The numbers tell us how harsh US stocks are. The S & P 500 stock index has closed 14 times so far this year, falling by more than 2% from the previous business day on a closing price basis. Half of the year has just passed, but it’s already in the worst 10 of the last 20 years. The most common was in 2008 at the time of the financial crisis, with 41 times throughout the year. 29 times in 2002 and 28 times in 2009 will follow, and if the current pace continues this year, it will be the worst 3 in history. Below are five news items to keep in mind as you start your day.
Withdraw from the last major base
Ukraine is the last major base in eastern Luhansk OblastLysychans’kWithdrew the army from. “A decision was made to save the lives of Ukrainian soldiers,” the Ukrainian army explained. Earlier, Russian state media reported that Defense Minister Sergei Shoigu had reported to President Putin that Lysychans’k had fallen. This brought Russia one step closer to its goal of controlling the Donbas region, which consists of Lugansk and Donetsk.
Accelerating record default
A real estate development company in ChinaSemo groupAnnounced that it could not redeem the dollar-denominated corporate bond worth 1 billion dollars (about 135 billion yen) on the 3rd date. In a notification to the Hong Kong Stock Exchange on the same day, he reported that the principal of several other offshore corporate bonds could not be redeemed. With the tightening of the real estate industry by Chinese authorities, defaults on Chinese corporate bonds have reached record levels. Concerns over financial soundness have been rising for the Semo Group in recent months.
Can’t be suppressed
New Corona in ChinaInfection spreadIt is continuing. A total of 385 infections were reported on the 2nd. Large-scale testing has confirmed more than 290 infections in eastern Anhui alone. In Hong Kong, Chief Executive Lee said that compulsory inspections for the entire area are not necessary for the time being, but that new infections need to be reduced. In Hong Kong, 1828 new infections were confirmed on the 3rd. In Macau, the first death toll from the new Corona was reported.
Demand destruction
WorldwideFuel costThe surge is beginning to weigh on demand, said Vitol Group, the world’s largest independent oil trading company. “There are very clear signs that rising prices are causing economic stress, and some say it’s disrupting demand,” said Mike Muller, head of Asia for the company. “The refining margin is at a level that no one expected.”
Barrel $ 380
Crude oil prices are $ 380 per barrel if Western sanctions lead to retaliatory production cuts in Russia.stratosphereCan be reached. Analysts at JPMorgan Chase warned. North Sea Brent crude could reach $ 190 if supply is reduced by 3 million barrels a day, and $ 380 in the “stratosphere” in the worst-case scenario of a 5 million barrel reduction. “It is possible that the Russian government will retaliate for production cuts as a means of distressing Western nations,” he said.
Other hot news
Softbank G Fund, April-June value decreased by more than 1 trillion yen-analyst
President Biden to abolish tariffs on China-US Democratic Senator appeals