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Real-time News
September 4th - First Citizens Bank stated that Fridays U.S. jobs report will show whether the labor market remains in a state of "low hiring, low layoffs." In this state, slowing hiring and limited layoffs, along with a shrinking labor force, offset each other, keeping the unemployment rate generally stable. Key data to watch includes non-farm payrolls, the unemployment rate, labor force size, and revisions to data from previous months. A significant decline in non-farm payrolls or a further contraction in the labor force would be an early sign that the labor market stagnation is beginning to shift towards broader weakness.On September 4th, the Qijing GX7 officially opened for pre-sale.On September 4th, the launching ceremony of the 2026 Zhejiang Province "Quality Month" activities and the 9th Yangtze River Delta G60 Science and Technology Innovation Corridor Quality Standards Conference were held in Hangzhou, Zhejiang. To build consensus across the upstream and downstream of the industrial chain, construct a collaborative governance framework for quality standards involving industry, academia, research, and application, and promote the high-quality development of the embodied intelligent industry, the conference released the "Initiative for Collaborative Construction of Quality Standards for the Embodied Intelligent Industry in the Yangtze River Delta G60 Cities" and the "Research Report on the Evaluation Index System of Quality Standards for the Yangtze River Delta G60 Science and Technology Innovation Corridor in 2025," among other achievements. The "Initiative for Collaborative Construction of Quality Standards for the Embodied Intelligent Industry in the Yangtze River Delta G60 Cities" proposes: prioritizing quality to solidify the foundation for industrial development; jointly building a standards system to connect industrial collaboration interfaces; and collaborative data governance to strengthen the foundation for intelligent training. Specifically, regarding prioritizing quality, the initiative focuses on the joint construction of a standards system, encouraging enterprises to actively participate in the formulation of national and industry standards, and further promoting the collaborative implementation of standards in areas such as basic general applications, core technologies, components, complete systems, and industry applications.On September 4th, according to the official WeChat account of "Beijing Shunyi," the "Development and Construction Plan for the Capital Airport Economic Zone during the 15th Five-Year Plan Period" has been officially issued. According to the plan, the Capital Airport Economic Zone will promote the high-quality development of a "1+4" industrial system over the next five years, with aviation services as the core and supported by pharmaceuticals and healthcare, intelligent manufacturing, logistics and trade, and business consumption. It aims to become a pioneering zone for the airport economy and build a first-class international airport city port. The plan sets 21 core indicators across five dimensions: hub, scale, industry, innovation, and quality. It specifies that by 2030, the parks revenue will reach 620 billion yuan, the district-level general public budget revenue will reach 4 billion yuan, and the annual import and export volume of the Tianzhu Comprehensive Bonded Zone will reach 200 billion yuan. The "1+4" industrial system will achieve an average annual growth rate of around 10%, the Tianzhu Comprehensive Bonded Zone will maintain a top-tier (A-level) performance evaluation, and the high-tech industrys revenue will grow at an average annual rate exceeding 10%, further highlighting its leading and driving role in the high-quality development of Shunyi Plain New City.September 4th - According to real-time data from Lighthouse Pro, as of 12:50 PM on September 4th, the film "Welcome to Dragon Restaurant" has surpassed 2 billion yuan in box office revenue.

Dow Futures decline as earnings season begins

Charlie Brooks

Oct 10, 2022 15:23

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On Sunday evening, U.S. stock futures were trading lower after major benchmark indices ended the week with mixed results amid volatile trading conditions. The upcoming week will be a busy one for investors, as corporate earnings, FOMC minutes, and highly anticipated consumer price data are scheduled for release.


At 7:10pm ET (11:10pm GMT), Dow Jones Futures were down 0.5%, while S&P 500 Futures and Nasdaq 100 Futures each fell 0.6%.


This week, market participants will closely monitor the speeches of Fed policymakers Evans and Brainard, as well as FOMC members Harker and Mester, for additional clues on the Fed's rate hike trajectory. In addition, fresh PPI and CPI data, the most recent FOMC meeting minutes, retail sales, and Michigan consumer sentiment will be monitored, along with fresh earnings results from Morgan Stanley (NYSE:MS), JPMorgan Chase & Co (NYSE:JPM), Citigroup Inc (NYSE:C), Wells Fargo & Company (NYSE:WFC), and PepsiCo Inc (NASDAQ:PEP) (NYSE:DAL).


On Friday, the Dow Jones Industrial Average fell 360.2 points, or 2.1%, to 29,296.8; the S&P 500 fell 104.9 points, or 2.8%, to 3,637.7; and the NASDAQ Composite fell 420.9 points, or 3.0%, to 10,242.4. The Dow gained 1.5% for the week, whereas the S&P 500 gained 0.8% and the NASDAQ only gained 0.1%.


The 10-Year United States bond market interest rate was 3.885%.