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On March 30, Bright Smart Securities & Financial Holdings Limited (01428.HK) announced on the Hong Kong Stock Exchange that the offeror and the company announced that the completion of the share purchase agreement was finalized on March 30, 2026, in accordance with the terms and conditions of the agreement. Under the share purchase agreement, the offeror acquired the sale shares (i.e., 857,980,000 shares, representing approximately 50.55% of the total issued shares as of the date of this announcement and all of the sellers shareholding in the company immediately prior to completion) from the seller for a total cash consideration of HK$2,814,174,400. Upon completion, the offeror is required to make an unconditional mandatory cash offer for all issued shares (excluding shares already owned or agreed to be acquired by the offeror and its parties acting in concert).On March 30, in response to concerns raised by Europe and other countries regarding rising fuel prices and increased shipping costs in the Gulf, Iranian Foreign Ministry spokesman Baghae stated that Iran is not responsible for the current situation and does not want people in other countries to suffer pressure due to rising fuel or food prices. Baghae also stated that Iran is currently managing the passage of vessels that are not hostile, while ensuring security. In the past few days, some vessels have passed through the Strait of Hormuz after coordinating with relevant Iranian authorities.March 30th - Germanys inflation accelerated significantly in March, according to the German Federal Statistical Office on Monday, following the surge in energy costs caused by the conflict with Iran. This reinforces expectations that the European Central Bank (ECB) may need to raise interest rates. Germanys harmonized CPI rose 2.8% year-on-year in March, up from 2% in February, reaching its highest level in over a year. Regional reports showed that heating oil and fuel were the main drivers. As the Middle East conflict enters its fifth week, the impact of rising oil and gas costs is gradually being reflected in European prices and consumer expectations for the inflation outlook. Although ECB President Christine Lagarde pledged to act swiftly and decisively if necessary, officials indicated that they would not rush into action after assessing the full impact. Money markets expect a rapid policy response and favor raising interest rates at the April meeting, with up to three rate hikes possible throughout the year.The Russian Federal Security Service (FSB) has discovered stockpiles of chemical and biological weapons in parts of Donetsk liberated from the Ukrainian armed forces.On March 30th, it was reported that the Peoples Bank of China (PBOC) held its 2026 Research (Advisory) Work Conference on March 24th. The conference noted that in 2025, the PBOCs research (advisory) department focused on planning and researching important reforms for the PBOC, conducted high-quality research and compilation of the 15th Five-Year Plan, dynamically evaluated and improved key tasks related to the construction of the "six core elements," and accelerated the construction of Shanghai as an international financial center. Positive results were achieved in strengthening macroeconomic analysis, improving the green finance system, promoting regional financial reform and development, and leveraging the advisory role. The conference required that in 2026, research (advisory) work should deeply understand the new situation, new tasks, and new requirements facing financial research during the 15th Five-Year Plan period, scientifically grasp research methodology, effectively carry out work related to the 15th Five-Year Plan, deepen research on major regularities and emerging issues, coordinate the promotion of regional financial reform and financial support for regional coordinated development, fully leverage the role of advisors and financial research in assisting the PBOCs work, and transform research results into practical measures to promote high-quality financial development.

AUD/NZD strengthens above 1.0800 as focus shifts to RBA Lowe's speech and RBNZ policy

Daniel Rogers

Nov 22, 2022 14:59

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In the early Tokyo session, the AUD/NZD pair is displaying inventory accumulation between 1.0810 and 1.0830. Investors have shifted their focus to Reserve Bank of Australia (RBA) Governor Philip Lowe's speech, which has caused the asset to swing unpredictably. The primary impetus for the cross will be the Reserve Bank of New Zealand's (RBNZ) interest rate decision on Wednesday.

 

Investors await the RBA policymaker's speech in order to get an informed opinion. The speech will include interest rate suggestions to counteract the exceptional increase in inflationary pressures. Third-quarter inflation hit 7.3%, compelling the Australian central bank to lift its price growth projection to 8%. To preserve healthy economic prospects and achieve price stability, the RBA maintained its rate hike timetable at 25 basis points (bps).

 

On the kiwi front, the Reserve Bank of New Zealand's (RBNZ) monetary policy statement will deepen policy divergence between the RBNZ and the RBA. Governor Adrian Orr of the Reserve Bank of New Zealand (RBNZ) has already announced five consecutive rate hikes of 50 basis points (bps) to a current level of 3.5 percent and has no plans to pause rate hikes despite rising inflationary pressures.

 

The Official Cash Rate (OCR) will climb by 75 basis points (bps) this time, according to a Reuters survey of the RBNZ's rate hike estimates. A comparable scenario would cause the OCR to increase to 4.25 percent and depart significantly from the RBA's policy structure.

 

The decision may boost the New Zealand Dollar in the future, but reduces the Reserve Bank of New Zealand's room for future rate increases. In addition, additional economic dynamics requirements will be shifted into the future.