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The head of Nigerias Dangot Group stated that the refinery expansion project will be completed within three years.The head of Nigerias Dangot Group stated that the company has signed a contract with an Indian engineering firm to expand its refinery capacity from 650,000 barrels per day to 1.4 million barrels per day.November 26th - TSMCs annual supply chain forum was held on the 25th. Chairman C.C. Wei mentioned that there is insufficient capacity for advanced process technologies. To strengthen its layout, the market expects that TSMC will simultaneously build or expand 10 wafer fabs globally next year, with supply chain support being the most important factor. Analysts predict that TSMCs capital expenditure will reach US$50 billion in the new year.On November 26, the following conditions were met: (i) the minimum public notice period was reached; (ii) the dishonest behavior was corrected and the obligations stipulated in the administrative penalties, abnormal list or serious dishonest entity list involved in the dishonest behavior were fully fulfilled; (iii) a public credit commitment was made, the content of which should include that the submitted materials are true and valid, and clearly state that the party is willing to bear the corresponding responsibility for violating the commitment; (iv) other conditions required by laws, administrative regulations and departmental rules.On November 26th, it was announced that the "Measures for the Management of Credit Repair," approved at the 25th meeting of the Commission on November 19th, 2025, will be implemented from April 1st, 2026. According to these measures, information on breaches of trust will be managed in categories based on their severity, generally divided into three categories: "minor," "general," and "serious." Different public disclosure periods will be set for each category according to the principle of proportionality between offense and penalty, with the disclosure period calculated from the date of the judicial or administrative documents determination. Minor breaches of trust will generally not be disclosed; however, if the industry regulatory authority deems it necessary, the disclosure period will not exceed three months, and the applicant can apply for credit repair once the legal responsibilities have been fulfilled. The minimum disclosure period for general breaches of trust is three months, and the maximum is one year. The minimum disclosure period for serious breaches of trust is one year, and the maximum is three years. Only after the minimum disclosure period expires can the credit subject apply for credit repair as stipulated. After the maximum disclosure period expires, the relevant information will automatically cease to be disclosed. Those who fail to correct their dishonest behavior or fully fulfill their relevant obligations after the maximum public notice period has expired will be dealt with in accordance with the relevant regulations of the industrys competent authority.

E-mini Dow Jones Industrial Average (YM) Futures Technical Analysis

Cory Russell

Aug 18, 2022 14:42



August E-mini Early on Thursday, the Dow Jones Industrial Average futures are edging down after the previous session ended their five-day winning run. The price movement indicates that the current boom could be waning.


Deflating Target earnings news caused the blue chip average to fall early in the session on Wednesday. Despite the fact that the stock is not a part of the Dow, the news had a depressing effect on market mood.


A mixed data on U.S. retail sales later in the afternoon failed to excite investors since it increased the likelihood that the Fed will raise interest rates by 75 basis points in September.


However, the transaction was impacted by the Fed minutes. Trading lowered the likelihood of a 75 basis point rate rise and boosted the likelihood of a 50 basis point rate hike since it was seen as less hawkish. The E-mini Dow was able to rise over its intraday low thanks to this.


September E-mini Dow Jones Industrial Average futures are now trading at 33937, down 26 or -0.08%, as of 04:54 GMT. The SPDR Dow Jones Industrial Average ETF (DIA) finished Wednesday's trading session at $340.21, down $1.53 or -0.45%.

Looking Forward

Following the Wednesday Closing Bell, Dow component Cisco increased by more than 3% as a consequence of the publication of its fiscal fourth-quarter earnings. This action may have provided a little floor for the market, but it wasn't noteworthy enough to raise prices.


A deluge of U.S. economic data, including the Philly Fed Manufacturing Index, Weekly Unemployment Claims, Existing Home Sales, and the Conference Board's Leading Index, will be available for traders to respond to later today.


The Philly Fed data may be the most important, particularly if it is far worse than expected, as the Empire State Manufacturing Index was on Monday.


Technically speaking, the Dow may be running a bit too hot, which might give the Fed cause to try to aggressively raise interest rates in an effort to bring it down.

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