EUR/USD 1.14404
-0.019%
Gold 4015.33
0.979%
Oil 81.356
3.134%
USD/JPY 162.380
0.010%
GBP/USD 1.34578
-0.153%
GBP/JPY 218.532
-0.116%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
July 18th - The 2026 World Artificial Intelligence Conference opened yesterday (July 17th) in Shanghai. At the sub-forum on "Artificial Intelligence and Energy: Two-Way Empowerment," an official from the National Energy Administration revealed that my country will accelerate the construction of a new energy system to provide a green foundation for the development of artificial intelligence. It is understood that during the "15th Five-Year Plan" period, inference load will exceed the previous training load, becoming the main consumption of computing power. The characteristics of latency sensitivity, large load fluctuations, and concentrated demand require that computing power collaboration shift from "spatial collaboration" to "multi-dimensional collaboration" between computing power load and the new power system. This necessitates the integrated layout of core elements such as intelligent computing power, large models, and corpus resources. Wang Hongzhi, Secretary of the Party Group and Director of the National Energy Administration, stated that nearly four out of every ten kilowatt-hours of electricity consumed in the whole society is green electricity. Sufficient and high-quality green electricity supply will promote green computing power from concept to practice, from the laboratory to application scenarios, ensuring that every kilowatt-hour of electricity is used to its fullest potential and that every token is associated with green development.1. The EU imposes sanctions on one Russian individual and five entities. 2. Ukrainian President Zelenskyy: Discussed the appointment of an acting defense minister with the new prime minister. 3. The commander of the Ukrainian drone force stated that Ukrainian drones have struck 12 Russian ships in the Black Sea. 4. The Ukrainian Port Authority: Russia attacked Ukrainian ports 23 times in the first two weeks of July. 5. Naftogaz: A Russian drone attack caused a gas production facility in Kharkiv Oblast to shut down. 6. The Russian Ministry of Defense: Russian forces struck 24 Ukrainian military vessels in the past week. 7. Ukrainian President Zelenskyy: Ukraine destroyed a Russian Tu-95 military aircraft at Engels Air Base.According to Iranian media reports, an explosion was heard in the Khorramabad region.US military: The US military has ended its seventh consecutive night of strikes against Iran.According to the Iranian news agency IRNA, Arab media reported that Iranian missiles successfully penetrated Jordans air defense system, claiming that the Patriot missile defense system failed to intercept them effectively.

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