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On March 3, six departments, including the Ministry of Industry and Information Technology, issued guiding opinions on promoting the comprehensive utilization of photovoltaic modules. The opinions propose supporting enterprises in the photovoltaic module comprehensive utilization industry to actively participate in the application for manufacturing single-item champions, specialized and innovative SMEs, and high-tech enterprises. They also emphasize leveraging the role of national industry-finance cooperation platforms to guide financial institutions to provide credit financing support for green technology transformation and comprehensive utilization projects of waste photovoltaic modules. Furthermore, they advocate expanding diversified financing channels such as equity and debt, encouraging social capital to actively participate in the comprehensive utilization of waste photovoltaic modules, and utilizing relevant special funds to increase support for the research and development of advanced comprehensive utilization technologies and equipment.On March 3, six departments, including the Ministry of Industry and Information Technology, issued guiding opinions on promoting the comprehensive utilization of photovoltaic modules. The opinions propose promoting the integrated development of the entire dismantling and utilization industry chain. They encourage photovoltaic module manufacturers, photovoltaic power plants, and comprehensive utilization enterprises to actively extend the industry chain, integrating processes such as the dismantling of photovoltaic module surface structures, separation of laminated components, and extraction of components, thereby promoting intensive and integrated production processes and facilitating the large-scale development of the industry.On March 3, six departments, including the Ministry of Industry and Information Technology, issued guiding opinions on promoting the comprehensive utilization of photovoltaic modules. The opinions propose promoting the efficient purification of valuable components in photovoltaic modules. Specifically, they encourage the extraction of silver from the metal grid lines of crystalline silicon solar cells, exploring the use of non-acidic or weakly acidic solvents for silver extraction to improve the environmental friendliness of the process. They also call for accelerating research on reagent recycling technologies in acid-based silver extraction processes to improve acid reuse rates. Furthermore, they recommend researching and developing refined purification processes for modules with low silver content. The opinions also encourage the extraction of copper, lead, tin, and other metallic elements from solder strips and busbars, and the graded and differentiated utilization of silicon in photovoltaic modules. Based on the requirements of polysilicon, aluminum-silicon alloy, and organosilicon manufacturers for recycled materials, they suggest using wet and pyrometallurgical processes to improve silicon purity. Finally, they recommend researching low-cost extraction technologies for low-value components such as glass, encapsulant film, and backsheets to improve the comprehensive utilization level of all components in photovoltaic modules.Philippine President Marcos: Once oil prices reach $80 per barrel, there are plans to provide oil subsidies to the transportation and agriculture sectors.Philippine President Marcos: I hope the intensity of fighting in the Middle East will decrease and oil production will begin to return to normal.

Dow Futures Decline Ahead of Fed Rate Hike; Earnings Season Accelerates

Charlie Brooks

Jul 25, 2022 11:20

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Following a strong week for key U.S. indices, U.S. stock futures were neutral on Sunday evening as market participants prepared for the busiest week of corporate earnings. The Federal Reserve's interest rate announcement on Wednesday is expected to contain additional rate increases.


At 7:10pm ET (11:10pm GMT), Dow Jones Futures and S&P 500 Futures were down 0.1 percent, while Nasdaq 100 Futures were up 0.1 percent.


After concluding its two-day policy meeting on Wednesday, it is widely anticipated that the Federal Reserve will announce a 75 basis point rate hike the following week. Apple Inc (NASDAQ:AAPL), Microsoft Corporation (NASDAQ:MSFT), Alphabet Inc (NASDAQ:GOOGL), Amazon.com Inc (NASDAQ:AMZN), Meta Platforms Inc (NASDAQ:META), 3M Company (NYSE:MMM), Boeing Co (NYSE:BA), Forward Industries Inc (NASDAQ:FORD), and Intel Corporation (NASDAQ:INTC) are also slated to report quarterly results.


On the statistics front, the GDP estimate for the second quarter is expected to show growth of 0.4%, reversing the decline of 1.6% in the previous quarter. In addition, CB consumer sentiment, new and pending home sales, durable goods orders, and the Chicago, Dallas, Richmond, and Kansas Fed Manufacturing indexes will be monitored closely.


Key benchmark indices sank on Friday as a result of Snap Inc.'s weaker-than-anticipated earnings (NYSE:SNAP). The Dow Jones Industrial Average lost 137.61 points, or 0.4%, to reach 31,893. The S&P 500 slid 0.9% to 3,961.6, while the NASDAQ Composite dropped 1.87% to 11,834.11. The Dow increased by 2% for the week, while the S&P 500 and Nasdaq rose by 2.6% and 3.3%, respectively.


Following the release of earnings, Snap Inc (NYSE:SNAP) shares plunged 39.1% among equities.


Twitter Inc (NYSE:TWTR) climbed 0.8% despite posting below-consensus earnings, revenue, and user growth.


Verizon Communications Inc (NYSE:VZ) shares slumped 6.7% on earnings that fell short of Wall Street's forecasts.


On the bond markets, United States 10-Year interest rates were 2.752%.