EUR/USD 1.17832
-0.033%
Gold 4818.21
-0.050%
Oil 86.059
0.582%
USD/JPY 158.936
0.072%
GBP/USD 1.35239
-0.069%
GBP/JPY 214.948
0.019%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On April 21, Apples (AAPL.O) new hardware chief told employees on Monday that the newly merged Hardware Engineering and Hardware Technology division will be organized around five key areas. John Turner was appointed CEO, and Johnny Srouji was appointed Chief Hardware Officer. Srouji stated that the team will be divided into five departments: Hardware Engineering, Chips, Advanced Technologies, Platform Architecture, and Project Management. This move aims to simplify its organizational structure, and the division will add thousands of employees and take on engineering design responsibilities for iPhones, iPads, Apple Watches, and other products.According to Futures News on April 21, as of 8:30 AM Beijing time, spot platinum fell 0.07% and spot palladium fell 0.07%.South Koreas exports remained strong in the first 20 days of April, indicating that external demand remains resilient despite increased inflation and growth risks from soaring oil prices and a weaker currency. According to customs data released Tuesday, exports in the first 20 days of April, adjusted for working day differences, rose 49.4% year-on-year. In comparison, the increase in the same period in March was 40.4%. Unadjusted exports also rose 49.4%, while imports increased by 17.7%, resulting in a trade surplus of $10.4 billion. Semiconductor exports surged 182.5%, driving overall exports, fueled by strong investment in artificial intelligence and data centers. Computer peripheral exports jumped 399%. Petroleum products also contributed, growing by 48.4%, with energy exports partly boosted by rising crude oil prices. Meanwhile, exports of automobiles and auto parts both declined. These data suggest that South Koreas export engine remains intact despite heightened external risks.Artificial Intelligence: 1. The Dark Side of the Moon has officially launched and open-sourced its new model, Kimi K2.6. 2. Amazon: Will invest up to $25 billion in Anthropic. Anthropic will receive 5 gigawatts of Trainium chips. Anthropic will invest over $100 billion in AWS technology. 3. Alibabas HappyHorse will open beta on April 27 and officially launch commercially in May. 4. The Supreme Peoples Court: Is currently drafting opinions on properly handling disputes involving artificial intelligence in accordance with the law. Other: 1. Apple announces a change in leadership: Tenas takes over as CEO, Cook becomes executive chairman. 2. Huaweis first wide-folding phone is equipped with the Kirin 9030 Pro across the board, starting at 10,999 yuan. 3. Yu Chengdong: There is significant pressure on phone pricing, and prices may increase later. 4. Li Liang, Vice President of Douyin Group, responds to ByteDances 70% net profit decline: This figure is based on international accounting standards. 5. Tesla: There are currently no specific plans to mass-produce robots at its Shanghai Gigafactory. 6. Micron releases 24Gb (3GB) GDDR7 memory. 7. Musk absent from French prosecutors hearing. On April 21, CNN reported that on April 20 local time, US President Trump stated in a phone interview that Iran "will negotiate" and expressed confidence in the potential talks to be held in Pakistan. Trump said, "They will negotiate, and if they dont, there will be unprecedented problems." He also expressed hope that the two sides could reach a "fair agreement" and emphasized that Iran "will not have nuclear weapons." He also defended military action against Iran, saying there was "no other choice," and that the "finishing touches" would eventually be completed.

0.8450 is being reached by EUR/GBP as the prospect of a UK recession looms

Daniel Rogers

Aug 05, 2022 14:46

 截屏2022-08-05 上午9.48.51.png

 

Following a huge upward rise from 0.8360 on Thursday, the EUR/GBP pair has subsequently turned sideways around 0.8430 in the Tokyo session. After the Bank of England (BOE) hiked interest rates by 50 basis points, the cross displayed a significant upward rise (bps) (bps). The BOE lifted interest rates by 50 basis points in succession, bringing them to 1.75 percent.

 

The investing community is aware that UK household earnings have been unsteady during the preceding few months. In addition, the economy's inflation rate is fast expanding. The inflation rate was 9.4 percent prior. The recent statement by BOE Governor Andrew Bailey that price increases might exceed 13 percent has sent shockwaves across the market.

 

The runaway inflation is now escalating, leaving the BOE with very little flexibility to tighten its monetary policy. The BOE is in poor shape as a result of the dismal economic data and the continuing political upheaval following the departure of UK Prime Minister Boris Johnson. A recession in the UK economy is extremely probable in the case that the inflation rate is close to 13 percent.

 

German manufacturing order numbers for the Eurozone have decreased by 0.4 percent against an anticipated 0.8 percent decline and a prior monthly contraction of 0.2 percent. Falling orders from factories indicate sluggish demand in Germany as a whole. It is vital to remember that Germany is a key element of the European Union (EU), and that economic data from Germany has a huge effect on people who favor the common currency.


Suggestion