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On March 25th, Zhihu (02390.HK) announced in Hong Kong that its revenue for the full year of 2025 was RMB 2.75 billion, including RMB 644 million in revenue in the fourth quarter; the adjusted net profit for the full year was RMB 37.9 million. This marks the first time Zhihu has achieved full-year non-GAAP profitability.On March 25th, Kingsoft Corporation (03888.HK) announced that its revenue for the fourth quarter of 2025 was RMB 2.618 billion, a year-on-year decrease of 6% and a quarter-on-quarter increase of 8%. Revenue from office software and services, online games, and others accounted for 67% and 33% of the Groups total revenue in the fourth quarter of 2025, respectively. Revenue from office software and services in the fourth quarter of 2025 was RMB 1.75 billion, a year-on-year increase of 17% and a quarter-on-quarter increase of 15%. The Board of Directors recommends a final dividend of HK$0.13 per share for the year ended December 31, 2025 (2024: HK$0.15 per share).Northern Mining (00433.HK): All conditions precedent to the very substantial disposal have been duly satisfied, and completion was achieved on March 25, 2026.Switzerlands ZEW Economic Situation Index for March was 2.5, compared to -2.5 in the previous month.On March 25, European Central Bank (ECB) President Christine Lagarde stated that the ECB could raise interest rates as early as April if the inflationary shock triggered by the war with Iran spirals out of control. Speaking at a conference, Lagarde said, "We are prepared to adjust our policy at any meeting if necessary." However, she emphasized that it is "too early" to make any decisions on interest rates, as policymakers still need to "assess the nature, scale, and persistence of the expected sharp rise in inflation caused by rising energy prices." Lagarde told central bank observers at the conference that the impact of the conflict is not yet sufficient to prompt immediate action from the ECB. She stated, "If the current energy market shock can be contained, its impact on overall inflation is likely to be limited." She stressed that central bank officials "cannot lower energy prices," but must pay attention to their impact on "comprehensive" inflation and "second-round effects through wages and inflation expectations."

Edging Higher as Investors Digest Jobs Data

Jimmy Khan

Jul 11, 2022 15:22

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The tech-weighted index is on track to have its greatest performance since early November if it advances for a fifth consecutive session.


As investors processed Friday's U.S. Non-Farm Payrolls data, the September E-mini NASDAQ-100 Index futures were slightly higher late in the day.


Investors are also preparing for the US consumer inflation data due out next week. The tech-weighted index is poised to end up for a fifth consecutive session, which would be its best showing since early November, despite Friday's poor trading.


September E-mini NASDAQ-100 Index futures are now trading at 12163.25, up 24.75 or +0.20 percent, as of 19:00 GMT. The S&P 500 Trust ETF (GLD) is down $0.28 or 0.07 percent, trading at $388.71.


According to a Reuters survey of experts, the Labor Department's eagerly anticipated report revealed Non-Farm Payrolls grew by 372,000 jobs in June, greater than the gain of 268,000 expected. The survey also revealed that average hourly wages increased by 0.3 percent after increasing by 0.4 percent in May, while the unemployment rate held steady at 3.6 percent, close to pre-pandemic lows.


The price movement indicates that investors have factored in the widely anticipated 75-basis point rate rise by the Fed on July 27. Gains are, however, being constrained by usually anxious traders who are fixated on analyzing every new piece of data as it is revealed. The US Consumer Inflation (CPI) data is due out on Wednesday. Due to the increase in fuel prices in June, a good start is anticipated.


Short-Term Outlook The September E-min NASDAQ-100 Index's movement into Friday's close will probably depend on how traders respond to the short-term 50 percent mark at 12021.00.