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Fitch downgraded Honda Motors rating to "A-" with a negative outlook.On March 31, Foreign Ministry Spokesperson Mao Ning stated at a regular press conference that world cultural heritage is a precious asset of all humankind. China deeply regrets the damage suffered by Irans cultural relics and historical sites during the war and urges all warring parties, especially the United States and Israel, to immediately and comprehensively cease military operations, initiate dialogue and negotiations as soon as possible, and end this war that should never have happened.According to the Iraqi state news agency, the drone crashed in an open area of the West Qurna 1 oil field in Iraq without exploding.On March 31, Foreign Ministry Spokesperson Mao Ning held a regular press conference. A reporter asked, "China has announced the visit of Pakistani Deputy Prime Minister and Foreign Minister Dar to China. This is Deputy Prime Minister and Foreign Minister Dars second visit to China in three months. Is this visit related to the recent situation in Iran?" Mao Ning stated that China and Pakistan are all-weather strategic cooperative partners who trust and support each other. The two countries share similar positions and maintain close communication on major international and regional issues. "I believe that the two foreign ministers will strengthen strategic communication and coordination on international and regional issues of common concern, such as the situation in Iran, jointly voice their support for peace and justice, and make new efforts to promote peace and stop wars, and maintain regional peace and stability."Indonesian Deputy Speaker urges the public not to hoard fuel, as oil prices will remain unchanged.

Dow Futures fall whilst major indices rise

Aria Thomas

Aug 18, 2022 10:50

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In the evening session on Wednesday, U.S. stock futures traded lower as major benchmark indices ended a five-day winning streak and risk sentiment deteriorated as Federal Reserve members signaled extra rate hikes to combat inflation.


Dow Jones Futures, S&P 500 Futures, and Nasdaq 100 Futures all down by 0.1% by 7:00 p.m. ET (11:00 p.m. GMT), while Nasdaq 100 Futures declined by 0.2%.


Wolfspeed Inc (NYSE:WOLF) rose 18.6% in extended trade after reporting Q4 losses of $0.02 per share, which were better than the average expectation of $0.10. Rather than the anticipated $209.31 million, the actual revenue was $228.5 million.


Cisco Systems (NASDAQ:CSCO) rose 4.5% after reporting fourth-quarter earnings per share of $0.83 versus the average estimate of $0.82 and revenue of $13.1 billion versus the consensus estimate of $12.73 billion.


Bath & Body Works Inc. (NYSE:BBWI) declined 2.1% after posting second-quarter earnings per share of $0.52, which was above the consensus estimate of $0.44, and revenues of $1.62 billion, which were in line with forecasts.


Earnings results from Applied Materials Inc (NASDAQ:AMAT), Kohls Corp (NYSE:KSS), Tapestry Inc (NYSE:TPR), Estee Lauder Companies Inc (NYSE:EL), and Ross Stores Inc (NASDAQ:ROST) will be eagerly followed.


The Dow Jones Industrial Average fell 171.7 points, or 0.5%, to 33,980 during Wednesday's regular trading session.


The S&P 500 fell 31.2 points, or 0.7%, to 4,274, while the NASDAQ Composite down 164.4 points, or 1.3%, to 12,803.2.


Following the release of the most recent Federal Reserve meeting minutes, sentiment towards risk deteriorated throughout the session. In order to battle inflation, policymakers are likely to continue raising interest rates, but they have indicated that the rate of tightening could be changed based on market conditions.


The 10-Year U.S. bond market interest rate was 2.902%.

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