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Li Auto (02015.HK): The company will announce its financial results for the fourth quarter and full year of 2025 on March 12, 2026.On February 27th, Deng Zhiyong, Deputy Director of the State Administration for Market Regulation and Director of the National Standardization Management Committee, introduced at a State Council policy briefing that the next step will be to further address "involutionary" competition with higher requirements and more concrete measures, promote a better combination of an effective market and a capable government, and provide a solid guarantee for the in-depth advancement of the construction of a unified national market and the achievement of high-quality development. Deng Zhiyong stated that in terms of investigating and punishing illegal activities, the State Administration for Market Regulation has focused on regulatory enforcement, conducted cost verification and enforcement inspections in key industries, deployed nine special rectification actions, investigated and handled typical cases of live-streaming e-commerce such as "Chengdu Kuaigou," held talks with major platform companies to urge them to remove "lowest price across the entire network" activities, stopped controversial rules such as "refund only," investigated and handled a series of cases involving "ghost delivery" and "ghost online stores," and increased the exposure of typical cases to create a strong deterrent, achieving the governance effect of "investigating one case, warning a group of companies, and standardizing an industry."The European Central Banks 3-year CPI forecast for the Eurozone in January was 2.6%, down from a forecast of 2.50% and a previous reading of 2.60%.The European Central Banks 1-year CPI forecast for the Eurozone in January was 2.6%, down from a forecast of 2.70% and a previous reading of 2.80%.Germanys seasonally adjusted unemployment rate in February was 6.3%, compared to a forecast of 6.30% and a revised figure of 6.3% for the previous month.

As the BoJ ponders a YCC expansion, EUR/JPY continues to decline, falling below 142.60

Alina Haynes

Apr 06, 2023 11:52

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After plunging below 142.60 during the Asian trading session, the EUR/JPY pair's three-day losing trend was extended. Renewed rumors of an expansion of the Bank of Japan's (BoJ) Yield Curve Control (YCC) are exerting immense pressure on the cross.

 

The Japanese economy is experiencing gradual wage growth, and inflation is expected to respond to recent increases in crude oil prices. Analysts at Wells Fargo believe the BoJ will take advantage of a tactical opportunity to further modify its policy settings in the fourth quarter of 2022, and are inclined toward a meeting in October. They added that this timeframe is optimal for a smooth policy adjustment, as monetary easing from the Federal Reserve (Fed) and other major central banks should alleviate yield pressure.

 

In particular, the Bank of Japan (BoJ) will raise the target yield for 10-year Japanese government bonds (JGBs) from 0% to 0.25% and increase the tolerance interval surrounding this target to +/- 75 basis points.

 

Accelerating PMIs in the Eurozone provide support for the European Central Bank's sustained rate hikes. (ECB). S&P Global reported a Composite PMI of 53.7 on Wednesday, which was higher than the previous release of 52.0 but below expectations of 54.1, the highest level in the past ten months.

 

According to Reuters, S&P Global issued the following statement: "Manufacturing production increased slightly, but the service sector had the greatest impact on March's accelerated growth."

 

Wednesday, ECB policymaker Boris Vuji stated regarding interest rate forecasts, "The majority of the rate-hiking cycle has passed." He added, "We may require additional rate increases to address core inflation."

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