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September 6th - To further enhance the informatization and intelligentization of efforts to prevent telecommunications and online fraud and help the public effectively identify and prevent fraud, the "National Anti-Fraud AI" APP, independently developed by the Shanghai Municipal Public Security Bureau under the guidance of the Criminal Investigation Bureau of the Ministry of Public Security, was officially launched recently. The "National Anti-Fraud AI" APP integrates big data, multimodal models, and intelligent agent technology. Users can input suspicious scenarios through their mobile phones, and the APP can complete risk assessment, identify fraudulent tactics, and push typical cases. It dissects fraud methods from multiple dimensions, including text, voice, and video, and provides identification and prevention strategies.On September 6, the Iranian Islamic Revolutionary Guard Corps (IRGC) issued a statement saying that its navy struck a U.S. unmanned surface vessel attempting to enter Irans "protected zone" in the Strait of Hormuz. This came hours after the U.S. and Iran exchanged military strikes. The IRGC had previously warned all vessels in the Persian Gulf and the Strait of Hormuz not to be deceived by the U.S. military and to avoid conducting any "suspicious activities" in unauthorized routes, or they would become targets. The IRGC has repeatedly emphasized that control and management of the Strait of Hormuz is "solely the responsibility of the IRGC Navy," and any disruption to order in the strait will be met with a firm response.September 6th - This year, AI short dramas have experienced explosive growth: lower technical barriers have led to a surge of practitioners, rapid capacity expansion, and a corresponding drop in production prices. The price per minute for producing AI short dramas has plummeted from 5,000 yuan to a few hundred yuan, nearing cost; however, customized short drama services can still fetch 10,000-20,000 yuan per minute. As production skills are no longer scarce, competition in the AI short drama industry is shifting from quantity and price to content and market share. Data shows that the domestic AI drama and animation market is expected to exceed 40 billion yuan by 2026, a year-on-year growth rate of 138%. The overseas market is also performing exceptionally well, with its size projected to surpass 4 billion US dollars, accounting for nearly 70% of the overall overseas micro-drama market.On September 6th, local time, the European Commission held a press conference on September 4th. A reporter asked how the EU would evaluate Israeli National Security Minister Ben-Gevills plan to expel 1.86 million Palestinians from the Gaza Strip. European Commission spokesperson Christian Wigand stated that the EU opposes any attempt to change the demographic structure or territorial status of the Gaza Strip, and that Gaza residents should not be forcibly displaced. Wigand also stated that the Gaza Strip is an integral part of the future Palestinian state.September 6th - According to reports from the scene of the mudslide disaster in Gaoping Town, Suichuan County, Jian City, Jiangxi Province, as of now, the mudslide and landslide disaster in Mingkeng Village, Gaoping Town has resulted in 3 deaths and 9 people missing.

WTI anticipates further losses below $88, as recession concerns increase and the US ISM PMI is anticipated

Daniel Rogers

Sep 01, 2022 15:29

 截屏2022-06-10 下午5.32.03_1024x576.png

 

Futures for West Texas Intermediate (WTI) on the New York Mercantile Exchange (NYMEX) are on the verge of breaking to the negative from a thin consolidation between $88.54 and 89.32 during the Tokyo session. The asset has abandoned the psychological support of $90.00 as western central banks prepare for a new cycle of rate hikes to combat inflation mayhem.

 

On worldwide markets, price pressures are intensifying. The favored inflation gauge of the European Central Bank (ECB), the Harmonized Index of Consumer Prices (HICP), has surpassed 9% due to surging energy costs.

 

The US economy's inflation rate has shown signs of weariness but continues to hover above 8.5%, which is far above the target rate of 2%. And inflationary pressures wreak the most havoc on the British economy. According to a Citi study, long-term inflation forecasts have skyrocketed to 4.8%, much over the Bank of England's (BOE) target of 2%.

 

Moreover, the dismal Caixin Manufacturing PMI data has contributed to the decline in oil prices. The economic data has been revised down to 49.5, below the consensus estimate of 50.2 and the previous report of 50.4. Notably, China is the greatest importer of oil, and a drop in oil consumption by the largest importer is sufficient to pull the price of black gold down.

 

In addition, the price of black gold has failed to profit on the recent reduction in oil inventories published by the Energy Information Administration (EIA). The oil inventories have decreased by 3,326 million barrels, as opposed to the previously stated decrease of 3,282 million barrels.

 

The US ISM Manufacturing PMI has substantial weight in today's session. The consensus forecast for economic statistics is 52, compared to the previous reading of 52.8. A recurrence of the same will increase the pressure on oil prices as recession fears intensify.

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