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June 15th - Zhipu (02513.HK) announced the launch of its latest flagship model, GLM-5.2. This model offers a long context of up to 1MB and continues to lead in long-duration tasks. It will be open-sourced under the MIT license. This model is expected to boost the call volume of the companys open platform and API services. As of the date of this announcement, the company is not aware of any information that needs to be disclosed to avoid a false market in the companys securities, or any inside information that needs to be disclosed under the Listing Rules. Shareholders and potential investors are advised to exercise caution when dealing in the companys securities.Japans tertiary sector activity index rose 1.3% month-on-month in April, compared with a previous reading of -0.20%.June 15th - According to the National Railway Administration, from January to May 2026, the national railway passenger and freight volumes remained high, railway construction progressed steadily, effectively playing a radiating and driving role and injecting new momentum into regional economic and social development. In terms of passenger transport, from January to May, the national railway system completed a total of 1.969 billion passenger trips, a year-on-year increase of 5.7%; and completed 697.739 billion passenger-kilometers, a year-on-year increase of 4.2%. In May, the railway system completed 414 million passenger trips, a year-on-year increase of 1.9%; and completed 140.387 billion passenger-kilometers, a year-on-year increase of 2.2%. Regarding fixed asset investment, from January to May, the national railway system completed 248.5 billion yuan in fixed asset investment, a year-on-year increase of 2.6%, and railway construction progressed steadily.June 15th - The Bank of England will hold its interest rate decision on Thursday. The meeting is expected to see a majority vote to keep rates unchanged, but it is anticipated to reflect the Monetary Policy Committees growing concerns about the inflation risks posed by the prolonged energy crisis. Following calls from senior officials, including Governor Bailey and Deputy Governor Briden, for caution before addressing rising inflation risks, the market widely expects the bank to keep the key interest rate unchanged at 3.75%. "The momentum in the labor market has cooled significantly," said Hetal Mehta, an economist at St Jamess Place. "I dont think theres enough impetus for a rate hike at the moment." However, at least two rate setters—Chief Economist Peale and Monetary Policy Committee member Green—have hinted at calling for an immediate rate hike. Another Monetary Policy Committee member, Mann, stated that if the energy crisis worsens, a rate increase at some point cannot be ruled out.June 15th - HSBC and Hang Seng Banks applications experienced technical glitches this morning, according to reports. HSBCs platform indicated that services were temporarily affected due to a technical glitch. Hang Sengs platform indicated that its application or online banking services might experience slow response times or intermittent interruptions. An HSBC spokesperson stated that some customers were unable to use certain banking services normally this morning, and the company was working diligently to restore normal operations as soon as possible. Hang Seng stated that some banking services were temporarily affected due to technical reasons, and relevant departments were working to resolve the issue.

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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