David Stock

I have more than 10 years of investment experience, good at short-term multiple profits, but also has a medium and long-term layout vision

05/19/2022

Crude oil and gasoline prices fell sharply on Wednesday
The possibility that China will maintain its pandemic blockade is bad for crude oil prices, which are also under pressure from the U.S. plan to ease sanctions on Venezuela, and a decline in global refining capacity has led to tight fuel supplies.

05/18/2022

Cocoa prices mixed as London cogo index falls, pound strengthens
Cocoa prices closed mixed on Tuesday, with New York cocoa climbing to a 1-1/2-week high. Signs of lower cocoa supplies are bullish.

05/17/2022

Cacao prices rise as supply from Ivory Coast decreases
Cocoa prices rose moderately on Monday to a 1-1/2 week high. Signs of lower cocoa supply boost prices
Cocoa prices are also supporting signs of strong global demand for cocoa.

05/16/2022

Japan's 30% of listed companies to post record profits in fiscal 2021

Japan has recently seen a peak in earnings reports from listed companies. Driven by rising resource prices and the depreciation of the yen, 30% of companies achieved the highest profits in fiscal 2021 (ending March 2022), reaching the highest level in about 30 years. In addition to trading companies and shipping companies, large manufacturing companies such as IHI are also maintaining good results. Of the approximately 1,890 listed companies that had reported results as of May 13, about 70% achieved net profit growth, and the percentage of companies that achieved the highest profits was the highest since fiscal 1990 (ending March 1991).
With the high prices of iron ore and coal, all seven major Japanese trading companies recorded the highest profits. Sumitomo Metal Mining also posted the highest profit in 14 years due to higher prices for copper and other products.

05/14/2022

Kashkari: The strength of measures to curb inflation depends largely on the outlook for energy and other supplies

At the Energy and Inflation Conference, co-hosted by the Dallas and Minneapolis Feds, Kashkari said, "I believe my colleagues and I, have the confidence to do what we need to do to bring inflation back down. I hope we'll have to do less, but we can only do less if supply increases."
For most of last year, Fed officials hoped and expected that more supply would come online to ease what was then seen as "temporary" inflation.
But by the end of 2021, it became clear that the supply chain would take longer than expected to get out of the woods, that workers were not returning to the labor market as quickly as expected, and that inflation was intensifying, not cooling.
In March 2022, as the Russia-Ukraine conflict begins to push up global energy prices, the Fed begins to raise interest rates. Fed Chairman Jerome Powell now says he won't count on supply bottlenecks easing, almost promising more sharp rate hikes in the future.

05/13/2022

Malaysia's GDP grows 5% year-on-year in Q1

Malaysia's economy grew faster than expected in the first quarter of this year due to increased activity as restrictions on the epidemic eased.
Malaysia's gross domestic product (GDP) grew 5 percent in the first quarter of this year from a year earlier, a faster rate of growth than market expectations, according to data released Friday by the central bank.
Bank Negara Malaysia said economic growth was driven by a recovery in local demand and employment. Malaysia unexpectedly raised borrowing costs this week to ward off inflationary pressures at a time when the economy appears to be on increasingly solid footing.

05/12/2022

U.S. stocks turn up in early trading, Dow up more than 250 points

Beijing time on the evening of 11, U.S. stocks turned up in early trading on Wednesday, the Dow rose more than 250 points. The U.S. CPI rose 8.3% year-over-year in April over expectations, showing that U.S. inflationary pressures continue to climb has pushed consumers to the brink of collapse, threatening economic growth. Analysts believe the CPI report will allow the Fed to maintain an aggressive policy path of interest rate hikes.
The Dow rose 250.32 points, or 0.78%, to 32,411.06 points; the Nasdaq rose 68.99 points, or 0.59%, to 11,806.66 points; the S&P 500 rose 34.24 points, or 0.86%, to 4,035.29 points.

05/11/2022

Chinese engineers carry the flag to keep Apple's product cycle running amidst epidemic blockage

For the past two years, most U.S.-based Apple engineers have been unable to enter China due to strict border controls imposed by China to prevent the importation of the new crown virus. The release of the new iPhone models was delayed in 2020, but since then, Apple has largely kept up with its annual product cycle due to a focus on localization, people familiar with the matter said.

To keep the product cycle running, Apple's engineers in China have taken on greater responsibility, people familiar with the matter said. This transfer of authority underscores the growing technical expertise of the Chinese workforce. For decades, the Chinese workforce has honed its technical expertise as Apple and other foreign companies have trained generations of engineers and technicians.

05/10/2022

Putin's Victory Day speech "surprises" the West

The Red Square military parade was held at 10:00 a.m. local time (15:00 BST). After Russian Defense Minister Shoigu reviewed the troops, Putin delivered a much-anticipated speech. He remembered the martyrs who died in the Patriotic War, recalled NATO's actions in Ukraine and explained the reasons for the special military operation in the Donbas region.
Putin said the history of the Patriotic War made Russia wary of Na**sm and do everything possible to avoid "the horrors of global war. Moscow has repeatedly tried to reach an agreement on an international security solution, but "the West is not interested in listening to Russia, they have other plans. They are openly preparing to launch another punitive operation against the Donbass region and to invade our historical territories, including Crimea".

05/09/2022

Texas Instruments Eliminates MCU Team in China

On May 7, industry sources confirmed that Texas Instruments has laid off all MCU teams in China and moved all the original MCU product lines to India. According to Aijiwei understanding, TI's MCU research and development team in China is mainly for the MSP430 product line, now part of the team members were laid off, part was merged into the LED DRIVER chip team. Now the domestic MCU circle has begun to crazy "grab people".

05/07/2022

ABB supports Shell's global electric vehicle charging network

ABB e-mobility and Shell are taking their partnership to a new level, bringing flexible and high-quality charging solutions to millions of electric vehicle owners. ABB e-mobility, a leader in electric vehicle charging infrastructure, and Shell have signed a new global framework agreement that will see ABB provide Shell with an end-to-end portfolio of AC and DC charging products. The product portfolio includes AC wall-mounted charging posts for home, workplace and retail installations, as well as the Terra 360 charging post, which is ideal (20.92, -0.75, -3.46%) for gas stations, urban charging stations, mall parking lots and suitable for fleet applications.

05/06/2022

Chile's central bank raises interest rates by 125 basis points

Chile's central bank raised its benchmark interest rate by 125 basis points to 8.25% local time on Thursday, raising rates more than economists had expected in an effort to curb soaring consumer prices and bring inflation expectations back to target levels. The recent evolution of inflation and its short-term outlook is higher than the level forecast by Chile's central bank in its March monetary policy report. "This situation exacerbates inflationary risks," the bank said in a statement Thursday. The bank said that the policy rate is now close to the upper limit of the policy rate corridor implied in its last quarterly report.

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