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According to TASS, citing the Russian Ministry of Defense, Russia has struck a logistics center in the Sumy region of Ukraine.The China Earthquake Networks Center officially reported that a magnitude 2.9 earthquake occurred at 15:21 on August 4 in Haifeng County, Shanwei City, Guangdong Province (23.04 degrees north latitude, 115.42 degrees east longitude), with a focal depth of 10 kilometers.August 4th - Apples annual sales in India surpassed $10 billion for the first time in the last fiscal year, highlighting surging demand for its high-priced electronics and Apples continued expansion of its retail channels in India. Sources familiar with the matter revealed that Apples revenue in India achieved double-digit growth in the 12 months ending March this year, compared to approximately $9 billion in sales the previous year. The sources indicated that the iPhone, Apples flagship product, accounted for the vast majority of sales, while demand for the iPad and MacBook also increased. This previously undisclosed data is a significant boon for Apple in exploring new growth markets. Although the Indian market still represents a relatively small portion of Apples global business, this South Asian nation is gradually becoming one of Apples most important sales regions outside of the United States and China.Market news: Apples annual sales in India have surpassed $10 billion for the first time.On August 4th, when a Russian assault force approached Ukrainian defensive positions on a stretch of the front line east of Donetsk, they encountered an unexpected adversary: a combat robot equipped with a flamethrower. According to the chief engineer of the Ukrainian 93rd Independent Mechanized Brigade, as Russian troops occupied positions near a forested area, the robot began its operation, turning the surrounding dry summer grass into a "sea of fire." Ukrainian machine gun teams then launched an attack, mopping up the surviving attackers. This robot, deployed last August in the "Dobropillia axis," is part of Ukraines expanding unmanned ground vehicle (UGV) force. These vehicles are equipped with a variety of weapons, from rifles to rocket-propelled grenade launchers. Ukraine aims to produce at least 50,000 such robots this year for battlefield use, enhancing the combat effectiveness of human forces confronting Russian troops.

Prediction for Silver Price: XAG/USD falls below $21.60 as USD Index recovers amid global worries

Daniel Rogers

Feb 20, 2023 11:04

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During the Tokyo session, the silver price (XAG/USD) experienced a sharp decline to close to $21.55. The white metal fell like a house of cards as geopolitical tensions intensified the theme of risk aversion. Silver price is predicted to continue its downside momentum as the fears of a comeback in the United States inflation have joined the US-China tensions.

 

The US Dollar Index (DXY) has rallied firmly to approximately 103.70 as the geopolitical tensions-inspired volatility has driven investors to hide behind safe-haven assets. The mood on the market has been dimmed by the US ambassador to China's warnings if Beijing chose to provide lethal military aid to Russia for its invasion of Ukraine. Additionally, three rockets from North Korea on Japan’s Exclusive Economic Zone (EEZ) have poured fuel to the fire.

 

S&P500 futures have extended their losses as the resurgence of inflation fears in the United States has raised warning flags for the upcoming economic recovery. The Federal Reserve (Fed) might continue rising interest rates after a comeback in the prices of goods and services at the factory gates and a revival in consumer spending, expressed by positive Retail Sales statistics. Monday will be a holiday in the United States, so the financial markets will be closed.

 

Thursday's Gross Domestic Product (GDP) report will be closely scrutinized by investors for more advice. It is anticipated that the preliminary annualized GDP for the fourth quarter would remain unchanged at 2.9%.


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