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Hong Kong-listed auto stocks continued to rise in the afternoon, with Li Auto (02015.HK) and BYD (01211.HK) up more than 4%, NIO (09866.HK) up nearly 4%, and XPeng (09868.HK) and Great Wall Motor (02333.HK) up more than 2%.On January 28th, Hengrui Medicine announced that its subsidiary, Shandong Shengdi Pharmaceutical Co., Ltd., received a "Drug Clinical Trial Approval Notice" from the National Medical Products Administration, authorizing the company to conduct a Phase III clinical trial of its independently developed Class 1 innovative oral small molecule GLP-1 receptor agonist, HRS-7535 tablets, for the indication of hypertension complicated by overweight or obesity. HRS-7535 tablets are a novel oral small molecule GLP-1R agonist; currently, there are no other oral small molecule GLP-1R agonists on the market globally.ASMLs stock price rose 7.3% on the TRADEGATE platform compared to yesterdays closing price.On January 28th, according to futures market news: 1. WTI crude oil futures trading volume was 1,070,018 lots, an increase of 331,219 lots from the previous trading day. Open interest was 2,036,077 lots, an increase of 32,401 lots from the previous trading day. 2. Brent crude oil futures trading volume was 208,054 lots, an increase of 55,495 lots from the previous trading day. Open interest was 267,545 lots, an increase of 10,832 lots from the previous trading day. 3. Natural gas futures trading volume was 923,107 lots, a decrease of 177,024 lots from the previous trading day. Open interest was 1,626,209 lots, a decrease of 7,743 lots from the previous trading day.1. Nomura: Powell is not expected to give a clear signal on future rate cuts, and may reiterate that current policy is "in good shape," adding that current interest rates are "within a neutral and reasonable range." 2. Morgan Stanley: Powell is expected to rely on recent strong economic data, stable hiring, and declining unemployment to justify a pause in rate cuts. 3. Bank of America: Powell is expected to use cautious language, and investors will closely watch his assessment of the December unemployment rate decline and his view on whether strong economic growth is consistent with higher neutral interest rates. 4. Rabobank: Powell may be asked about forward guidance such as the timing and conditions of the next rate cut. He will likely use the default phrase of "meeting-by-meeting" and "data-dependent," but may further elaborate on the criteria for rate cuts. Powell may also be asked about his court subpoena, and he may be more hawkish than in previous press conferences. 5. Allianz: Market focus will be on the strength of Powells response to recent government challenges to the Feds independence, which may have a greater market impact than the interest rate decision itself. 6. First US Financial: Powell is likely to emphasize that last years cumulative rate cuts have given the Fed more room for maneuver, while closely monitoring the latest data and broader funding conditions. Further rate cuts are still possible later this year if inflation continues to moderate or economic growth slows more than expected.

In the United States, solar costs increased by more than 8 percent in the second quarter

Charlie Brooks

Jul 15, 2022 10:35

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According to a research published late on Wednesday, solar energy prices in the United States climbed by 8.1% in the second quarter as a result of an investigation by the Commerce Department into tariffs on Southeast Asian products and growing input costs.


According to a quarterly index that analyzes renewable energy transactions and is collected by LevelTen Energy, the increase amounted to a remarkable 29.7 percent increase in the overall price of wind and solar contracts, also known as power purchase agreements (PPAs), compared to the previous year.


Compared to the previous year, the cost of solar PPAs has climbed by 25.7%.


Since the Russian invasion of Ukraine, economic, logistical, and labor market problems caused by the coronavirus outbreak have intensified, undoing a decade of renewable energy industry cost reductions.


Wind contract expenditures grew by 2.5% during the quarter and have grown by 33.7% annually. Third-quarter wind energy costs in the Southwest Power Pool (NASDAQ:POOL) jumped by 16 percent due to a lack of transmission capacity. Some of the nation's most windy regions, including parts of Nebraska, Oklahoma, and Texas, are served by the grid operator.


LevelTen claimed that it was too soon to evaluate whether or not the decision by U.S. President Joe Biden in early June to waive tariffs on solar panels from the four Asian countries included in the probe for two years will alleviate some of the cost pressure.


In a survey of fifty developers conducted by the firm, around one-third responded that they wanted additional assurances that tariffs would not be applied retroactively if the Commerce Department were to implement them after the two-year wait.


LevelTen reports that the rising cost of wind and solar contracts for corporate and utility buyers has mirrored the rising cost of natural gas-related wholesale energy prices.


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