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On July 25, European Central Bank Chief Economist Lane commented on the new US tariffs imposed on some trading partners, saying that the European economy relies mainly on domestic demand, and while trade between the US and Europe is important, it is "not the dominant issue." Lane stated that "the US is not the dominant force in international trade," and that Europe trades with the entire world, not just the US.July 25 - Japans ruling Liberal Democratic Party (LDP) has been embroiled in another money scandal. The partys branch in Fukuoka Prefecture is accused of demanding large sums of money from members aspiring to become the prefectural assembly speaker and deputy speaker. One former speaker revealed that he was asked to pay 20 million yen (approximately 830,000 yuan).On July 25, Kim Yong-beom, Chief of Staff for Policy at the South Korean Presidential Office, stated that South Korean conglomerates have reached agreements with global technology giants, including Nvidia (NVDA.O), to undertake a series of collaborative projects worth a total of $950 billion. Kim explained that these projects include a long-term agreement under which SK Group will supply high-performance semiconductors worth $750 billion to global technology companies, including Nvidia.According to Yonhap News Agency, SK Group will supply $750 billion worth of chips to US technology companies, including Nvidia.On July 25th, Cheng Hehong, Chief Counsel and Director of the Legal Affairs Department of the China Securities Regulatory Commission (CSRC), pointed out at a seminar on cutting-edge practical issues in the trial of securities and futures crimes that my countrys capital market criminal rule of law construction has achieved remarkable results and played an important role. The high-quality development of the capital market cannot be separated from the protection of criminal legislation and the judiciary. He stressed the need to deeply understand the characteristics of securities and futures crimes, including their large number of participants, high level of professionalism, high degree of concealment, frequent cross-market linkages, prominent new types of crimes, and the intertwining of administrative and criminal attributes. He further emphasized the need to increase the punishment for securities and futures crimes, improve market operation mechanisms, strengthen daily supervision and enforcement, intensify the crackdown on serious securities and futures crimes, deepen the connection and coordination between administrative enforcement and criminal justice, promote the improvement of criminal legal systems adapted to the characteristics of the capital market, and deepen professional research on the overall characteristics of securities and futures crimes, jointly consolidating the legal foundation for the high-quality development of the capital market.

Dow Futures Are Unchanged Ahead Of The Holiday And Earnings Seasons

Aria Thomas

Jan 16, 2023 10:51

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Futures for U.S. equities were trading higher on Sunday evening, as key benchmark averages finished the week at monthly highs and investors moved into riskier assets in response to somewhat weaker CPI data from the previous week.


The markets will be closed on Monday because of a holiday.


Dow Jones Futures were trading flat at 6:30pm ET (11:30pm GMT), while S&P 500 Futures and Nasdaq 100 Futures each fell 0.1%.


In extended trading, Bed Bath & Beyond Inc (NASDAQ:BBBY) lost 5.7%, Arrival Vault USA Inc (NASDAQ:ARVL) declined 4.6%, and Redhill Biopharma Ltd (NASDAQ:RDHL) fell 3.8%.


Investors will keenly scrutinize the upcoming figures on producer prices, industrial production, retail sales, construction permits, housing starts, existing home sales, and the Philadelphia Fed Manufacturing Index.


On the earnings front, market players will closely monitor Morgan Stanley (NYSE:MS), Goldman Sachs Group Inc (NYSE:GS), Netflix Inc (NASDAQ:NFL), Charles Schwab Corp (NYSE:SCHW), and Kinder Morgan Inc. (NYSE:KMI).


On the bond markets, 10-Year U.S. interest rates were 3.498%.