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On December 5th, Country Garden Holdings Co., Ltd. (02007.HK) announced that, pursuant to a court order dated December 4th, 2025, its offshore debt restructuring plan has been approved by the court. A stamped copy of the approval order was submitted to the Registrar of Companies in Hong Kong for registration on December 5th, 2025. Therefore, the effective date of the plan has occurred on December 5th, 2025, in accordance with the terms of the plan. The effective date of the plan is a significant milestone in the implementation of the proposed restructuring. The effective date of the plan is distinct from the effective date of the restructuring. The effective date of the plan is one of the restructuring conditions, while the effective date of the restructuring can only occur after all restructuring conditions have been fulfilled or waived.Canadas labor force participation rate in November was 65.1%, below the expected 65.3% and the previous months 65.30%.Canadas unemployment rate was 6.5% in November, below the expected 7% and the previous months 6.90%.Canada added 63,000 part-time jobs in November, compared with 85,100 in the previous month.On December 5th, Tuojing Technology announced that it plans to jointly invest in Xinfeng Precision with its related party, Fengquan Venture Capital. Tuojing Technology plans to acquire RMB 9.9838 million of registered capital from Xinfeng Precisions original shareholders for no more than RMB 270 million, representing 16.4154% of Xinfeng Precisions registered capital after this round of financing. Fengquan Venture Capital plans to acquire RMB 1.1093 million of registered capital from Xinfeng Precisions original shareholders for RMB 30 million, representing 1.8239% of Xinfeng Precisions registered capital after this round of financing. This transaction involves joint investment with related party Fengquan Venture Capital, constituting a related-party transaction, but does not constitute a major asset restructuring as defined in the "Measures for the Administration of Major Asset Restructuring of Listed Companies." This transaction has been approved by the 21st meeting of the second board of directors of the company. Related directors Mr. Lü Guangquan and Ms. Liu Jing abstained from voting. This matter still needs to be submitted to the companys shareholders meeting for review.

E-Mini Dow Trading on Strong Side of Main Retracement Zone

Skylar Shaw

Apr 21, 2022 10:06


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Investors brushed over weak Netflix results, which weighed on the S&P 500 and NASDAQ Composite.


June E-mini Dow Jones Industrial Average futures are trading higher just before the cash market opens on Wednesday. Meanwhile, Procter & Gamble and International Business Machines are leading the blue chip average with solid results.


June E-mini Dow Jones Industrial Average futures are trading at 34966, up 125 points or 0.36 percent, at 12:27 GMT. The SPDR Dow Jones Industrial Average ETF (DIA) closed at $349.14 on Tuesday, up $5.04 or 1.47 percent from its previous close.


In stock news, Procter & Gamble's shares rose by 1% after reporting better-than-expected profits.


Procter & Gamble also raised its full-year sales forecast. Another Dow component, IBM, surged more than 1% after reporting better-than-expected profits and sales.

Technical Analysis of the Daily Swing Chart

According to the daily swing chart, the major trend is up. Buyers knocked out the last major top at 34820 on Tuesday, bringing it back up. The primary trend will be changed to down if a transaction is made through 34002.


The minor trend is upwards as well. A trade through 34179 will shift momentum to the downward and alter the minor trend to down.


36708 to 32086 is the primary range. The market is now edging closer to the top of its retracement zone, which runs from 34942 to 34397.

Technical Forecast for the Daily Swing Chart

Trader response to 34942 is expected to impact the direction of the June E-mini Dow Jones Industrial Average futures contract on Wednesday.

Possibilities for Growth

The presence of buyers will be shown by a prolonged advance over 34942. The uptrend will be reaffirmed if the next big top at 35015 is taken out. This might lead to a run to the major peak at 35281 on March 29. This might be a tipping point for a move higher, with the February 9 major peak at 35649 being the next objective.

Scenario that is bearish

The presence of selling will be signaled by a persistent rise below 34942. We might see a break through the 50% mark at 34397 if this develops enough downward momentum.

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