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On September 18th, it was reported that Indias largest state-owned infrastructure finance institution has approved loans exceeding 30 billion rupees ($313 million) for at least four data centers, reflecting Indias growing push to participate in artificial intelligence (AI) infrastructure development. Rajkiran Rai G., Managing Director of the National Infrastructure and Development Finance Bank (NIDB), stated in an interview that these financing arrangements include a grace period of up to five years, followed by repayment over the next ten years. This demand for loans indicates a growing spending by Indian companies on large projects such as data centers. Global investors, from EQT AB and Blackstone Group to Alphabet Inc., as well as domestic conglomerates like Adani Group, have also committed billions of dollars to building AI computing infrastructure in the country.Goldman Sachs: We now expect total debt issuance by megacities to reach $420 billion in 2027, reflecting an upward revision to our capital expenditure forecast, which is more than 60% higher than our estimate of $250 billion for the whole of 2026.Tencent Wealth Managements current account + 7-day annualized yield ranges from a maximum of 1.4640% to a minimum of 0.7130%. WeChat Pays 7-day annualized yield ranges from a maximum of 1.01600% to a minimum of 0.8620%. Alipays Yuebaos 7-day annualized yield ranges from a maximum of 1.0700% to a minimum of 0.9000%.On September 18th, Futures News reported that the National Development and Reform Commission, the National Energy Administration, and the National Mine Safety Administration jointly issued a notice to accelerate the stable production and supply of coal through multiple measures. The notice stated that all coal-producing provinces (autonomous regions) and coal enterprises should, under the premise of ensuring safety, make every effort to ensure stable coal production and supply, continuously strengthen monitoring and scheduling, optimize production organization, actively and steadily promote the resumption of production at coal mines, accelerate the acceptance of coal mines undergoing joint trial operation, and promote a steady recovery in coal production to provide strong support for economic growth and energy supply. At the same time, the notice also put forward requirements for the signing and fulfillment of medium- and long-term contracts for thermal coal, leveraging the supplementary role of imports, and promoting the construction of successor coal production capacity. Next, relevant departments will strengthen overall coordination, guide all coal-producing provinces (autonomous regions) and coal enterprises to promptly implement various work arrangements, adjust and improve policies and measures, release coal production capacity reserves in a timely manner, and make every effort to stabilize coal production and supply and promote stable market operation.September 18th - The State Council Information Office will hold a press conference on the theme of "Starting the 15th Five-Year Plan" at 10:00 AM on Sunday, September 20th, 2026. Shu Wei, spokesperson and deputy director of the State Administration for Market Regulation, and Yang Sheng, deputy director of the National Medical Products Administration, will introduce the relevant situation regarding promoting high-quality development of market regulation during the 15th Five-Year Plan period and answer questions from reporters.

As investors forecast Eurozone GDP, the EUR/GBP exchange rate fluctuates around 0.8370

Daniel Rogers

Jul 29, 2022 10:59

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The EUR/GBP pair is fluctuating in a narrow range between 0.8366 and 0.8380 in the early Tokyo session. The asset saw a robust buying response on Friday after hitting a fresh three-month low of 0.8346 on Thursday. A buying response often indicates that traders perceived the asset as a value bet and built up sizeable long holdings. On the downside, the cross is displaying indications of fatigue, and a rebound is anticipated close to the round-number resistance level of 0.8400.

 

During today's session, investors will pay close attention to data on the Gross Domestic Product (GDP) of the Eurozone. The market believes that annual economic estimates may drop from 5.4 percent to 3.4 percent. While the quarterly GDP will drop from 0.6 percent in the prior report to 0.2 percent. The shared currency's bullish indication can be destroyed by a repetition of the same event.

 

Consumer attitudes are negatively impacted by growing fears of an energy catastrophe in the eurozone. Natural gas consumption will undoubtedly rise as Winter draws near, which is marked by a rise in energy demand. The eurozone administration is looking for candidates who can fulfill the region's high energy demand, but the search will take some time.

 

Investor focus will shift to the Bank of England's interest rate announcement on the British front (BOE). Interest rates are anticipated to climb further under Governor Andrew Bailey of the Bank of England given that the inflation rate has reached 9.4% and doesn't appear to be nearing its peak. Pricing pressures in the UK are constantly increasing and may soon hit double digits.


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