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On March 31, the State Administration for Market Regulation released a report on the progress of the 2025 "Quality Certification Improvement Action for Small and Micro Enterprises." According to statistics, a total of 1,816 supporting incentive policies were introduced nationwide, providing approximately 123.5 billion yuan in financial credit support such as "certification loans," and implementing 930 million yuan in fiscal subsidies. 488 certification bodies reduced or waived certification fees by approximately 100 million yuan, provided free training to 722,000 enterprises, provided targeted assistance to over 79,000 enterprises, resolved approximately 48,000 key quality issues, cultivated approximately 138,000 quality management talents, and indirectly created approximately 143,000 new jobs. Small and micro enterprises participating in the improvement action saw an average annual revenue increase of approximately 14.8%, an average profit margin increase of approximately 6.8%, and an average quality cost decrease of approximately 12.2%. Meanwhile, enterprises continued to increase their investment in innovation, with R&D investment as a percentage of revenue increasing by an average of 7.6%.March 31st - Both WTI and Brent crude oil prices continued to decline, falling more than 1% intraday, currently trading at $104.23/barrel and $106.82/barrel respectively. In related news, reports indicate that Trump is willing to end the war while the Taiwan Strait remains closed.March 31 - On March 30, local time, a village on Qeshm Island in southern Iran was attacked by the United States and Israel, resulting in eight deaths. Qeshm Island is Irans largest island and the largest island in the Persian Gulf, located north of the Strait of Hormuz.Japanese Finance Minister Satsuki Katayama: We are prepared to take all necessary measures in the foreign exchange market.Japanese Finance Minister Satsuki Katayama: Foreign exchange rate fluctuations are due to speculation.

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.

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