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On May 30, the Ukrainian Presidential Press Service announced that Volodymyr Zelenskyy signed two presidential decrees formally implementing measures by the National Security and Defense Council of Ukraine in conjunction with EU sanctions. This round of sanctions covers a total of 120 individuals and related organizations. It is understood that these sanctions are based on the EUs 20th round of sanctions and focus on key sectors of the Russian economy. Russia has not yet responded.On May 30th, Cui Dongshu, Secretary-General of the China Passenger Car Association (CPCA), stated that global auto sales reached 96.89 million units in 2025, a year-on-year increase of 6%. Global auto sales in April 2026 reached 7.99 million units, a year-on-year increase of 4%. From January to April 2026, global auto sales reached 30.96 million units, a year-on-year increase of 1%. With the relatively negative growth in the US and Chinese auto markets at the beginning of the year, global auto sales growth in the first four months of 2026 is expected to be weak. China accounted for 35.4% of the global auto market in 2025; at the beginning of 2026, Chinas share was 30.9%, a relatively low start due to the Spring Festival effect. As the effects of policy stimulus gradually recover and become apparent, the Chinese auto market is expected to gradually strengthen starting in the second half of the year.Mohsen Rezaei, military advisor to Irans Supreme Leader: The US presidents continued naval blockade and excessive demands mark the third time he has betrayed diplomacy.May 30th - Question: On May 29th, the European Commission held a plenary meeting to discuss relations with China. What is the Ministry of Commerces view on this? Answer: China has noted the EUs discussions on relations with China. China and the EU are important economic and trade partners on an equal footing and based on mutual benefit. We hope the EU will abide by WTO rules, uphold free trade and fair competition, and firmly oppose protectionism and unilateralism. Communication channels between China and the EU are open, and both sides are exploring the establishment of a trade and investment consultation mechanism and will conduct relevant dialogues. We hope the EU will work with China to jointly implement the consensus reached by the leaders of both sides, properly handle differences and frictions through dialogue and consultation, and promote the stable and healthy development of China-EU economic and trade relations. If the EU insists on unilaterally introducing new trade instruments and adopting discriminatory restrictions, China will resolutely retaliate and take effective measures to safeguard its own interests.The commander of the Ukrainian drone force stated that a Ukrainian drone attacked an oil refinery in Taganrog, Russia.

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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