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Goldman Sachs raised its target price for ASML from €1,600 to €1,770.Pop Mart (09992.HK) rose more than 4%.Market news: NEC, Anthropic, and Japanese financial institutions will collaborate on an artificial intelligence project.Futures Commentary by Everbright Futures: On June 10th, COMEX gold prices plummeted, approaching 4000 points, closing at $4094.1 per ounce, a drop of 4.49%. Domestic SHFE gold opened lower and continued to decline, breaking below 900 points, closing at 892.58 yuan per gram, a drop of 4.11%. 1. On Wednesday evening, data released by the U.S. Department of Labor showed that the U.S. Consumer Price Index (CPI) rose 4.2% year-on-year in May, the largest increase since April 2023, while the core CPI, excluding food and energy, rose 2.9% year-on-year. Although the CPI report suggested that the oil price shock had not yet spread to broader economic sectors, mainly remaining confined to the transportation industry, providing more justification for the Federal Reserve to keep interest rates unchanged until 2027, the market still bet on a Fed rate hike in October after the CPI data release, putting continued pressure on gold prices. 2. Geopolitically, Trumps dissatisfaction with the slow progress of US-Iran negotiations, threatening a "very strong" attack on Iranian infrastructure, has fueled renewed market concerns about a potential escalation of the conflict. This renewed geopolitical tension, coupled with expectations of a Fed rate hike, has dealt a double blow to gold, causing prices to fall rapidly again. However, the unusually weak performance of US stocks may force the Fed to be more cautious in its monetary policy rhetoric. With the Feds interest rate meeting next week, the market anticipates a hawkish stance that could further suppress gold prices. However, its also important to watch for unusual "buy the rumor, sell the fact" volatility in gold prices before and after the meeting.On June 11, in response to the critical issue that my countrys mainstream monitoring equipment and core methods for greenhouse gas monitoring and measurement have long relied on foreign technologies, making it difficult to achieve independent and accurate quality control of carbon emission monitoring data at the national, regional, and industry levels, the State Administration for Market Regulation organized leading domestic scientific and technological forces to carry out key technology research on integrated space-air-ground greenhouse gas concentration monitoring, emission inversion algorithms, and monitoring equipment. They successfully broke through the core technology of high-resolution domestic satellite CO2 and CH4 column concentration and emission inversion, breaking the foreign technological monopoly in the field of mesoscale CO2 flux detection lidar concentration and wind field synchronous detection.

Dow Futures Decline Slightly; FOMC Minutes Are Anticipated

Aria Thomas

Nov 21, 2022 11:21

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Sunday evening, U.S. stock futures were trading within a narrow range, as major benchmark averages ended the week in a mixed fashion as market participants weighed weak CPI and PPI data against aggressive language from Federal Reserve members.


At 6:25pm ET (11:25pm GMT), Dow Jones Futures were 0.1% lower, while S&P 500 Futures were unchanged and Nasdaq 100 Futures were 0.1% higher.


Ahead in the week, market participants will look to the FOMC's meeting minutes for hints regarding the size of the December interest rate hike. In the interim, investors will evaluate the most recent manufacturing and services PMI data, Michigan consumer confidence, durable goods orders, and new home sales.


VMware Inc (NYSE:VMW), Pinduoduo (NASDAQ:PDD), Agilent Technologies Inc (NYSE:A), Analog Devices Inc (NASDAQ:ADI), and Dollar Tree Inc (NASDAQ:DOL) are slated to report earnings.


On Friday, the Dow Jones Industrial Average increased 199.4 points, or 0.6%, to 33,745.7, while the S&P 500 increased 18.8 points, or 0.5%, to 3,965.3 and the NASDAQ Composite remained unchanged at 11,146.1. The Dow increased 0.3% for the week, while the S&P 500 fell 0.3% and the NASDAQ fell 0.8%.


The 10-Year U.S. bond market interest rate was 3.829%.