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On September 11, U.S. regulators released a statement on Friday announcing proposed guidance on third-party risk management for banks. The Federal Reserve, the Office of the Comptroller of the Currency, the Federal Deposit Insurance Corporation, and the National Credit Union Administration stated that the proposal aims to help banks and credit unions “better align and tailor their third-party risk management practices to match the risks of individual third-party relationships.” In a memo, Federal Reserve staff stated that the plan comes as banks increasingly outsource some functions and rely on third-party relationships to improve efficiency and reduce costs. The plan, open to public comment and non-binding, aims to focus regulatory attention on a principles-based approach to such risks. Federal Reserve Governor Barr opposed the proposal, citing concerns about the “significant financial risk” standard.On September 11, it was learned that the Beijing Stock Exchange penalized three investors who privately acquired newly issued shares and agreed to share profits during the IPO process, imposing a three-month trading restriction on their securities accounts. It was determined that these investors reached a private agreement during the IPO subscription phase, locking in investment returns and transferring investment risks by paying fixed fees or agreeing on profit arrangements. According to relevant laws and regulations, publicly offered securities should be traded on legally established securities exchanges. The actions of these investors bypassed public trading channels, seriously disrupting the IPO order and negatively impacting the market ecosystem. The exchanges decisive action sends a signal of strict regulation and rational IPO participation, which is conducive to maintaining fair and just market order and protecting the legitimate rights and interests of investors.On September 11, during his state visit to Germany this week, the President of the United Arab Emirates announced plans to invest €40 billion (approximately US$46.4 billion) in Germany to further deepen economic ties between the two countries. The investment will cover areas such as artificial intelligence, digital infrastructure, and energy. The two countries also announced plans to deepen defense cooperation. The investment plan will include adding approximately 1 gigawatt (GW) of data center capacity. Reportedly, €10 billion of this will be invested in Bavaria, a key center for German industry and technology. Paul Masgrave, Associate Professor of Government at Georgetown University in Qatar, stated that, like all Gulf states, the UAE aims to diversify its overseas investment portfolio and develop an economy less reliant on oil.On September 11, Jingfeng Medical-B (02675.HK) announced in Hong Kong that it will explore a preliminary proposal to issue RMB shares, initiating its plan for an initial public offering (IPO) and listing of RMB ordinary shares on the A-share market. The proposed issuance of RMB shares is subject to and limited by, among other things, market conditions, further approval from the Board of Directors, approval from the Companys shareholders at a general meeting, and necessary regulatory approvals. Regarding the proposed A-share listing, the Company has appointed a pre-listing advisor and submitted a registration application for pre-listing advisory services on September 11, 2026.Oracle (ORCL.N) reversed course and fell after rising as much as 8%.

S&P 500 Price Forecast — Stock Market Looking for Footing

Florala Chen

Aug 24, 2022 15:54

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In the E-mini contract, the S&P 500 has gained a little bit of stability during the Tuesday trading session as we get closer to a critical support level.

Technical Analysis of the S&P 500

In the early stages of the E-mini contract, the S&P 500 has moved in a rather narrow range. Having said that, this week is the Jackson Hole Symposium, which is practically guaranteed to make a lot of noise. In this case, I believe the trading public will be paying great heed to central bankers' pronouncements, which, of course, may sometimes result in complete pandemonium.


In this case, I believe we could have a brief rebound followed by increased selling pressure. The 200-Day EMA is located around 4185, and there is considerable resistance at the 4300 level above. It's also important to pay attention to the 50-Day EMA, which is at 4082 and climbing below; it may provide dynamic support.


I do believe that it is extremely possible that traders will look to the 50-Day EMA to salvage the market upward, regardless of whether or not this turns out to be the case. If we break it down below that, the market is probably just trying to get to the 4000 level. Anything below the 4000 mark indicates that we have once again altered our mentality and that more downside is yet to come.


One thing you can certainly bet on, in my opinion, is a lot of noisy volatility, mostly as a result of the central bankers' ranting in Wyoming. They will almost certainly underline their resolve to battle inflation, which means that monetary policies will continue to tighten throughout the globe.

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