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On September 22nd, at the 2026 Yunqi Conference, Qianwen announced it will accelerate the development of its Personal Agent. Zheng Sishou, Qianwens product manager, stated that since its launch last year, enabling everyone to have their own AI assistant has always been Qianwens unwavering goal. Leveraging the powerful Agentic capabilities of the Qwen 3.8 series models, Qianwen is building a new form of Personal Agent to provide continuous, personalized intelligent services to 300 million users. Currently, Personal Agent has integrated personal health and financial data, and its open platform covers more than 20 fields.According to Hong Kong Stock Exchange filings, HSBC Holdings (00005.HK) spent HK$93.2 million to repurchase 580,000 shares on September 21.On September 22, the Italian National Institute of Statistics confirmed that the countrys deficit rate last year was 3.1%, a setback for Prime Minister Melonis government, which had previously hoped for an upward revision. While still low compared to similar countries like France, this deficit rate exceeds the EUs 3% cap, delaying Italys exit from the EUs Excessive Deficit Procedure (EDP). This procedure is an EU monitoring mechanism, essentially a "blacklist" of countries with high deficits. This result is another blow to Meloni, whose government is already struggling with the Middle East situation and faces next years national elections. She and the finance minister have been working to keep the deficit low. The goal remains to escape EU scrutiny next year, but for now, Meloni will face further obstacles while still attempting to increase defense and energy spending.On September 22, according to Qianwen Big Model, Qianwen released Qwen Intelligence, an AI mobile phone full-stack solution, which aims to co-create with mobile phone manufacturers to enable mobile phones to complete various complex tasks.September 22nd - According to CNN, US President Trumps Gulf allies will meet with him in New York on Tuesday as he weighs whether to "destroy" the Iranian regime. They had previously successfully dissuaded Trump from major escalation efforts, and this time, they fear further entanglement in the war, just as Washington is searching for a way out. Trump stated last Thursday that he faces a "major decision" regarding the war and wants to hear directly from Gulf leaders. The dilemma facing the Gulf leaders is how to provide Trump with a viable path forward, protecting themselves from further attacks, while simultaneously avoiding further involvement in the war.

Price Action Suggests Momentum Shifting to Down

Steven Zhao

Jul 25, 2022 15:57



After the session's midpoint on Friday, September E-mini S&P 500 Index futures started to move down as the benchmark index was hampered by a poor performance in the technology sector. Poor results by Twitter and Snap were the main drivers of the sell-off, which sparked a wave of selling in social media companies.


September E-mini S&P 500 Index futures are now trading at 3949.00, down 52.25 or 1.31 percent, as of 17:53 GMT. The S&P 500 Trust ETF (SPY) is down $5.49 or 1.38 percent, trading at $393.30.


Early in the morning, the market suffered from Twitter and Snap's dismal quarterly sales. By mid-session, Twitter was down 1.2 percent, and Snap's shares had fallen about 40%.


Meta Platform Inc. and Alphabet Inc., two industry leaders in online advertising, saw their shares fall by 7.5% and 5.6%, respectively, hurting the NASDAQ.


According to Reuters, a poll released on Friday revealed that U.S. business activity fell in July for the first time in almost two years, adding to worries about an economy that is being stymied by high inflation, increasing interest rates, and declining consumer confidence.

Swing Chart Technical Analysis for the Day

The daily swing chart indicates that the overall trend is upward. The intraday price movement, however, indicates momentum could be swinging downward.


A move through 4016.25 will indicate that the uptrend has resumed. The primary trend will switch to down if a transaction is made through 3723.75.


The middle range is 4204.75 to 3639.00. The index is now challenging the 3821.75 to 3988.75 retracement range.


The minor range is 3723.75 to 4016.25. A possible objective on the downside is its 50 percent mark at 3870.00.


3639.00 to 4016.25 is the short-term range. The last possible support before the big bottom at 3639.00 is located in its retracement range, which runs from 3815 to 3773.50.

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