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Futures July 24 news, 1. Indochina Peninsula Philippines will have strong winds and rains in the next three days. Affected by Typhoon "Wipha", the northern and western parts of Indochina Peninsula, Bangladesh, central and northern India and other places will successively experience heavy to torrential rains, and some areas will experience heavy rains, accompanied by short-term heavy precipitation, thunderstorms and strong convective weather such as strong winds. The cumulative precipitation in most of the above-mentioned areas is 70~100 mm, and in some areas it is 120~200 mm, and it can reach more than 250 mm in some places. There will be 6~7 strong winds in central and northern Vietnam and eastern Laos, with gusts of 9~10. In addition, affected by tropical disturbances, there will be heavy to torrential rains in northern Philippines, and local heavy rains. 2. High temperatures in Central Asia, West Asia, North Africa and other places will continue for the next three days. Affected by the continued influence of subtropical high pressure, parts of southern Central Asia, southern Afghanistan, southern Iran Plateau, most of the Arabian Peninsula, North Africa, southern Pakistan and other places will experience high temperatures above 40℃, reaching 40~42℃ in some areas, and the local maximum daily temperature will exceed 45℃. In addition, the maximum daily temperature in some areas of the southern United States, northern Mexico, southern Spain, central and eastern southern Europe, etc. can reach 35~37℃, and exceed 40℃ in some local areas.On July 24, SenseTime (00020.HK) announced that on July 23, 2025, the company entered into a subscription agreement with the subscriber, according to which the subscriber has conditionally agreed to subscribe, and the company has conditionally agreed to allot and issue a total of approximately 1.666 billion subscription shares, with a subscription price of HK$1.50 per share, and a total cost of approximately HK$2.5 billion. The subscription price is about 6.25% lower than the latest closing price.On July 24, WuXi Biologics (02269.HK) announced on the Hong Kong Stock Exchange that it expects the companys revenue to increase by approximately 16% in the first half of the year; the gross profit margin will increase by approximately 3.6% year-on-year; the companys profit and profit attributable to the companys equity shareholders for the six months ended June 30, 2025 will increase by approximately 54% and approximately 56% respectively compared with the same period last year.U.S. Treasury Secretary Benson: The new nominee for Federal Reserve Chairman may be announced in December or January next year.July 24, Tesla (TSLA.O) may not be able to keep up with the pace of car deliveries due to the budget bill recently passed by the Trump administration. Tesla (TSLA.O) said in a conference call on Wednesday that its car supply will be squeezed due to the sudden cancellation of certain electric vehicle credit policies (expiring on September 30). The companys CFO Vaibhav Taneja said: "If you are in the United States and plan to buy a car this year, place an order now, because we may not be able to guarantee the delivery of orders in late August and later." Taneja said that Tesla has also delayed the development of an affordable model in order to focus on manufacturing and delivering as many cars as possible before the credit expires.

S&P 500 Price Forecast – Stock Markets Continue to See Selling Pressure

Skylar Shaw

Sep 30, 2022 15:09

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Technical Analysis of the S&P 500

Due to the continued strong downward pressure on stock markets, the S&P 500 E-mini contract has been quite bearish throughout Thursday's trading session. In the end, a lot of things are happening all around the globe, and the US dollar is strengthening. The S&P 500 won't do well in that climate, and neither will any other stock index, for that matter. I like fading rallies, and I also enjoy the notion of shorting those who do experience that break down below the 3600 mark.


The S&P 500 will likely have dropped below the 3500 level by then, which is a big, round, psychologically meaningful number. In the end, this is a market that, given enough time, should see a lot of volatility and, therefore, a lot of causes for people to feel uneasy. Nevertheless, bear market rallies have a reputation for being rather nasty, so an occasional snap to the upside is possible.


Given the market's continued exposure to a lot of outside unfavorable impact, they will almost certainly remain selling opportunities. Interest rates, global slowdowns, and a slew of other geopolitical concerns are all producing problems at the moment. In the end, I believe that in this situation, with enough time, we should see significant downward pressure. In light of this, maintain a manageable position size and refrain from going all in on each transaction you make. In a market like this, sound money management is essential.