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Hong Kong-listed airline stocks rose amid volatility, with China Eastern Airlines (00670.HK) up over 7% and China Southern Airlines (01055.HK) up over 6%. Air China (00753.HK) and Cathay Pacific (00293.HK) also saw gains.February 4th - Zhu Weidong, Deputy Director of the Central Financial and Economic Affairs Commission and Deputy Director of the Central Rural Work Leading Group, stated at a press conference held by the State Council Information Office on the 4th that this years focus will be on stabilizing farmers income from grain cultivation. The key is to coordinate the use of policies such as pricing, subsidies, and insurance, improve the income protection mechanism for grain farmers, and prevent farmers from suffering losses due to low grain prices. Regarding prices, the government will make good use of policy tools such as minimum purchase prices and target prices, coordinate market-oriented procurement and policy-based storage, and promote the maintenance of reasonable prices for important agricultural products such as grain. Regarding subsidies, the government will maintain the implementation of subsidies for arable land protection, corn and soybean producers, and rice, effectively implement subsidies for agricultural machinery purchases and applications, and encourage local governments to conduct pilot programs for interest subsidies on special loans for grain and oilseed planting, providing farmers with tangible financial support. Regarding insurance, the government will strengthen insurance coverage for rice, wheat, corn, and soybeans, support the development of local specialty agricultural product insurance, improve insurance claims efficiency, effectively prevent natural and market risks, and provide farmers with a "safety belt" for grain cultivation.Petronas, the Malaysian national oil company, has signed a 20-year liquefied natural gas (LNG) supply agreement with Qatar Energy.According to futures news on February 4th, for the week ending January 31st, Japanese commercial crude oil inventories increased by 654,790 kiloliters from the previous week to 9,905,950 kiloliters. Japanese gasoline inventories decreased by 23,192 kiloliters from the previous week to 1,695,734 kiloliters. Japanese kerosene inventories decreased by 126,993 kiloliters from the previous week to 1,803,582 kiloliters. The average operating rate of Japanese refineries was 87.7%, compared to 91.1% the previous week.February 4th - According to Sensor Towers store intelligence platform, 36 Chinese companies were among the top 100 global mobile game publishers in terms of revenue in January 2026, generating a total of $2.18 billion, accounting for 37.8% of the total revenue of the top 100 global mobile game publishers in that period. Tencent, thanks to the strong performance of its flagship products such as "Honor of Kings" and "Peacekeeper Elite," saw its mobile game revenue increase by 43% month-on-month, firmly retaining its title as the worlds highest-grossing mobile game publisher.

Stocks May See a Reversal As a Result of Bleak GDP Data

Cory Russell

Apr 29, 2022 10:22

Fundamental Analysis of the S&P 500 Index

After rebounding from a fresh low of 4,162.90, the broad stock market index recovered 0.21 percent on Wednesday. The S&P 500 index dropped to its local lows of roughly 4,160 in March. 


Despite quarterly corporate profits disclosures, it continued to fall. There is still a lot of uncertainty about the Fed's tightening monetary policy, as well as the Ukraine crisis. 


Following the publication of Facebook's quarterly earnings report yesterday, the S&P 500 index is predicted to start 1.1 percent higher this morning. However, following significantly poorer than anticipated quarterly Advance GDP figures (-1.4 percent vs. estimates of +1.1 percent), the market retraced some of its overnight gains.

Conclusion

Following recent drops, the S&P 500 index varied on Wednesday. The market ended the day higher, although it remained below the 4,200 level. 


The key Advance GDP announcement today came in substantially lower than predicted. We could see a "sell the rumor, buy the news" scenario here. Investors will also be watching for AAPL and AMZN to deliver their quarterly earnings reports today.

The following is a breakdown:


Yesterday, the S&P 500 index stuck below 4,200; it may seem contradictory, but today's worse-than-expected Advance GDP announcement may cause an upward reversal.

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