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August 18th - It was learned today from the National Data Administration that my country is promoting pilot projects for international cooperation in the data field. The first batch of pilot projects will be carried out in 10 locations, including Shanghai, Hainan, Fuzhou, Xiamen, and Quanzhou in Fujian, Changsha in Hunan, Guangzhou, Shenzhen, Hengqin Guangdong-Macao In-Depth Cooperation Zone in Guangdong, and Nanning in Guangxi. The pilot projects will cover six aspects, including data infrastructure, data standards and protocols, and cross-border service ecosystem.The yield on Japans 2-year government bonds fell, dropping 2 basis points to 1.67%.The yield on Japans 5-year government bonds continued its decline, falling 2 basis points to 2.14%.August 18 - According to the Iranian news agency IRNA, Iranian Foreign Minister Araqchi stated: "At the beginning of this war, Trump threatened to force Iran to surrender unconditionally, but Iran did not surrender. When they realized that this delusion could not be achieved, they tried to push for regime change, but failed; then they tried to divide Iran, but failed; they tried to arm various groups in different regions and western provinces, and they also admitted to providing weapons, but that also failed."August 18 – According to the Iranian news agency IRNA, Iranian Foreign Minister Araqchi stated: “As you can see, the enemy pleaded for negotiations shortly after the start of the war. We refused a ceasefire and insisted on fighting until they finally accepted a ceasefire and negotiations on Iranian terms. This history will be recorded in detail. They put forward a multi-term proposal, and we put forward another; they revised it again, and we adjusted accordingly. Finally, they agreed to negotiate on Irans proposal. Only then did Iran accept the ceasefire. Several ambassadors to Iran from different countries have repeatedly told me that almost all the terms of the memorandum of understanding were in Irans favor, with only a small portion in favor of the other side. You also saw that less than two weeks later, they began to violate the memorandum of understanding because all of its contents were in Irans interest. The biggest opponent and obstructor of the implementation of this memorandum has been, and still is, the Zionist regime. I repeat here again – many foreign ministers have told me: Iran has won both the war and diplomacy.”

NASDAQ, S&P 500, Dow Jones Analysis – Stocks Rebound After Yesterday’s Pullback

Cory Russell

Feb 01, 2023 15:25

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S&P 500

S&P 500 gained ground as traders bought stocks after yesterday’s pullback and continued to prepare for the Fed decision, which will be released tomorrow.


It looks that economic data did not have a significant impact on today’s market dynamics. Case-Shiller Index confirmed the slowdown of the housing market, which was not surprising as interest rates remained at high levels. CB Consumer Confidence report missed analyst expectations.


General Motors was among the biggest gainers in the S&P 500 today. The stock was up by 8% as traders reacted to the better-than-expected earnings report.


Ford stock gained 4% as traders bet that the company’s results would also exceed forecasts. Ford will release its earnings report on February 2, after the market close.


Today’s rebound was broad, and all market segments moved higher. Utilities stocks underperformed as demand for safe-haven assets declined.

NASDAQ

NASDAQ moved back above the 12,000 level as tech stocks rebounded after yesterday’s pullback.

Traders should note that tech stocks are especially sensitive to changes in Fed policy outlook, so NASDAQ will be volatile tomorrow, after the release of the Fed decision.


NASDAQ has been moving higher since the beginning of the year as traders bet on a less hawkish Fed. In case Fed’s commentary is too hawkish, NASDAQ will find itself under material pressure.

Dow Jones

Dow Jones also enjoyed strong support in today’s trading session. The sell-off in Caterpillar shares, which declined by 3.5% after the company’s earnings missed expectations, did not hurt the performance of the index.