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Honda Motor (HMC.N) CEO: Unable to compete with rapidly growing rivals, the outlook for the automotive business may be under pressure.Honda Motor (HMC.N) CEO: Priority markets are the U.S., Japan, and India, with less competition from "emerging forces".June 26 – On June 26, the institutional reform of the Executive Committee of the Hengqin Guangdong-Macao In-Depth Cooperation Zone was officially launched, with the newly established and renamed working bodies fully operational. This round of reform closely adheres to the original mission of serving the moderate diversification of Macaos economy, systematically optimizing and integrating the Executive Committees organizational structure, functional allocation, and boundaries of authority and responsibility, further constructing a scientific, standardized, efficient, and characteristic responsibility framework system for Hengqin.On June 26, Wang Hongzhi, a member of the Party Leadership Group of the National Development and Reform Commission and Director of the National Energy Administration, stated at a press conference held by the State Council Information Office that energy demand will continue to grow during the 15th Five-Year Plan period. We will always prioritize energy security, adhere to a bottom-line mentality and a systematic approach, and focus on three key areas. First, we will ensure the "development" and "reservation" of fossil fuels. Coal is our greatest source of stable energy supply, and we must base our efforts on this national condition to build strong coal bases. For oil and gas, we will increase domestic exploration and development efforts, stabilize oil production, and increase natural gas supply. At the same time, we will strengthen energy reserves, improve the oil and gas reserve system, enhance coal-to-oil and gas production capacity and technology reserves, and improve coal production capacity reserves. Only in this way can we ensure unwavering security. Second, we will significantly increase the supply of non-fossil energy. Third, we will expand our network of energy cooperation partners.June 26 - On the morning of June 26, President Xi Jinping met with Tariq Rahman, Prime Minister of the Peoples Republic of Bangladesh, who was on an official visit to China, at the Great Hall of the People in Beijing.

Daily Cryptocurrency Market Highlights - SOL Contradicted a Bullish Top Ten Trend

Daniel Rogers

Oct 24, 2022 15:57

 截屏2022-10-24 下午3.16.32.png

 

The top 10 cryptocurrencies had a mixed Saturday session, with solana (SOL) breaking the trend. Friday's less hawkish FOMC member talk continued to give support for the overall market despite the session's lack of volatility. The market capitalization of cryptocurrencies increased by $3.7 billion to $880,3 billion, lowering October's deficit to $26 billion.

 

The Saturday session for the top ten cryptocurrencies was mixed. Solana (SOL) defied the top ten trend, while Ethereum (ETH) and Ripple (XRP) led the way. Despite the positive session, Bitcoin failed to surpass $20,000 for the fifteenth straight day, avoiding a drop below $9,000 in the process.

 

Due to the absence of external market factors, investors were forced to evaluate FOMC member comments from Friday.

 

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Members of the Federal Open Market Committee (FOMC) are rumored to be discussing a lesser rate hike in December, which has bolstered hopes for an end to the aggressive inflation targeting policies.

 

Mary Daly, a FOMC member, stated on Friday that it is time to consider easing back, which should prevent a Fed-induced recession. Former Fed Chair and US Treasury Secretary Janet Yellen also made crypto-friendly remarks. Yellen observed no indications of inflation getting rooted in the U.S. economy.

 

The talk on Friday reduced the likelihood of a 75-basis-point rate hike in December. According to the FedWatch Tool, the chance of a 75-basis point rate hike in December has decreased from 75.4% on Thursday to 45.6%.

 

The lowering odds on a December hawkish move are crypto-positive. However, with the FOMC in its blackout period, Monday's economic data could bring uncertainty. The October PMIs for the US private sector will garner significant interest. Positive headline and subcomponent statistics could rekindle hopes for a 75-basis-point increase in December.

 

Earlier in the Monday session, China's Q3 GDP figures will also garner notice. However, we anticipate the NASDAQ 100 Mini to set the tone during the final hour of trading today (UTC). The decline in the likelihood of a December rate hike predicts a bullish start to the week.

 

After a Bullish Saturday, the Crypto Market Eyes its Third Straight Gain. The crypto market fell to a low of $872.4 billion in the early hours of the day due to a mixed start to the day. However, after finding support throughout the morning, the cryptocurrency market reached a high of $884,9 billion in the early afternoon before retreating.

 

Despite the decline, the crypto market increased by $3.7 billion to $880,3 billion by the end of the day. The crypto market lost $26 billion in October after a second consecutive increase.

 

While the start of the Sunday session is bearish, a third consecutive bullish session would be the first since September 12, the day before the August US CPI report.

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