EUR/USD
1.16223
0.203%
Gold
4667.30
1.865%
Oil
58.713
-0.921%
USD/JPY
158.014
-0.037%
GBP/USD
1.34041
0.183%
GBP/JPY
211.807
0.145%
Real-time News
On January 19th, Hongbai New Materials announced that it expects to achieve a net profit attributable to owners of the parent company of -150 million yuan to -110 million yuan in 2025. It also expects to achieve a net profit attributable to owners of the parent company after deducting non-recurring gains and losses of -165 million yuan to -120 million yuan in 2025. The main reasons for the companys poor operating performance during the reporting period are as follows: First, the imbalance between supply and demand in the upstream and downstream of the industry has not improved, and industry competition remains fierce. Although the sales volume of the companys main products has achieved steady year-on-year growth, product sales prices are still at historically low levels. Second, construction in progress was transferred to fixed assets during the period, increasing depreciation and operating costs. Third, related expenses increased during the period, including share-based payment expenses accrued for the implementation of the equity incentive plan and an increase in convertible bond interest accrued compared to the same period last year.The onshore yuan closed at 6.9636 against the US dollar at 16:30 on January 19, up 54 points from the previous trading day.Following the latest tariff threats from the United States, European luxury goods stocks fell 3%, marking their sixth consecutive day of decline and a cumulative drop of 7.3% over the past three days.Ukraines power company DTEK: Its energy facilities in Odessa were "severely" damaged in a Russian nighttime attack.January 19th - The Greenland issue continues to escalate, with US President Trump threatening to raise tariffs on European goods again, causing a sharp drop in the share prices of European automakers. On Monday morning, Mercedes-Benz shares fell as much as 6.7% in Frankfurt, BMW shares fell 7%, and Volkswagen shares fell 5.4%. Last weekend, Trump suddenly announced plans to impose an additional 10% tariff on imports from several European countries starting in February, rising to 25% in June, catching many European countries, including Germany and France, off guard. BMW, Mercedes-Benz, and Volkswagen all rely heavily on the US market, which is their main source of revenue and profit. These automakers, which import models such as the S-Class sedan from the US, were already impacted by Trumps tariff policies. Currently, the US imposes a 15% tariff on most vehicles and parts imported from the EU. Last year, Trumps additional tariffs significantly increased this percentage from approximately 2.5%, triggering profit warnings from automakers.
