EUR/USD 1.15023
-0.050%
Gold 4045.61
-0.239%
Oil 79.612
1.092%
USD/JPY 157.585
0.269%
GBP/USD 1.34205
-0.086%
GBP/JPY 211.492
0.189%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Futures News, August 4th: Following the easing of tensions between the US and Iran, crude oil prices declined, dragging down fuel oil costs and prompting downstream traders to adopt a cautious approach to high-priced purchases. Today, the news regarding low-sulfur asphalt futures offered limited support, but on the supply and demand side, increased coking plant operating rates and reduced residual oil supply provided some support to the market. It is expected that domestic fuel oil negotiations will remain largely stable today, with some potential for price reductions to encourage increased supply.According to JLC Network Technologys calculations, as of the second working day of August 4th, the average price of benchmark crude oil was $84.73 per barrel, with a change rate of -5.23%. Domestic gasoline and diesel retail prices should be reduced by 240 yuan per ton. The adjustments are based on: 1. the domestic crude oil import structure and settlement benchmark varieties; 2. the possibility of slight adjustments based on import structure and other factors during the pricing mechanisms operation, which JLC Network Technology will revise accordingly; 3. at 24:00 on July 31st, domestic gasoline and diesel retail prices were increased by 685 and 655 yuan per ton respectively. Based on the "ten working days" principle, the adjustment window for this round is 24:00 on August 14th.As of 8:30 on August 4, 2026, WTI crude oil, Brent crude oil and other commodities saw the largest fluctuations. A chart reviews the overnight price changes in the international market and their corresponding theoretical mappings in the domestic market.As of 8:30 AM Beijing time, spot platinum was up 0.06% and spot palladium was down 0.06%.Futures News, August 4th: Market concerns eased, international oil prices fell, and cost support weakened, leading to a generally weak PX market today. The short-term PX tightness situation continues, with supply and demand remaining favorable.

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