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On May 10, UN Secretary-General António Guterres spokesperson, Stéphane Dujarric, issued a statement on May 9, welcoming the announcement by Russia and Ukraine of a three-day ceasefire from May 9 to 11 and plans for a large-scale prisoner exchange. The statement said the Secretary-General reiterated his call for an immediate, comprehensive, unconditional, and lasting ceasefire as a first step toward achieving a just, sustainable, and comprehensive peace, consistent with the UN Charter, international law, and relevant UN resolutions. The statement added that Guterres appreciated the efforts made by the United States to facilitate the agreement and fully supported its implementation.Hungarian Prime Minister Majol apologized for the mistakes made by the government of Prime Minister Viktor Orbán.On May 9th, Hong Kong Stock Exchange data showed that the total market capitalization of the securities market reached HK$48 trillion at the end of April 2026, a year-on-year increase of 24%. The average daily turnover in April 2026 was HK$253.5 billion. The average daily turnover for the first four months of 2026 was HK$271.1 billion, a year-on-year increase of 8%. The average daily turnover of exchange-traded funds (ETFs) for the first four months of 2026 was HK$39.1 billion, a year-on-year increase of 5%. There were 49 new listed companies in the first four months of 2026, a 158% increase compared to 19 in the same period last year. The total funds raised through initial public offerings (IPOs) in the first four months of 2026 amounted to HK$151.4 billion, a year-on-year increase of 604%.On May 9th, the National Healthcare Security Administration released the "Work Plan for Adjusting the National Basic Medical Insurance, Maternity Insurance and Work Injury Insurance Drug Catalog and the Commercial Health Insurance Innovative Drug Catalog in 2026 (Draft for Public Comment)" for public comment.On May 9th, Japans Ministry of Economy, Trade and Industry (METI) announced on social media that Japan may send government officials to Russia as early as the end of May to maintain communication channels and provide support to its companies still operating in Russia. METI stated that it is necessary to protect the assets of Japanese companies remaining in Russia, and to support these efforts, the Japanese government has been maintaining government-level communication with Russia and has made relevant requests.

Dow Futures Decline; Focus on CPI And Fed Meeting

Aria Thomas

Dec 12, 2022 10:17

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On Sunday evening, U.S. stock futures were trading lower as key benchmark averages plunged to 3-week lows due to rising recession concerns. Important CPI data and a highly anticipated 50 basis point rate hike from the Federal Reserve were awaited by investors.


At 6:25pm ET (11:25pm GMT), Dow Jones Futures and S&P 500 Futures were down 0.2%, while Nasdaq 100 Futures were down 0.3%.


Following four consecutive months of 75 basis point rises, market participants will closely examine Tuesday's consumer price index data and Wednesday's Federal Reserve interest rate decision and announcement, with policymakers projected to hike rates by 50 basis points. Moreover, market players will closely track retail sales, manufacturing and services PMIs, industrial production, and the Philadelphia Fed Manufacturing Index.


The Dow Jones Industrial Average fell 305 points, or 0.9%, to 33,476.5 on Friday, while the S&P 500 lost 29.1 points, or 0.7%, to 3,934.4 and the NASDAQ Composite sank 77.4 points, or 0.9%, to 11,044.6. For the week, the Dow sank 2.5%, the S&P 500 fell 2.8%, and the NASDAQ fell 3.4%.


In terms of statistics, the producer price index for November increased by 0.3%, exceeding expectations of 0.2%, while the annualized growth rate decreased from 8.1% to 7.4%, surpassing expectations of 7.2%, and the Michigan consumer confidence index increased from 56.8 to 59.1, exceeding expectations of 56.8.


The 10-Year U.S. bond market interest rate was 3.584%.


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