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According to Wenjie Auto, the Wenjie M6 has delivered over 20,000 units.The Hang Seng Tech Index rebounded, extending its gains to 2%; the Hang Seng Index is currently up 0.33%.On May 26th, the Xiongan New Area Housing Management Center issued a notice regarding the optimization and adjustment of housing provident fund withdrawal and loan policies. The notice states that for employees who meet the conditions for rent withdrawal in the New Area, the maximum withdrawal amount is increased to 17,000 yuan per year if they have not registered their housing rental contract; and to 25,000 yuan per year if they have registered their housing rental contract through the "Hebei Xiongan New Area Housing Rental Information Service Platform." For employees purchasing owner-occupied housing in the New Area and applying for a housing provident fund loan, the maximum loan amount is increased to 800,000 yuan. For employees of Beijing-based relocated units whose housing provident fund contributions are located in the New Area and who purchase owner-occupied housing in the New Area, the maximum loan amount is increased to 1.2 million yuan. For families with two or more children purchasing owner-occupied housing in the New Area and applying for a housing provident fund loan, the maximum loan amount is increased by 200,000 yuan. For employee families with only one fully repaid housing provident fund loan record nationwide and no housing in the New Area, the first-time homebuyer housing provident fund loan policy will apply.The Central Bank of Sri Lanka raised its overnight policy rate to 8.75%.On May 26, Bank of Japan Deputy Governor Ryozo Himino stated that the Bank of Japan will monitor the impact of the Middle East situation on the Japanese economy and prices while assessing the timing and pace of policy adjustments. He indicated that the Bank of Japan will continue to raise policy interest rates and adjust the degree of monetary easing based on economic activity, price levels, and financial conditions.

Natural Gas prices fall below $2.70 despite USD Index attempts to recover, and demand concerns grow

Alina Haynes

Mar 14, 2023 13:12

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After a perpendicular recovery to close to $2.70 in the Asian session, Natural Gas futures have turned sideways. Weakness in the US Dollar Index (DXY), in general, has aided the upward bias in natural gas prices. Natural Gas futures appear vulnerable near $2.70 as the USD Index has demonstrated a recovery move to near 103.90 as investors become anxious ahead of the release of the United States Consumer Price Index (CPI) data.

 

The Federal Reserve's decision to raise interest rates is anticipated to have a negative impact on industrial demand for natural gas (Fed). The market anticipates that Fed chair Jerome Powell's scheduled rate hikes will lead to a recession in the near future.

 

Meanwhile, Winter is nearing its conclusion and summer has not yet arrived. Consequently, demand for residential purposes to heat domestic spaces will remain low. Additionally, because residences will require less electricity to operate air conditioners, power companies are less reliant on natural gas.

 

The recent decline in the USD Index is what has given Natural Gas prices new life. The US Energy Information Administration's (EIA) inventory data, which is released every Thursday, will dominate this week's trading in Natural Gas futures.

 

Going forward, investors eagerly anticipate the publication of US inflation data in order to form a new consensus. According to the projections, the headline CPI could fall to 6.0% from the previous release of 6.4%. And, core inflation, which excludes crude and food prices, is anticipated to decrease slightly to 5.5% from the previous release of 5.6%.

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