• English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On January 16th, Shichuang Energy announced that it expects to achieve a net profit attributable to owners of the parent company of -358 million yuan to -298 million yuan in 2025, a reduction in losses of 291 million yuan to 351 million yuan compared to the same period last year, representing a year-on-year reduction in losses of 44.83% to 54.08%. It also expects to achieve a net profit attributable to owners of the parent company of -388 million yuan to -328 million yuan in 2025, a reduction in losses of 274 million yuan to 334 million yuan compared to the same period last year, representing a year-on-year reduction in losses of 41.40% to 50.46%. While new photovoltaic installations are expected to continue to grow in 2025, the imbalance between supply and demand in the industry remains prominent. During this period of deep industry adjustment, the company has consistently adhered to interdisciplinary integrated R&D and driven development through independent innovation. During the reporting period, sales of photovoltaic cells and equipment increased, leading to increased sales revenue. In addition, based on the principle of prudence, an asset impairment provision was made for the equipment related to 2GWPERC silicon wafers and cells in the same period last year, which had a certain adverse impact on the net profit in the same period last year.On January 16, Rongsheng Development issued a performance forecast, expecting the companys net profit attributable to shareholders of the listed company to be negative in 2025. The companys operating performance in 2025 will show a loss, but the amount of loss is not expected to exceed the unaudited net assets at the end of the previous year. The companys net assets at the end of 2025 are expected to be positive.On January 16, the China Securities Regulatory Commission (CSRC) held its 2026 system-wide work conference. The conference emphasized upholding the principle of strengthening the capital markets domestic market presence and promoting deeper and higher levels of two-way opening up. It stressed expediting the implementation of optimized schemes for qualified foreign investors, expanding the scope of openness for specific futures products, and improving the convenience of cross-border investment and financing. The conference also called for improving regulations and systems for overseas listings, enhancing the standardization and transparency of filing management, strengthening regulatory and risk prevention capabilities in an open environment, and actively participating in international financial governance.On January 16, the China Securities Regulatory Commission (CSRC) held its 2026 system-wide work conference. The conference emphasized the need to continuously improve the standardized operation of listed companies, accelerate the promulgation of regulations governing listed companies, fully implement the newly revised corporate governance guidelines, strengthen constraints on the behavior of controlling shareholders and actual controllers, and improve institutional arrangements such as dividend repurchases, equity incentives, and employee stock ownership. It also stressed the importance of stimulating the vitality of the mergers and acquisitions market, improving the supervision of the entire restructuring chain, and taking multiple measures to promote the high-quality development of listed companies.Japanese Finance Minister Satsuki Katayama: We have not yet received any inquiries from the Bank of Japan regarding the joint statement from other central banks supporting Powell.

E-mini S&P 500 Trying to Build on Monday’s Reversal Bottom

Cory Russell

May 05, 2022 10:40


微信截图_20220505102510.png


After a bumpy day in which the benchmark index swung between gains and losses as the Federal Reserve began a major meeting, June E-mini S&P 500 Index futures finished higher on Tuesday.


Investors were purchasing shares of financial and technology businesses ahead of the Fed's anticipated decision on Wednesday, according to the price action.


June E-mini S&P 500 Index futures closed at 4169.25 on Tuesday, up 18.25 points or 0.44 percent. The SPDR S&P 500 Trust ETF (SPY) closed at $416.39, up $1.91 or 0.46%.


Energy and financials both rose 2.9 percent and 1.3 percent, respectively, among the 11 major S&P 500 sectors. The S&P 500 banks index increased by 2%, with Citigroup Inc up 2.9 percent.


The Federal Reserve is the focus of attention.


When the Federal Reserve finishes its two-day meeting on Wednesday, it is expected to raise interest rates by 50 basis points and reveal plans to shrink its $9 trillion balance sheet.


The focus, however, will be on Fed Chair Jerome Powell's press conference, which will include remarks on the future course of interest rates and the decrease of the Fed's balance sheet.

Swing Chart for the Day Analysis of the Technical

According to the daily swing chart, the major trend is down. Since the confirmation of Monday's closing price reversal bottom, however, momentum has been heading upward.


The chart pattern will be negated by a trade through 4056.00, signaling a return of the decline. The major trend will turn to up if the price breaks through 4509.00.


The minor trend is similarly in the negative direction. The minor trend will be changed to up if a transaction is made through 4303.50. This will validate the momentum change.


4303.50 through 4056.00 is the first minor range. The pivot point is 4179.75.


4509.00 to 4056.00 is the second minor range. The pivot point is 4282.50.


4631.00 to 4056.00 is the short-term range. The pivot at 4343.50 will become the next objective if the minor trend swings to up.

Short-Term Prospects

Trader reaction to 4179.75 is likely to determine the direction of the June E-mini S&P 500 Index early Wednesday.

Possibilities for Growth

The presence of buyers will be shown by a prolonged advance over 4179.75. Look for a potential push through the resistance cluster around 4282.50 - 4303.50 if this move generates enough upward momentum.

Scenario that is bearish

The presence of selling will be signaled by a prolonged move below 4179.75. A slight pivot at 4197.75 is the initial downward objective. Look for a retest of the reversal bottom at 4056.00 if this fails.