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February 7th - US President Trump stated on the 6th that the US, Russia, and Ukraine held "very good" talks that day regarding resolving the Russia-Ukraine conflict. Answering reporters questions aboard Air Force One, Trump said, "We had very, very good talks with Russia and Ukraine today. Something might happen." However, he did not elaborate further. It is understood that the issue of Ukrainian territory and security guarantees remains the sticking point in the negotiations. The US and Ukraine recently discussed the possibility of reaching a Russia-Ukraine peace agreement in March, but this is proving very difficult, and the timetable may be delayed.February 7 - According to a report released by Indonesias Meteorology, Climatology and Geophysics Agency, a 5.9-magnitude earthquake struck approximately 118 kilometers northwest of the Tanimbar Islands in Maluku Province, Indonesia, at around 4:20 a.m. local time on February 7. The earthquake had a depth of 100 kilometers. There is no tsunami risk. No casualties have been reported.February 7th - In response to a new round of oil embargoes from the United States, the Cuban government announced it will take emergency measures to prioritize the needs of the people and production. Cuban Deputy Prime Minister and Minister of Foreign Trade and Investment, Pérez Oliva, announced a series of emergency measures aimed at ensuring the smooth operation of essential social services. These measures include: prioritizing fuel for basic public services and key economic activities, postponing non-essential activities; actively restoring fuel supplies, expanding domestic crude oil production, and accelerating the construction and commissioning of green energy projects; implementing fuel rationing and energy-saving measures; concentrating administrative work on Mondays through Thursdays; and ensuring fuel supplies for key sectors such as water supply, food production, healthcare, national defense, disaster warning, and foreign exchange earning industries.February 7th - Today (February 7th), the "South China Sea Regional Ocean-Atmosphere Two-Way Coupled Intelligent Large Model - Flying Fish-1.0," jointly developed by the South China Sea Institute of Oceanology, Chinese Academy of Sciences, and China University of Petroleum (East China), was released. The "Flying Fish-1.0" artificial intelligence large model mines the temporal and spatial variation patterns of the South China Seas ocean and atmosphere from massive amounts of data. Based on these learned patterns, it analyzes and infers the complex and mutually influential dynamic processes between the South China Seas ocean and atmosphere.Chinas foreign exchange reserves in January were $3,399.078 billion, below the expected $3,370 billion and the previous months $3,357.87 billion.

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%.