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July 3rd - According to the State Administration for Market Regulation, in June 2016, the State Council issued the "Opinions on Establishing a Fair Competition Review System in Market System Construction," formally establishing my countrys fair competition review system. Over the past decade, a total of 1.88 million policy measures have been reviewed nationwide, with 123,000 policies and measures that excluded or restricted competition being repealed or revised. The fair competition review system has played a significant role in regulating local government economic promotion activities, breaking down local protectionism and market segmentation, and promoting the construction of a unified national market.Kioxia CEO: We see no signs of weak demand in the data center sector.July 3rd - KB Securities analysts Jeff Kim and others stated that SK Hynix is expected to benefit from accelerating AI infrastructure investment in the second half of the year, as well as a memory chip supply shortage projected to last until the end of 2028. The analysts stated, "Driven by the continued expansion of AI-related investments, the upward trend in SK Hynixs profits and stock price is far from over." KB Securities predicts that global AI investment will reach $800 billion in 2026, $1.1 trillion in 2027, and $1.5 trillion in 2028. KB has raised its 2026 operating profit forecast for SK Hynix by 3.6% to 290 trillion won.On July 3, European Central Bank President Christine Lagarde hinted on July 2 that she did not rule out the possibility of resigning her current post and running in next years French presidential election. In an interview that day, when asked if she would consider leaving office early if the eurozone inflation situation stabilized, Lagarde replied, "Possibly. I think there should be a European voice in the French presidential election." She also commented on Frances relationship with the EU, stating that if a presidential candidate raises the idea of "reducing Frances involvement in the EU" during election debates, someone needs to explain to voters that this path is not easy. "France will have to make bold decisions on thorny issues," she said, adding that voters expect to be told the truth and offered solutions, and "presidential candidates have a responsibility to examine these issues and propose solutions." When asked whether she would support a candidate or run herself, Lagarde initially answered "Im considering it," but then quickly corrected herself, saying she was joking.Indias final composite PMI for June was 57.1, compared to 57.4 in the previous month.

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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