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On May 19, Xiaomi announced today that it will hold a Xiaomi strategic new product launch conference at 7 pm on May 22. At that time, Xiaomi will launch the new mobile phone SoC chip Xuanjie O1, the new flagship Xiaomi 15S Pro and Xiaomi Tablet 7 Ultra, as well as the new Xiaomi YU7, Xiaomis first SUV.On May 19, by the location of business units, in April, the retail sales of consumer goods in urban areas was 3237.6 billion yuan, a year-on-year increase of 5.2%; the retail sales of consumer goods in rural areas was 479.8 billion yuan, an increase of 4.7%. From January to April, the retail sales of consumer goods in urban areas was 14043.3 billion yuan, an increase of 4.7%; the retail sales of consumer goods in rural areas was 2141.2 billion yuan, an increase of 4.8%. By consumption type, in April, the retail sales of goods was 3300.7 billion yuan, a year-on-year increase of 5.1%; catering revenue was 416.7 billion yuan, an increase of 5.2%. From January to April, the retail sales of goods was 14365.1 billion yuan, an increase of 4.7%; catering revenue was 1819.4 billion yuan, an increase of 4.8%. By retail formats, from January to April, the retail sales of convenience stores, specialty stores, supermarkets, department stores and brand stores in retail units above the limit increased by 9.1%, 6.4%, 5.2%, 1.7% and 1.4% year-on-year respectively.On May 19, from January to April, the sales area of new commercial housing was 282.62 million square meters, a year-on-year decrease of 2.8%, and the decline was narrowed by 0.2 percentage points compared with January to March; among them, the sales area of residential housing decreased by 2.1%. The sales of new commercial housing was 2703.5 billion yuan, a decrease of 3.2%; among them, the sales of residential housing decreased by 1.9%. At the end of April, the area of commercial housing for sale was 781.42 million square meters, a decrease of 5.22 million square meters from the end of March. Among them, the area of residential housing for sale decreased by 4.55 million square meters.According to May 19th news, in April, the total retail sales of consumer goods reached 3717.4 billion yuan, a year-on-year increase of 5.1%. Among them, the retail sales of consumer goods other than automobiles reached 3354.8 billion yuan, an increase of 5.6%. From January to April, the total retail sales of consumer goods reached 16184.5 billion yuan, an increase of 4.7%. Among them, the retail sales of consumer goods other than automobiles reached 14700.5 billion yuan, an increase of 5.2%.Preview: The National Development and Reform Commission is scheduled to hold a May press conference at 10:00 a.m. on May 20 in the conference room on the third floor of the central building of the National Development and Reform Commission.

Due to ECB predictions that are hawkish, the EUR/GBP rises beyond 0.850

Alina Haynes

Jul 21, 2022 11:38

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The EUR/GBP pair has gained gradually after testing the previous inventory distribution area, which is situated in a constrained band of 0.8475 to 0.8495 with less selling pressure. As investors back the shared currency bulls in expectation of a European Central Bank rate hike announcement, the cross is attempting to surge over 0.8500. (ECB).

 

For the first time in eleven years, European Central Bank President Christine Lagarde is set to hike interest rates. The ECB must raise interest rates because European households can no longer tolerate the price pressures, and the Asset Purchase Program (APP) has come to an end. Before enacting a higher rate rise in the future, the ECB could wish to start out by raising interest rates just a little bit.

 

As a consequence of Russian President Vladimir Putin's comments that it is unclear in what condition the Nord Stream 1 equipment will return from repair, the situation around the gas supply from Nord Stream 1 to Europe has become ambiguous in the meantime.

 

Price pressures on the pound's front have continued to be intense due to volatile oil and food costs. The basic Consumer Price Index (CPI) has, however, shown indications of fatigue. The overall inflation rate was 9.4%, above expectations of 9.3% and the most recent figure of 9.1%. The core CPI dropped from the prior figure of 5.9 percent, while it still met forecasts at 5.8 percent.


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