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May 17th - A recent Japanese public opinion poll shows that, faced with insufficient crude oil supply, 70% of Japanese citizens believe the government should call for energy conservation measures. Japans recent sharp decline in crude oil imports, necessitating two releases of oil reserves, has sparked widespread concern. Kyodo News conducted a telephone survey from May 16th to 17th, asking for public opinion on issues such as insufficient supply of crude oil and its derivatives. The survey results, released on the 17th, show that 70.5% of respondents believe the Japanese government should call for measures to conserve energy and resources. Regarding naphtha, a key raw material for plastics production, 70.6% of respondents expressed "unease" due to insufficient supply.On May 17th, in the second round of the WorldSSP class at the 2026 World Superbike Championship (WSBK) Czech Republic round, Valentin Debis, a French rider from Chinese motorcycle manufacturer Zhang Xue Motorcycles, won the championship again. This marks his second time this season achieving a perfect record in two rounds of a single race, following his victory in Portugal. This is also the fifth championship for the rider and Zhang Xue Motorcycles this season.On May 17th, The Guardian reported that the Labour Partys disappointing performance in recent local elections further exposed Starmers long-standing reputational problems. A recent YouGov poll showed that only 11% of Britons considered Starmer a good or excellent prime minister, while nearly 60% thought he was poor or very poor. However, the report pointed out that Starmer is not the only European leader facing a decline in approval ratings. Data from Statista shows that only 27% of people support Starmer, 65% do not, and 8% are unsure. Notably, German Chancellor Merz fares even worse, with a 19% approval rating and a 76% disapproval rating; French President Macrons situation is similarly dire, with an 18% approval rating and a 75% disapproval rating.May 17th - Ticketing platform data shows that the film "Love Letter to Grandma" has surpassed 500 million yuan in cumulative box office revenue on its 18th day of release.The Huatai-PineBridge Semiconductor ETF, representing China and South Korea, is experiencing a significant premium in the secondary market and will be suspended from trading from the opening of the market on May 18, 2026 until 10:30 on that day.

The Dow Futures drop following a strong week

Charlie Brooks

Jul 11, 2022 10:59

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After major benchmark indexes completed the week higher, U.S. stock futures dropped during Sunday evening trade as investors anticipated company earnings reports and important inflation data.


By 7:00pm ET (11:00pm GMT), the Dow Jones Futures were down 0.2 percent , the S&P 500 Futures were down 0.3 percent , and the Nasdaq 100 Futures were down 0.4 percent .


Ahead this week, market participants will concentrate on new CPI data, with the inflation rate predicted to hit 8.8 percent, the highest level since December 1981. Investors will examine, among other data releases, retail sales, manufacturing production, Michigan consumer mood, NFIB Small Business Optimism, consumer inflation expectations, producer pricing, export and import prices, and the New York Empire State Manufacturing Index.


PepsiCo Inc (NASDAQ:PEP) and Delta Air Lines Inc (NYSE:DAL) are scheduled to report earnings on Tuesday and Wednesday, respectively, while JPMorgan Chase & Co (NYSE:JPM), Morgan Stanley (NYSE:MS), Wells Fargo & Company (NYSE:WFC), and Citigroup Inc (NYSE:C) are scheduled to report earnings later in the week.


During trading on Friday, the Dow Jones Industrial Average sank 46.4 points, or 0.2 percent, to 31,338.2, the S&P 500 finished 0.3 points, or 0.1 percent, down at 3,894.4, and the NASDAQ Composite climbed for the sixth consecutive day, adding 14 points, or 0.1 percent, to 11,635.3. The Dow rose 1.4 percent for the week, while the S&P 500 climbed 2.7 percent and the NASDAQ gained 6.1 percent .


On the bond markets, 10-Year United States rates jumped to 3.08 percent.


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