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On January 28th, it was reported that ASMLs market capitalization in Europe took nearly two years to climb from $400 billion to $500 billion, but only two weeks to achieve the next $100 billion increase. ASMLs shares surged as much as 7.5% on Wednesday, reaching €1309 per share, after its fourth-quarter order volume far exceeded analysts expectations. This brought the companys market capitalization to approximately €508 billion ($608 billion). Just this month, the companys market capitalization surpassed $500 billion for the first time, as investors bet that the chipmaker would rush to expand production to meet surging demand for artificial intelligence chips. ASMLs shares have already risen 40% in January, on track for their biggest monthly gain in over two decades.The German Ministry of Economic Affairs announced that the German government has lowered its 2027 GDP growth forecast to 1.3% from 1.4%, and expects the economy to grow by 1.0% in 2026, down from the previous forecast of 1.3%.Freeport-McGen is considering rescheduling its freight schedules as heating demand surges.On January 28th, the 2026 National Conference on Population and Family Development was held in Beijing. Guo Yanhong, member of the Party Leadership Group and Vice Minister of the National Health Commission, attended and addressed the meeting. The meeting noted that in 2025, the National Health Commission, together with relevant departments, implemented the "Several Measures on Accelerating the Improvement of the Fertility Support Policy System and Building a Fertility-Friendly Society," fully implemented the childcare subsidy system, successfully completed the "14th Five-Year Plan" childcare service goals, continuously improved maternal and child health services, and promoted the implementation of fertility support policies. The meeting emphasized that in 2026, it is necessary to fully implement the decisions and deployments of the Party Central Committee and the requirements of the National Health Work Conference, continuously optimize fertility support policies and incentive measures, advocate positive views on marriage and childbearing, continue to implement the childcare subsidy system, vigorously develop inclusive childcare and integrated childcare services, and promote high-quality population development.On January 28th, the Baimajing "Photovoltaic-Storage-Charging" supercharging station in Danzhou, Hainan, officially commenced operation. With a total installed capacity of 8,000 kilowatts, it is currently the largest new energy heavy-duty truck charging station in Hainan Province. According to reports, this supercharging station was jointly invested in by China Southern Power Grid Hainan Electric Vehicle Company and Hainan Susutong Supply Chain Co., Ltd., with an investment of 12 million yuan. It has 40 high-power charging terminals, capable of simultaneously providing full-power charging services for 20 heavy-duty trucks (heavy-duty trucks use two charging terminals at a time to improve charging efficiency). It can serve over 200 vehicles per day, meeting the rapid energy replenishment needs of various new energy vehicle models, including new energy heavy-duty trucks and ordinary passenger cars. The supercharging station adopts integrated "photovoltaic-storage-charging" technology, combining photovoltaic power generation, intelligent energy storage, and high-power supercharging technology, and is expected to contribute to a reduction of approximately 200,000 kilograms of carbon dioxide emissions annually.

0.8450 is being reached by EUR/GBP as the prospect of a UK recession looms

Daniel Rogers

Aug 05, 2022 14:46

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Following a huge upward rise from 0.8360 on Thursday, the EUR/GBP pair has subsequently turned sideways around 0.8430 in the Tokyo session. After the Bank of England (BOE) hiked interest rates by 50 basis points, the cross displayed a significant upward rise (bps) (bps). The BOE lifted interest rates by 50 basis points in succession, bringing them to 1.75 percent.

 

The investing community is aware that UK household earnings have been unsteady during the preceding few months. In addition, the economy's inflation rate is fast expanding. The inflation rate was 9.4 percent prior. The recent statement by BOE Governor Andrew Bailey that price increases might exceed 13 percent has sent shockwaves across the market.

 

The runaway inflation is now escalating, leaving the BOE with very little flexibility to tighten its monetary policy. The BOE is in poor shape as a result of the dismal economic data and the continuing political upheaval following the departure of UK Prime Minister Boris Johnson. A recession in the UK economy is extremely probable in the case that the inflation rate is close to 13 percent.

 

German manufacturing order numbers for the Eurozone have decreased by 0.4 percent against an anticipated 0.8 percent decline and a prior monthly contraction of 0.2 percent. Falling orders from factories indicate sluggish demand in Germany as a whole. It is vital to remember that Germany is a key element of the European Union (EU), and that economic data from Germany has a huge effect on people who favor the common currency.


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