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Hong Kong-listed tech stocks continued their decline, with SenseTime (00020.HK) falling over 10%, Baidu (09888.HK) falling over 5%, Alibaba (09988.HK) falling 4.9%, Meituan (03690.HK) falling 4.7%, and Kuaishou (01024.HK) and Bilibili (09626.HK) falling over 4%.On March 2nd, at the launch event for the second-generation XPeng VLA this afternoon, XPeng Motors Chairman He Xiaopeng revealed that large-scale global road testing of the second-generation XPeng VLA is about to begin. Overseas road conditions differ significantly from those in China, with roundabouts, cobblestone roads, irregular intersections, and complex right-of-way rules being key testing areas. Regarding the overseas launch timeline, He Xiaopeng clearly stated the goal: the second-generation XPeng VLA will officially begin global deliveries in 2027, and will be fully operational, directly competing with leading global intelligent driving technologies. He hopes the second-generation VLA will benefit users worldwide. Currently, vehicles equipped with the second-generation VLA are undergoing routine L4 public road testing in Guangzhou, capable of completing complete operation processes such as starting from a standstill, autonomous driving, temporary parking, picking up passengers, and restarting without a driver or map access in the park.Germanys real retail sales rose 1.2% year-on-year in January, down from 3.2% in the previous month.The UK Nationwide house price index rose 0.3% month-on-month in February, below the expected 0.2% and the previous reading of 0.30%.The UKs Nationwide house price index rose 1% year-on-year in February, below the expected 0.70% and the previous reading of 1.00%.

The E-mini Dow Rises Over 33357 and Falls Below 33198

Cameron Murphy

May 05, 2022 10:31


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The June E-mini Dow Jones Industrial Average futures are trending upward just ahead of the US Federal Reserve's monetary policy and interest rate announcements on Wednesday. 


A surge in US Treasury rates, as well as a widely predicted interest-rate hike by the Fed, which might be the largest since 2000, are helping to limit gains.


June E-mini Dow Jones Industrial Average futures are trading at 33161, up 128 points or 0.39 percent, at 17:09 GMT. The SPDR Dow Jones Industrial Average ETF (DIA) is now trading at $332.33, up $1.08 or 0.33 percent from its previous close.

On-Demand Federal Reserve

At 18:00 GMT, the Federal Reserve will deliver its policy statement. Fed members have telegraphed a two-pronged decision that would raise the Fed's short-term target policy rate to a range of 0.75 percent to 1 percent while also kicking off a strategy to reduce the $9 trillion balance sheet.