EUR/USD 1.15505
-0.091%
Gold 4335.12
-0.202%
Oil 77.744
1.933%
USD/JPY 158.252
0.442%
GBP/USD 1.34874
-0.073%
GBP/JPY 213.447
0.369%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On August 10th, Kinsys Technology (09877.HK) announced that the Group expects to achieve revenue of approximately RMB 63 million to RMB 65 million for the six months ended June 30, 2026, representing an increase of 385% to 400% year-on-year. Other income and gains are expected to be approximately RMB 9 million to RMB 11 million, totaling approximately RMB 72 million to RMB 76 million, representing an increase of RMB 47 million to RMB 51 million compared to the same period last year, representing an increase of 188% to 204% year-on-year. The main reasons for the performance growth during the reporting period include: 1. The Groups Ken-Valve transcatheter aortic valve system continued to achieve steady revenue growth. Ken-Valve is suitable for aortic regurgitation or stenosis, and its product design features and operational advantages have enabled the procedure to be rapidly promoted and applied in multi-level medical institutions; 2. The Group actively carried out paid clinical implantation of multiple structural heart disease interventional products overseas. The product’s excellent clinical efficacy and application advantages have been highly praised by key opinion leaders and experts around the world, and can meet the huge unmet clinical needs of structural heart disease worldwide.ADNOC Gas Division: Increased oil production in the UAE has boosted supply confidence.ADNOC Gas Division of Abu Dhabi National Oil Company: Will advance the second and third phases of rich gas development.ADNOC, the gas division of Abu Dhabi National Oil Company of the United Arab Emirates, will invest more than $8 billion to expand its production capacity.August 10th Futures News: 1. According to CCTV News, the Houthi rebels in Yemen issued a statement on August 9th, claiming that in response to the continued attacks by "Saudi-backed armed forces" on the west coast of Yemen and Taiz province, the Houthis launched a "large-scale, high-intensity" attack on the "Saudi-backed armed forces" assembly points and weapons depots in Mocha port on the Red Sea coast of Taiz province, using a large number of ballistic missiles and drones. 2. Domestically, as of press time, the main crude oil futures contract rose by more than 2%. Some analysts said that international crude oil prices are expected to remain highly volatile in mid-to-late August, with geopolitical factors remaining the primary driving variable. In the medium to long term, oil prices are unlikely to maintain a one-sided surge; the general trend will be high-level wide-range fluctuations. On the one hand, global manufacturing demand is generally weak, lacking the fundamental momentum to support a long-term significant rise in oil prices; on the other hand, OPEC+s production increase plan and the stable output of US shale oil will increase future crude oil supply. Overall, the risk of oil price volatility is high in August, and attention should be paid to the progress of US-Iran negotiations, expectations for the opening of the Strait of Hormuz, and US crude oil inventory data.

As the BoJ ponders a YCC expansion, EUR/JPY continues to decline, falling below 142.60

Alina Haynes

Apr 06, 2023 11:52

 EUR:JPY.png

 

After plunging below 142.60 during the Asian trading session, the EUR/JPY pair's three-day losing trend was extended. Renewed rumors of an expansion of the Bank of Japan's (BoJ) Yield Curve Control (YCC) are exerting immense pressure on the cross.

 

The Japanese economy is experiencing gradual wage growth, and inflation is expected to respond to recent increases in crude oil prices. Analysts at Wells Fargo believe the BoJ will take advantage of a tactical opportunity to further modify its policy settings in the fourth quarter of 2022, and are inclined toward a meeting in October. They added that this timeframe is optimal for a smooth policy adjustment, as monetary easing from the Federal Reserve (Fed) and other major central banks should alleviate yield pressure.

 

In particular, the Bank of Japan (BoJ) will raise the target yield for 10-year Japanese government bonds (JGBs) from 0% to 0.25% and increase the tolerance interval surrounding this target to +/- 75 basis points.

 

Accelerating PMIs in the Eurozone provide support for the European Central Bank's sustained rate hikes. (ECB). S&P Global reported a Composite PMI of 53.7 on Wednesday, which was higher than the previous release of 52.0 but below expectations of 54.1, the highest level in the past ten months.

 

According to Reuters, S&P Global issued the following statement: "Manufacturing production increased slightly, but the service sector had the greatest impact on March's accelerated growth."

 

Wednesday, ECB policymaker Boris Vuji stated regarding interest rate forecasts, "The majority of the rate-hiking cycle has passed." He added, "We may require additional rate increases to address core inflation."

Suggestion