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On January 11, media reported that the planned visit to Somalia by Wang Yi, member of the Political Bureau of the CPC Central Committee and Foreign Minister, originally scheduled for January 9, had been postponed. A spokesperson for the Chinese Embassy in Somalia stated that, following friendly consultations between the Chinese and Somali foreign ministries, China adjusted Wang Yis itinerary due to scheduling conflicts. Both sides are maintaining communication regarding the next steps. China has always attached great importance to its strategic partnership with Somalia, firmly supports Somalias just claims to safeguard its sovereignty, unity, and territorial integrity, and is willing to work with Somalia to continue to deepen and develop cooperation in various fields.According to Iranian state media, the Iranian police chief stated that the confrontation with rioters has intensified.On January 11, according to an announcement by XIANLE Health, the company held its 17th meeting of the fourth board of directors on January 8, 2026. The board approved the companys plan to issue H shares and list them on the Hong Kong Stock Exchange. The shares issued will be H ordinary shares listed on the Main Board of the Hong Kong Stock Exchange, denominated in RMB but subscribed in foreign currency, with a par value of RMB 1.00 per share. The company will complete the H-share listing at an appropriate time and through an issuance window within the validity period of the shareholders meeting resolution. The specific issuance and listing time will be determined by the board of directors or its authorized personnel, either individually or jointly, on behalf of the company, based on international capital market conditions, the progress of approvals and filings by domestic and foreign regulatory authorities, and other relevant circumstances.The China Earthquake Networks Center officially determined that a 3.3-magnitude earthquake occurred in Ruoqiang County, Bayingolin Mongol Autonomous Prefecture, Xinjiang, at 14:57 on January 11, with a focal depth of 25 kilometers.On January 11, at the 30th China Capital Market Forum, Chen Huaping, Vice Chairman of the China Securities Regulatory Commission (CSRC), stated that the 15th Five-Year Plan period is a crucial time for advancing Chinese-style modernization and accelerating the construction of a financial powerhouse. The CSRC will focus on the main theme of preventing risks, strengthening regulation, and promoting high-quality development. He indicated that the CSRC will further enhance the effectiveness of regulatory enforcement, continuously improve the investor education, service, and protection system, adhere to strict regulation according to law, focus on cracking down on major and egregious violations, severely punish all kinds of malicious illegal activities, and promote the implementation of more special representative litigation and advance compensation cases to enhance investor trust and confidence.

Natural Gas Price News: XNG/USD prompts a three-day recovery near the monthly apex near $2.50 due to the strengthening of the US Dollar

Daniel Rogers

Apr 19, 2023 15:46

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During the early hours of Wednesday morning in Europe, the price of natural gas (XNG / USD) reverses course from its greatest levels in a month to post modest losses of approximately $2.51. As a result, the energy instrument breaks a three-day winning stretch amid negative sentiment and the most recent dollar recovery.

 

Recent news articles concerning the US House China Committee's discussion of the Taiwan invasion scenario and a likely delay on the US debt ceiling decision appear to have agitated the risk profile. Recent unfavorable US data and hawkish Fed forecasts may be on the same trajectory. It should be noted that a divided earnings season influences sentiment and the price of Natural Gas.

 

In addition, Bloomberg released news indicating China's involvement in the Russia-Ukraine conflict, which, along with US President Joe Biden's reluctance to negotiate the debt limit, weighed on sentiment.

 

The recent decline in the XNG/USD price appears to be the result of a combination of factors, including reports that the United Kingdom has sufficient natural gas supplies to last through the winter and concerns about the likelihood of milder weather in the West. The Financial Times (FT) may have reported similar information: "The EU is storing record amounts of natural gas after a milder-than-expected winter, bolstering hopes that the bloc can wean itself off imports from Russia." According to the industry group Gas Infrastructure Europe, the bloc's storage capacity reached 55.7% at the beginning of the month, the highest level for early April since at least 2011.

 

In spite of this, the US Dollar Index (DXY) reverses its previous recovery from a one-year low and gains offers to 101.80 at the latest.

 

The previous day, the dollar index versus six main currencies reversed course in response to declining yields. In spite of this, US 10-year and 2-year Treasury bond coupons declined for the first time in four days by the end of Tuesday, hovering around 3.59 and 4.29 percent at the time of publication.

 

As a result of these trades, S&P 500 Futures have retreated from their greatest levels since early February, which were recorded the day before, and are currently trading near 4,178. Notable is the fact that the US stock futures ended their two-day winning trend with the most recent inactivity.

 

The news surrounding China and the US Federal Reserve (Fed), as well as the Fed Beige Book, can occupy Natural Gas traders until Thursday's release of weekly inventory data from the US Energy Information Administration (EIA).

 

 


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