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Outburst! A large number of demonstrators in Sri Lanka rushed into the presidential and prime minister's palace, and the president and prime minister announced that they would resign! The Russian army advanced to three cities in the Donetsk region! The U.S. stock market will welcome the quarterly test of earnings reports

author:China Securities Journal

Over the weekend, international market news attracted much attention.

According to a comprehensive Xinhua news report and CCTV news report, Sri Lankan media reported on the evening of July 9 that Sri Lankan President Rajapaksa said that he would resign from the presidency on July 13. On July 9, local time, the Luhansk armed forces said that the Russian army advanced to three cities in the Donetsk region; The Ukrainians said they repelled the Russian offensive in multiple directions. On the same day, Ukrainian police seized about $200 million worth of Russian-related assets located in Ukraine. According to the British Ministry of Defense on the 9th, as many as 10,000 Ukrainian military personnel will receive months of military training in the Uk. On July 9, local time, the U.S. State Department issued a statement saying that the United States will provide an additional $400 million in military assistance to Ukraine.

It is worth noting that the three major U.S. stock indexes have all risen this week, and the second quarter earnings season of U.S. stocks will begin next week. Wall Street analysts are generally cautious about the earnings quarterly test.

The Russians advanced to three cities in the Donetsk region

The Ukrainians said they repelled the Russian offensive in multiple directions

On July 9, local time, the Luhansk armed forces said that the Russian army and the Luhansk armed forces were advancing to the three cities of Sheversk, Soledar and Bakhmut in the Donetsk region. On the same day, the Ukrainian army said that the Ukrainian army repelled the Russian attack in many directions that day.

According to the Russian News Agency, on the 9th local time, the head of the internal affairs department of the Luhansk Armed Forces said that the Russian army and the Luhansk armed forces are advancing to the three cities of Sheversk, Soledar and Bakhmut in the Donetsk region.

On the same day, the Russian Ministry of Defense issued a notice saying that the Russian army attacked the Ukrainian army's ammunition depot and military equipment fuel depot, and shot down two Su-25 fighters of the Ukrainian Air Force.

According to the Ukrainian State News Agency, the General Staff of the Ukrainian Armed Forces said on the 9th that the Ukrainian army repelled the Russian attack in the direction of Kharkiv, the direction of Slavyansk in the Donetsk region and the direction of Sheversk on the same day.

Ukraine Channel 24 reported that on the 9th local time, the southern Ukrainian city of Nikolaev was attacked by Russian missiles, and the attack did not cause casualties.

Ukraine recalled its ambassadors to Germany, Norway and India

On July 9, local time, Ukrainian President Zelenskiy recalled The Ukrainian ambassador to Germany, Melnik, and the Ukrainian side did not disclose melnik's whereabouts for the time being.

Melnik has been Ukraine's ambassador to Germany since January 2015. In recent months, Melnik has been harshly critical of the German federal government's hesitation in supplying weapons to Ukraine. In addition, he also made a series of controversial remarks, such as accusations against German Federal President Steinmeier, German Chancellor Scholz, and Ross, chairman of the Foreign Affairs Committee of the German Bundestag, and others, and German politics and society have criticized his radical remarks. Last week, he was widely criticized for his nationalist and anti-Semitic rhetoric, and Ukraine's Foreign Ministry immediately issued a statement saying Mernik's personal remarks did not represent an official position.

In addition to Melnik, Ukraine's ambassadors to Norway, the Czech Republic, Hungary and India have also been recalled, the Ukrainian presidential office said.

Ukrainian police seized Russian-related assets in Ukraine

The total value is about $200 million

On July 9, local time, Ukrainian police seized assets related to Russia in Ukraine with a total value of about $200 million. In addition, the Ukrainian authorities detained 111 train carriages belonging to Russia and Belarus.

Uk Ministry of Defence:

10,000 Ukrainian personnel will receive military training in Britain

Since the outbreak of the Russian-Ukrainian conflict, some Western countries, including the United States and the United Kingdom, have continued to "arch fire", not only providing weapons and equipment to Ukraine, but also conducting military training for Ukrainian troops.

According to the news released by the British Ministry of Defense on July 9 local time, as many as 10,000 Ukrainian military personnel will undergo months of military training in the United Kingdom, and the first Ukrainian military personnel who have received this training have now arrived in the United Kingdom.

According to the British Ministry of Defence, about 1,050 British military personnel are implementing the training program, which is carried out at British military bases in the northwest, southwest and southeast of the United Kingdom, mainly for Ukrainian soldiers with no combat experience, and the British side will also provide uniforms and equipment for the trained Ukrainian army.

Britain has trained 22,000 Ukrainian troops from 2015 to 2022, and since the Russian-Ukrainian conflict, britain has provided ukraine with military support worth about £2.3 billion, according to the Ministry of Defence.

