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Mercedes-Benz sales chief: New V8 engine launched in the United States.Mercedes-Benz sales chief: Launching high-performance electric vehicles in the US and expanding local production.China Resources Land (01109.HK): For the month ended January 31, 2026, the Company and its subsidiaries achieved total contracted sales of approximately RMB11.65 billion and total contracted sales area of approximately 368,000 square meters, representing year-on-year growth of 0.4% and a decrease of 24.6%, respectively.On February 12th, *ST Chuanzhi announced that its audited financial data for 2024 triggered the provisions of Article 9.3.1 (i) of the Stock Listing Rules, which states that "the lower of the audited total profit, net profit, and net profit after deducting non-recurring gains and losses for the most recent fiscal year is negative, and the operating revenue after deduction is less than 300 million yuan." Therefore, the companys stock will be subject to delisting risk warning starting from the opening of the market on April 23, 2025. If any of the aforementioned circumstances occur after the companys 2025 annual report is disclosed, the companys stock will face the risk of being delisted.February 12th - UK fourth-quarter GDP growth was 0.1%, lower than the Bank of Englands forecast of 0.2%. Thomas Pugh, an economist at audit, tax, and advisory firm RSM UK, stated in a report that given the weaker-than-expected UK economic growth, the likelihood of a March interest rate cut by the Bank of England has increased. However, Pugh believes that economic growth should accelerate this year as the uncertainty surrounding the government budget in November dissipates and declining inflation begins to translate into stronger consumer spending. He pointed out that the biggest risk at present is a protracted Labour leadership contest, which could open up room for tax increases and inject new uncertainty into consumers and businesses, thus offsetting a large part of the improvement in economic fundamentals.

Despite caution, EUR/USD continues bids above 1.0250

Daniel Rogers

Aug 15, 2022 14:55

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After the US sent a delegation to Taiwan over the weekend, despite House Speaker Nancy Pelosi's contentious visit to the disputed island, which enraged Beijing, investors sought protection in government bonds and the dollar in the face of rising US-China threats.

 

Rates are also heavily influenced by the likelihood that the Fed will raise interest rates by 50 basis points (bps) in September as a result of easing US inflation pressures, with all eyes on the FOMC minutes due out on Wednesday for new information on the direction the world's most potent central bank will take its policy.

 

Despite a decline in rates and a sluggish demand for riskier assets in early Asian trades, the US dollar is holding up well. The US dollar index is trading at 105.61, unchanged from its previous close of 105.88 on Friday. Despite Wall Street's stellar performance, a substantial dollar increase was caused by stronger US Michigan Consumer Sentiment data and a dimming US inflation forecast.

 

As the European energy crisis gets worse, the gains in the common currency on the EUR side of the equation are likely to remain small. Germany is already suffering the most as a result of a decrease in Russian gas exports, which is wreaking havoc on the old continent. The Rhine's ebbing waters, which make transport along the river more challenging, could cause a recession in Germany.

 

By the end of the week, the reference level was predicted to drop below 40 centimeters in Kaub, a notorious shipping bottleneck where the Rhine flows shallow and narrow. One of the most significant goods shipped on the waterway is coal.

 

On both sides of the Atlantic, Monday's economic calendar features few noteworthy data releases. As a result, the main currency pair will continue to be influenced by the current market sentiment and dollar price action.

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