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The Iraqi Kurdistan Regional Government stated that oil companies have resumed operations, pushing oil production up to approximately 230,000 barrels per day.August 29th - Niamey, the capital of Niger, experienced intense gun battles overnight starting in the early hours of today (August 29th) local time. According to sources, the conflict stemmed from a mutiny orchestrated by young officers within the Nigerien Armed Forces. The rebel forces converged on Niamey from both Tillabéri and Doso, launching multiple attacks targeting key facilities such as the presidential palace, Diori Hamani International Airport, and Nigers national television station. Sources indicate that the offensives against the national television station and the presidential palace have been repelled, but clashes continue around Air Force Base 101 near the airport, with both sides still exchanging heavy fire. Nigers national television station, which had previously experienced a signal outage, has resumed broadcasting.According to TASS, Russia says it has captured Novoandryvka in the Donetsk region of Ukraine.According to TASS, Russia says it has captured Khrapixina in the Sumy region of Ukraine.On August 29, during a visit to Kyrgyzstan on August 28 by a delegation of Chinese entrepreneurs organized by the China Council for the Promotion of International Trade (CCPIT), the China-Kyrgyzstan Business and Investment Forum was held in Bishkek, the capital of Kyrgyzstan. Ren Hongbin, Chairman of the CCPIT, stated that the CCPITs organization of this visit, involving over 100 entrepreneurs and the holding of the forum, aims to implement the important consensus reached by the two heads of state and promote more practical results in cooperation between Chinese and Kyrgyz enterprises. The CCPIT is willing to actively play its role as a bridge and link, organizing more targeted trade promotion activities to support enterprises from both sides in creating new growth points in service trade, digital trade, and cross-border e-commerce, and expanding new spaces for trade cooperation; to make good use of the China International Supply Chain Promotion Expo platform, inviting more Kyrgyz enterprises and institutions to participate, continuously strengthening precise matching of production and supply chains, and stimulating new momentum for supply chain cooperation; and to deepen cooperation with Kyrgyz counterparts within the framework of mechanisms such as the China-Central Asia Business Council, amplifying the functions of multilateral and bilateral business cooperation mechanisms, and contributing to the high-quality joint construction of the Belt and Road Initiative.

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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