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A senior Iranian source said that Irans "defense capabilities," including its missile program, are not within the scope of negotiations.On April 20, Foreign Ministry Spokesperson Guo Jia-kun held a regular press conference. On the afternoon of April 19, 36,000 people in Japan rallied around the Diet building to strongly protest the Takaichi Sanae governments attempt to amend the constitution. Protesters held signs reading "Oppose War," "Dont Violate Article 9 of the Constitution," and "Takaichi Resign," calling for the protection of the pacifist constitution. What is the spokespersons comment on this? Guo Jia-kun responded: "We have also noticed that Japans constitutional amendment movement has aroused increasing doubt and opposition within Japan, among its Asian neighbors, and in the international community." Guo Jia-kun pointed out that Japanese militarism committed atrocities against the people of China and other Asian countries, and also brought profound suffering to the Japanese people. Therefore, the issue of Japanese constitutional amendment concerns the post-war international order and Japans future, and has always received high attention from the international community and its Asian neighbors. However, Japan has so far failed to deeply and thoroughly reflect on its history of aggression, and some forces are even attempting to glorify and whitewash its crimes of aggression, pushing Japan to accelerate its "remilitarization," leading to the rise of a new type of militarism that threatens regional peace and stability. The international community should be highly vigilant about this. "Preventing the resurgence of militarism is Japans due obligation and the firm will of the international community, including China. We urge Japan to learn from history, abide by its international obligations, and adhere to the path of peaceful development," Guo Jiakun said.Iranian Foreign Ministry spokesman Bagaei: There are currently no plans for a second round of negotiations with the United States.On April 20th, the Federation of German Industries (FDI) stated on Monday that it expects German industrial performance to stagnate at best in 2026, warning that rising energy costs, supply chain risks, and domestic structural weaknesses are putting pressure on Europes largest economy. The organization lowered its outlook after a weak start to the year, citing new downside risks from the Iranian conflict, including rising energy costs, broader inflationary pressures, and disruptions to shipping and logistics. FDI President Peter Leibinger stated, "German industrial output has declined year after year since 2022. For 2026, we no longer expect a recovery, but rather stagnation." The organization noted that if shipping disruptions continue, German manufacturing could even contract for the fifth consecutive year. Leibinger added that industrial output remains well below previous levels, with capacity utilization only slightly above 78%. He further pointed out that Germanys weakness is primarily structural, citing high labor, tax, bureaucratic, and energy costs as factors that have eroded the countrys competitiveness.Iranian Foreign Minister Araqchi: Iran will do its utmost to safeguard its national interests and security.

Following the GDP Miss, the E-mini S&P 500 Has Given Up Some of Its Earlier Gains

Skylar Shaw

Apr 29, 2022 10:19

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Following a good earnings announcement from Meta Platforms, June E-mini S&P 500 Index futures are trading higher immediately after the cash market opens, as the benchmark index seeks to recoup from this month's sell-off.


The June E-mini S&P 500 Index is now trading at 4194.75, up 14.50 points or 0.35 percent, at 14:28 GMT. The SPDR S&P 500 Trust ETF (SPY) is now trading at $418.48, up $1.21 or 0.29 percent.


Following a beat on results, Meta's stock jumped roughly 16 percent, indicating that investors may be seeing indications of reprieve in the battered tech industry. Prior to the announcement, the stock was down 48% year to date.

Increased Wages Sentiment in the Market

In addition to Meta's gains, Qualcomm gained more than 8% on the basis of good results, while PayPal gained over 5% despite providing disappointing second-quarter outlook.


Following their quarterly releases, McDonald's, Merck, Eli Lilly, and Southwest were all up on Thursday.


Despite a positive earnings surprise, Caterpillar's stock dropped roughly 5%. After posting weaker-than-expected earnings, Teladoc's stock dropped by more than 44%.


Traders are unconcerned by the US GDP shortfall.


In economic news, the United States' Gross Domestic Product (GDP) unexpectedly fell by 1.4 percent in the first quarter from the previous year, contrary to the 1 percent rise projected by experts polled by Dow Jones. Some investors dismissed the economic downturn, citing the rise in prices and the trade imbalance as the primary causes.

Technical Analysis of the Daily Swing Chart

According to the daily swing chart, the major trend is down. The return of the decline will be signaled by a trade through 4136.75. The major trend will turn to up if the price breaks through 4509.00.


The minor trend is similarly in the negative direction. A trade through 4303.50 will shift momentum to the upside and turn the minor trend to up.

Swing Chart for the Day Technical Prognosis

Trader response to 4220.00 is expected to decide the direction of the June E-mini S&P 500 Index on Thursday.

Possibilities for Growth

The presence of buyers will be shown by a prolonged advance over 4220.25. Taking out the intraday high of 4258.75 would signal that the buying is becoming more powerful. Look for a burst through the resistance cluster around 4299.25 – 4303.50 if this generates enough upward momentum.

Scenario that is bearish

The presence of selling will be signaled by a persistent move below 4220.00. Look for the selling to continue towards 4136.75 if this move creates enough bearish momentum.


Taking out 4136.75 indicates that the selling pressure is increasing. This might lead to a break through the next key bottom at 4129.50, then the year's low at 4094.25.

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