EUR/USD 1.18646
-0.078%
Gold 5013.76
-0.373%
Oil 62.770
0.280%
USD/JPY 152.978
0.148%
GBP/USD 1.36451
-0.078%
GBP/JPY 208.744
0.070%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Market news: The Trump administration has canceled emissions credits from the Environmental Protection Agency for vehicles equipped with start-stop technology, ending a program designed to incentivize automakers to install fuel-saving systems that shut off the engine when stopped at red lights.February 16th - Analysts predict Asian stocks will rise on Monday after recent selling pressure in US stocks eased and inflation data supported expectations of a Federal Reserve rate cut this year. Japanese and Australian stock index futures also foreshadow gains. In early Sydney trading, the US dollar was largely unchanged against major currencies. The calm in the market suggests overall risk sentiment is supported after several weeks of declines in the S&P 500, driven by concerns about the impact of artificial intelligence on industries ranging from software to logistics.On February 16th, according to the Financial Times, British Prime Minister Keir Starmer warned Elon Musk and other tech executives that in the UK, "no platform has a passport" when it comes to illegal content. This comes as the Prime Minister is tightening online safety regulations following a scandal involving xAIs Grok chatbot. The government stated it will seek the power to "act swiftly" to close legal loopholes, explicitly bringing AI chatbots such as Grok, Googles Gemini, and OpenAIs ChatGPT under the jurisdiction of the Cybersecurity Act, alongside social media platforms like Instagram and TikTok. Starmer cited Musks AI company xAI and its Grok chatbot (which was used this year to generate pornographic images of women and children, triggering an investigation by the UK communications regulator Ofcom) as an example, saying, "Our actions with Grok send a clear message: no platform has a passport."Conflict Status: 1. A Ukrainian drone strike in Luhansk injured 19 people. 2. Russian forces claim they have taken control of 12 settlements previously held by Ukrainian forces this month. 3. Ukrainian military: Attacked the Taman oil terminal in Russias Krasnodar region. 4. Russian forces stated they have occupied the village of Tsvetkove in Ukraines Zaporizhzhia region. 5. The local governor stated that the port of Taman in Russias Krasnodar region was attacked by drones. Oil storage tanks, warehouses, and the dock at Taman port were damaged in the attack. Peace Negotiations: 1. Russian Deputy Foreign Minister: Russia is willing to discuss with the US and other parties the introduction of an external governance mechanism to Ukraine. 2. EU High Representative for Foreign Affairs and Security Policy, Kalas: It seems EU countries are not yet ready to give Ukraine a specific date for joining the EU. February 16th - On February 15th local time, Hungarian Foreign Minister Szijjártó posted on his personal social media that, due to Ukraines continued suspension of transit transport through the "Friendship" oil pipeline, Hungary and Slovakia have sought assistance from Croatia, hoping to transport Russian crude oil via the "Adriatic" pipeline. Szijjártó stated that Hungary and Slovakia had previously secured the right to continue purchasing cheap Russian crude oil through the "Friendship" pipeline, and this sanction exemption also includes the option of purchasing Russian crude oil by sea if transit via the pipeline becomes unfeasible.

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