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A German government spokesperson stated that tariff threats are unacceptable and that the government is determined to respond to new tariffs with retaliatory tariffs.Pop Mart (09992.HK): On January 19, it repurchased and cancelled 1.4 million shares, costing approximately HK$250 million.Pop Mart (09992.HK): On January 19, 2026, it spent HK$251 million to repurchase 1.4 million shares at a repurchase price of HK$177.7-181.2 per share.On January 19th, according to futures news, both domestic and international cotton spot prices rose last week, with the domestic spot price increasing more than the international price, and the price difference between domestic and international cotton widening slightly. 1. Internationally, the USDAs January supply and demand report at the beginning of the week showed a decrease in global production, an increase in demand, and a decline in ending stocks, indicating an overall bullish adjustment. This, coupled with a weaker dollar and rising grain prices, drove cotton prices higher. However, on Thursday, the US Department of Labor released initial jobless claims data lower than market expectations, increasing the probability of the Federal Reserve maintaining interest rates, leading to a decline in the crude oil market and dragging down cotton prices. In terms of price performance, the ICE cotton futures averaged 64.83 cents/lb, up 0.14 cents/lb from the previous week; in the spot market, the Cotlook A index averaged 74.87 cents/lb, up 0.26 cents/lb from the previous week. 2. Domestically, at the macro level, the central bank signaled further interest rate and reserve requirement ratio cuts, and the State Council emphasized promoting consumption, briefly boosting market sentiment. At the industry level, the speculation surrounding a reduction in Xinjiangs cotton planting area in the new year has gradually been digested. Textile companies have some restocking needs before the Spring Festival, and the weakening orders for fabric mills are showing a tendency to spread to textile companies, thus weakening support for cotton prices. The weekly average price of the China Cotton Price Index (CC Index 3128B) was 15,903 yuan/ton, up 96 yuan/ton from the previous week; the price difference between the weekly average price of Cotlook A (converted to RMB with a 1% tariff) and the weekly average price of the China Cotton Price Index widened significantly by 52 yuan/ton compared to the previous week.January 19th - CIMC Enrics subsidiary, CIMC Saint-Gobain, recently successfully delivered the first batch of four high-standard, customized cryogenic storage tanks for a landmark semiconductor manufacturing project in Europe. This project is not only the first large-scale semiconductor factory built in Europe in nearly two decades, but also marks a new benchmark for CIMC Enric in the field of high-end precision equipment manufacturing, adhering to the stringent EN (European Standard) system.

NASDAQ, S&P 500, Dow Jones Analysis – Stocks Retreat As Traders Focus On Recession Risks

Steven Zhao

Jan 19, 2023 17:42

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S&P 500 (SPX500)

S&P 500 found itself under pressure as traders reacted to the disappointing economic data.


Retail Sales declined by 1.1% month-over-month in December, compared to analyst consensus of -0.8%. Industrial Production declined by 0.7%, while Manufacturing Production decreased by 1.3%. Both reports missed analyst expectations.


The PPI report showed that Producer Prices declined by 0.5% in December. Treasury yields tested multi-month lows, as bond traders bet on a less hawkish Fed.


Lower Treasury yields did not provide any support to stocks as traders focused on recession risks. The pullback was broad, and all market segments moved lower. Consumer Defensive stocks were among the worst performers as Retail Sales data indicated that consumer activity was slowing down.

NASDAQ (NAS100)

NASDAQ  declined towards the 11,450 level amid a broad market sell-off. Leading tech stocks have found themselves under pressure, although Apple and Alphabet were almost flat in today’s trading session.


It should be noted that lower Treasury yields provided some support to the tech-heavy NASDAQ, which outperformed S&P 500 and Dow Jones.

Dow Jones (US30)

Dow Jones remained under strong pressure after yesterday’s sell-off. While Goldman Sachs made an attempt to rebound, other Dow Jones components were moving lower.


Honeywell, IBM, and Coca-Cola were among the biggest losers in the Dow Jones today. Currently, Dow Jones is trying to settle below the 33,500 level. In case this attempt is successful, Dow Jones will move towards the 50 EMA at 33,290.