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Japans tertiary industry activity index in January was -0.3% month-on-month, in line with expectations of -0.1% and the previous value of 0.10%.On March 18, Xtep International (01368.HK) announced at noon that the groups revenue from continuing operations will increase by 6.5% to 13.5772 billion yuan in 2024, with a gross profit margin of 43.2%. The groups operating profit from continuing operations increased by 9.3% to 1.9655 billion yuan. The profit attributable to the companys ordinary shareholders reached 1.2384 billion yuan, an increase of 20.2%.According to news on March 18, in February, the total electricity consumption of the whole society was 743.4 billion kWh, an increase of 8.6% year-on-year. In terms of electricity consumption by industry, the electricity consumption of the primary industry was 9.8 billion kWh, an increase of 10.2% year-on-year; the electricity consumption of the secondary industry was 462.4 billion kWh, an increase of 12.4% year-on-year; the electricity consumption of the tertiary industry was 142 billion kWh, an increase of 9.7% year-on-year; the electricity consumption of urban and rural residents was 129.2 billion kWh, a decrease of 4.2% year-on-year. From January to February, the total electricity consumption of the whole society was 1556.4 billion kWh, an increase of 1.3% year-on-year, of which the power generation of industrial enterprises above designated size was 1492.1 billion kWh. In terms of electricity consumption by industry, the electricity consumption of the primary industry was 20.8 billion kWh, an increase of 8.2% year-on-year; the electricity consumption of the secondary industry was 963.6 billion kWh, an increase of 0.9% year-on-year; the electricity consumption of the tertiary industry was 298 billion kWh, an increase of 3.6% year-on-year; the electricity consumption of urban and rural residents was 274 billion kWh, an increase of 0.1% year-on-year.National Energy Administration: In February, the total electricity consumption of the whole society was 743.4 billion kWh, an increase of 8.6% year-on-year.The Hong Kong stock share price of Cheung Kong Holdings (00001.HK) continued to fall and is now down nearly 5%.

S&P 500 Price Forecast — Stock Markets Wait for Jackson Hole Results

Alice Wang

Aug 25, 2022 15:20

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Technical Analysis of the S&P 500

During the trading session on Wednesday, the S&P 500 briefly declined, but soon began to rebound. The market seems to be attempting to establish a little short-term basis at this time. Therefore, the Jackson Hole Symposium and of course Jerome Powell's address on Friday are expected to be closely watched by the market.


Currently, we are trading above the 50-day EMA and below the 200-day EMA. Since we are squeezed between these two moving averages, it is possible that we will have an explosive move at some point in the future. In the end, the market is trying to determine if the Federal Reserve will start acting aggressively tight or whether it will keep feeding the Wall Street speculators. Looking at this chart, it is clear that the market will likely remain volatile. It is also important to note that we just had a significant decline, so we may need to take a little break.


The chance of a move down to the 4000 level in the E-mini contract, and maybe much lower, arises if we were to break down below the 50-day EMA. Currently, we are attempting to determine if the market is attempting to enter a period of bull market activity or whether we have just corrected the overall image of a downturn. In all likelihood, the next several days will be quiet until we see how the speech was received. It's also important to keep in mind that Wall Street often makes mistakes on the first day before reversing sharply the next day.

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