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On April 27, five departments—the Ministry of Industry and Information Technology, the Ministry of Ecology and Environment, the Ministry of Transport, the Ministry of Commerce, and the State Administration for Market Regulation—jointly issued a "Notice on Launching a Joint Enforcement Campaign to Regulate the Recycling and Utilization of Used Power Batteries for New Energy Vehicles" to strengthen supervision and management of the recycling and utilization of used power batteries for new energy vehicles and promote the scientific and standardized recycling and utilization of these batteries. To implement the work plan outlined in the "Action Plan" and in accordance with the joint departmental regulations of the "Interim Measures for the Management of the Recycling and Comprehensive Utilization of Used Power Batteries for New Energy Vehicles," the "Notice" focuses on the prominent issues facing the recycling and utilization of used power batteries for new energy vehicles, taking the improvement of a collaborative supervision mechanism as a key measure to strengthen the supervision of the entire chain, and is an important step in regulating industry order.On April 27, the draft Law on Farmland Protection and Quality Improvement was submitted to the Standing Committee of the National Peoples Congress for its second review. The second draft further strengthens the relevant provisions on farmland protection and quality improvement. The draft adds provisions stipulating that the state will take measures to fully mobilize the enthusiasm of agricultural producers and operators in farmland protection and quality improvement, and safeguard their legitimate rights and interests. The draft also adds provisions that the state will improve the farmland quality survey and evaluation system, establish unified farmland quality evaluation methods, standards, and indicators, and establish and improve a farmland quality monitoring network system. Furthermore, the draft adds provisions to improve the project approval mechanism for high-standard farmland, clarify that the construction of high-standard farmland should follow the principle of adapting to local conditions, and simultaneously incorporate the management and maintenance of high-standard farmland into the national high-standard farmland database.On April 27th, the Ministry of Commerce, the Publicity Department of the Central Committee of the Communist Party of China, the Ministry of Culture and Tourism, the State Administration for Market Regulation, the General Administration of Sport, and the State Administration of Traditional Chinese Medicine jointly launched the "Originating from China, Benefiting the World: Pilot Program for the Integrated Development of Traditional Chinese Medicine Service Consumption and Trade in Services," designating 18 regions as pilot areas. According to the work plan, over the next three years, these pilot areas will conduct pilot programs in areas such as TCM cultural exchange, promotion of TCM tourism routes, TCM health and wellness services, dietary therapy and medicinal cuisine services, and TCM sports services. They will address the multi-level needs of the international health and wellness market, providing high-quality and diversified TCM health service packages and consumption scenarios, thereby promoting the coordinated development of TCM service consumption and trade in services, and contributing Chinese wisdom and solutions to building a global community of health for all.Deutsche Bank raised its price target for Procter & Gamble (PG.N) from $162 to $163.Deutsche Bank raised its target price for Airbnb (ABNB.O) from $154 to $164.

S&P 500 Price Forecast – Stock Markets Continue to Hover

Skylar Shaw

Jan 11, 2023 15:04

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Technical Analysis of the S&P 500

During Tuesday's trading session, the E-mini S&P 500 contract slightly declined and fell below the 50-Day EMA as Jerome Powell took the podium to deliver a speech. Given that not much changed after his speech, it is perhaps not shocking to see that the market has reversed course and returned to its previous level. The issue of whether or not we can hold onto this region is very different, and it is fairly probable that the Thursday session will be far more significant since the CPI statistics will be out during that session.


You need to pay great attention to those data because they are significant at a time when the globe is still concerned about inflation. In the end, the market will continue to oscillate a lot, but for now, the 200-Day EMA, which is now at the 4000 level, is sandwiched between the 50-Day EMA and the 200-Day EMA signs. I feel that we should "fade the rallies," but because there has likely been a lot of loud activity in the meantime, I do believe that it will likely not be long before we must make a more significant choice.


Nevertheless, do not undervalue Wall Street's capacity for seeing the positive side of any situation. However, sooner or later, the wise money will arrive and put everyone on the defensive. The 200-Day EMA and the 4000 level are slightly above us, and we are also in a well defined channel.

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