• English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
July 14 – The State Council Information Office held a press conference today to introduce my countrys foreign trade performance this year and answer reporters questions. In recent years, China has consistently maintained its position as the worlds largest exporter of sporting goods, accounting for over 40% of global exports. In the first half of the year, my countrys exports of sporting goods and equipment reached 67.53 billion yuan, of which ball sports accounted for 3.08 billion yuan. In the first half of the year, my countrys exports of fitness and rehabilitation equipment such as treadmills reached 26.7 billion yuan, and exports of water sports equipment such as paddleboards reached 4.77 billion yuan. In addition, exports of trendy skateboards, popular among young people, increased by 20.4%. my countrys sporting goods not only maintain a stable market share in traditional markets such as Europe and the United States, but also perform well in emerging markets such as Latin America and Africa. In the first half of the year, my countrys exports of sporting goods to Latin America and Africa increased by 18.9% and 8.1%, respectively.According to the General Administration of Customs, China exported 1.069 million automobiles (including chassis) in June, compared with 988,000 in May.According to the General Administration of Customs, China exported 5.307 million automobiles (including chassis) from January to June.According to the General Administration of Customs, China exported 53.261 million mobile phones in June, compared with 53.436 million in May.According to the General Administration of Customs, China imported 6,261.5 tons of rare earths in June, compared with 6,770.2 tons in May.

S&P 500 Declines Below 3960 As Energy Stocks Pull Back

Jimmy Khan

Nov 21, 2022 14:59

微信截图_20221121145647.png

S&P 500 Is Hurt by Oil Market Decline

S&P 500 retreated toward the 3940 mark as oil and technology stocks declined. The heavily tech-focused NASDAQ Composite fell 0.6%.


Due to the sharp decline in the price of oil, energy stocks have been among the worst-performing sectors of the S&P 500. In today's trading session, the shares of Diamondback Energy, EOG Resources, and Pioneer Natural Resources all decreased by 3 to 4%.


Today's significant pressure on top mega cap firms like Microsoft, Alphabet, Amazon, and Tesla was negative for the S&P 500. As traders proceeded to modify their holdings in response to the most recent earnings report, NVIDIA was down by 3%.


The yield on 2-year Treasuries managed to rebound beyond 4.50% today as Treasury rates increased. Bond traders listened more intently to Fed's Bullard's hawkish remarks than stock traders did. The S&P 500 will come under further pressure if Treasury yields increase quickly.


It should be emphasized that the current downturn is not significant, and markets like utilities, healthcare, and consumer defensive are rising, indicating that the overall positive attitude is still present.