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On January 8th, it was learned from industry sources that the Property Insurance Supervision Department of the State Financial Regulatory Commission issued a "Notice on Issuing the Regulations on the Management of Non-Motor Insurance" (Jin Cai Xian Si Han [2025] No. 639) on the last day of 2025, providing answers to various issues in the comprehensive management of non-motor insurance. The State Financial Regulatory Commission stated that non-motor insurance business is diverse and complex, and the comprehensive management of non-motor insurance should be carried out in an orderly manner according to the principles of "legal compliance, seeking truth from facts, establishing before dismantling, and steady progress," striving for practical results. Each financial regulatory bureau should continue to strengthen the comprehensive management of non-motor insurance in its local institutions, implementing it in a detailed and tailored manner while complying with unified regulatory policies. All property insurance companies and insurance intermediaries must fulfill their primary responsibilities.A Bank of England policymakers survey found that in the three months to December, businesses expected their product prices to rise by 3.6% over the next year, down 0.1 percentage points from the three months to November.A Bank of England policymakers survey showed that expectations for wage growth over the next year fell slightly by 0.1 percentage point to 3.7% in the three months to December.On January 8th, CGN Power announced that from January to December 2025, the total power generation of the nuclear power units operated and managed by the group will be approximately 247.013 billion kWh, an increase of 2.00% compared to the same period last year. The total on-grid power generation will be approximately 232.648 billion kWh, an increase of 2.36% compared to the same period last year.On January 8th, Jens Naervig Pedersen, an analyst at Danske Bank, pointed out in a report that the recent strength of the pound appears somewhat excessive, benefiting from improved risk sentiment and easing concerns about UK fiscal policy. He stated, "The UK economy remains fundamentally weak, which we believe could trigger further easing measures from the Bank of England." He added that domestic factors and the gap in growth prospects between the UK and the Eurozone are unfavorable for the pound, especially given the UKs tightening fiscal policy while the Eurozone is benefiting from increased fiscal stimulus. Therefore, he believes there is a high probability that the pound will begin to weaken against the euro from current levels.

E-mini NASDAQ-100 Index: Steep Sell-off Puts 12179.50 on Radar

Skylar Shaw

May 06, 2022 11:10

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June E-mini NASDAQ-100 Index futures are down dramatically late in the session on Thursday, erasing the preceding session's rise in a shocking reversal that extends the market's losses in 2022. The move followed a significant stock market gain on Wednesday, with the NASDAQ Composite cash index rising 3.19 percent.


June E-mini NASDAQ-100 Index futures were trading at 12738.75 at 19:19 GMT, down 792.50 or -5.86 percent. The Invesco QQQ Trust ETF (QQQ) is down $19.08, or -5.79 percent, to $310.52.


Investor concerns that the Federal Reserve's rate rise would not be enough to keep inflation under control, requiring the Fed to become more aggressive, sparked the sell-off.


Large tech stocks were under pressure, with Meta Platforms, which is owned by Facebook, and Amazon falling 5.8% and 7.1 percent, respectively. Microsoft's stock fell 4.7 percent.

Technical Analysis of the Daily Swing Chart

According to the daily swing chart, the major trend is down. The return of the decline will be signaled by a trade through 12709.75. The primary trend will turn to up if 13555.25 is crossed.

13583.75 to 12709.75 is the minor range. The market is now trading below its pivot around 13146.75, which is the closest barrier.

Short-Term Prospects

Trader response to the pivot at 13146.75 will decide the direction of the June E-mini NASDAQ-100 Index into Thursday's closing.

Bearish Prospects

The presence of sellers will be shown by a persistent move below 13146.75. Look for a test of the major bottom around 12709.75 if this develops enough negative momentum.


Taking out 12709.75 might set off a sell-off, with the primary bottom at 12179.50 on March 5, 2021 being the next significant target.

Positive Outlook

Late in the session, overtaking the pivot at 13146.75 will signify the return of buyers. This might result in a price increase from 13555.25 to 13583.75. If this region is broken, an acceleration to the upside is possible, with 13989.25 being the next major upside objective.

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