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On January 14th, Jianghua Microelectronics announced that its controlling shareholder, Zibo Xingheng Tusong, is planning a major event that could lead to a change in the companys control. Due to the uncertainty surrounding the transaction, trading in the companys shares will remain suspended from January 13th, 2026, for no more than three trading days. During the suspension period, the company will fulfill its information disclosure obligations based on the progress of the matter.European Central Bank Governing Council member Villeroy: If the budget deficit in 2026 exceeds 5%, France will enter a dangerous zone.On January 14th, Jefferies reported that in December of last year, Kuaishou (01024.HK)s subsidiary, Keling AI, achieved revenue exceeding US$20 million, corresponding to an annualized revenue per share (ARR) of US$240 million, marking another milestone for Keling in just 19 months since its launch. During the same period, Kuaishou launched a series of new models and updates, noting the positive reception of its dynamic control features in overseas markets. The report also believes that while its video generation model is still in its early stages, continued technological breakthroughs and innovations indicate significant revenue growth potential. Jefferies maintains its "Buy" rating on Kuaishou with a target price of HK$106.In a response on the interactive platform, Meansen stated that the company has no cooperation with the Dorgerberg steel plant in Europe.On January 14, Foreign Ministry Spokesperson Mao Ning held a regular press conference. Mao Ning announced that the Chinese government has appointed Ambassador Yan Wenbin as the Special Representative of the Chinese Government for Shanghai Cooperation Organisation (SCO) Affairs and the Chinese National Coordinator for the SCO. Mao Ning stated that this position is an important one created by China to deepen exchanges and cooperation with SCO member states. Ambassador Yan Wenbin has extensive diplomatic experience and is familiar with SCO affairs. He expressed confidence that Ambassador Yan will actively fulfill his duties, maintain close working relationships with the national coordinators of member states, implement the consensus reached by leaders, strengthen organizational building and cooperation, jointly promote regional security, stability, development, and prosperity, and advance the building of a closer SCO community with a shared future.

The Dow Futures Declined After The Best Week Since 1976

Haiden Holmes

Oct 31, 2022 14:37

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U.S. stock futures were trading inside a tight range on Sunday evening after key benchmark averages surged throughout the preceding week, with the Dow scoring its best week in decades as investors continued to monitor a multiplicity of company quarterly releases.


Dow Futures, S&P 500 Futures, and NASDAQ Futures were each down 0.1% at 7:05 p.m. ET (23:05 GMT) on Tuesday.


In the forthcoming week, market participants will concentrate on the Federal Reserve's interest rate decision and policy statement, anticipating another 75 basis point increase. In addition, investors will closely examine Manufacturing and Services PMIs, JOLTs Job Openings, and ADP Nonfarm Employment Change data.


On the earnings front, major corporations like Berkshire Hathaway (NYSE:BRKa), Advanced Micro Devices (NASDAQ:AMD), UBER, PayPal (NASDAQ:PYPL), and ExxonMobil are slated to report data (NYSE:XOM).


During Friday's session, the Dow Jones Industrial Average jumped 828.5 points, or 2.6%, to 32,861.8, while the S&P 500 rose 93.8 points, or 2.5%, to 3,901.1 and the NASDAQ Composite soared 309.8 points, or 2.9%, to 11,862.5. The Dow surged 5.3% for the week, while the S&P500 and NASDAQ also gained 3.7% and 2.2%, respectively.


The yield on 10-year United States Treasuries was 4.016% on the bond markets.