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According to RIA Novosti: Russian air defense forces destroyed 13 Ukrainian drones at night.On May 4, according to the Japan Meteorological Agency, a 4.1-magnitude earthquake occurred in Tokyo, Japan at around 12:35 local time on the 4th, with a maximum tremor of 2 and a focal depth of 80 kilometers. There is no risk of a tsunami from this earthquake.European Mediterranean Seismological Center: A magnitude 5.4 earthquake occurred in western Texas, with a focal depth of 10 kilometers.On May 4, Musks SpaceX headquarters in southern Texas, Starbase, is about to become an official city. On Saturday local time, a vote to officially register the Starship Base as a Texas autonomous city was passed overwhelmingly. Most of the 283 eligible voters in the area are SpaceX employees. The base is the launch base for SpaceXs cooperative project with the U.S. Department of Defense and NASA, aiming to send astronauts to the moon and even Mars. Musk first proposed the idea of a star base in 2021, and there was no suspense about the approval this time. This victory means a lot to Musk. The billionaires reputation has fallen since he became the "spokesperson" of Trumps federal layoffs plan, and Teslas profits have shrunk significantly. SpaceXs employment and investment in the area have generally been widely supported by local officials. But the proposal to build a city has also attracted criticism, who worry that it will expand Musks personal control over the area and may have the power to close a popular beach and state park for launches.On May 4, according to The Information, Apple (AAPL.O) plans to adjust the release rhythm of its iPhone next year to cope with its increasingly large product line. It is reported that Apples first foldable iPhone is expected to be released in the fall of 2026 with the iPhone 18 Pro series and "Air" series models. At the same time, the standard version of the iPhone 18 will be postponed to the spring of 2027 and released together with the subsequent models of the iPhone 16e. Apples current product line has expanded to six iPhone models. With the addition of foldable models, the company needs to re-plan its product release schedule to ensure that the management and marketing of the product line are more efficient. The report pointed out that Apples first foldable iPhone will adopt a book-like folding form rather than a clamshell design. The screen size of this model is 5.7 inches when folded, and the screen size will be close to 8 inches when unfolded.

AUD / JPY Falls Below 91.50 Despite RBA Rate Increase Prospects

Alina Haynes

Mar 07, 2023 13:41

 AUD:JPY.png

 

The AUD / JPY pair has moved its auction below 91.50 during the early Asian session. The risk barometer is confronting offers while attempting a recovery, and it is anticipated that its decline will continue to around 91.30. Despite increasing likelihood of a hawkish monetary policy from the Reserve Bank of Australia, the cross shows no signs of recovery (RBA).

 

The Consumer Price Index (CPI) for January showed a significant deceleration, but not enough for the RBA to suspend its policy tightening.

 

GDP increased by 0.5% in the fourth quarter, which was less than the consensus estimate of 0.8% and the previous release of 0.7%.

 

Analysts at SocGen believe that "recent signals in the macroeconomic data, such as the decline in inflation, the revival in the unemployment rate, relatively tepid wage growth, and the confirmation of a decline in consumption, all support a 25 basis point increase in March." Despite the markets' more pessimistic view of US Fed policy, they sustain our baseline scenario of a terminal policy rate of 3.85%.

 

, The annualized GDP data indicate that the Japanese economy has expanded by 0.8%, which is 0.8% more than the previous expansion of 0.6%. While it is expected that the quarterly statistics will show a steady growth of0.2%, it is anticipated that the yearly growth rate will be 0.4%.


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