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A-share precious metals continued to rise, with Xiaocheng Technology, Shandong Gold, and Zhaojin Gold rising by more than 4%, Western Gold and Hunan Gold rising by more than 3%, and Shandong Gold International and Hunan Silver following suit.The Japanese Defense Minister and the U.S. Defense Secretary will hold a summit in Washington, D.C. on January 15.On January 9th, Nomura issued a report stating that XPeng Motors (XPEV.N) held its first new product launch event of the year on January 8th, unveiling four new models and facelifted versions, along with a limited-time promotional campaign. At the event, the group reiterated its business strategy of focusing on the physical AI field by 2026, highlighting the launch of four models: the all-new P7+ (covering both extended-range electric vehicle and pure electric vehicle versions), the all-new G7 (primarily an extended-range electric vehicle version), and the 2026 pure electric G6/G9 models. Nomura maintains its target price of $30 for the groups US-listed shares and its "Buy" rating.On January 9th, Zhu Jiangming, founder of Leapmotor, gave a recent interview. When discussing his views on the price war in the new energy vehicle market, he stated, "Automakers absolutely cannot sell cars at a loss; there must be a gross profit. This is something we have always insisted on. We must adhere to market mechanisms, cultivate advantages through free competition, and make our products better, of higher quality, and at lower costs, so that both the industry and consumers can benefit." Regarding his views on the "traffic effect" of company executives, Zhu Jiangming said, "For a company, the most important thing is to make good products. Only when the products are good will subsequent promotion be beneficial. First and foremost, we must focus on technology and products."China Unicom (00762.HK) shares surged more than 4% in the short term, with trading volume exceeding 2.4 million lots.

Increases in Dow Futures and Inflation Concerns

Charlie Brooks

Jul 15, 2022 10:28

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Futures for U.S. equities were trading higher on Thursday evening, as key benchmark averages ended the regular session in a mixed way amid stronger-than-expected producer price data and disappointing profit reports from major banking institutions.


Dow Jones Futures increased 0.2 percent by 7:00 p.m. ET (11:00 p.m. GMT), while S&P 500 Futures and Nasdaq 100 Futures both rose 0.3 percent.


In extended trading, Pinterest Inc (NYSE:PINS) shares surged 15.8 percent following a Wall Street Journal article revealed Elliott Management's 9 percent stake.


Prior to the end of the day, investors will focus on June's retail sales, import and export prices, the June industrial production report, and preliminary July consumer sentiment data. Wells Fargo & Company (NYSE:WFC) and Citigroup Inc (NYSE:C) are expected to deliver their quarterly earnings results in the interim.


During Thursday's usual trading day, the Dow Jones Industrial Average fell 142.6 points, or 0.5 percent, to 30,630.2, the S&P 500 fell 11.4 points, or 0.3 percent, to 3,790.4, and the NASDAQ Composite increased just 3.6 points to 11,112.1.


Morgan Stanley (NYSE:MS) declined 0.4% after reporting Q2 EPS of $1.44 vs $1.57 forecasted and sales of $13.13 billion versus $13.39 forecasted.


JPMorgan Chase & Co (NYSE:JPM) fell 3.5 percent after announcing Q2 earnings per share of $2.76 compared to $2.94 forecasted and revenue of $30.72 billion compared to $31.84 forecasted.


In terms of data, producer prices increased by 11,3 percent year-over-year in June as energy prices jumped, adding to concerns of rapid rate hikes after the CPI result surpassed expectations in the previous session.


On the bond markets, the 10-Year United States interest rate was 2.958%.


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