EUR/USD 1.15709
-0.060%
Gold 4210.65
-0.003%
Oil 82.881
-2.644%
USD/JPY 160.200
0.149%
GBP/USD 1.34105
-0.037%
GBP/JPY 214.841
0.121%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
The European-Mediterranean Seismological Centre reports a 5.5-magnitude earthquake in the Peru-Ecuador border region.Israeli military: We will have to take action against Hezbollah because it violated the ceasefire agreement.On June 13, the U.S. Court of Appeals for the District of Columbia Circuit rejected an appeal by the U.S. government and the Kennedy Center for the Performing Arts Board of Governors on June 12, upholding the previous ruling by a federal district court that the name of U.S. President Donald Trump must be removed from the Kennedy Center for the Performing Arts by the end of June 12, Eastern Time.On June 13th, it was reported that 11 departments, including the Ministry of Transport, the National Development and Reform Commission, and the Ministry of Industry and Information Technology, jointly released the "Implementation Plan for Promoting the Large-Scale Application of New Energy Heavy-Duty Trucks." The plan clearly states that by 2030, the penetration rate of new energy heavy-duty trucks will reach 40%, with a total fleet exceeding 1.6 million vehicles, accounting for approximately 20% of the total fleet. This move aims to accelerate the green and low-carbon transformation of the transportation sector. New energy heavy-duty trucks refer to heavy-duty freight vehicles with a total mass of 12 tons or more that adopt new power systems. The plan specifies that 30,000 kilometers of zero-carbon highway transportation corridors will be built along key national highways, and approximately 3,000 heavy-duty truck charging and battery swapping stations will be deployed simultaneously. The plan also aims to promote the electrification rate of fixed-route short-haul transportation in key air pollution control areas such as the Beijing-Tianjin-Hebei region and the Fenwei Plain to exceed 80%.According to Iranian media Fars News: The Iranian Foreign Minister has been accused of undermining Irans negotiating position by pandering to Trumps policies.

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.


Suggestion