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British Prime Minister Starmer: China will develop new types of nuclear warheads.British Prime Minister Keir Starmer: We will invest £64 billion to modernize our nuclear deterrent. This includes the purchase of 12 F-35A fighter jets.British Prime Minister Keir Starmer: Under the Global Operational Air Plan (GCAP), we will reaffirm our commitment to the Tempest fighter jet project with an investment of £8.6 billion.On June 30th, in a meeting room at the EU headquarters in Brussels, France, Italy, Spain, and others were discussing a new trade tool, euphemistically called the "overcapacity tool," intended to restrict imports from China at any time. Meanwhile, Chinese air conditioners are in high demand and short supply in many European countries, with orders continuing to rise. Related companies confirmed to Tan Zhu that a large portion of a recently popular air conditioner model is produced in China, and orders are surging, with factories working overtime to meet demand. Insiders confirmed to Tan Zhu that the most urgent task in Sino-EU trade relations is to achieve stability. Recently, Sino-EU trade frictions have increased significantly, and the EU has imposed trade restrictions on China more frequently. Properly handling frictions and differences through dialogue and consultation is an important consensus reached by leaders of China and the EU. Both sides should use consultations under the trade and investment consultation mechanism to balance and properly resolve each others concerns and avoid escalation of frictions.The Stoxx Europe 600 index hit a record high, rising nearly 1% on the day.

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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