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On April 15th, the Fujian Provincial Drug Administration released a draft of "Several Measures to Support the High-Quality Development of the Cosmetics Industry (Draft for Public Comment)" for public comment. The draft mentions promoting cross-strait integration and development. It strengthens support for Taiwanese-invested cosmetics companies, including key product R&D, production workshop construction, and production quality system improvement projects in the Provincial Drug Administrations annual key development projects ledger. It also provides interpretation of regulatory policies and guidance on administrative application, fully supporting the development of Taiwanese-invested enterprises in Fujian. Furthermore, it seeks new support policies from the National Medical Products Administration for Fujian Province to promote the deep integration of the Fujian-Taiwan cosmetics industry development.April 15th - According to the National Railway Administration, in the first quarter, the national railway system completed 1.133 billion passenger trips, a year-on-year increase of 5.5%; and 414.683 billion passenger-kilometers of passenger turnover, a year-on-year increase of 3.2%. In March, the system completed 376 million passenger trips, a year-on-year increase of 11.7%; and 130.582 billion passenger-kilometers of passenger turnover, a year-on-year increase of 16.5%.April 15th - According to incomplete statistics from the China Index Academy, the quarterly issuance of special bonds for land reserves exceeded 140 billion yuan from the second to the fourth quarter of 2025, with 198.2 billion yuan issued in the fourth quarter, accounting for 71.3% of real estate-related bonds and over 20% of newly issued special bonds in the same period. In the first quarter of 2026, the issuance of special bonds for land reserves slowed slightly, with a cumulative issuance of approximately 91.8 billion yuan, and its share in real estate-related bonds fell back to 40.8%.The Middle East wars have halved Nissans sales in the region.Frankfurt Airport, Germany: Flights to the Middle East dropped by 69% in March due to the war.

The EUR/GBP exchange rate recovers above 0.8000 in advance of Eurozone inflation and UK gross domestic product

Alina Haynes

Mar 30, 2023 16:05

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The EUR/GBP pair extended its recovery above 0.88 during the Asian trading session. Anticipating that the European Central Bank (ECB) will continue to raise interest rates to combat persistent inflation, the cross has depreciated progressively. Friday will see the publication of preliminary Eurozone Harmonized Index of Consumer Prices (HICP) and Gross Domestic Product (GDP) (Q4) figures. Prior to the publication of these figures, it is anticipated that the asset will exhibit explosive activity.

 

It is anticipated that the preliminary Eurozone HICP will decelerate significantly from 8.5% to 7.3%. While it is anticipated that the core HICP will rise to 5.7% from 5.6% in the previous release. Weak energy prices are anticipated to have a significant impact on Eurozone inflation. In light of Christine Lagarde's prediction that inflation will remain elevated for an extended period of time, the European Central Bank (ECB) is expected to continue tightening monetary policy.

 

In the interim, banking tensions are subsiding as the absence of information regarding additional collateral damage has a positive impact on the market. Chief Economist Philip Lane stated on Wednesday that ECB interest rates must rise if banking tension has no or a "relatively limited" impact.

 

Investors avidly anticipate the United Kingdom's Gross Domestic Product (GDP) data. According to the consensus, the United Kingdom's growth in the fourth quarter of CY2022 remained unchanged. It is anticipated that the annual GDP will remain unchanged at 0.4%. It is expected that the British economy will undergo a severe recession as a result of high inflation and sluggish growth.

 

The Bank of England (BoE) policymakers appear confident that inflation will moderate in the near future and that the unexpected rise in February's inflation was a one-time anomaly; however, the absence of evidence raises doubts. If inflation persists, BoE Governor Andrew Bailey stated that additional rate increases would be announced. In contrast, Bank of America (BoA) analysts anticipate that the Bank of England (BoE) will not increase rates and will maintain current levels until 2024.


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