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On February 10th, the State Administration for Market Regulation (National Standardization Administration) approved and released a batch of important national standards covering emerging fields, transportation and logistics, ecological and environmental protection, work safety, and peoples livelihoods. These standards will play a significant role in improving the quality of life and protecting the safety of life and property. In emerging fields, five national standards were released, including those for brain-computer interfaces and digital twins, clarifying basic specifications such as reference frameworks and data formats to support high-quality development in cutting-edge technologies. Forty-seven national standards were released, including those for aluminum nitride single-crystal polished wafers and carbon fiber reinforced composite materials, to support the innovative development of the new materials industry. Fifteen national standards for laboratory animals were released, including technical specifications for animal model identification and evaluation and methods for detecting dermatopathogenic fungi, to better support biotechnology research and application through laboratory animals.In 2025, the total revenue of my countrys logistics industry will reach 14.3 trillion yuan, a year-on-year increase of 4.1%.The yield on Japans 5-year government bond fell 2.5 basis points to 1.715%.A chart summarizing the overnight price movements of international spot platinum and palladium.February 10th, Futures News: Crude oil prices continued to rise, gasoline and diesel production and sales were acceptable, and positive news supported fuel oil trading and prices. Before the holiday, major refineries released resources for the holiday, and downstream stockpiling gradually came to an end. Due to differences in supply and demand among various fuel oil products, it is expected that refineries will maintain stable production today, and fuel oil negotiations will remain stable with narrow fluctuations.

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%.


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