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On September 8, Foreign Ministry Spokesperson Mao Ning held a regular press conference. Mao Ning stated that there is only one China in the world, and Taiwan is an inseparable part of Chinas territory—an unshakeable historical and legal fact. UN General Assembly Resolution 2758 solemnly affirms the one-China principle, explicitly restoring all the rights of the Peoples Republic of China and clarifying that China has only one seat in the United Nations; there is no such thing as "two Chinas" or "one China, one Taiwan." Taiwan has never been a country, and it will never be. The Lai Ching-te administrations wanton distortion of UN General Assembly Resolution 2758 once again exposes its separatist nature of "Taiwan independence." Its fallacies cannot change the historical and legal fact that both sides of the Taiwan Strait belong to one China, nor can they shake the international communitys firm commitment to the one-China principle.September 8th – On September 8th, Foreign Ministry Spokesperson Mao Ning held a regular press conference. A Reuters reporter asked, “India is about to host the 18th BRICS Summit. Who will China send to this summit? What are China’s expectations for this summit?” Mao Ning stated that China attaches importance to BRICS cooperation and supports India in successfully hosting this year’s leaders’ summit. “However, I have no information to provide on your specific question at this time,” Mao Ning said.Infineon shares fell 2.3% after Morgan Stanley downgraded its rating from overweight to neutral.September 8th - With the resumption of oil transport through the Strait of Hormuz, Kuwaiti crude oil exports have recovered to approximately 1 million barrels per day, including ship-to-ship transshipment outside the strait. Sabah, Managing Director of International Marketing at Kuwait Petroleum Corporation (KPP), stated that the company is also delivering directly to customers. Currently, they are using both their own tankers and chartered vessels to transport oil. As more tankers find routes through the Strait of Hormuz, Kuwaiti crude oil exports have recovered to nearly two-thirds of last years average daily export of 1.6 million barrels. Kuwaiti crude oil exports had fallen to multi-year lows since the outbreak of the Iraq War in late February.According to the Bahrain News Agency: Bahrain strongly condemns the Houthi attacks on Saudi civilians and key facilities once again.

S&P 500 Price Forecast – Thanksgiving Week Stalemate

Steven Zhao

Nov 23, 2022 16:24


Technical Analysis of the S&P 500

As the market continues to wait for a catalyst, the S&P 500 E-mini contract has been fairly quiet during Tuesday's trading session. Even if the FOMC Meeting Minutes are about to be released, there hasn't been much to entice consumers to invest their money. Thanksgiving week is currently taking place in the United States, therefore this will undoubtedly have an impact on how the markets react. Since the risk of illiquid moves is so high, a lot of big money won't want to participate in the market this week.


The underlying index will also be closed on Thursday and will only conduct minimal trading on Friday, so keep that in mind as well. As a result, I believe that the later in the week you go, the less probable it is that you will see actual moves. Nevertheless, if there is a significant news event, it can enter the picture.


But since there isn't much happening right now to move the markets, you shouldn't be trading this market over the next few of days. As a result, you should expect that the best trading chances will almost likely be in choppy short-term range bound trading systems.


Though short-term actions can accumulate over time, keep in mind that this is probably as good as it gets for now. In the end, all of this will probably revolve around next week and whatever catalyst we have in store. I believe that at this point, the majority of big businesses in America are merely holding their positions.

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