• English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
January 24 - According to the China Coast Guard, on January 23, the China Coast Guard continued its search and rescue operation for crew members of a capsized foreign cargo ship near Huangyan Island. As of now, four crew members remain missing. The China Coast Guard vessels Dongsha and Sanmen, together with the Philippine Coast Guard vessel 9701, which arrived at the scene that evening, are conducting search and rescue operations in designated areas.On January 24th, Xiaomi Group announced its plan to repurchase no more than HK$2.5 billion worth of its Class B ordinary shares, with the repurchase program officially commencing on January 23rd. Since 2026, major Hong Kong stock market indices have generally maintained a volatile but upward trend, with repurchase amounts exceeding HK$11 billion. Industry leaders have maintained their repurchase pace and intensity; Tencent Holdings, for example, has repurchased over HK$6 billion this year. However, according to statistics, only 108 Hong Kong-listed companies have joined the repurchase program this year, a decrease from 121 in the same period last year, with a more significant reduction in the repurchase amount.The Dow Jones Industrial Average closed down 285.30 points, or 0.58%, at 49,098.71 on Friday, January 23; the S&P 500 rose 2.26 points, or 0.03%, to 6,915.61 on Friday, January 23; and the Nasdaq Composite rose 65.22 points, or 0.28%, to 23,501.24 on Friday, January 23.Ukrainian President Zelensky: It is too early to draw conclusions based on todays discussions.Sources say that protests by contractors have disrupted access roads to the Escondida and Saldivar copper mines in Chile.

NZD/USD falls rapidly from 0.6260 when the RBNZ announces a decline in inflation projections to 3.07 percent

Daniel Rogers

Aug 08, 2022 12:00

 截屏2022-08-08 上午11.52.29.png

 

The NZD/USD pair has encountered selling pressure while attempting to surpass the immediate resistance level of 0.6260. The asset has seen bids after the Reserve Bank of New Zealand (RBNZ) announced inflation estimates at 3.07 percent, down from 3.29 percent previously. It could be an indication of waning price pressure, but additional evidence is still needed to support the argument.

 

Price pressures in the New Zealand economy are increasing and have not yet shown signs of weariness. A June report indicates that an inflation rate of 7.3% is adequate to generate headwinds for families. The RBNZ is consistently escalating its policy tightening measures to combat the same. RBNZ Governor Adrian Orr has already increased the Official Cash Rate by 2.50 percentage points.

 

On the front of the US dollar, the US dollar index (DXY) has returned all intraday gains and is currently trading near the day's open at 106.60. While attempting to break over the crucial resistance level of 106.80, the DXY has encountered selling pressure. This week, investors' attention is centered on Wednesday's release of the US Consumer Price Index (CPI).

 

The annual inflation rate is projected to continue at 8.7 percent, down from 9.1 percent in the previous report. Oil prices have been on a downward trend in July, which may be the determining factor for a significant decline in the price increase index. While the US CPI excluding volatile food and oil prices may increase from 5.9 percent to 6.1 percent, the previous reading was 5.9 percent.