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South Korean presidential advisor: South Korea and the United States are expected to sign a strategic investment memorandum of understanding.November 14th - From January to October, by industry, investment in the primary sector reached 807.5 billion yuan, a year-on-year increase of 2.9%; investment in the secondary sector reached 14,841.1 billion yuan, an increase of 4.8%; and investment in the tertiary sector reached 25,242.9 billion yuan, a decrease of 5.3%. Within the secondary sector, industrial investment increased by 4.9% year-on-year. Specifically, investment in mining increased by 3.8%, manufacturing by 2.7%, and investment in electricity, heat, gas, and water production and supply increased by 12.5%. Within the tertiary sector, infrastructure investment (excluding electricity, heat, gas, and water production and supply) decreased by 0.1% year-on-year. Specifically, investment in pipeline transportation increased by 13.8%, water transportation by 9.4%, and railway transportation by 3.0%. By region, investment in the eastern region decreased by 5.4% year-on-year, investment in the central region decreased by 0.5%, investment in the western region increased by 0.4%, and investment in the northeastern region decreased by 11.7%.November 14th - Raw coal production remained at a high level. In October, the output of raw coal by industrial enterprises above designated size was 410 million tons, a year-on-year decrease of 2.3%; the average daily output was 13.12 million tons. From January to October, the output of raw coal by industrial enterprises above designated size was 3.97 billion tons, a year-on-year increase of 1.5%. Crude oil production maintained growth. In October, the output of crude oil by industrial enterprises above designated size was 18 million tons, a year-on-year increase of 1.3%, with the growth rate slowing by 2.8 percentage points compared to September; the average daily output was 581,000 tons. From January to October, the output of crude oil by industrial enterprises above designated size was 180.64 million tons, a year-on-year increase of 1.7%. Crude oil processing grew steadily. Natural gas production growth slowed. In October, the output of natural gas by industrial enterprises above designated size was 22.1 billion cubic meters, a year-on-year increase of 5.9%, with the growth rate slowing by 3.5 percentage points compared to September; the average daily output was 710 million cubic meters. From January to October, the output of natural gas by industrial enterprises above designated size was 217 billion cubic meters, a year-on-year increase of 6.3%.South Korean presidential advisor: Agrees with the US view that it is necessary to ensure the stability of the foreign exchange market.November 14th - In October, among 623 products from industrial enterprises above designated size, 313 products saw year-on-year growth in output. Specifically, steel production reached 118.64 million tons, down 0.9%; cement production reached 147.75 million tons, down 15.8%; ten non-ferrous metals production reached 6.95 million tons, up 2.9%; ethylene production reached 3.14 million tons, up 11.7%; automobile production reached 3.279 million vehicles, up 11.2%, including 1.71 million new energy vehicles, up 19.3%; electricity generation reached 800.2 billion kilowatt-hours, up 7.9%; and crude oil processing volume reached 63.43 million tons, up 6.4%.

Non-Farm Payrolls Print at +428k vs. +391k Expected, With Unemployment at 3.6 Percent

Jimmy Khan

May 09, 2022 10:49


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The stock market is perhaps the greater issue on many traders' minds this morning. After all, it's been rather dramatic this week, and one of the reasons for the high level of curiosity is the possibility of a huge change.


And, so far, that pattern has continued apace, even through this week's rate boost of 50 basis points.


However, trends do not always price in straight lines, and when a market is over or underweight in one direction too much, a counter-trend move may emerge, as we witnessed surrounding the Fed on Wednesday. However, to the displeasure of bulls, the move was promptly priced-out the next day, raising the risk of an even deeper break.


The S&P 500 is now trading at a major region of support, and the two-week range is impressive.

THE NASDAQ 100

The Nasdaq 100 is a potentially more appealing negative vehicle. High-beta tech stocks typically worsen the performance of the S&P 500's blue chips, which may operate on both sides of the equation, as we witnessed on the way up last year and again this year.


However, as recent events have unraveled, the difference in performance has been noticeable. While the S&P 500 remains above important support levels such as the psychological level of 4000, the Nasdaq 100 has already broken through most of that earlier support structure. Price is still hovering around the Monday low of 12,710. Yesterday, that level was tested and maintained — but sellers are now pressing a third test, and the third test may not be pleasant.

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