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According to Japans Kyodo News, Toyota Motor Corporation (TM.N) will cut overseas production by 38,000 vehicles by November due to war-related factors. Toyota will reduce production in Asia for export to the Middle East.On April 20th, six departments, including the Zhuhai Municipal Housing and Urban-Rural Development Bureau, issued a notice on optimizing and adjusting the citys real estate policies. The notice proposes optimizing housing provident fund loan policies. First, it increases the maximum housing provident fund loan amount. For eligible families with single or dual contributors, the maximum individual housing provident fund loan amount is increased from 800,000 yuan to 1 million yuan and from 1.3 million yuan to 1.5 million yuan, respectively. Second, it expands support for families with multiple children purchasing homes. For families with multiple children applying for a provident fund loan to purchase a second owner-occupied home, the loan amount can be increased by 20% on top of the available loan amount, but not exceeding the citys maximum provident fund loan limit. Third, it increases the upward adjustment ratio for loans to purchase green buildings. For employees who contribute to the housing provident fund and purchase commercial housing that meets the national standard for two-star green building or has been identified as a prefabricated building project, the loan amount can be increased by 20% on the basis of the available loan amount, but shall not exceed the maximum limit of housing provident fund loans in our city; for those who purchase commercial housing that meets the national standard for three-star green building, the loan amount can be increased by 30% on the basis of the available loan amount, but shall not exceed the maximum limit of housing provident fund loans in our city.CEO of chemical company Fertiglobe: Nitrogen fertilizer prices may rise further.Market news: The U.S. State Department announced the suspension of all consular services in Iraq and stated that some factions within the Iraqi government are providing cover for "Iranian-allian-linked Iraqi terrorist militias."April 20 - The Japan Meteorological Agency revised the magnitude of the earthquake that struck the northeastern coastal region of Japan to 7.7 and the depth to 20 kilometers.

E-mini Dow in Position to Challenge Low of Year at 32086

Skylar Shaw

May 10, 2022 10:46

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Early Monday, June E-mini Dow Jones Industrial Average futures were down due to fears about interest rates and global economic growth and recession. Sharp falls in Asia and Europe are also putting pressure on US futures markets, indicating a weaker cash market opening at 14:30 GMT.


"A string of rate rises and hawkish communication occurred amid falling Chinese and European activity, fresh plans for Russian energy curbs, and persistent supply-side pressures," Barclays analysts cautioned.


"This raises the bleak potential of sustained inflation, which would force central banks to raise rates despite drastically decreasing GDP."


June E-mini Dow Jones Industrial Average futures are trading 32392, down 417 points or 1.27 percent, at 08:41 GMT. The SPDR Dow Jones Industrial Average ETF (DIA) closed at $329.11 on Friday, down $1.13 or -0.34%.


Investors are responding to dismal economic data out of China, in addition to concerns over interest rate rises and recession fears. Wider COVID-19 lockdowns in China, according to a study issued early Monday, slowed export growth in the world's second largest economy in April.

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