EUR/USD 1.16689
-0.010%
Gold 4266.98
0.973%
Oil 56.946
-0.284%
USD/JPY 150.848
0.247%
GBP/USD 1.34411
0.030%
GBP/JPY 202.761
0.277%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Yoshimura Hirofumi, leader of Japans Restoration Party: We have basically reached an agreement with the Liberal Democratic Party on the conditions for forming a coalition government.On October 20th, NIO founder William Li Bin reiterated at an internal meeting that the company will achieve profitability in the fourth quarter of 2025, listing this goal as his core personal priority for the quarter. Li Bin emphasized that profitability is not achieved solely through cost-cutting, but rather through increased sales and improved operational efficiency. He identified key actions for the fourth quarter as strengthening the marketing of key models, ensuring a stable supply chain and reducing costs, and delivering high-quality software releases on time. Furthermore, NIO will deepen the development of its operational mechanisms and system capabilities across all employees and formulate a three-year operating plan to lay the foundation for long-term development. With the launch of new models, the companys confidence has significantly increased. Li Bin believes that now is the optimal time for training and urges the team to seize the opportunity and go all out to achieve their goals.South Korean President Lee Jae-myung: South Korea will focus on investing in independently developed technologies, components and materials, such as special chips used for national defense.On October 20, Japans National Broadcasting Corporation (NHK) reported, citing sources familiar with the matter, that the Liberal Democratic Party (LDP) and the Japan Restoration Party (JRP) have effectively agreed to form a coalition government. LDP President Sanae Takaichi and JRP leader Hirofumi Yoshimura reached an agreement in a phone call Monday morning. The two leaders will sign the agreement Monday evening, formally forming the coalition government.According to Japan Broadcasting Corporation NHK: Japans Liberal Democratic Party and the Restoration Party have basically agreed to form a coalition government.

S&P 500, Nasdaq 100 Weekly Forecasts – Bond Yields Hammer Equity Sentiment

Skylar Shaw

Apr 25, 2022 10:31

It's going to be a busy week for US firms reporting first-quarter profits, with familiar names like General Electric (GE), Microsoft (MSFT), Ford (F), Twitter (TWTR), Amazon (AMZN), and Apple (APPL) all due to release their latest quarterly financial reports. Netflix (NFLX) and Tesla (TSLA) had drastically contrasting results this week, with Netflix (NFLX) falling over 35% on very low membership numbers and Tesla (TSLA) rising approximately 8% on strong sales and profitability. 


The fact that famed hedge fund billionaire Bill Ackman sold his newly acquired Netflix position for a $400 million loss after the results does not bode well for other stay-at-home tech businesses. The earnings schedule for the next week might be full of surprises.

 

While the small print of firms' balance sheets will be scrutinized next week, the 800-pound monster in the room — US interest rates and government bond yields – will need even greater scrutiny. 


Market expectations for US rate rises have risen to the point that the market is now pricing in the Federal Reserve aggressively front-loading rate hikes, with four 50 basis point raises expected at the next four FOMC meetings. 


The last time the Fed raised interest rates by 50 basis points was in May of 2000. While increased interest rates may help banks make more money, the IT industry, particularly the big names like Apple and Amazon, becomes less tempting as interest rates rise.


After Thursday's bearish engulfing candle erased the preceding three days' gains, the S&P 500 is expected to close the week flat. The 200-day simple moving average behaved as resistance, and the indices are currently trading below all three moving averages (20, 50, and 200), which is still another bad indicator. If support at 4,361 is firmly broken, 4,270 seems to be the next target.

Suggestion