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On February 9th, VMS announced that in 2025, the company achieved total operating revenue of RMB 6.342 billion, a slight decrease of 0.48% year-on-year; net profit attributable to owners of the parent company was RMB 557 million, an increase of 39.22% year-on-year; and net profit excluding non-recurring items was RMB 521 million, an increase of 46.71% year-on-year. This was mainly due to the growth in domestic sales of new energy vehicles, resulting in both increased sales volume and price of the companys on-board power supply products, as well as optimized product shipment structure. As of the end of 2025, the companys total assets were RMB 8.226 billion, an increase of 6.96% year-on-year; and equity attributable to owners of the parent company was RMB 3.626 billion, an increase of 10.89% year-on-year. The data in this announcement are preliminary and unaudited; the final figures will be subject to the annual report.February 9th - Hong Kong stocks opened higher and continued to rise throughout the day. The Hang Seng Index opened 422 points higher at 26,982, but the gains narrowed to 319 points at one point, reaching a low of 26,879. It then rallied again during the session, rising 514 points to a high of 27,074, once again breaking through the 27,000 mark. In the early afternoon, the Hang Seng Index fluctuated around the 27,000 level before slightly rising above its earlier high, reaching a high of 27,111, a gain of 551 points. It then gradually retreated, capped by the 10-day moving average. At the close, the Hang Seng Index rose 1.76%, and the Hang Seng Tech Index rose 1.34%. The total turnover of the Hang Seng Index was HK$255.14 billion. On the sector front, optical communications, photovoltaic equipment, and wind power stocks led the gains, while publishing, rare earth concepts, and semiconductor stocks continued their strong performance; agricultural products, oil, tea, and alcoholic beverage stocks were weak. In terms of individual stocks, Montage Technology (06809.HK) closed up 63.7% on its first day of trading, Innovent Biologics (01801.HK) rose over 7%, and Pop Mart (09992.HK) and Zijin Mining (02899.HK) both rose over 5.5%; China Telecom (00728.HK) fell nearly 3%, and Kuaishou (01024.HK) fell over 2.7%.Total Energy: Construction is scheduled to begin in the second quarter of 2026.The U.S. says Total Energy will provide 1 gigawatt of solar power capacity for Google’s data center in Texas for 15 years.The Hang Seng Index closed up 467.21 points, or 1.76%, at 27,027.16 on Monday, February 9; the Hang Seng Tech Index closed up 71.4 points, or 1.34%, at 5,417.6; the H-share Index closed up 136.95 points, or 1.52%, at 9,168.33; and the Red Chip Index closed up 34.79 points, or 0.8%, at 4,395.49.

EUR/USD Is Anticipated To Fall Below 1.0950 Due To Market Optimism Regarding US Economic Prospects

Daniel Rogers

Apr 20, 2023 13:54

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The EUR/USD pair is expected to decline drastically below the near-term support level of 1.0950 during the Asian session. The major currency pair is attracting bids as the US Dollar Index (DXY) has shown a recovery move and surpassed the 102.00 level of resistance.

 

S&P500 futures have extended their losses during the Asian session in anticipation of the Federal Reserve's (Fed) decision to raise interest rates, which could undermine revenue guidance.

 

According to the Federal Reserve's (Fed) Beige Book minutes, economic activity is stable in the majority of districts. However, loans and advances to businesses and consumers have decreased due to stringent credit conditions imposed by commercial banks in the United States in order to prevent uncertainty in an unstable environment.

 

In the interim, Fed policymakers remain optimistic regarding the economic prognosis due to the labor market's tightness. As reported by Reuters, the president of the Federal Reserve Bank of St. Louis, James Bullard, advocated for the continuation of the central bank's policy tightening in view of the continued strength of labor market data. A Fed official added that the demand for labor has not yet diminished and that a robust labor market results in robust consumer spending.

 

Citi Group forecasts a fourth-quarter recession in the US economy due to the constrained US labor market. Previously, it was anticipated that the United States would enter a recession during the third quarter of 2023.

 

Investors are anticipating the release of Eurozone Consumer Confidence data. Preliminary Consumer Confidence (April) data is anticipated to improve from -19.2 to -18.5. This may be the result of persistently declining inflation in the Eurozone, which reduces the burden on households.


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