EUR/USD 1.16783
0.003%
Gold 4616.86
2.163%
Oil 86.290
0.427%
USD/JPY 158.995
-0.035%
GBP/USD 1.36466
0.123%
GBP/JPY 216.979
0.098%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On August 23, Zhaojin Mining announced that its revenue for the first half of 2026 was RMB 9.022 billion, an increase of approximately 29.38% year-on-year; profit attributable to shareholders of the parent company was RMB 1.578 billion, an increase of approximately 9.61% year-on-year; net profit was RMB 2.105 billion, an increase of approximately 18.50% year-on-year; basic and diluted earnings per share were RMB 0.42, an increase of approximately 10.75% year-on-year. The board of directors does not recommend the payment of an interim dividend.The China Earthquake Networks Center automatically determined that an earthquake of approximately magnitude 4.3 occurred at 18:04 on August 23 near Tashkurgan County, Kashgar Prefecture, Xinjiang (36.96 degrees north latitude, 74.89 degrees east longitude). The final result is subject to the official rapid report.According to the Financial Times, Italian oil company Eni is betting that nuclear fusion will become its "next refinery".On August 23, two slope collapses occurred in Fengshan Town, Fengqing County, Lincang City, Yunnan Province, leaving four people missing. The Ministry of Natural Resources activated a Level IV emergency response for geological disaster prevention in Yunnan at 2 PM on the 23rd and dispatched a working group to the site to guide rescue and relief efforts.On August 23, Galaxy Securities stated that in the short term, the index will continue to fluctuate due to overseas volatility and stock structure disturbances, and the game and rebalancing between sectors will continue. However, external shocks are more of a phased disturbance, and the domestic policy signals and the logic of the main industry line have not been shaken. Looking ahead to the second half of the third quarter, the market will mainly be structural rotation and repair. It is recommended to focus on the policy line and the direction of economic verification to seize structural opportunities. Next week, pay attention to the following events: (1) Overseas macro pricing, the second valuation of the US second quarter GDP, the core PCE in July and the speech of the chairman of the Jackson Hole Annual Meeting will be released one after another; (2) Technology company performance verification, Nvidias financial report is an important indicator for observing the continued expectation of global AI capital expenditure; (3) The disclosure of A-share interim reports is about to end, which may become an important window for the concentrated release of individual stock alpha. The industrial enterprise profit data to be released next week will provide a total scale for profit recovery; (4) At the industry level, pay attention to the 2026 Wenchang International Aviation and Aerospace Forum, etc.

Asian Shares Fall As Investors Analyze ECB Decisions

Charlie Brooks

Jun 10, 2022 11:14

16.png


Asia-Pacific equities were predominantly lower on Friday morning. Ahead of U.S. inflation statistics, investors are analyzing the European Central Bank's signals for potential interest rate hikes.


At 10:49 PM ET (2:49 AM GMT), the Nikkei 225 was down 1.41 percent, and the KOSPI was down 1.08 percent.


In Australia, the ASX 200 index declined 0.99%.


The Hang Seng Index in Hong Kong fell 0.89 percent.


As a result of the Chinese government's response to a Bloomberg article, the sub-index for Hong Kong-listed IT giants opened 2.9 percent lower. Alibaba (NYSE:BABA) Group Holding Ltd.'s U.S.-listed shares plummeted after the China Securities Regulatory Commission dismissed a Bloomberg report that it was exploring a listing resurrection for the fintech company.


The Shanghai Composite rose 0.10 percent, but the Shenzhen Component rose 0.02 percent.


China's manufacturing factory-gate inflation slowed to its worst pace in 14 months in May, according to previously released data. In May, the producer pricing index (PPI) increased by 6.4% annually, compared to an increase of 8% in April. The reading was the lowest since March 2021. The cooling could be attributable to decreased demand for steel, aluminum, and other industrial commodities as a result of COVID-19-related production disruptions.


Meanwhile, the consumer price index (CPI) increased 2.1% annually.


The European Central Bank (ECB) announced on Thursday that it will prepare a quarter-point increase in interest rates in July and a larger increase in the fall if inflation remains high. Inflation in the eurozone has already surpassed 8 percent.


Short-term U.S. Treasury rates are near all-time highs for 2022 due to a selloff in the euro-area bond market in response to ECB rate rise indications.


The ECB also announced that net asset purchases will halt on July 1, 2022.


Now, investors have moved their attention to U.S. inflation data, due later in the day, for additional hints on the course of interest rate hikes by the U.S. Federal Reserve.


Bloomberg quoted Charles Schwab (NYSE:SCHW) & Co.'s chief financial strategist Liz Ann Sonders as saying, "We've reestablished the inverse relationship between bond rates and stock prices."


"There is a little more discussion, or whispering, about the CPI being a touch above forecasts. Add to that the ECB's more hawkish posture, and you get another bad day."


Suggestion