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Italian Finance Minister: If the war with Iran continues, it is inevitable that the EU will consider relaxing deficit rules.On April 3, the Cyberspace Administration of China issued a notice soliciting public opinions on the "Administrative Measures for Digital Virtual Human Information Services (Draft for Comment)". The notice stipulates that from the commencement of digital virtual human services, service providers, users, and providers of online information content dissemination services must continuously display prominent signage containing the words "digital human" in the digital virtual human display area throughout the entire process, and comply with relevant national regulations on the labeling of artificial intelligence-generated and synthesized content.Gazprom: Maintenance work on the Power of Siberia pipeline has been completed.On April 3, at the Ministry of Foreign Affairs regular press conference, a foreign journalist asked about the peace talks between Afghanistan and Pakistan held in China and whether China would provide guarantees to prevent a renewed conflict between the two countries. Spokesperson Mao Ning stated that China has been actively mediating and promoting the talks through its own means, maintaining close communication with both sides through multiple channels and at multiple levels to create conditions and provide a platform for dialogue. Both Pakistan and Afghanistan value and welcome Chinas mediation and are willing to sit down and discuss the talks again, which is a good thing. The talks are progressing smoothly. The three parties have also reached a consensus and agreement on the specific operational methods, including news reporting. The Ministry of Foreign Affairs will release further information in due course.April 3rd - On March 30th, 2026, the Ministry of Industry and Information Technology (MIIT) approved the establishment of the Shenzhen National-Level Internet Backbone Direct Connection Point. National-level Internet backbone direct connection points are core nodes for achieving interconnection and interoperability of the Internet backbone network, serving as crucial communication hubs for aggregating and channeling inter-network traffic. To date, the MIIT has approved the establishment of 30 direct connection points, further optimizing my countrys interconnection infrastructure layout, improving the overall communication performance and efficiency of the Internet, and driving the digital transformation and upgrading of local traditional industries. Next, the MIIT will guide the Guangdong Provincial Communications Administration and basic telecommunications enterprises in the construction and operation and maintenance of the Shenzhen direct connection point, ensuring its successful completion and effective operation, contributing to the high-quality development of the regional digital economy, and providing strong support for the construction of a cyber power and a digital China.

NASDAQ Composite Treading Water Ahead of US Congressional Elections, CPI Data

Steven Zhao

Nov 08, 2022 17:10

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With many of the major players staying away ahead of Tuesday's U.S. congressional elections and Thursday's significant consumer inflation report, the major U.S. stock indices are trading mixed near the midpoint of the session on Monday.


The blue-chip Dow Jones Industrial Average is currently trading at 3262.61, up 159.39 or +0.49%, at 17:00 GMT. The tech-heavy NASDAQ Composite is trading at 10441.84, down 33.41 or -0.32%, while the benchmark S&P 500 Index is at 3771.75, up 1.20 or +0.03%.


If the GOP wins, a split government will result.


Republican presidential candidate Joe Biden's strategy, which may include potential broad tax increases and a windfall tax on energy companies, may be hampered by a split government, analysts say, with the GOP capturing the House of Representatives and possibly the Senate.


According to Wells Fargo economists, "in this election outcome scenario, we doubt we would make any significant revisions to our projections for GDP growth, inflation, or the federal funds rate as a result of the election."


Instead, investors see a status quo and political deadlock that prevent significant policy changes as a positive outcome for stocks.

CPI Data Available

Traders are preparing for a potential surprise in Thursday's consumer price index (CPI) report following Friday's unexpected increase in the jobless rate in the United States.


On a historical basis, economists anticipate that inflation will once more register at extraordinarily high levels.


According to FactSet, the consensus CPI report projection predicts an increase in inflation of 0.7% for October. It is anticipated that the so-called core rate of inflation, which doesn't include volatile food and energy prices, will increase by 0.5%. That would come after a reading of 0.4% for the CPI as a whole and 0.6% for the core CPI in September.


According to Factset, the consensus CPI projection calls for an annualized increase in the CPI of 8.0% and an increase in core inflation of 6.5%. From the September data, when the annual inflation rate was 8.2% overall and 6.6% for core, that would only indicate a small set of gains.

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