EUR/USD 1.16211
-0.192%
Gold 4607.57
-0.417%
Oil 59.048
-3.162%
USD/JPY 158.585
0.098%
GBP/USD 1.33933
-0.397%
GBP/JPY 212.404
-0.279%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On January 15th, the State Financial Regulatory Commission (SFC) held its 2026 regulatory work conference. The conference emphasized the need to effectively improve the industrys capacity for high-quality development. This includes: strengthening overall planning, steadily promoting the reduction and improvement of small and medium-sized financial institutions, and rationally optimizing the institutional layout; thoroughly rectifying disorderly competition and continuously standardizing industry order; urging banking and insurance institutions to focus on their core businesses and pursue differentiated development; promoting high-level opening-up of the financial sector; continuously improving the quality and efficiency of financial services for economic and social development; focusing on the "five major areas" of finance, adhering to the close integration of investment in things and investment in people, and continuously increasing support for major strategies, key areas, and weak links; strengthening financial supply to promote consumption and investment, and efficiently serving the strategy of expanding domestic demand; optimizing science and technology financial services, actively cultivating patient capital, and supporting the development of new productive forces; and strengthening financial support for peoples livelihood areas such as emergency relief, disaster relief, elderly care and health, and rural revitalization.Sources say the security alert level at the U.S. Al Udeid Air Base in Qatar has been lowered.January 15th - According to CNN, citing two sources familiar with the matter, the Trump administration is preparing to use private military contractors to protect Venezuelas oil and energy assets instead of deploying U.S. troops. This could bring significant benefits to security companies with experience in the region and connections to the government. While President Trump has not ruled out a U.S. military presence in Venezuela, sources say he is cautious about a long-term U.S. military presence in the country.A spokesperson for the Russian Foreign Ministry stated that the UKs plan to help Ukraine develop the "Nightfall" ballistic missile is not a step towards peace.Two sources familiar with the matter revealed that the Trump administration is preparing to use private military contractors to protect Venezuelas oil and energy assets, rather than deploying U.S. troops.

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