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Hong Kong-listed auto stocks showed mixed performance, with XPeng Group (09868.HK) falling over 8%, NIO-SW (09866.HK) falling over 5%, and Leapmotor (09863.HK) falling 3.79%; BAIC Motor (01958.HK) rose over 5%, and Geely Automobile (00175.HK) rose over 2%.The main Shanghai silver futures contract fell by 2.00% during the day, currently trading at 16,545.00 yuan/kg.On August 25th, it was learned from the National Bureau of Data Science and Technology that a new batch of 50 demonstration scenarios for public data "getting running" has been released, promoting the release of value from public data in various application scenarios. Chen Ronghui, Deputy Director of the National Bureau of Data Science and Technology, stated that key areas such as transportation, social management, healthcare, and emergency management account for a relatively high proportion, reaching 32%. Furthermore, judging from this batch of applications, the eastern and central regions are focusing on cutting-edge fields such as the development of the private economy, low-altitude economy, and marine economy, conducting pilot projects for the circulation and utilization of public data; while the western region is leveraging its resource advantages in characteristic agriculture, border trade, and mineral exploration to explore differentiated paths for the development and utilization of public data resources.Japanese Finance Minister Satsuki Katayama: We strive to achieve the dual goals of economic growth and sustainable finance.Royal Bank of Canada raised its price target for Baker Hughes Oilfield Services (BKR.O) from $71 to $76.

S&P 500 Price Forecast – Stock Markets Continue to Struggle

Alice Wang

Jul 15, 2022 15:54

Technical Analysis of the S&P 500

Due to the ongoing pessimism, the S&P 500 has decreased somewhat during Thursday's trading session. At this time, it seems as if the market is prepared to go further, maybe attempting to approach the most recent lows at the 3637 level. In the end, this market should continue to see a lot of agitated behavior. I believe that fading rallies will remain a significant problem. The 50 Day EMA is now hanging in the general vicinity of the 3950 level, which serves as the ceiling at this time.


Ultimately, your indication to become engaged will be when you start to feel exhausted after brief rallies. Given the lack of global growth and the fact that inflation is still a problem, I do believe the downward trend will continue. Additionally, the Federal Reserve is rapidly tightening monetary policy, and as a result, a 100 basis point interest rate rise is being predicted. Due to the fact that the S&P 500 contains so many significant exporters, it is extremely probable that we will continue to see significant problems with the global economy.


In the end, a running season is approaching, so there could be some "hopium" waiting to happen, but after hearing J.P. Morgan declare, "We have never seen an economic scenario like this," during its results presentation, I don't think this earnings season will be cause for celebration. After a rally, I will suppress any indications of tiredness.

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