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February 16th - Iran and the United States are scheduled to hold their second round of indirect talks on February 17th in Geneva, Switzerland. Ahead of the talks, Iran stated that it seeks a nuclear agreement with the United States that would bring economic benefits to both sides. According to Irans Fars News Agency on February 15th, Hamid Gambari, Irans Deputy Foreign Minister in charge of economic affairs, said, "To ensure the sustainability of the agreement, it is crucial that the United States also benefits in areas where it can quickly obtain high economic returns." He indicated that the second round of indirect talks on the 17th will cover shared interests in areas such as oil and gas fields, joint mining operations, mining investment, and even aircraft procurement.The yield on Japans 40-year government bonds rose 7.0 basis points to 3.725%, while the yield on Japans 30-year government bonds rose 5.0 basis points to 3.485%.February 16th - Recently, due to a surge in global demand for GLM-5, concurrent access has exceeded the planned limits, leading to queuing, response delays, and lag, impacting the experience for some users. Although Zhipu (02513.HK) has repeatedly expanded its domestic chip cluster and released limited GLM Coding Plan packages, it has not been able to completely resolve the current supply shortage. Zhipu is now launching a "Computing Power Partner" recruitment program: 1. Chip Manufacturers: Zhipu is willing to open its core technology interfaces to jointly conduct underlying optimizations for GLM-5. 2. Computing Power Partners and Inference Service Providers: Jointly build a higher concurrency, lower latency inference network. 3. Other forms of computing power cooperation.Xiaomi Group (01810.HK): On February 16, the company repurchased 1.5 million Class B shares for HK$54.7 million.February 16th - The State Power Investment Corporation (SPIC) Party Committee issued its 2026 Spring Festival Address: 2025 marked the final year of the 14th Five-Year Plan. The Group achieved remarkable results in serving the overall national development strategy, actively expanding effective investment, with total installed capacity reaching 287 million kilowatts, an increase of 8.4%, assets approaching 2 trillion yuan, operating revenue exceeding 400 billion yuan, and total profit surpassing 50 billion yuan. Major projects progressed smoothly; the "Guohe-1" demonstration project was completed and put into operation, and the first prototype of the 300 MW F-class heavy-duty gas turbine passed preliminary reliability verification. Two major projects were selected as achievements of the Ministry of Industry and Information Technologys 2025 "Major National Projects Supporting the Construction of a Strong Nation." In 2026, the Group will deepen enterprise reform, accelerate strategic implementation, adhere to innovation-driven development, strengthen digital and intelligent empowerment, prevent and resolve risks, and strive to create a new situation for reform and development.

Gold Price Forecast: XAU/USD views $1,800 as upbeat US labor market fuels hawkish Fed wagers

Alina Haynes

Mar 09, 2023 13:55

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Gold price (XAU / USD) appears vulnerable above $1,810.00 as the upside appears constrained by rising Federal Reserve rate expectations (Fed). The precious metal is anticipated to resume its decline as strong United States Employment data reported by Automatic Data Processing (ADP) has confirmed that January's strong consumer spending and higher payrolls were not a one-time blow to the Consumer Price Index's decline (CPI).

 

S&P500 futures have given up the slight gains they made on Wednesday during the Asian session. As China's CPI and Producer Price Index (PPI) figures indicate deflation, the risk-aversion theme has intensified. The US Dollar Index (DXY) has maintained a sideways trend above 105.20 as investors await the publication of US Nonfarm Payrolls (NFP) data for fresh direction signals. The alpha provided by 10-year US Treasury bonds has risen above 3.98 percent.

 

The official US Employment data is expected to indicate a decline in the payrolls to 203K from the former release of 514k. A figure of 203K is not as terrible as January's 514K figure, but it appears insignificant in comparison. Investors should be aware that a figure of 514K in the last seven months was exceptional.

 

Aside from that, it is anticipated that the unemployment rate will remain at a multi-decade low of 3.4%. The Average Hourly Earnings are expected to ascend to 4.8% on an annual basis. Household income may increase consumer expenditure. Jerome Powell, the chairman of the Federal Reserve, has already confirmed that the Fed will increase interest rates in order to reduce inflation.


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