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April 4th - Data released by the General Statistics Office of Vietnam shows that Vietnams economy slowed compared to the previous quarter due to heavy reliance on Middle Eastern oil imports. Vietnams GDP grew by 7.83% in the first quarter, lower than the 8.46% in the fourth quarter of last year. The Vietnamese governments growth target for this year is no less than 10%, but this target is currently under pressure. Vietnam imports over 80% of its crude oil from the Middle East, and oil shipments from the region have been disrupted due to the conflict with Iran. Rising fuel prices have forced Vietnamese airlines to scale back operations and prompted authorities to introduce cost-control measures, including reducing fuel taxes, subsidizing prices through government-controlled funds, and encouraging remote work to reduce consumption.Note: Vietnams March trade balance and March import year-on-year rate have not yet been released.April 4th - According to China State Railway Group, the national railway system is expected to transport 21.9 million passengers today (April 4th), with 1,173 additional passenger trains planned. Yesterday, the national railway system transported 18.252 million passengers, with transportation proceeding safely, smoothly, and orderly.According to Fox News: United Airlines has confirmed that starting Friday, baggage fees for passengers who purchase tickets will increase by $10, reaching $50.According to the Wall Street Journal, both U.S. and Iranian officials have stated that the damage caused by last months Iranian drone strike on the U.S. embassy in Saudi Arabia was more severe than previously disclosed.

Dow Futures decline as earnings season begins

Charlie Brooks

Oct 10, 2022 15:23

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On Sunday evening, U.S. stock futures were trading lower after major benchmark indices ended the week with mixed results amid volatile trading conditions. The upcoming week will be a busy one for investors, as corporate earnings, FOMC minutes, and highly anticipated consumer price data are scheduled for release.


At 7:10pm ET (11:10pm GMT), Dow Jones Futures were down 0.5%, while S&P 500 Futures and Nasdaq 100 Futures each fell 0.6%.


This week, market participants will closely monitor the speeches of Fed policymakers Evans and Brainard, as well as FOMC members Harker and Mester, for additional clues on the Fed's rate hike trajectory. In addition, fresh PPI and CPI data, the most recent FOMC meeting minutes, retail sales, and Michigan consumer sentiment will be monitored, along with fresh earnings results from Morgan Stanley (NYSE:MS), JPMorgan Chase & Co (NYSE:JPM), Citigroup Inc (NYSE:C), Wells Fargo & Company (NYSE:WFC), and PepsiCo Inc (NASDAQ:PEP) (NYSE:DAL).


On Friday, the Dow Jones Industrial Average fell 360.2 points, or 2.1%, to 29,296.8; the S&P 500 fell 104.9 points, or 2.8%, to 3,637.7; and the NASDAQ Composite fell 420.9 points, or 3.0%, to 10,242.4. The Dow gained 1.5% for the week, whereas the S&P 500 gained 0.8% and the NASDAQ only gained 0.1%.


The 10-Year United States bond market interest rate was 3.885%.

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