• English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On June 15th, it was reported that the secondary market trading price of the Fullgoal ChiNext ETF (ticker symbol: Fullgoal ChiNext ETF; fund code: 159971), managed by Fullgoal Fund Management Co., Ltd., has been significantly higher than its Indicative Indicative Net Asset Value (IOPV), exhibiting a substantial premium. To protect investors interests, trading in this fund will be suspended from the opening of the market on June 16, 2026, and will resume at 10:30 AM on the same day. Redemption services will continue as usual during the suspension period. If the premium in the secondary market trading price of this fund does not effectively decrease on June 16, 2026, the fund has the right to apply to the Shenzhen Stock Exchange for temporary intraday trading suspension, extension of the suspension period, or continuous suspension to warn the market of the risk. Specific details will be announced at that time.June 15th - Lee Hardman of MUFG Bank stated in a report that despite the decline in energy prices following the interim peace agreement between the US and Iran, the yen is unlikely to achieve a meaningful recovery. Short positions in the yen continued to increase ahead of the Bank of Japans policy decision on Tuesday. "The 25 basis point rate hike has already been fully priced in, so its unlikely to trigger a reversal of the yens weakness on its own, thus encouraging further increases in short yen positions," he said. He added that if energy prices continue to fall and bets on US rate hikes decrease, any further intervention by Japanese authorities to support the yen will prove more effective.June 15th - European Central Bank (ECB) Governing Council member Kazmir stated on Monday that the ECB has taken the first step in curbing price pressures, but it is increasingly clear that more action is needed. The ECB raised interest rates last Thursday for the first time in nearly three years, attempting to curb inflation before the surge in energy costs triggered by the US-Israel war against Iran spreads further throughout the Eurozone. In his article, Kazmir stated, "Now is not the time for complacency and hesitation. Higher energy costs are likely to persist for longer than many had hoped. Even with the recent peace agreement between the US and Iran, the damage inflicted on the Middle East cannot be erased overnight." He indicated that if the ECB does not act, a second wave of effects from rising energy prices will emerge. "We have taken the first step in curbing medium-term price pressures, but the task is not yet complete. Based on the information currently available, it is increasingly clear that monetary policy has much more to do."Reuters calculations show that Indias merchandise trade deficit in May was $28.21 billion (compared to a previous survey forecast of $28.72 billion).The eurozones seasonally adjusted trade balance in April recorded €1.3 billion, the smallest surplus since May 2023.

The Dow Futures drop following a strong week

Charlie Brooks

Jul 11, 2022 10:59

20.png


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.