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On April 10, Sunac China Holdings Limited (01918.HK) announced that its wholly-owned subsidiary, Sunac Real Estate Group Limited, and its executive director, Mr. Wang Mengde, received formal written notices from the Tianjin Regulatory Bureau of the China Securities Regulatory Commission (CSRC) and the Shenzhen Stock Exchange. These notices stated that Sunac Real Estate failed to disclose overdue debts and asset seizure information in a timely manner from the end of 2021 to mid-2025, in accordance with the "Administrative Measures for the Issuance and Trading of Corporate Bonds," the "Administrative Measures for the Disclosure of Information on Corporate Credit Bonds," and the Shenzhen Stock Exchanges rules for listing corporate bonds. The Tianjin Securities Regulatory Bureau issued a warning letter to Sunac Real Estate and its then-chairman and general manager, Mr. Wang, and the Shenzhen Stock Exchange imposed disciplinary sanctions on Sunac Real Estate and Mr. Wang, including a public reprimand.On April 10th, during the Vienna International Energy and Climate Forum, a global cooperation initiative focusing on capacity building for energy transition was officially launched. This initiative calls for the establishment of cooperative mechanisms and enhanced knowledge sharing to provide systemic support for the global energy transition. The initiative includes six key measures: strengthening global capacity-building cooperation mechanisms; jointly establishing a Global Energy Interconnection Academy; promoting knowledge sharing on energy transition; strengthening resource mobilization and sustainable investment; promoting inclusive participation from youth, women, and other groups; and strengthening monitoring, evaluation, and continuous improvement.Chart: Overview of US market data on Friday, April 10, 2026The U.S. February factory orders month-on-month rate, the preliminary reading of the University of Michigan consumer sentiment index for April, and the preliminary reading of the one-year inflation rate expectations will be released in ten minutes.On April 10, Minister of Commerce Wang Wentao met with Serbian Minister of Domestic and Foreign Trade, Lazzarevic, who was visiting China. The two sides exchanged in-depth views on developing China-Serbia economic and trade relations. Wang Wentao stated that under the strategic guidance of the two heads of state, China-Serbia economic and trade cooperation has become increasingly close, with rapid growth in bilateral trade, deepening investment cooperation, and significant achievements in large-scale projects. China is willing to strengthen the alignment of its 15th Five-Year Plan with Serbias "National Development Strategy 2030," expand imports from Serbia, and continuously deepen cooperation in areas such as green development, the digital economy, and supply chains. China welcomes Serbian enterprises to continue participating in important exhibitions and events such as the China International Import Expo and the China-Central and Eastern European Countries Expo, promoting the steady and long-term development of China-Serbia and China-Central and Eastern European Countries economic and trade cooperation.

The USD/JPY crosses the 135.00 mark as the DXY rises ahead of US inflation

Daniel Rogers

Aug 10, 2022 11:32

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The USD/JPY pair is climbing northward during the Asian session in an attempt to retake its two-week high at 135.58. The asset's price turned positive on Monday as a result of the abundance of bids that occurred near 134.50. The USD/JPY pair's two-day consolidated activity shows that market participants are anxiously awaiting the release of the US Consumer Price Index (CPI).

 

Investors expect a decrease in price pressures this time, thus the release of the US inflation report is crucial. The investment community is aware that the crisis between Russia and Ukraine sharply increased oil prices, which continued to be essential to pressures on global costs.

 

A more than 11% drop in oil prices in July contributed to the black gold's continued sluggishness and lowered inflation expectations. The market anticipates that the inflation rate will decrease from 9.1% to 8.7%. The core CPI, which does not include food and oil, is anticipated to increase to 6.1% from the previously announced 5.9%. It appears that the demand for durable goods is rapidly increasing again. The US dollar index (DXY) is currently aiming to surpass the 106.40 immediate barrier.

 

The yen bulls are circling Tokyo as a result of Japan's government reorganization. Finance Minister Shunichi Suzuki will probably remain in the cabinet after this week's reorganization by Japanese Prime Minister Fumio Kishida. All eyes will now be on the Japanese government's efforts to raise the labor cost index, which is essential for keeping inflation over 2%.