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On April 22, the Shenzhen Municipal Bureau of Statistics released economic data for the first quarter of 2026. According to the unified accounting results of Guangdong Provinces GDP, Shenzhens GDP reached 959.413 billion yuan in the first quarter of 2026, a year-on-year increase of 5.8% at constant prices. The citys economy maintained steady progress, with high-quality development moving towards new and better directions, further demonstrating its resilience and achieving a good start. By industry, the added value of the primary industry was 642 million yuan, an increase of 7.3%; the added value of the secondary industry was 322.347 billion yuan, an increase of 7.3%; and the added value of the tertiary industry was 636.425 billion yuan, an increase of 5.0%.On April 22, the General Office of the Guangdong Provincial Peoples Government issued a notice on the "Action Plan for Cultivating and Serving High-Quality Enterprises by Relying on Regional Equity Markets." The notice states that the main objectives for the 15th Five-Year Plan period are: the Guangdong Equity Exchange Center to add no fewer than 3,600 new listed companies (including 1,800 on the "Specialized, Refined, and Innovative" board, 1,500 on the Science and Technology Innovation board, and 300 on the Guangdong Rural Revitalization board); and the Shenzhen Qianhai Equity Exchange Center to add no fewer than 3,250 new listed companies on its "Specialized, Refined, and Innovative" board and other related boards. In principle, the annual completion rate of these targets should not be lower than the scheduled progress, with the combined number of new listed companies on the two equity exchanges expected to be no less than 2,000 by 2026. By the end of 2030, the goal is to have 6,000 companies listed on the Guangdong Equity Exchange Center and 4,000 companies listed on the Shenzhen Qianhai Equity Exchange Center, bringing the total to 10,000 across the province. During the 15th Five-Year Plan period, the goal is to cultivate more than 10 domestic and overseas IPO companies and more than 50 companies listed on the National Equities Exchange and Quotations (NEEQ) through the Guangdong Equity Exchange Center, and more than 20 domestic and overseas IPO companies and more than 30 companies listed on the NEEQ through the Shenzhen Qianhai Equity Exchange Center, striving for even better results.According to reports, Germany has stated that Russia will prevent Kazakhstani oil from flowing into German refineries.EU Energy Commissioner: Even with our most optimistic outlook, the energy market situation in the coming months remains quite challenging.EU Energy Commissioner: Global liquefied natural gas prices will not be stable in the coming years and may even rise.

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%.