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Trump: Maybe some news on Ukraine-Russia talks by Tuesday.Reuters poll: Bank Indonesia will cut its seven-day reverse repo rate by 25 basis points to 5.50% in the second quarter of 2025 (same as the February survey). 19 of 31 economists believe that Bank Indonesia will keep its seven-day reverse repo rate unchanged at 5.75% on March 19.On March 17, Bank of America Securities released a research report, reaffirming the "buy" rating of Li Auto (02015.HK), and raising the target price from HK$121 to HK$125 due to the new free cash flow forecast. The bank said that Li Auto has good gross profit margin management and strong free cash flow. Taking into account the performance in the fourth quarter of last year, the sales forecast for Li Auto in 2025 and 2026 was lowered by 4% and 3% respectively, and the gross profit margin forecast for this year and next was lowered. In terms of net profit, the bank lowered the Non-GAAP profit forecast for Li Auto in 2025 and 2026 by 7% each.On March 17, the industry reported that Intel recently came to Taiwan to hold the "2025 Superfluid Advanced Cooling Technology Forum" and invited Taiwanese manufacturers to participate, mainly to promote the "superfluid cooling technology" to be launched in 2023. It is pointed out that this technology can currently enhance the heat dissipation capacity of the water cooling plate, which is enough to be used in Nvidias GB300 server with a power consumption of up to 1,400 watts, which may be released at the GTC conference this week.On March 17, UN Secretary-General Guterres issued a statement through his spokesman on the 16th, calling on all parties to "exercise maximum restraint" in Yemen and stop "all military activities". The statement said: "We note with concern that the United States launched multiple attacks on areas controlled by the Houthi armed forces in Yemen overnight, causing casualties. We are also concerned about the continued threat of the Houthi armed forces to resume attacks on ships in the Red Sea." The statement said: "Any further escalation may increase regional tensions and trigger a vicious cycle of retaliation, which will further undermine the stability of Yemen and the region and bring major risks to the countrys already severe humanitarian situation."

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.