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According to the Financial Times, GameStop (GME.N) CEO Ryan Cohen has threatened to submit its $56 billion takeover bid for eBay directly to shareholders.Cisco (CSCO.O) shares surged 20% in after-hours trading after its earnings guidance exceeded expectations.May 14 - According to Chadian media reports on May 13, a fire broke out at a fuel depot in Abeyche, the capital of the Vadai region in eastern Chad, on the evening of May 12, injuring more than 200 people. The Chadian News Agency reported that the fire occurred in the southern part of Abeyche. According to the Vadai regions health department, medical institutions have treated 206 injured people, and 53 are still under medical observation. The report stated that Chadian Deputy Prime Minister Limana Mohamed has led government officials to the scene to assess the damage and has ordered the local government to relocate all oil depots located in the city to the suburbs within 10 days.On May 14th, Futures News reported that crude oil prices rose for the third consecutive day on Wednesday. The current change rate narrowed, and refineries, facing significant losses, showed a strong willingness to maintain prices. However, crude oil prices declined during the session, leading to caution in the market. Gasoline rose by approximately 50 yuan/ton, and diesel by 20-50 yuan/ton. Terminal buyers focused on digesting existing inventory and purchasing only as needed, resulting in a flat trading atmosphere. The gasoline production-to-sales ratio was 70%, and the diesel production-to-sales ratio was 71%. Major oil companies prioritized sales, with listed prices rising slightly in tandem, while actual transaction discounts were offered. The average price of 0# diesel was 7833 yuan/ton, up 77 yuan/ton from the beginning of the week; 92# gasoline was 8771 yuan/ton, up 42 yuan/ton, narrowing the gap with independent refineries. Looking ahead, the change rate remains in negative territory, and with the month approaching its middle, major oil companies are likely to promote sales to boost volume. The market may consolidate sideways in the short term, with sporadic localized weakening. Industry data shows that since the beginning of this year, the retail price limit for gasoline has been raised multiple times, gradually increasing the cost of using gasoline vehicles and reducing the enthusiasm for driving. In April, gasoline consumption decreased by 19.3% month-on-month and 21.08% year-on-year. Meanwhile, new energy vehicles are developing rapidly, with sales increasing significantly year-on-year and ownership increasing by 33.8% year-on-year. The penetration rate has once again exceeded 53%, and in April, new energy vehicles accounted for 29.54% of gasoline consumption.Dallas Fed President Logan, a 2026 FOMC voting member, will participate in a dialogue about the energy industry in ten minutes.

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%.