Patrick Munnelly: Oil prices are stable and the Federal Reserve's interest rate is expected to decline, benefiting the US Science and Technology Block

According to the early release of In A, Patrick Munnelly of the Tickmill Group stated that the US Science and Technology Block would benefit if oil prices were stable and investors were expected to lower interest rates on the Fed. Rising oil prices have contributed to market pricing that reflects the higher potential of the Fed to raise interest rates in the coming months and has weakened the demand for risky assets. Rising energy prices and rising inflation concerns will further weaken market risk preferences。