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January 1st - According to Shenzhen Metro Group, data shows that by December 31, 2025, the total passenger volume of Shenzhens 18 urban rail transit lines will reach 13.05 million, exceeding 13 million for the first time. This represents a significant increase of 1.165 million passengers compared to the previous record set on the same day in 2024, a year-on-year increase of 9.8%.The White House: President Trump has adjusted import policies for timber, lumber, and their derivatives entering the United States.On January 1st, TSMC (TSM.N), the worlds leading semiconductor foundry, announced that it has received an annual license from the U.S. government to export chip manufacturing equipment to its Nanjing plant in mainland China in 2026. In a statement to Reuters on January 1st, TSMC said the approval "ensures uninterrupted wafer operations and product delivery." Prior to TSMC, South Koreas Samsung Electronics and SK Hynix also received annual licenses from the U.S. government to export chip manufacturing equipment to China this year.January 1st - According to Huangpu Customs, the first China-Europe freight train of the Guangdong-Hong Kong-Macao Greater Bay Area in 2026 departed from the Guangzhou Eastern Railway-Highway Intermodal Transport Hub on the morning of January 1st. The train carries 110 standard containers with a value of approximately 20 million yuan, exiting through the Khorgos Port and is expected to arrive in Malaszewicze, Poland, in 14 days.January 1, 2026 – Yipai Technology announced its 2025 sales performance. Since its inception, the company has consistently maintained year-on-year growth in monthly sales; total sales for the year reached 275,752 vehicles, a year-on-year increase of 28.3%, making it a key force driving Dongfeng Motors annual new energy vehicle sales to exceed 1 million units. In 2026, Yipai Technology plans to launch six new models while rapidly iterating on existing models, focusing on improving perceived quality such as styling and interior design, enhancing intelligent experience and range performance, and continuously strengthening product competitiveness.

S&P 500 Facing More Selling Pressure from Fed Tightening

Skylar Shaw

Jun 20, 2022 14:34

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After a dramatic loss the previous day, September E-mini S&P 500 Index futures closed higher on Friday in a tumultuous session, with the benchmark index swinging back and forth over the break-even line.


The "quadruple witching," which refers to the simultaneous expiry of stock index futures, single-stock futures, stock options, and stock index options, increased market volatility.


The September E-mini S&P 500 Index closed at 3675.75 on Friday, up 4.50 points or 0.12%. The SPDR S&P 500 Trust ETF (SPY) finished the day at $365.84, up $0.77 or 0.21 percent.


Leading Indicators and Industrial Production Weaken


In economic news from the United States, the Federal Reserve issued a report indicating that industrial output rose less than predicted in May. The Conference Board's rating on main U.S. economic indicators continued to fall last month, according to a separate analysis.

More Negative Effects Are More Likely

Despite the fact that economic data was poorer than expected, there was nothing in the reports to indicate a recession was on the horizon or to prevent the Federal Reserve from continuing to tighten policy.


On Friday, Fed Chair Jerome Powell said that the central bank is committed to bringing inflation to its target of 2%. This effectively indicates that higher interest rates are on the way.

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