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The U.S. Federal Aviation Administration announced that it will invest over $750 million to build eight new air traffic control towers and terminal radar approach control (TRACON) facilities to replace existing aging facilities.On May 15th, State Street Managing Director and Head of EMEA Macro Strategy, Tim Graff, stated, "Global equities have been on a sustained upward trend for the past few days. Therefore, I think we are in a phase where this rally is showing signs of fatigue." However, he added that equities remain supported. "I think if anything could trigger a pullback, it would be the movement in the interest rate market and the expectation that inflation may remain above the target levels of many central banks for an extended period, forcing them to potentially tighten policy," he said.On May 15th, Anta Sports (02020.HK) announced on the Hong Kong Stock Exchange that as of May 15, 2026, the company had granted a total of approximately 3.79 million award shares, representing approximately 0.136% of the companys issued shares as of the date of this announcement, to 357 selected employees of the Group (each and collectively referred to as the Grantees), under the "2018 Share Award Scheme (2023 Revised Edition)". Of these, 100,000 award shares were granted to Bi Mingwei, an executive director of the company. The closing price of the shares on the grant date was HK$76.25.The U.S. New York Fed Manufacturing Employment Index for May was 8.3, down from 9.8 in May.The U.S. New York Fed Manufacturing Prices Get Index for May was 31.8, up from 21.8 in the previous month.

WTI advances toward $75.00 as China-related demand optimism offsets recession fears

Daniel Rogers

Jan 09, 2023 11:55

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In the early hours of Monday, WTI steadily climbs near the intraday high of $74.70 as bullish emotion competes with economic slowdown worries. Despite this, the weaker US Dollar and a light schedule allow buyers of black gold to maintain control following Friday's mixed performance.

 

In spite of this, the risk profile remains elevated in light of China's reopening of its borders after a three-year closure. On the same line, Guo Shuqing, party secretary of the People's Bank of China, made his remarks (PBOC).

 

Reuters, transmitting China unlock news, claimed that "about 2 billion journeys are anticipated this season, roughly doubling the volume of previous year, and recovering to 70% of 2019 levels," citing a statement from the Chinese government.

 

On the other side, PBOC's Shuqing stated, "The world's second-largest economy is likely to recover rapidly due to the country's optimal Covid-19 response and the continued implementation of its economic policies."

 

The US Dollar Index (DXY) fell the most in three weeks the day before, down 0.20% intraday to 103.70 as of press time, as the US employment report failed to excite greenback purchasers and the US activity numbers stoked fears of an economic slowdown. It's worth mentioning that the previous day's disappointing US wage growth, ISM Services PMI, and Factory Orders weighed on Treasury bond yields and the DXY.

 

On a different page, reports regarding a delay in the restoration of the colonial pipeline and the Russia-Ukraine conflict appear to also benefit energy buyers. Traders fear additional rate hikes ahead of the release of the Consumer Price Index (CPI) for December from China and the United States on Wednesday and Thursday, respectively, which tests the positive momentum.

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