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Mercedes-Benz sales chief: New V8 engine launched in the United States.Mercedes-Benz sales chief: Launching high-performance electric vehicles in the US and expanding local production.China Resources Land (01109.HK): For the month ended January 31, 2026, the Company and its subsidiaries achieved total contracted sales of approximately RMB11.65 billion and total contracted sales area of approximately 368,000 square meters, representing year-on-year growth of 0.4% and a decrease of 24.6%, respectively.On February 12th, *ST Chuanzhi announced that its audited financial data for 2024 triggered the provisions of Article 9.3.1 (i) of the Stock Listing Rules, which states that "the lower of the audited total profit, net profit, and net profit after deducting non-recurring gains and losses for the most recent fiscal year is negative, and the operating revenue after deduction is less than 300 million yuan." Therefore, the companys stock will be subject to delisting risk warning starting from the opening of the market on April 23, 2025. If any of the aforementioned circumstances occur after the companys 2025 annual report is disclosed, the companys stock will face the risk of being delisted.February 12th - UK fourth-quarter GDP growth was 0.1%, lower than the Bank of Englands forecast of 0.2%. Thomas Pugh, an economist at audit, tax, and advisory firm RSM UK, stated in a report that given the weaker-than-expected UK economic growth, the likelihood of a March interest rate cut by the Bank of England has increased. However, Pugh believes that economic growth should accelerate this year as the uncertainty surrounding the government budget in November dissipates and declining inflation begins to translate into stronger consumer spending. He pointed out that the biggest risk at present is a protracted Labour leadership contest, which could open up room for tax increases and inject new uncertainty into consumers and businesses, thus offsetting a large part of the improvement in economic fundamentals.

S&P 500 Pulls Back As Amazon And Alphabet Test New Lows

Alice Wang

Nov 02, 2022 16:35

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As traders get ready for a key Fed decision, stocks decline.


Today's JOLTs Job Openings data topped forecasts, which kept the S&P 500 under pressure. As prospects for a less aggressive Fed evaporate, strong employment market data is negative for markets.


Additionally, it seems that traders sought to lock in some gains before tomorrow's publication of the Fed Interest Rate Decision.


The S&P 500 was under a lot of stress today due to the share sales at Amazon and Alphabet, while the Nasdaq Composite was pushed close to the 10900 mark. Although Meta was able to recover from multi-year lows, it is still unclear whether the company will be able to sustainably increase its price momentum in the next trading sessions.


Stocks of basic materials and energy surged up at the same time as the commodities markets generally recovered. Freeport-McMoran, the world's largest copper producer, increased by nearly 4%, while Baker Hughes, a provider of oil services, increased by more than 3%.


Investors are expected to pay close attention to AMD earnings in the post-market session. The company's $5.57 billion in sales and $0.67 per share in profits fell short of analyst expectations in all categories. AMD anticipates reporting sales in the range of $5.2 billion and $5.8 billion for the fourth quarter. Despite the sales projection for the next quarter implying no increase, the stock was able to pick up positive momentum and climb beyond the $61 barrier.


After the business presented its quarterly report, which showed that net bookings for the previous twelve months were $7.4 billion, up 4% on an annual basis, the shares of Electronic Arts fell by 2% in the post-market session. Due to the strong U.S. dollar, the business said that it anticipated a negative FX effect of around $200 million.

Strong Resistance Awaited S&P 500 Near 3915

The S&P 500 retreated into the 3860 level after failing to hold above the support at 3915. In recent trading sessions, the resistance at 3915 was put to the test many times, demonstrating its durability. If the S&P 500 is able to hold above this point, it will pick up speed and proceed upward into the next resistance level at 3960. A rise over this point will allow for the testing of the 4000 level resistance.


To continue its drop, the S&P 500 has to close below the support around the 50 EMA at 3835 on the support side. 3805 is where the next support level is situated. S&P 500 will move in the direction of the next support at 3760 if it drops below this level.

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