• English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On January 19, China Taiping (00966.HK) announced on the Hong Kong Stock Exchange that the Groups profit attributable to shareholders for the year ended December 31, 2025, is expected to increase by approximately 215% to 225% compared to the same period last year. The profit attributable to shareholders for the year 2024 was HK$8.432 billion.January 19th - On January 15th, Dai Houliang, Chairman of China National Petroleum Corporation (CNPC), met with Canadian Prime Minister Mark Carney in Beijing. The two sides exchanged views on promoting and expanding Sino-gas cooperation.The yield on Japans 40-year government bonds rose to 3.895%, a record high.On January 19th, Peng Yongtao, Director of the Service Industry Survey Center of the National Bureau of Statistics, stated that the service sector contributed 61.4% to national economic growth, an increase of 3.7 percentage points from the previous year; the service sector boosted GDP growth by 3.0 percentage points, an increase of 0.1 percentage points from the previous year; and the service sectors added value accounted for 57.7% of GDP, an increase of 0.9 percentage points from the previous year. In the fourth quarter, the added value of the service sector reached 21,594.8 billion yuan, a year-on-year increase of 5.2%, contributing 63.2% to economic growth and boosting GDP growth by 2.8 percentage points. The service sectors added value accounted for 55.7% of GDP. In December, the service sector production index increased by 5.0% year-on-year, 0.8 percentage points faster than in November.On January 19th, Hong Kong stocks opened lower and continued to decline throughout the morning session. The Hang Seng Index closed down 0.99% at 26,578 points, while the Tech Index closed down 1.15% at 5,755.35 points. On the sector front, airline stocks performed well, while department store and power equipment stocks led the gains, and the tourism and sightseeing sector rebounded. Pharmaceutical outsourcing concepts led the declines, followed by cosmetics and short video concept stocks, and some AI application stocks also fell. In terms of individual stocks, China Eastern Airlines (00670.HK) rose 8.8%, China Southern Airlines (01055.HK) rose 6.5%, Li Ning (02331.HK) rose 4.2%, Mengniu Dairy (02319.HK) rose 3.5%, and Baidu (09888.HK) rose 2.5%; MINIMAX-WP (00100.HK) fell more than 10%, Zhipu (02513.HK) fell 9.8%, Bilibili (09626.HK) fell 7.7%, WuXi Biologics (02269.HK) fell 5.8%, Hua Hong Semiconductor (01347.HK) fell 4.3%, and Alibaba (09988.HK) fell 3.3%.

NZD/USD falls rapidly from 0.6260 when the RBNZ announces a decline in inflation projections to 3.07 percent

Daniel Rogers

Aug 08, 2022 12:00

 截屏2022-08-08 上午11.52.29.png

 

The NZD/USD pair has encountered selling pressure while attempting to surpass the immediate resistance level of 0.6260. The asset has seen bids after the Reserve Bank of New Zealand (RBNZ) announced inflation estimates at 3.07 percent, down from 3.29 percent previously. It could be an indication of waning price pressure, but additional evidence is still needed to support the argument.

 

Price pressures in the New Zealand economy are increasing and have not yet shown signs of weariness. A June report indicates that an inflation rate of 7.3% is adequate to generate headwinds for families. The RBNZ is consistently escalating its policy tightening measures to combat the same. RBNZ Governor Adrian Orr has already increased the Official Cash Rate by 2.50 percentage points.

 

On the front of the US dollar, the US dollar index (DXY) has returned all intraday gains and is currently trading near the day's open at 106.60. While attempting to break over the crucial resistance level of 106.80, the DXY has encountered selling pressure. This week, investors' attention is centered on Wednesday's release of the US Consumer Price Index (CPI).

 

The annual inflation rate is projected to continue at 8.7 percent, down from 9.1 percent in the previous report. Oil prices have been on a downward trend in July, which may be the determining factor for a significant decline in the price increase index. While the US CPI excluding volatile food and oil prices may increase from 5.9 percent to 6.1 percent, the previous reading was 5.9 percent.