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On March 25th, Zhihu (02390.HK) announced in Hong Kong that its revenue for the full year of 2025 was RMB 2.75 billion, including RMB 644 million in revenue in the fourth quarter; the adjusted net profit for the full year was RMB 37.9 million. This marks the first time Zhihu has achieved full-year non-GAAP profitability.On March 25th, Kingsoft Corporation (03888.HK) announced that its revenue for the fourth quarter of 2025 was RMB 2.618 billion, a year-on-year decrease of 6% and a quarter-on-quarter increase of 8%. Revenue from office software and services, online games, and others accounted for 67% and 33% of the Groups total revenue in the fourth quarter of 2025, respectively. Revenue from office software and services in the fourth quarter of 2025 was RMB 1.75 billion, a year-on-year increase of 17% and a quarter-on-quarter increase of 15%. The Board of Directors recommends a final dividend of HK$0.13 per share for the year ended December 31, 2025 (2024: HK$0.15 per share).Northern Mining (00433.HK): All conditions precedent to the very substantial disposal have been duly satisfied, and completion was achieved on March 25, 2026.Switzerlands ZEW Economic Situation Index for March was 2.5, compared to -2.5 in the previous month.On March 25, European Central Bank (ECB) President Christine Lagarde stated that the ECB could raise interest rates as early as April if the inflationary shock triggered by the war with Iran spirals out of control. Speaking at a conference, Lagarde said, "We are prepared to adjust our policy at any meeting if necessary." However, she emphasized that it is "too early" to make any decisions on interest rates, as policymakers still need to "assess the nature, scale, and persistence of the expected sharp rise in inflation caused by rising energy prices." Lagarde told central bank observers at the conference that the impact of the conflict is not yet sufficient to prompt immediate action from the ECB. She stated, "If the current energy market shock can be contained, its impact on overall inflation is likely to be limited." She stressed that central bank officials "cannot lower energy prices," but must pay attention to their impact on "comprehensive" inflation and "second-round effects through wages and inflation expectations."

Early Support for ETH and BTC, with US Economic Indicators in Focus

Alina Haynes

Nov 03, 2022 19:39

 截屏2022-11-03 下午7.34.53.png

 

Wednesday saw Bitcoin (BTC) and Ethereum (ETH) join the larger market in the red. The NASDAQ Composite Index, Bitcoin, and Ethereum all fell in response to Fed Chair Powell's news conference. Nevertheless, the technical indications continue to be optimistic, indicating upward price trends. On Wednesday, Ethereum (ETH) fell 3.80%. Reversing Tuesday's gain of 0.32%, ETH closed the day at $1,518.

 

After a turbulent morning session, ETH recovered to a high of $1,622 by late afternoon. ETH surpassed the First Major Resistance Level (R1) at $1,606 prior to falling to a late low of $1,506. ETH ended the day below $1,520 after breaking through the First Major Support Level (S1) at $1,556 and the Second Major Support Level (S2) at $1,535.

 

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On Wednesday, the price of bitcoin (BTC) plummeted by 1.63 percent. BTC ended Tuesday at $20,165, a decrease of 0.04% from its opening price.

 

BTC rose to a high of $20,817 in response to the FOMC Statement, following a range-bound morning. BTC surpassed the First Major Resistance Level (R1) at $20,686 before falling to an intraday low of $20,086. BTC went below the First and Second Major Support Levels (S1 and S2) at $20,327 and $20,154, respectively.

 

In accordance with forecasts, the Fed raised rates by 75 basis points on Wednesday. The FOMC Statement hinted at a likely policy move in December, lending credence to December Fed pivot wagers. The Rate Statement pushed BTC and ETH to their daily peaks.

 

However, Fed Chair Powell dashed prospects for a reversal, citing excessive inflation and the need to continue forward. Powell remarked that the "final level of interest rates will be higher than anticipated."

 

As a result, the NASDAQ Composite Index fell 3.36 percent, sending BTC and ETH into the negative.

 

Today, attention will be on US factory orders, jobless claims, and the ISM Non-Manufacturing PMI. We anticipate the PMI and its subcomponents to have the most effect.

 

Due to the sensitivity of BTC and ETH to US economic statistics and the FED, the correlation with the NASDAQ Composite Index remains intact. The NASDAQ 100 Mini was up 35 points this morning.


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