The German Chancellor once again warns of the energy crisis:

The effects may last for years

On July 9, local time, German Chancellor Scholz once again warned about the impact of the energy crisis, saying that the energy shortage problem may affect Germany for several years. Scholz said measures to deal with energy shortages should remain in place even after winter has passed: "We are concerned about the security of energy supply, it is not a matter of days, but of the weeks, months, years to come." ”

Previously, Scholz had warned the public of the need to prepare for long-term high energy prices, and he once again stressed that the German government has taken many measures to deal with energy shortages in a short period of time, and in the long run, Germany aims to achieve independence in the import of oil, coal and natural gas, and expand the share of renewable energy.

Müller, director of the Federal Networks Bureau of Germany's energy regulator, also acknowledged that the crisis will last a long time, and that price fluctuations in the gas market have not yet affected private consumers: "But soon each household will have to spend an extra 2,000 to 3,000 euros a year, and private consumption will be hit hard." "If the German federal government announces that the gas contingency plan enters the third level of alert, the Federal Network Agency will be responsible for the distribution of gas supply, private households and key industries will be protected, and some enterprises and industries will have to accept gas outages."

Voting for the 26th House of Representatives election officially began

At 7 o'clock local time on July 10, the voting for the 26th House of Representatives of Japan officially began. The election will result in a re-election of 124 of the 248 seats in the Senate and a by-election for 1 seat, for a total of 125 seats.

According to Japanese media reports, "high price response plan", "epidemic control and economic recovery" and "diplomacy and defense" are important issues in this election. Voting will close at 20:00 local time.

Sri Lankan President Rajapaksa announced

He will resign on July 13

Sri Lankan media reported on the evening of July 9 that President Rajapaksa has informed Speaker Abbevardna that he will resign as president on July 13.

Earlier in the day, the Sri Lankan Prime Minister's Office issued a statement saying that Sri Lankan Prime Minister Viklamasingha was willing to resign.

The capital of Sri Lanka, Colombo, broke out protests on the 9th. At about 16:00 local time on the 9th, Sri Lankan demonstrators rushed into the Prime Minister's Palace in the capital Colombo. A few hours before that, demonstrators stormed into the presidential residence and the presidential office area. According to local media reports, more than 30 people were injured during the protests. Leaders of Sri Lanka's political parties met that afternoon to demand the resignation of President Rajapaksa and Prime Minister Vikramasingha and the acting of the President in accordance with the Constitution for no more than 30 days.

The Prime Minister of Sri Lanka requested

A new government is formed before the current government steps down

On the evening of July 9, local time, Sri Lankan Prime Minister Ranil Vikramasinghe issued a special statement, saying that the country cannot continue without a government, and that a new government needs to be formed before the current government falls.

The U.S. stock market will welcome the quarterly test of earnings reports

This week, all three major U.S. stock indexes rose. This week, the Dow rose 0.77%, the S&P 500 rose 1.94%, and the NASDAQ rose 4.56%, according to Wind data. It is worth noting that next week, the second quarter earnings season will kick off, and the US stock market will usher in the financial reporting quarterly examination.

Wall Street strategists believe that recession expectations, combined with weak corporate earnings, could send the S&P 500 down by at least 10 percent; But if profit growth is solid and inflation slows, U.S. stocks could rebound to levels they were at the beginning of the year.

According to FactSet data, S&P 500 constituents may increase earnings per share by 4.1% year-on-year in the second quarter, which will be the slowest growth rate since the fourth quarter of 2020. Revenue expectations are slightly more optimistic, with 10.1% year-over-year growth expected, which will mark the sixth consecutive quarter of revenue growth of more than 10%.

UBS Global Wealth Manager said in a report that if the recession causes corporate earnings to fall sharply, the S&P 500 could fall to 3,300 points, down about 31 percent from its January high.

Morgan Stanley strategists said the results release season would be a key test for U.S. stocks after the S&P 500 last week ended its worst half-year performance since 1970.

Goldman Sachs said U.S. stock profits are about to start falling, and if the current trend is followed, the S&P 500 index may fall to 3150 points within the year.

Michael Arone, chief investment strategist at State Street Global, said: "I think the market is preparing for a challenging earnings season, but it's unclear how much volatility this will bring to U.S. stocks. I think companies will lower their guidance and the earnings season will likely be disappointing. ”

Tim Ghriskey, senior portfolio strategy analyst at Ingalls & Snyder in New York, believes that while U.S. public companies may have good second-quarter results, the overall outlook could be very conservative.

Editor: Jianjian Chen, Hongbo Yu

Outburst! A large number of demonstrators in Sri Lanka rushed into the presidential and prime minister's palace, and the president and prime minister announced that they would resign! The Russian army advanced to three cities in the Donetsk region! The U.S. stock market will welcome the quarterly test of earnings reports

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