• English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On August 25th, it was announced at a press conference held by the State Council Information Office that the 26th China International Fair for Investment and Trade will be held in Xiamen, Fujian Province, from September 8th to 11th. An official from the Ministry of Commerce stated that Chinas investment attraction situation is currently stable and improving, with foreign investors maintaining their enthusiasm for "investing in China." Ling Ji, spokesperson for the Ministry of Commerce, Vice Minister, and Deputy Representative for International Trade Negotiations, stated that Chinas investment attraction situation is currently stable and improving. By the end of 2025, Chinas stock of foreign investment is expected to reach approximately US$4 trillion. From January to July this year, 38,000 new foreign-invested enterprises were established, and the decline in actual utilized foreign investment narrowed by 6.2 percentage points compared to the same period last year, reaching RMB 438.33 billion. "Here you can also see structural changes. The slowdown or even decline in the growth rate of foreign investment attraction is mainly in traditional sectors, while foreign investment in high-tech industries is continuously increasing," Ling Ji said. In the first seven months of this year, foreign investment in high-tech industries increased by 32.7% year-on-year, accounting for more than 40% of the increase in foreign investment. Survey reports released by chambers of commerce in China from the United States, the European Union, and other countries show that most foreign-invested enterprises have achieved good profits in China, and their willingness to increase investment and expand their operations has generally increased.Japanese Prime Minister Sanae Takaichi: The US sanctions against International Criminal Court Judge Tomoko Akane are inconsistent with Japans position.Market news: Belarusian President Lukashenko announced plans to meet with Russian President Putin and Russian Prime Minister Mishustin.Japanese Prime Minister Sanae Takaichi: Plans to keep gasoline prices at around 170 yen per liter.On August 25th, Laopu Gold (06181.HK) announced that its sales performance for the first half of the year was approximately RMB 22.779 billion, representing a year-on-year increase of approximately 60.6%. The Groups operating revenue was approximately RMB 19.808 billion, representing a year-on-year increase of approximately 60.3%. During the reporting period, the Groups gross profit was approximately RMB 8.174 billion, representing a year-on-year increase of approximately 73.7%.

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.