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According to The Wall Street Journal, Kalshi plans to seek regulatory approval to offer regulated perpetual futures linked to stocks such as Tesla, Apple, and Nvidia.Tesla (TSLA.O): Model Y Performance All-Wheel Drive version starts at 369,000 yuan.On September 11th, Futures News reported that data released by the China Futures Association on September 10th showed that, calculated unilaterally, the national futures market saw a trading volume of 1.087 billion lots and a turnover of 85.04 trillion yuan in August, representing year-on-year increases of 29.05% and 30.67%, respectively. Looking at the first eight months, the national futures markets cumulative trading volume reached 7.194 billion lots, with a cumulative turnover of 654.02 trillion yuan, representing year-on-year increases of 20.36% and 37.37%, respectively. 1. Wei Gang, chief economist at Hengtai Futures, told reporters that the August futures market saw a "simultaneous increase in both volume and price," mainly driven by three factors: First, both volume and price increased in non-ferrous metals and precious metals. Second, the crude oil and energy sectors saw a significant increase in trading volume due to geopolitical factors. Third, the chemical and agricultural futures sectors showed a strong trend and high trading activity due to cost transmission and supply-demand disturbances. Hongyuan Futures analyst Wang Jiangnan stated that, judging from the performance of various commodities, commodity futures were generally strong in August, with most major contracts closing higher. Coking coal saw a cumulative increase of over 45% in August, the energy and chemical sector generally rose, and the precious metals sector also strengthened. Looking ahead to September, Wang Jiangnan believes that the Federal Reserves monetary policy expectations are a key macroeconomic variable, with the probability of a September rate hike rising to 60%, which will suppress the performance of precious metals and risk assets. The ferrous metals sector is entering its traditional peak season, and actual demand will be the main factor determining whether the sectors performance can be sustained. Non-ferrous metals may exhibit a pattern of "structural recovery and product differentiation," maintaining high-level fluctuations in the short term. Wei Gang added that, in addition to the Federal Reserves monetary policy path, the evolution of geopolitical conflicts in the Middle East is also an important factor affecting futures market trading.On September 11th, Edmond de Rothschild Asset Management believes that the recent rise in the yen signals a broader correction of the currencys long-term undervaluation. Michael Nizad, the firms head of strategy, wrote that for many years, the yens movements have been primarily driven by the US-Japan interest rate differential and its role as a funding currency for global carry trades; now, the yen is beginning to trade more based on its own fundamentals. He wrote, "The yen may be beginning to trade as a fundamentally-driven currency again. Any pullbacks in yen cross rates should increasingly be seen as opportunities to rebuild or increase long yen positions."The Euro Stoxx 50 index fell 0.3%, German DAX futures fell 0.3%, and UK FTSE futures fell 0.1%.

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.