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ASML CFO: The number of high numerical aperture devices shipped globally is only in the single digits, a low level.ASML CFO: The updated financial guidance has taken into account Musks need for TeraFab.On July 15th, Tencent Cloud announced that, to ensure the stability of its MySQL cloud database service, prevent long-term overuse of storage space by local disk instances from impacting resource security, and maintain fairness in resource usage, Tencent Cloud will begin charging for overused storage space on local disk instances of its MySQL cloud database service, starting from 00:00:00 on August 1, 2026 (Beijing time). Overuse of storage space occurring before this date will not be retroactively charged.On July 15th, Zou Lan, spokesperson and vice governor of the Peoples Bank of China (PBOC), stated at a press conference held by the State Council Information Office that the PBOCs various tools effectively offset the RMB 1 trillion liquidity gap caused by factors such as reserve requirement payments and cash injections in the first half of the year. The average overnight money market rate (DR001) for the first six months was 1.31%, indicating overall stable operation. Zou Lan also mentioned that to better meet the short-term liquidity management needs of the banking system and enhance the precision and effectiveness of monetary policy interest rate control, at the end of June, the PBOC added overnight reverse repurchase operations to its open market operations, further enriching its toolbox, and narrowed the range of interest rates for temporary repurchase operations from 70 basis points to 50 basis points. In addition, the PBOC created a repurchase tool for overseas central banks to facilitate RMB liquidity management and RMB bond asset allocation for overseas central banks and similar institutions; the first operation has recently been completed.On July 15th, European Central Bank (ECB) Governing Council member Jean-Claude Nagel stated that the ECB is closely monitoring energy price movements following the renewed escalation of the Middle East conflict and increased geopolitical uncertainty. He noted that the past few weeks have been "full of hope and disappointment." The renewed conflict between the US and Iran underscores the continued instability of the current situation. Nagel stated, "Energy price movements are a key factor in determining the future inflation outlook. Monetary policy will remain highly vigilant." The ECB will hold its policy meeting on July 22nd and 23rd, and will soon enter a pre-meeting quiet period. The market widely expects the bank to maintain interest rates unchanged. However, investors still anticipate policymakers will raise rates again later this year to curb inflationary pressures stemming from the Iranian conflict. Nagel emphasized that borrowing costs are currently at an "appropriate" level following the policy decision made in June. He said, "From a monetary policy perspective, continuing to act cautiously remains prudent, but decisive action will be taken if necessary."

S&P 500 Price Forecast – Markets Look on Edge

Alice Wang

Oct 27, 2022 16:40


Technical Analysis of the S&P 500

Given that both Microsoft and Google missed their earnings projections, it is not surprising that the E-mini S&P 500 contract gapped lower to start the trading day on Wednesday. Additionally, none of them provided great advice, so maybe the market is beginning to reflect reality again. These indexes often follow the performance of the major stock market participants, mostly because they are not equally weighted. After all, the S&P 500 is built to increase depending on all of the favorites, just like other American indexes.


A higher-than-expected GDP figure makes many wonder whether the Fed will really act on what it has been encouraging the market to do for months. On top of that, GDP statistics are due out tomorrow, which may also lead some people to feel a little uneasy. In spite of the fact that hope never dies and no one can really predict where the market will go next in such an emotional environment, it appears as though we are poised for a nice move lower, especially given that Apple will report after the close tomorrow and could add further downward pressure after Microsoft and Google absolutely destroyed the futures overnight.


It's possible that we will travel back into the previous consolidation region, which was so crucial for such a long time, if we break down below the 3800 level. Given that, I believe it's just a matter of time until we fall once again. We may be in for some choppy seas if we add it to the Federal Reserve's interest rate meeting and announcement the following week.

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