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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.

Markets Gripped by Recession Fears, US CPI in Focus

Skylar Shaw

Jul 13, 2022 16:21

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Tuesday saw a sea of red on the Asian stock market as risk appetite was stifled by concerns about the recession and a resurgent Covid-19 outbreak in China.

 

Prior to the US inflation data and earnings season, Wall Street's major indexes suffered overnight as investors fled to safety. Europe's energy crisis and increased caution in front of important economic data and bank profits are anticipated to cause markets to start lower there.


The dollar index (DXY) reached its greatest levels since 2002 in the currency markets, flexing its safe-haven capabilities. In the meanwhile, prices reached 1.0004 for the first time since December 2002 this morning, bringing the EUR/USD parity fantasy that much closer to reality. When it comes to commodities, gold is still down and unpopular, while demand worries have caused oil prices to decline.


The unease and gloom that permeate the financial markets may drive up the dollar more while driving down stock prices. The next US CPI data on Wednesday may cause a commotion since markets are still very volatile and sensitive to anything related to inflation.


Consumer confidence in Australia fell for the eighth consecutive month in July according to statistics.


Amid rising inflation, impending rises, and global unease, business confidence also fell short of expectations. Later this morning, the ZEW economic confidence poll for Germany will be released. A negative assessment might exacerbate the euro's problems and further devalue the single currency.

The US inflation data is what's important.


Investors are eagerly awaiting the publication of the US inflation data on Wednesday to see if prices are increasing once again or whether we have reached a high. Inflation is predicted to increase 8.8 percent year-over-year in June compared to 8.6 percent in May, according to a Bloomberg survey.

If predictions come true, consumer prices will have risen at the quickest rate since December 1981 when they increased by 8.9 percent. Such a scenario is likely to support market predictions of more aggressive Fed rate rises and eventually give dollar bulls new energy.


On Thursday, it could be a good idea to pay attention to the weekly unemployment claims report in addition to the US inflation statistics. There will also be a flurry of important announcements at the end of the week, including the most recent retail sales, industrial output, and consumer sentiment, all of which will shed light on the state of the US economy.

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