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The U.S. Geological Survey reports a 6.3-magnitude earthquake in the Nikolsky region of Alaska.The Bank of Korea (BOK) said that supported by a booming semiconductor industry and a stronger-than-expected global economic environment, South Koreas export-oriented economy is expected to achieve "significantly higher" growth this year compared to last year. The BOK told parliament that the semiconductor market is experiencing a cycle stronger than any previous rally and is likely to maintain its stronger momentum for at least the year. These remarks come as the BOK is set to release its latest economic growth and inflation forecasts on Thursday. Analysts expect the bank to raise its 2026 GDP growth forecast to around 2% from 1.8% in November. The market widely expects policymakers to keep the benchmark interest rate unchanged at 2.5%. Preliminary data from the BOK showed that the South Korean economy grew by 1% last year.On February 22, Gongbei Customs inspected and cleared 26,900 inbound and 18,700 outbound passenger vehicles via the Zhuhai Port of the Hong Kong-Zhuhai-Macau Bridge, both record highs. In the first eight days of the holiday (February 15-22), customs inspected and cleared a total of 175,000 inbound and outbound passenger vehicles via the Zhuhai Port of the Hong Kong-Zhuhai-Macau Bridge, an increase of 11.2% year-on-year. Among them, 135,000 were Hong Kong and Macau single-plate vehicles heading north, an increase of 16.3% year-on-year. On February 21, 15,400 Hong Kong vehicles heading north were inspected and cleared, setting a new single-day record.U.S. Customs and Border Protection announced that it will cease imposing tariffs under the International Emergency Economic Powers Act at 12:01 a.m. Eastern Time on Tuesday, February 24 (1:01 p.m. Beijing Time).February 23rd, Futures News: Economies.com analysts latest view: Brent crude oil futures prices have retreated, attempting to find a higher retracement low as a base to help them gain the necessary bullish momentum for a rebound and further gains. In the short term, the main bullish trend remains dominant, and prices continue to trade above the 50-day EMA, further enhancing the likelihood of a short-term rebound. Meanwhile, the Relative Strength Index (RSI), after digesting overbought conditions, has shown positive converging signals, providing strong support for Brent crude oil futures to achieve new gains.

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%.