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On June 11th, J&T Express responded to the State Post Bureaus investigation into the company, stating that J&T Express China attaches great importance to the matter, sincerely accepts, and will resolutely comply with and fully cooperate with the relevant authorities in carrying out all investigations in accordance with laws and regulations. J&T emphasized that safe production is a red line that the company cannot cross. J&T China has deeply reflected on its practices in light of important instructions regarding safe production, and deeply feels that as the brand headquarters, it has fallen short in fulfilling its unified management responsibility for safety assurance for some companies operating under the "J&T Express" trademark, trade name, and waybills. The lessons learned are profound. J&T China sincerely accepts supervision.The yield on Japans 5-year government bonds fell 1.5 basis points to 1.920%.The yield on Japans 40-year government bonds rose 3.0 basis points to 3.765%.June 11th - Analysts at BMO Capital Markets stated that some members of the European Central Banks (ECB) Governing Council may be thinking, "Weve waited long enough. Lets act!" And they will indeed act, meaning they will raise interest rates on June 11th. Since the outbreak of the Iran-Iraq war, several other central banks, such as the Reserve Bank of Australia and the Norwegian central bank, have tightened monetary policy. But the ECB will be the first G7 central bank to do so. The ECB previously stated that the Eurozones inflation rate and monetary policy were "in good shape," but now the situation is quite different. Concerns about the duration of the Iran-Iraq war and the sustainability of a potential peace agreement, and how these factors will affect inflation expectations and wage demand, are prompting the ECB to shift towards a tighter policy. Eurozone inflation has not eased since the last meeting. Adding to the woes, the risk of economic stagnation is increasing. The ECB must proceed cautiously, but the risk of further rate hikes remains, potentially as early as July.Local authorities said the fire at the Russian Afipsky oil refinery has been extinguished.

S&P 500 Price Forecast – Stock Markets Give Up Early Gains

Cory Russell

Dec 29, 2022 14:37


Technical Analysis of the S&P 500

Initially attempting to rise during Wednesday's trading session, the S&P 500 eventually gave up gains and lost momentum due to the thin markets' lack of current interest. The 3800 level underneath should be sustained, but if we decline below that, it would be possible to slide considerably lower, maybe as low as the 3700 level.


At this point, rallies ought to be fading, therefore the 3900 level and the 50-Day EMA can serve as a ceiling from which to resume shorting. When signs of fatigue start to surface, they will be pounced on, and I won't think twice about shorting them. Because of this, I believe that the market will continue to be negative, although it's possible that unreliable money managers may attempt to pad their books towards the end of the year. This is a frequent occurrence since they must at least demonstrate to their customers that they possess the "proper stocks."


It appears like Wall Street will sometimes need a reminder that the Federal Reserve is dead serious, which is an issue that the Federal Reserve itself caused by coddling traders for 14 years, so I believe it's just a matter of time until we continue to go lower. In light of this, I am prepared to short this market gradually during rallies and when it begins to show symptoms of tiredness. However, at this time of year, I am not expecting for large swings, so you must see this through the lens of short-term trading.

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