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Leapmotor (09863.HK): In March, the company delivered 50,029 vehicles, a year-on-year increase of 35%, steadily breaking through the 50,000 mark and demonstrating strong resilience.April 1st - The State Council Taiwan Affairs Office held a regular press conference on April 1st. A reporter asked: Regarding the State Council Taiwan Affairs Offices statement that it will assist Taiwan in building a high-speed rail around the island and an east-west highway after peaceful reunification, the Mainland Affairs Council stated that related statements focus too much on material interests and have limited appeal to Taiwanese society. What is your comment on this? Spokesperson Zhang Han stated that the sooner reunification is achieved, the more beneficial it will be for Taiwans development and for Taiwanese compatriots to live a better life. The DPP authorities, for their own partisan interests, stubbornly pursue "independence" and refuse reunification, which will only deprive the Taiwanese people of their right to pursue a better life. We hope that the vast majority of Taiwanese compatriots will actively participate in the just cause of promoting the reunification of the motherland and build our common homeland into a better place.According to Hong Kong Stock Exchange documents, Yongkang Holdings Limited has submitted a listing application to the Hong Kong Stock Exchange.April 1st news: Several provinces will promote the large-scale development of hydrogen energy this year and study relevant support policies and measures: ① In 2026, the Fujian Provincial Government Work Report proposed implementing a future industry cultivation and development action, vigorously developing key areas including green hydrogen energy, and exploring diversified technical routes, typical application scenarios, and feasible business models. ② This year, Inner Mongolia will rapidly promote the pilot development of the entire hydrogen energy industry chain, including production, storage, transportation, and utilization, and carry out five tasks: improving innovation capabilities, enhancing the quality and efficiency of wind and solar hydrogen production, expanding green hydrogen demand, infrastructure construction, and strengthening the industry chain. ③ During the 15th Five-Year Plan period, Guangdong will focus on breakthroughs in key core technologies of hydrogen energy such as fuel cells and high-efficiency water electrolyzers, accelerate the cultivation of the entire hydrogen energy industry chain, and actively promote the demonstration application of hydrogen energy in transportation, industry, and energy. Related policies are still under research and formulation. ④ During the 15th Five-Year Plan period, Jiangsu Province will focus on cultivating the hydrogen energy industry and strive to create a rationally laid out, domestically leading hydrogen energy industry cluster. This year, it will actively explore various hydrogen storage and transportation methods to reduce hydrogen storage and transportation costs.On April 1st, the State Council Taiwan Affairs Office held a regular press conference. A reporter asked: Recently, Fujian Province released its first batch of landmark achievements in the construction of the Cross-Strait Integrated Development Demonstration Zone, categorized into three types: policies, projects, and platforms. Could you please provide details and outline the next steps for advancing the demonstration zones construction? Spokesperson Zhang Han stated that Fujian recently released its first batch of landmark achievements in the construction of the Cross-Strait Integrated Development Demonstration Zone. These include 7 policy-related achievements, 5 project-related achievements, and 5 platform-related achievements. The State Council Taiwan Affairs Office and the National Development and Reform Commission will continue to work with relevant departments to promote the construction of the demonstration zone with more concrete measures, greater efforts, and higher standards, supporting Fujian in taking greater strides and achieving more development in exploring a new path for cross-strait integrated development.

EUR/USD Is Likely to Fall Below 1.0850 Due to Ukraine Crisis and Hawkish ECB Minutes

Drake Hampton

Apr 08, 2022 10:11

  • EUR/USD is aiming for further loss as the DXY strengthens amid renewed talk of restoring neutral rates.

  • The common currency has been unable to benefit from hawkish ECB minutes and solid retail sales.

  • Members of the United Nations Human Rights Council voted in favor of Russia losing its associate status.

 

The EUR/USD pair is on a six-day losing run and is expected to extend losses on Friday as investors anticipate an escalation in the Ukraine issue following Russia's withdrawal from the United Nations (UN) Human Rights Council. The members of the United Nations Human Rights Council agreed to expel Russia after Russian separatists committed war crimes in Bucha, Ukraine. As world nations isolate Russia from key communities, Russian President Vladimir Putin may de-escalate progress negotiations with Ukraine, resulting in an escalation of the Ukraine issue.

 

Meanwhile, the hawkish minutes of the European Central Bank's (ECB) March monetary policy meeting have done little to bolster the common currency. The majority of ECB policymakers have backed swift action via monetary policy to rein in spiraling inflation. Apart from that, the ECB should terminate its Asset Purchase Program (APP) now that its declared purpose has been met.

 

Along with the hawkish ECB minutes, the shared currency has been unable to profit on the Euro Retail Sales' outperformance. Eurostat reported Retail Sales at 5%, up from the preliminary estimate of 4.8 percent but notably below the prior print of 8.4 percent.

 

On the dollar front, the US dollar index (DXY) is on the lookout for a catalyst that could propel the asset toward the much-anticipated resistance level of 100.00. Federal Reserve (Fed) policymakers have begun to consider restoring policy rates to neutral in the face of rising inflation and the goal of a self-sufficient economy.

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