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On August 31, the Ministry of Industry and Information Technology (MIIT) – International Telecommunication Union (ITU) High-Level Seminar on "Space for Development" opened in Shanghai. The three-day seminar includes keynote speeches, roundtable discussions, and field visits, focusing on topics such as space services issues discussed at the World Radiocommunication Conference, opportunities for space-ground integrated operations, the large-scale application of the BeiDou Navigation Satellite System, and the integrated development of space and ground systems. The seminar will feature thematic sharing on the ITUs space rules framework and the space service regulatory practices of various countries, and will host several roundtable discussions on topics such as "Space for Development" and "New Challenges in Frequency and Orbit Resource Management." Participants will exchange views on issues such as space governance, frequency and orbit coordination, and industrial empowerment of developing countries.August 31 - According to South Korean media reports, Samsung Electronics is developing an 8-layer seventh-generation high-bandwidth memory (HBM4E) in cooperation with NVIDIA (NVDA.O). This significantly reduces the stacking height compared to the originally planned 12-layer and 16-layer solutions. NVIDIA has proposed a speed specification of 17-18Gbps, which is about 20% higher than the initial 14.4Gbps sample speed of Samsungs HBM4E. This product is reportedly intended for use in NVHBM.The General Staff of the Armed Forces of Ukraine reported that as of 08:00 local time on August 31, a total of 225 firefights had been recorded in the past 24 hours. Of these, 36 enemy attacks occurred in the Pokrovsk direction.A survey released by the Japanese government on Monday, August 31, revealed that a severe labor shortage remains the primary reason Japanese companies are hiring foreign workers. This highlights the Japanese economys reliance on overseas labor, even as Prime Minister Sanae Takaichi seeks to tighten regulations targeting non-Japanese residents. A multi-option survey conducted by the Ministry of Health, Labour and Welfare showed that 68.2% of companies cited alleviating labor shortages as the reason for hiring foreigners. This reason has remained the top choice every year since the survey began in 2023. Approximately 56% of companies stated that they recruit based on the abilities and qualifications of foreign workers; 18% indicated they hoped to promote workplace internationalization. With Japans declining population and aging workforce, companies are increasing their recruitment of foreign workers to fill labor gaps, leading to a significant increase in the number of foreign workers. A report released this month by Teikoku Databank showed that more than half of companies reported a shortage of full-time employees. The survey also revealed that nearly 30% of companies reported an insufficient number of non-regular employees.Japans construction orders fell 13.4% year-on-year in July, compared with 2.3% in the previous month.

The US Stock Market Continues to Pull Back

Skylar Shaw

Apr 02, 2022 11:25

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S&P 500 Technical Analysis

On Friday, the S&P 500 sought to climb in the futures markets but gave back gains, indicating weakness. As a result, the market currently threatens the 4500 level in the futures market, which has previously been a key sector. As a result, it'll be fascinating to watch whether we can pull back much farther, possibly to the 50 Day EMA.


The candlestick's magnitude isn't particularly impressive, but it appears like the 4500 goal I suggested before will be tested. If we break it down further, the 50 Day EMA, which is at the 4400 level, makes a lot of sense, followed by the 200 Day EMA, which is also at that level. 


The market is still highly loud, and I believe it will continue to be so in the future. After all, there are a slew of confusing signals at the present, not least in the bond market, where many traders anticipate we'll see as many as eight interest rate hikes, while others say it's impossible.


Find a reason to go higher, but this is due to the fact that it is unconcerned about the underlying economy. Keep in mind that stock markets are about liquidity more than anything economic. If it were the case, the latest straight-up-in-the-air photo would not have taken place. 


That said, savage rallies are common in bear markets, so, while hope springs eternal, I'll be betting on the downside through options rather than directly in the market.