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