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On August 3rd, Morgan Stanley issued a research report stating that Xiaomi Group (01810.HK) will announce its second-quarter results on August 18th. The report anticipates strong smartphone shipments and gross margin performance, with total quarterly revenue expected to exceed RMB 100 billion and recurring net profit margin reaching approximately RMB 6 billion. According to the latest data from Omdia, Xiaomis second-quarter smartphone shipments reached 31.2 million units, 15% higher than the banks forecast. Benefiting from record-high average selling prices and resilient shipment volumes, the bank expects smartphone gross margins to remain above 8% in the second quarter, primarily reflecting the pass-through effect of rising costs. The bank maintains its "Overweight" rating on Xiaomi with a target price of HKD 32.On August 3rd, it was reported that Lingbo Technology, a embodied intelligence company under Ant Group, has launched its first round of financing, aiming to raise 1.5 billion yuan. The company aims to complete its second round of financing by the end of this year. If completed as scheduled, this financing will break records for the fastest fundraising speed among startups in the embodied intelligence field. Lingbos publicly displayed roadmap over the past year is a globally rare comprehensive layout: Vision, Depth, Mapping, Video, WorldModel, VA, and VLA, covering almost the entire brain chain of robot perception, understanding, and action.Switzerlands July CPI monthly rate will be released in ten minutes.Kia Motors: Global vehicle sales in July reached 298,037 units, up 13.4% year-on-year.Germanys real retail sales fell 1.1% month-on-month in June, compared with a forecast of -0.1% and a revised figure of 1.00% for the previous month (originally 1.10%).

DOGE Requires Weak US Inflation, and Elon Musk Will Return to $0.10

Alina Haynes

Dec 09, 2022 15:16

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It has been a mixed beginning to the day. Today's attitude will be influenced by investor anxiety regarding Twitter's integration intentions and Federal Reserve monetary policy.

 

On Thursday, dogecoin (DOGE) appreciated by 2.92 percent. DOGE concluded the day at $0.0986, partially reversing Wednesday's 4.49% decline. Notably, for the first time in 12 sessions, DOGE failed to revisit $0.10.

 

After a rocky start to the day, DOGE dropped to a low of $0.0948 in the early hours. DOGE surged over the First Major Support Level (S1) at $0.0921 to reach a late-day high of $0.0991. DOGE ended the day below $0.0990 after failing to surpass the First Major Resistance Level (R1) at $0.1004

 

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On Thursday, Shiba inu coin (SHIB) appreciated by 1.98%. SHIB finished the day at $0.00000927, partially reversing Wednesday's loss of 2.15%.

 

A mixed morning caused SHIB to drop to an early low of $0.0000009 per share. SHIB surged to a late-day high of $0.00000933 after avoiding the First Major Support Level (S1) at $0.00000891. Upon encountering the First Major Resistance Level (R1) at $0.00000932, SHIB retreated to close below $0.00000930.

 

Following a volatile morning session, economic indices in the United States provided much-needed support. A slight increase in unemployment claims bolstered the likelihood of a December Fed reversal. The Jobs Report from last week increased uncertainties regarding the next policy step.

 

The NASDAQ Composite Index increased by 1.13 percent, providing support for DOGE and SHIB.

 

The day's gains were capped by the absence of an update from Elon Musk on his plans to resume integrating DOGE onto the Twitter network.

 

Today, the attention will continue on the US economic calendar, as wholesale inflation and consumer confidence are forthcoming. A sudden increase in wholesale inflation might cast doubt on the Fed's pivot theory and cause DOGE and SHIB to reverse.


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