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On September 17, Russian Foreign Minister Sergey Lavrov stated at a social event that dialogue with the United States has not yielded any substantial results for Russia, and is not expected to. On September 5 and 6, US Presidential Envoy Witkov and Trumps son-in-law Jared Kushner visited Russia and Ukraine respectively, presenting a so-called "peace plan" to mediate the Russia-Ukraine conflict. The Russian and US leaders held a one-hour phone call on September 8, with both sides positively evaluating the results of the US envoys shuttle mediation. However, according to an interview released earlier on September 8, Lavrov revealed that the two core sticking points that have been hindering a complete end to the Russia-Ukraine conflict remain unresolved.On September 17th, the General Office of the State Council issued the "Opinions on Further Strengthening the Safety Supervision of the Entire Chain of Fireworks and Firecrackers," outlining measures to prevent and mitigate major safety risks and effectively curb accidents. The "Opinions" propose a series of specific measures to strengthen the safety supervision of the entire chain of fireworks and firecrackers, including production, storage, operation, transportation, and setting off. In the production stage, strict approval procedures for production enterprise access permits will be enforced, and the control of drugs and semi-finished products used in fireworks and firecrackers production will be strengthened to strictly control safety risks during the production process. The "Opinions" emphasize strengthening the quality and safety supervision of fireworks and firecrackers products, promoting product quality upgrades, conducting product quality supervision and spot checks in accordance with the law, and strictly prohibiting the production and operation of products that do not meet national standards, such as those exceeding drug dosage or specifications. The "Opinions" also emphasize strengthening the implementation and improvement of standards, enhancing the construction of the safety production standard system, leveraging the rigid binding role of mandatory standards, and promoting the comprehensive compliance of equipment and facilities in fireworks and firecracker enterprises. Finally, the "Opinions" stress strict enforcement of safety supervision, strengthening the connection between administrative and criminal law, strengthening in-depth investigation, tracing, and coordination throughout the entire chain, and severely cracking down on illegal activities.Market news: French President Macron will convene a meeting of leaders of political parties at 10:30 a.m. local time on Friday (4:30 p.m. Beijing time).Türkiyes Ministry of Defense condemned the Houthi drone attacks on Saudi Arabia, saying the threat undermines regional stability. The Houthi threat in the Red Sea and the Bab el-Mandeb Strait is harming global maritime trade.On September 17th, at the "2026 National Cybersecurity Awareness Week - Electronic Product Information Erasure Sub-Forum" held in Jinan, Shandong on September 15th, three cybersecurity standard practice guidelines—the "Technical Guidelines for Erasing Semiconductor Storage Media Blocks," the "Management Guidelines for Information Erasure in the Electronic Product Recycling Process," and the "Technical Guidelines for Information Erasure in Mobile Smart Terminals"—were officially released to the public. These guidelines were developed to support the implementation of the mandatory national standard GB 46864-2025 "Data Security Technology - Technical Requirements for Information Erasure in Electronic Products" and to guide and standardize electronic product information erasure activities. Under the guidance of the Cyberspace Administration of China, the Ministry of Industry and Information Technology, and other departments, the Secretariat of the National Cybersecurity Standardization Technical Committee organized more than 30 memory chip manufacturers, electronic product manufacturers, recycling operators, and third-party organizations to compile these three cybersecurity standard practice guidelines.

S&P 500 Breaks The Four-Day Losing Streak

Lorna Divakar

Dec 21, 2022 16:09



Following the sharp pullback, traders begin buying stocks, causing the S&P 500 to recover.


Following a significant drop, traders are continuing to purchase equities, pushing the S&P 500 towards session highs. Today's trading session saw a 0.2% increase in the NASDAQ Composite.


The BoJ's move to expand its authority over the yield curve is the day's key event. The BoJ raised the limit on the yield on 10-year government bonds from 0.25% to 0.5%.


This choice resulted in a significant decline in the USD/JPY exchange rate and the price of Japanese government bonds. The BoJ judgment had an effect on other nations as well, as rates rose in numerous markets.


The yield on 10-year Treasuries in the United States increased approaching 3.70%, which was negative for yield-sensitive tech companies, even if they managed to advance in today's trading session.


Traders are still concerned that Elon Musk's concentration on Twitter would harm Tesla, which is why Tesla is the largest decline in the S&P 500 today. Tesla shares received little help from recent claims that Elon Musk was actively looking for a new Twitter CEO.


Despite exceeding analyst sales and profit projections, General Mills is down 4%. It seems that traders had larger expectations than predicted by experts.


Stocks of basic materials increased today as precious metals markets saw solid support.