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Hong Kong stocks two major model stocks fluctuated and declined, with MINIMAX-W (00100.HK) and Zhipu (02513.HK) both falling by more than 6%.June 9 - According to the website of the China Maritime Safety Administration, the Beihai Maritime Safety Administration issued a navigation warning that military training will be conducted in parts of the Beibu Gulf from 8:00 to 15:00 daily from June 10 to 12, and vessels are prohibited from entering these areas.Germanys seasonally adjusted industrial production rose 0.4% month-on-month in April, the largest increase since October 2025.Germanys industrial output, adjusted for working days, fell 0.5% year-on-year in April, compared with a previous reading of -2.80%.June 9 – On June 9, Chinese President Xi Jinping and Georgian President Dmitry Kavelashvili exchanged congratulatory messages to celebrate the 34th anniversary of the establishment of diplomatic relations between the two countries. Xi Jinping emphasized that regardless of changes in the international situation, China has always viewed China-Georgia relations from a strategic and long-term perspective. He added, “On this occasion, I would like to jointly announce with President Kavelashvili that China-Georgia relations will be upgraded to a comprehensive strategic partnership. I believe this will open up new prospects for the development of China-Georgia relations, write a new chapter in the traditional friendship between the two countries, inject strong impetus into mutually beneficial cooperation, and create more benefits for the people of China and Georgia.”

Gold Price Forecast: XAU/USD views $1,800 as upbeat US labor market fuels hawkish Fed wagers

Alina Haynes

Mar 09, 2023 13:55

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Gold price (XAU / USD) appears vulnerable above $1,810.00 as the upside appears constrained by rising Federal Reserve rate expectations (Fed). The precious metal is anticipated to resume its decline as strong United States Employment data reported by Automatic Data Processing (ADP) has confirmed that January's strong consumer spending and higher payrolls were not a one-time blow to the Consumer Price Index's decline (CPI).

 

S&P500 futures have given up the slight gains they made on Wednesday during the Asian session. As China's CPI and Producer Price Index (PPI) figures indicate deflation, the risk-aversion theme has intensified. The US Dollar Index (DXY) has maintained a sideways trend above 105.20 as investors await the publication of US Nonfarm Payrolls (NFP) data for fresh direction signals. The alpha provided by 10-year US Treasury bonds has risen above 3.98 percent.

 

The official US Employment data is expected to indicate a decline in the payrolls to 203K from the former release of 514k. A figure of 203K is not as terrible as January's 514K figure, but it appears insignificant in comparison. Investors should be aware that a figure of 514K in the last seven months was exceptional.

 

Aside from that, it is anticipated that the unemployment rate will remain at a multi-decade low of 3.4%. The Average Hourly Earnings are expected to ascend to 4.8% on an annual basis. Household income may increase consumer expenditure. Jerome Powell, the chairman of the Federal Reserve, has already confirmed that the Fed will increase interest rates in order to reduce inflation.


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