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June 12 – The China Federation of Logistics and Purchasing (CFLP) today (June 12) released the "China General Cargo International Logistics Development Report (2026)". According to the report, with the continuous adjustment of the international trade structure and the in-depth advancement of high-quality Belt and Road cooperation, my countrys general cargo international logistics industry has maintained a steady development trend, with significantly enhanced professional service capabilities, more diversified and smooth international logistics channels, and a marked improvement in comprehensive support service capabilities. The report states that my countrys general cargo exports will maintain a high overall scale in 2025. The total export value of major general cargo items such as overseas engineering projects, power equipment, construction machinery, and agricultural machinery will exceed US$295 billion, a year-on-year increase of 12%, driving a significant increase in the scale of my countrys general cargo international logistics. In terms of product category structure, electromechanical equipment has the largest export volume, accounting for about 30%.On June 12, 2026, the Ministry of Finance hosted the APEC Senior Finance Officials Meeting in Chengdu, Sichuan Province. Vice Minister of Finance Liao Min attended the meeting and delivered the opening address. Liao Min stated that driven by technological progress and digital transformation, the Asia-Pacific regions economy has maintained rapid growth and remains a crucial engine of the global economy. Currently, the regional economy faces multiple challenges. APEC economies should uphold multilateralism, deepen communication and coordination on macroeconomic policies, accelerate economic transformation, maintain the stability and smooth flow of regional industrial and supply chains, and jointly promote long-term sustainable growth of the Asia-Pacific economy. Liao Min also introduced Chinas economic performance, emphasizing that during the 15th Five-Year Plan period, China will continue to promote high-quality development and high-level opening-up, further expand domestic demand, boost consumption, share Chinas development opportunities and dividends with the world, and jointly build an Asia-Pacific community with a shared future.On June 12th, Cui Dongshu, Secretary-General of the China Passenger Car Association (CPCA), stated that the main factors influencing price changes are structural and sales volume changes. Slow sales growth leads to a continuous rise in the average price of passenger cars. The average retail price of passenger cars in 2021 was 165,000 yuan, rising steadily to 184,000 yuan in 2024. The average price of passenger cars in 2025 is 168,000 yuan, a decrease of 16,000 yuan compared to 2024. In May 2026, the average price of passenger cars is 173,000 yuan, an increase of 4,000 yuan compared to the same period last year.Westpac expects the Reserve Bank of Australia to keep interest rates unchanged at its meeting on June 15-16, but there is still a possibility of future rate hikes.The China-South Korea semiconductor ETF rose by more than 7%, and the global chip LOF rose by more than 3%.

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%.


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