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According to Ukrainian media citing an air force spokesperson, Russia launched a Hazel missile at the Kyiv region of Ukraine.Ukrainian officials say the Russian attack killed four people in and around Kyiv.On May 24, local time, Russian Foreign Ministrys Director-General of the Second Department for CIS Affairs, Polischuk, stated that Russia is prepared to present its own recommendations regarding the USs 27-point plan for resolving the Ukraine crisis during the next round of meetings. He did not disclose the specific content of the recommendations. Polischuk indicated that following the two rounds of trilateral talks in Abu Dhabi and Geneva, Russian experts, based on the outcomes of the talks, have formulated recommendations regarding the USs 27-point plan.On May 24, Minister of Commerce Wang Wentao met with UNCTAD Acting Secretary-General Reno Mareno in Suzhou on May 23. Mareno was in China to attend the APEC Trade Ministers Meeting. The two sides exchanged views on the global economic and trade situation and deepening practical cooperation. Wang Wentao emphasized that the 15th Five-Year Plan outlines a grand blueprint for Chinas future development and makes important arrangements for expanding high-level opening-up, upholding the multilateral trading system, and practicing genuine multilateralism. China is willing to work with all parties, including UNCTAD, to jointly promote the building and maintenance of a fair, just, open, inclusive, and win-win international economic and trade order.According to Ukrainian media: Explosions have been heard again in Kyiv.

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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