EUR/USD 1.14773
0.120%
Gold 4342.33
-0.026%
Oil 92.876
1.353%
USD/JPY 157.455
0.060%
GBP/USD 1.33865
0.150%
GBP/JPY 210.783
0.208%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On September 22, the Hong Kong Stock Exchange (HKEX) continued to advance its listing mechanism reforms and launched a 10-week public consultation. The consultation document disclosed that the reforms involve simplified arrangements for various listed company transactions and spin-off listings. Following the previous phase of listing mechanism reforms targeting new shares, this second phase focuses on ongoing regulatory requirements for issuers after listing, covering three main areas: disclosable transactions, connected transactions, and spin-offs. The new rules aim to make it more flexible and efficient for Hong Kong-listed issuers to conduct significant acquisitions, sales, and spin-offs of subsidiaries. Under the current Hong Kong Stock Exchange Listing Rules, transactions by listed issuers are categorized according to percentages of assets, profits, revenue, and consideration: transactions reaching 5% but less than 25% are classified as "disclosable transactions," requiring only an announcement; transactions reaching 25% but less than 75% (sales) or 100% (acquisitions) are classified as "major transactions," requiring a circular and shareholder approval; larger transactions are categorized into "very substantial acquisitions" and "very substantial sales."September 22nd - According to a Wall Street Journal survey of ten economists, nine expect the Indonesian central bank to keep its benchmark seven-day reverse repo rate unchanged at 5.75% on Wednesday. One economist predicts the central bank will raise rates by 25 basis points to 6.0%. HSBC economists stated in a report that the stability of the Indonesian rupiah may give the central bank room to hold rates steady at its September meeting. However, oil prices, El Niño, and the dollars performance could pose risks to inflation, the fiscal deficit, and the trade balance, and could weaken the rupiah later this year. HSBC expects the next central bank rate hike to occur in the fourth quarter, bringing the benchmark rate to 6.0%.On September 22, the new generation of Qianwen AI hardware made its debut at the Yunqi Conference, including the Qianwen AI Glasses N1 and N1 Pro, and the Qianwen AI clip-on earphones. Online pre-orders for the three new products opened on the same day, and they will be available for immediate purchase on October 13.European Central Bank Chief Economist Lane: We have not yet seen a second wave of inflation. Rising energy prices will push up food prices, and pressure on the service sector should remain under control. The economy will grow at a stable but moderate pace.European Central Bank Chief Economist Lane: Inflation will be higher than expected and will last longer.

As risk aversion grows as measured by the DXY and as attention turns to the US NFP, USD/CHF goes closer to 0.9600

Alina Haynes

Aug 03, 2022 14:51

 截屏2022-08-03 上午9.47.05.png

 

In reaction to the dismal market environment, the US dollar index (DXY) has gained, and the USD/CHF pair is swiftly approaching the key level of 0.9600. After defending Monday's low around 0.9480, the pair had a greater reverse on Tuesday, as the risk-aversion theme strengthened the attraction of the DXY.

 

Following US House Speaker Nancy Pelosi's travel to Taiwan to support Taiwan's local government despite China's wishes, tensions between the US and China have increased. In reaction to the death threats made against Pelosi during her private travel to Taiwan, the US is anticipated to adopt sanctions against China, which encouraged the gloomy market sentiment.

 

In the meanwhile, the DXY has achieved a three-day high of 106.55, although the gain may wane ahead of Friday's US Nonfarm Payrolls (NFP) data. According to market expectations, the U.S. economy added 250,000 jobs to the labor force in July.

 

During a brief period, a number of significant IT companies in the United States abandoned the hiring process, resulting in payroll statistics that multiplied. If the same thing occurs, the Federal Reserve (Fed) will be compelled to speak less about policy rates.

 

On the Swiss franc front, investors anticipate the release of the Consumer Price Index (CPI) numbers. An early estimate of the annual inflation rate places it at 3.5%, little higher than the prior estimate of 3.4%. As a result, the Swiss National Bank (SNB) will be compelled to boost interest rates.


Suggestion