EUR/USD 1.17072
0.174%
Gold 4339.70
0.318%
Oil 56.684
-0.402%
USD/JPY 150.090
-0.225%
GBP/USD 1.34442
0.071%
GBP/JPY 201.788
-0.147%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On October 17th, UBS released a report stating that Pop Mart (09992.HK)s stock price has fallen approximately 15% from its August high. However, the bank remains optimistic about the companys prospects, citing the continued popularity of the "Starman" series and the stabilization of secondary market prices for the "Labubu" series after an initial supply-driven decline. The bank anticipates catalysts such as updated third-quarter sales data, Christmas-themed product releases, and the release of a new animated series. The increasing accuracy of high-frequency data, such as credit card spending tracking, is expected to drive a rebound in stock price momentum. The bank maintains its "Buy" rating on Pop Mart with a target price of HK$432.On October 17, Macquarie issued a report stating that it raised the target price of JD Health (06618.HK) by 20%, from HK$62.14 to HK$74.57, and maintained its "outperform" investment rating. Macquaries earnings forecast for the company remains unchanged. Macquarie expects JD Health to have a good trend in the third quarter of 2025 and to record a 22% year-on-year revenue growth in the second half of the year. It is expected that amid the weakness of offline pharmacies, the company will continue to consolidate its position in major healthcare product distribution channels, further increase its market share and consolidate the market. Macquarie expects the companys strong growth momentum to continue in the second half of the year, benefiting from the direct launch of more new drugs and stronger advertising spending from merchants.According to Kyodo News: Japans Liberal Democratic Party and the opposition Constitutional Democratic Party agreed to hold an election to nominate the prime minister on October 21.On October 17th, the Hong Kong SAR Government presented its latest update to the Legislative Council Panel on Transport, outlining the latest arrangements for the "Guangdong Cars Going South" program. Secretary for Transport and Logistics, Chan Mei-po, explained that the Guangdong and Hong Kong governments will implement total vehicle volume control based on the border crossing capacity and the carrying capacity of nearby roads. A "transit parking lot" will initially be used at the border crossing, offering approximately 1,800 parking spaces and 24-hour automated parking and airport drop-off/pick-up services. For inbound travel to the city, a small-scale quota of 100 reservations per day will be issued, with each Guangdong car allowed to remain in Hong Kong for a maximum of three days. Chan Mei-po stated that the program will be reviewed and discussed with Guangdong authorities over an orderly increase in quotas, depending on the actual implementation, user and public adaptation, and the utilization of supporting facilities.On the morning of October 17th, Cao Li, Senior Vice President of Leapmotor, stated at a media conference that when a traffic accident occurs, regardless of who is at fault, the first priority is to ensure the safety of the driver. First, when a driver is involved in an accident due to road conditions, drunk driving, speeding, or other factors, a collision signal will be transmitted to the backend, and Leapmotor will promptly contact the driver and provide rescue services. Second, the companys quality department will analyze whether the vehicle poses a safety hazard and work with the owner, traffic police, and others to investigate. Personal safety always comes first.

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

 EUR:GBP.png

 

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.


Suggestion