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Ukrainian President Volodymyr Zelenskyy announced that he has appointed former Ukrainian Ambassador to the United States, Irina Markarova, as his advisor on reconstruction and investment.On November 30th, Canadian Solar announced that it plans to adjust its US market business by establishing two new joint ventures, M and N, with its controlling shareholder, Canadian Solar Inc. (CSIQ). CSI will hold 24.9% of the shares, and CSIQ will hold 75.1%. Company M will focus on the US photovoltaic business, while Company N will focus on the US energy storage business. Simultaneously, the company plans to restructure its US manufacturing plant, with CSIQ holding 75.1% and CSI holding 24.9%, to obtain a one-time equity transfer consideration and subsequent ongoing equity gains from the 24.9% stake in the US business. This transaction and the waiver of commitments have been approved by the board of directors and are subject to shareholder approval.On November 30th, Baili Tianheng announced that its wholly-owned subsidiary, SystImmune, recently received a $250 million milestone payment from BMS. According to the cooperation agreement, the company is also eligible for up to $250 million in near-term contingent payments, as well as additional payments of up to $7.1 billion upon achieving specific development, registration, and sales milestones.On November 30th, Zhuochuang Information announced that it submitted an application to the Hong Kong Stock Exchange on November 28th, 2025, for the issuance of overseas listed shares (H shares) and listing on the Main Board of the Hong Kong Stock Exchange. The application materials for this issuance and listing were also published on the Hong Kong Stock Exchange website on the same day. The issuance and listing are subject to approval, authorization, or filing by relevant government agencies, regulatory bodies, and stock exchanges, and will be implemented only after comprehensive consideration of market conditions and other factors. Therefore, the matter remains subject to uncertainty.On November 30th, Japanese Finance Minister Satsuki Katayama stated on Sunday that the recent sharp fluctuations in the foreign exchange market and the rapid depreciation of the yen were clearly not driven by fundamentals. "Our position is to issue a warning about such events," Katayama said. She reiterated that currency intervention is still possible in response to excessive yen volatility and speculative movements. This aligns with the September Japan-US joint statement, which stated that exchange rates should be determined by the market. On Monday, the market will closely watch for comments from Bank of Japan Governor Kazuo Ueda to see if he signals a possible interest rate hike at the Bank of Japans December meeting.

Stocks Will Sell Off on Inflation Data – Is a Temporary Bottom Ahead?

Alice Wang

Jul 14, 2022 14:56

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Following a 1.15 percent fall on Monday, the S&P 500 index fell by 0.92 percent on Tuesday. The general stock market reversed a recent advance from the neighborhood highs made last week. From the 3,900–3,950 level, the index once again bounced.


Despite the U.S. dollar's gain and the volatility of commodities last week, the S&P 500 almost fully recovered from its prior fall. But this week's early days saw sellers take the lead once again. Regarding inflation statistics, the Federal Reserve's tightening of monetary policy, the crisis between Russia and Ukraine, and the impending quarter's earnings reporting season, there is still a lot of uncertainty and concern. And after a worse-than-expected CPI announcement this morning, the index is anticipated to start 1.4 percent down.

Conclusion

The Consumer Price Index announcement stated earlier caused investors' attitude to deteriorate, and as a result, the S&P 500 index is most likely to start 1.4 percent down this morning. Prior to Friday's publication of retail sales data and the next quarterly earnings announcements, the market might see an intraday bounce and more gyrations.

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