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According to the National Bureau of Statistics, steel production in December 2025 was 115.31 million tons, a year-on-year decrease of 3.8% and a month-on-month decrease of 0.5%; production from January to December was 1,446.12 million tons, a year-on-year increase of 3.1%.January 19th - Today (January 19th), the Hainan Provincial Information Office held a press conference to introduce the progress of the Hainan Free Trade Ports customs closure in the first month and answer reporters questions. Guan Jirong, Executive Deputy Director of the Hainan Provincial Deepening Reform Office (Free Trade Port Working Committee Office), stated that since the official launch of the island-wide customs closure operation on December 18, 2025, the Hainan Free Trade Port has achieved the expected goals of a smooth start and initial results. Overall, it presents a positive trend of comprehensive policy implementation, smooth and efficient "first-line" operations, stable and orderly "second-line" operations, effective stimulation of vitality, and overall controllable risks.According to the National Bureau of Statistics, pig iron production in December 2025 was 60.72 million tons, a year-on-year decrease of 9.9% and a month-on-month decrease of 2.6%; production from January to December was 836.04 million tons, a year-on-year decrease of 3.0%.According to the National Bureau of Statistics, crude steel production in December 2025 was 68.18 million tons, a year-on-year decrease of 10.3% and a month-on-month decrease of 2.4%; production from January to December was 960.81 million tons, a year-on-year decrease of 4.4%.January 19th - According to data from the National Bureau of Statistics, Chinas total grain output for the year reached 714.88 million tons, an increase of 8.38 million tons, or 1.2%, compared to the previous year. Summer grain output was 149.75 million tons, a decrease of 0.1%; early rice output was 28.51 million tons, an increase of 1.2%; and autumn grain output was 536.62 million tons, an increase of 1.5%. By variety, wheat output was 140.07 million tons, basically unchanged; corn output was 301.24 million tons, an increase of 2.1%; rice output was 209.04 million tons, an increase of 0.7%; and soybean output was 20.91 million tons, an increase of 1.3%. Total pork, beef, mutton, and poultry output for the year reached 100.72 million tons, an increase of 4.2% compared to the previous year, exceeding 100 million tons for the first time. Pork output was 59.38 million tons, an increase of 4.1%; beef output was 8.01 million tons, an increase of 2.8%; mutton output was 4.96 million tons, a decrease of 4.2%; and poultry output was 28.37 million tons, an increase of 6.7%. Milk production reached 40.91 million tons, an increase of 0.3%; poultry egg production reached 34.98 million tons, a decrease of 2.5%. The total number of pigs slaughtered throughout the year was 719.73 million, an increase of 2.4%; the number of pigs in stock at the end of the year was 429.67 million, an increase of 0.5%.

Following the release of UK employment data, the EURGBP maintains a position above the center of 0.8700

Daniel Rogers

Nov 15, 2022 16:53

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During Tuesday's early European session, the EURGBP cross extends yesterday's modest retreat from the 0.8820-0.8830 support zone and crawls lower. Following the announcement of the most current employment data from the United Kingdom, the cross maintains a defensive position in the area of 0.8770-0.8765 with minimal volatility.

 

The UK Office for National Statistics reported that the unemployment rate unexpectedly climbed from 3.5% to 3.6% in the three months preceding September. In addition, the number of individuals claiming unemployment-related benefits decreased by 3,300, as opposed to the average prediction of a decrease of 12,500. However, the disappointment was somewhat by better-than-expected pay growth statistics.

 

In reality, the Average Earnings Excluding Bonuses climbed from 5.5% to 5.7%, above the predicted growth of 5.6%. The data lends credence to market predictions of a further policy tightening by the Bank of England, which is expected to give some support for the British pound. A slight boost in demand for the shared currency, however, works as a tailwind for the EURGBP cross, limiting its downside.

 

Against the backdrop of concerns regarding a more aggressive policy tightening by the European Central Bank (ECB), the introduction of fresh dollar sales bolsters the Euro. Before placing large bearish bets on the EURGBP cross and bracing for bigger intraday losses ahead of the German ZEW Economic Sentiment, this calls for some caution.