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July 23 - Stronger-than-expected Australian employment growth in June prompted the interest rate market to increase bets on an August rate hike by the Reserve Bank of Australia (RBA). At the market open, the probability of a rate hike at the RBAs August policy meeting was 25%, and the probability of a rate hike for the remainder of 2026 was 80%. After the employment data was released, these probabilities rose to 33% and 95%, respectively. IG market strategist Tony Sycamore stated that with high inflation, the RBA will be concerned about the tightening labor market.Piper Jaffray: Lowered its target price for Alphabet (GOOG.O) from $445 to $395.On July 23, the official WeChat account of Guangdong Provincial Bureau of Statistics released data showing that, according to the unified accounting results for regional GDP, Guangdong achieved a GDP of 7,228.105 billion yuan in the first half of the year, a year-on-year increase of 4.5% at constant prices. Specifically, the added value of the primary industry was 224.894 billion yuan, an increase of 3.8%; the added value of the secondary industry was 2,732.761 billion yuan, an increase of 4.7%; and the added value of the tertiary industry was 4,270.45 billion yuan, an increase of 4.5%.July 23 – The "15th Five-Year Plan for the Revitalization and Development of Traditional Chinese Medicine" was released today, comprehensively outlining the work plan for traditional Chinese medicine during the 15th Five-Year Plan period. The plan clarifies the guiding principles, development goals, and indicators for comprehensively promoting the development of traditional Chinese medicine during this period. The plan proposes that by 2030, a more complete traditional Chinese medicine service system covering the entire population and the entire life cycle will be established; new breakthroughs will be achieved in the prevention and treatment of major diseases using traditional Chinese medicine; the quality of grassroots services will be improved and upgraded; basic research capabilities will be significantly enhanced; the innovation and creativity of the traditional Chinese medicine industry will be greatly strengthened; and the cultural and international influence of traditional Chinese medicine will be further enhanced. The revitalization and development of traditional Chinese medicine will reach a new level, ensuring that everyone has access to traditional Chinese medicine services.On July 23, according to Qichacha APP, Chengdu Jisu Engine Technology Co., Ltd. was recently established, with a business scope including natural science research and experimental development; engineering and technology research and experimental development; and agricultural science research and experimental development. Qichachas equity penetration analysis shows that the company is indirectly wholly owned by Douyin Co., Ltd.

Dow Futures Fall Following The Best Week Since June

Aria Thomas

Nov 14, 2022 14:57

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Futures for U.S. equities are trading lower on Sunday evening, following the largest weekly gain in over five months as market participants migrate back into risk-sensitive asset classes in response to weaker-than-anticipated CPI data.


Tuesday evening at 11:40pm GMT, Dow Jones Futures, S&P 500 Futures, and Nasdaq 100 Futures all decreased by 0.2%.


In addition to building permits, housing starts, and existing home sales, investors will focus on the latest producer price index, exports, imports, and retail sales statistics during the coming week.


Walmart Inc (NYSE:WMT), Home Depot Inc (NYSE:HD), Target Corporation (NYSE:TGT), Lowe's Companies Inc (NYSE:LOW), and Macy's Inc (NYSE:M) will release quarterly earnings (NYSE:KSS).


On Friday, the Dow Jones Industrial Average increased 32.5 points, or 0.1%, to 33,747.9, while the S&P 500 increased 36.5 points, or 0.9%, to 3,992.9 and the NASDAQ Composite increased 209.2 points, or 1.8%, to 11,733.3. The Dow jumped 4.2% for the week, while the S&P 500 and NASDAQ both gained 5.9% and 8.2%, respectively.


The 10-Year U.S. bond market interest rate was 3.811%.