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August 2nd - According to Iranian media Fars News, some "media outlets linked to the enemy" previously claimed that Iran had agreed to a plan to reopen the Strait of Hormuz. However, informed sources denied this claim, emphasizing that Irans policy toward this strategic waterway has not changed.On August 2nd, Harvest Crude Oil LOF issued an announcement stating that its recent secondary market trading price is significantly higher than its net asset value (NAV), exhibiting a substantial premium. The closing price on July 31st was 2.201 yuan, while the NAV per unit was 1.9955 yuan as of July 29th. Investors are reminded to pay attention to the premium risk and invest prudently. If the premium does not effectively decrease by August 3rd, the fund has the right to apply for a trading suspension to warn of the risk. The fund primarily invests in related public funds, and investors can trade or subscribe/redeem on the secondary market. Currently, the fund is operating normally, and there is no undisclosed information that should be disclosed.August 2nd - According to data from online platforms, as of now, the total box office revenue for 2026 (including pre-sales) has exceeded 23 billion yuan, with the summer box office exceeding 7.2 billion yuan, and daily box office revenue exceeding 100 million yuan for 23 consecutive days.Israels Channel 12, citing diplomatic sources, reported that Qatari diplomats are negotiating with Iran to secure the support of the Iranian Revolutionary Guard for arrangements concerning the Strait of Hormuz.Market news: OPEC+ has agreed in principle to increase daily production by 188,000 barrels and suspend production increases in the fourth quarter.

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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