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On May 27, Liu Guixiang, a deputy ministerial-level full-time member of the Judicial Committee of the Supreme Peoples Court and a second-level grand justice, stated at a press conference held by the State Council Information Office that the peoples courts will make every effort to safeguard national security and social stability. They will punish crimes that endanger national security and public safety, and disrupt the socialist market economy order, in accordance with the law. Adhering to the principles of marketization and the rule of law, they will comprehensively perform their functions of administrative, civil, and criminal adjudication, and prevent and resolve risks in key areas such as finance and real estate.On May 27, the State Council Information Office held a press conference on the theme of "Starting the 15th Five-Year Plan" to introduce the relevant situation of "Promoting the Rule of Law in All Aspects." At the press conference, Miao Shengming, Deputy Procurator-General and Second-Level Senior Procurator of the Supreme Peoples Procuratorate, stated that the procuratorate will severely punish crimes that have drawn strong public condemnation, such as serious violence, gun and explosives-related crimes, organized crime, crimes endangering production safety, and telecommunications and internet fraud, in accordance with the law. Those who should be arrested will be arrested, and those who should be prosecuted will be prosecuted. In particular, the procuratorate will swiftly arrest and prosecute individuals who commit serious and heinous crimes, and severely punish them, thereby more effectively deterring crime and stabilizing public sentiment.On May 27th, the Shanghai Stock Exchange (SSE) announced on May 26th that it had recently co-hosted an online international roadshow event, "Focus on SSE: Brazil Special," with the Brazilian Securities and Futures Exchange. The event attracted over 40 institutions from Brazil, including asset management companies, financial intermediaries, pension funds, and banks. Going forward, under the overall guidance of the China Securities Regulatory Commission (CSRC), the SSE will explore cross-border cooperation with more overseas markets, continuously enrich cross-border investment products, facilitate the allocation of overseas medium- and long-term funds to Chinese assets, and promote greater international investor understanding and investment in China through diverse themed events, enabling them to share in the high-quality development of Chinas capital market.On May 27th, according to the latest data released by the China Index Academy, in April, the total bond financing amount in the real estate industry reached 61.48 billion yuan, a year-on-year increase of 28.8% and a month-on-month increase of 18.5%. Among them, real estate corporate bond financing amounted to 37.48 billion yuan, a year-on-year increase of 2.6% and a month-on-month decrease of 9.1%, accounting for 61%; overseas bond financing amounted to 3.43 billion yuan, accounting for 5.6%; and ABS financing amounted to 20.57 billion yuan, a year-on-year increase of 83.9% and a month-on-month increase of 93.1%, accounting for 33.5%.Goldman Sachs raised its year-end 2026 target for the S&P 500 to 8,000, up from 7,600 previously.

Gold Prices Increase in Response to Inflation Fears And Ukraine Concerns

Charlie Brooks

Apr 08, 2022 09:26

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By 2:13 p.m. ET, spot gold XAU= was up 0.5 percent to $1,934.69 per ounce (1812 GMT). Gold futures in the United States increased by 0.8 percent to $1,937.80.


"Once inflation resumes, which I believe it will, it will work in favor of gold, even in the face of the Fed's aggressive monetary policy," Jim Wycoff, senior analyst at Kitco Metals, said.


The Fed's March meeting minutes revealed growing anxiety among officials that inflation had spread across the economy, with "many" members preparing to hike interest rates in large 50-basis-point increments in the coming sessions. 


Rising interest rates in the United States raise the potential cost of bullion holdings while strengthening the currency.


The dollar index =USD eased off a near two-year high reached earlier in the day, while benchmark US 10-year Treasury rates likewise remained around a multi-year high reached on Wednesday. 


Ukraine has increased its requests for crushing financial penalties to compel Moscow to terminate the conflict, while NATO nations have decided to bolster their support for Kyiv. 


Wall Street's major indexes sank for the third consecutive day, as growth stocks extended losses on worries about a more hawkish Federal Reserve and the Ukraine crisis.


Palladium XPD= increased by up to 3.7 percent to about $2,278 per ounce.


"Palladium has historically been quite volatile. Today's focus is on recouping some of yesterday's losses, "Miguel Perez-Santalla, Heraeus Metals Management's head of trading, sales, and marketing in New York, concurred. (Entire Story)


Russia produces between 25% and 30% of the world's palladium, a metal used by manufacturers to decrease pollution from engine exhausts.


Silver XAG= increased 0.6 percent to $24.58 per ounce, while platinum XPT= increased 0.9 percent to $961.53.