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July 17th - According to real-time data from Lighthouse Pro, as of 3:10 PM on July 17th, the film "Kung Fu Womens Soccer" has surpassed 1 billion yuan at the box office.On July 17, Senior Colonel Jiang Bin, spokesperson for the Ministry of National Defense, issued a statement regarding recent military-related issues. It was reported that the Philippine Defense Minister recently visited Zhongye Island to participate in activities commemorating the tenth anniversary of the "South China Sea Arbitration Ruling." What is your comment on this? Spokesperson Jiang Bin stated that China has indisputable sovereignty over the Nansha Islands, including Zhongye Island, and their adjacent waters. The Philippine Defense Minister, sanctioned by China, is attempting to demonstrate a so-called "tough stance against China" through political posturing and inciting nationalist sentiment, seeking personal political gain, ultimately harming the fundamental interests of the Philippines and its people. The "South China Sea Arbitration Case" was, from beginning to end, a political farce disguised as law; the so-called "ruling" has absolutely no legal effect. China does not accept, recognize, or accept any claims or actions based on this "ruling." No matter how some people in the Philippines perform, it cannot change the historical and legal fact that the relevant islands and reefs belong to China, nor can it shake the firm resolve of the Chinese military to safeguard national territorial sovereignty and maritime rights.July 17th – At the "Global Governance and Sustainable Development of Artificial Intelligence: Challenges and Responses" forum, a sub-forum of the 2026 World Artificial Intelligence Conference, the upgraded "YiJian" 2.0 ethical review intelligent agent system was launched. Building upon its capabilities in basic research ethical review, "YiJian" 2.0 expands its scope to include artificial intelligence ethical review, focusing on AI applications in medicine. It achieves three major upgrades: knowledge rules, intelligent agent capabilities, and application systems, providing more intelligent, efficient, and standardized support for scientific and technological ethical review.July 17th Futures News: On July 17th, the Shanghai Futures Exchanges energy and chemical warehouse receipts and changes are as follows: 1. Pulp futures warehouse receipts: 312,759 tons, a decrease of 5,074 tons compared to the previous trading day; 2. Pulp futures mill warehouse receipts: 20,000 tons, unchanged compared to the previous trading day; 3. Offset paper futures warehouse receipts: 2,758 tons, unchanged compared to the previous trading day; 4. Offset paper futures mill warehouse receipts: 6,600 tons, a decrease of 40 tons compared to the previous trading day; 5. Fuel oil futures warehouse receipts: 3... 3,660 tons, unchanged from the previous trading day; 6. Petroleum asphalt futures warehouse receipts: 11,290 tons, unchanged from the previous trading day; 7. Petroleum asphalt futures factory warehouse receipts: 20,110 tons, unchanged from the previous trading day; 8. Medium-sulfur crude oil futures warehouse receipts: 2,961,000 barrels, unchanged from the previous trading day; 9. Low-sulfur fuel oil futures warehouse receipts: 0 tons, unchanged from the previous trading day; 10. Low-sulfur fuel oil futures factory warehouse receipts: 0 tons, unchanged from the previous trading day.German semiconductor stocks fell between 3% and 5.6%.

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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