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June 26 – On June 26, the institutional reform of the Executive Committee of the Hengqin Guangdong-Macao In-Depth Cooperation Zone was officially launched, with the newly established and renamed working bodies fully operational. This round of reform closely adheres to the original mission of serving the moderate diversification of Macaos economy, systematically optimizing and integrating the Executive Committees organizational structure, functional allocation, and boundaries of authority and responsibility, further constructing a scientific, standardized, efficient, and characteristic responsibility framework system for Hengqin.On June 26, Wang Hongzhi, a member of the Party Leadership Group of the National Development and Reform Commission and Director of the National Energy Administration, stated at a press conference held by the State Council Information Office that energy demand will continue to grow during the 15th Five-Year Plan period. We will always prioritize energy security, adhere to a bottom-line mentality and a systematic approach, and focus on three key areas. First, we will ensure the "development" and "reservation" of fossil fuels. Coal is our greatest source of stable energy supply, and we must base our efforts on this national condition to build strong coal bases. For oil and gas, we will increase domestic exploration and development efforts, stabilize oil production, and increase natural gas supply. At the same time, we will strengthen energy reserves, improve the oil and gas reserve system, enhance coal-to-oil and gas production capacity and technology reserves, and improve coal production capacity reserves. Only in this way can we ensure unwavering security. Second, we will significantly increase the supply of non-fossil energy. Third, we will expand our network of energy cooperation partners.June 26 - On the morning of June 26, President Xi Jinping met with Tariq Rahman, Prime Minister of the Peoples Republic of Bangladesh, who was on an official visit to China, at the Great Hall of the People in Beijing.Sources say Iraqs national oil company SOMO has tendered for crude oil shipments in July.U.S. stock index futures continued to decline, with Nasdaq 100 futures falling more than 1%, S&P 500 futures down 0.42%, and Dow Jones futures down 0.08%.

Stocks, bonds, cryptos and gold struggle as yields press higher

Skylar Shaw

Sep 26, 2022 15:01

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The same tendencies in the markets continue, where any rallies in major currencies, commodities, shares, and bonds are quickly followed by down. The US dollar continues to rule the foreign exchange market. Due to growing interest rate forecasts and rising bond rates, investors are now finding it difficult to justify purchasing any risky assets. The FOMC interest rate decision on Wednesday is the center of attention. You may get all the information you need about it HERE. Trading continues to favor selling into assets with little to no yield, such low-dividend equities and gold, amid a climate of increasing interest rates across the board.

 

The US 10-year burst above the 3.5% barrier today to reach its highest level since February 2011, while the 30-year yield touched 3.61%, its highest level since April 2014. These developments came ahead of the Fed's rate announcement.

 

 

Whenever there is a chance for investors to earn money after a relief rally, they seize it. Given all that is going on in the world right now, why would they not? The economic prognosis is still bleak.


Although inflation may have subsided a little, it is still excessive and may continue to rise for a longer period of time than anticipated. This occurred once more this week. US index futures had risen into Monday's close, but they began to decline after the new day in Asia had begun, and the selling persisted until the US cash markets had opened. As increasing interest rate forecasts continue to put pressure on zero-yielding assets, gold and silver plummeted. The former is still under pressure after breaking to a new low for the year below $1680 last week.


In the future, everything will depend on when interest rate increases are fully priced. The stock market won't be able to shine very brilliantly until this takes place. Incoming data, particularly inflation data, largely determines how quickly the markets will price in rate rises.


Given those longer-term lower lows and lower highs, the Dow Jones is still moving down and is comfortably above the market. The 200-day moving average is now heading lower. Resistance is replacing old supports. One such region is the area around 31000, where the index previously made a reversal. But as of right now, this region has turned into resistance, indicating that sellers continue to have complete influence over price activity. From here, the Dow might decline near its summer low in front of a busy week.

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