EUR/USD 1.16378
0.052%
Gold 4504.66
-0.063%
Oil 90.998
-1.568%
USD/JPY 159.209
-0.051%
GBP/USD 1.34539
0.054%
GBP/JPY 214.203
0.007%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On May 27th, the Shanghai Municipal Peoples Government released its implementation opinions on promoting the expansion and quality improvement of the service industry. The opinions propose accelerating the development of the R&D service industry, encouraging the construction of various R&D institutions such as manufacturing innovation centers and enterprise R&D centers, guiding the expansion and upgrading of enterprise R&D institutions, and promoting the establishment of market-oriented and entity-operated R&D enterprises. The opinions also promote the transformation of scientific and technological achievements, supporting the construction of high-quality incubators, proof-of-concept centers, and other platforms for the transformation of scientific and technological achievements. Furthermore, the opinions emphasize enhancing professional incubation and resource linkage capabilities around the three leading industries and the forefront of future industries. Finally, the opinions support enterprises in developing new models and new forms of technology services such as AI+scientific research, shared scientific research, cloud-based collaborative R&D, and intelligent agent R&D in fields such as intelligent manufacturing and biomedicine.On May 27th, the Shanghai Municipal Peoples Government released its implementation opinions on promoting the expansion and quality improvement of the service industry. The opinions propose increasing the supply of intelligent and green products and guiding the green construction and operation of digital infrastructure such as intelligent computing centers and data centers. They also emphasize strengthening green energy services, improving and promoting direct green electricity connections, green electricity trading, and green electricity certificate trading to boost green electricity consumption and encourage the priority use of green energy and the procurement of green products and services. Furthermore, the opinions call for accelerating the green transformation of buildings, supporting near-zero energy consumption upgrades, and constructing a number of zero-carbon industrial parks and zero-carbon supply chain demonstration projects. Finally, the opinions advocate developing new green consumption models, creating new diversified and integrated service consumption scenarios for green and sustainable development, and holding a green consumption season themed activities.Reserve Bank of New Zealand Governor Brehman: The current official cash rate remains slightly accommodative.On May 27th, the second domestically built large cruise ship, "Aida Huacheng," completed its 12-day sea trial and docked at port. During the sea trial, technicians completed acceptance tests on key and challenging aspects, including the main propulsion system, ship handling, speed durability, overall vibration and noise levels, unmanned cabin operation, and rescue boat deployment. All 45 commissioning procedures and 149 test verifications covered by the sea trial were completed, comprehensively and to a high standard verifying the ships maneuverability, automation level, safety, comfort, and emissions standards. After the sea trial, the second domestically built large cruise ship will gradually advance towards regional and system completion and submit the project for acceptance to the shipowner, with a planned delivery and operation in November this year. After delivery, it will begin its maiden voyage from Guangzhou Nansha International Cruise Home Port.Reserve Bank of New Zealand Governor Brehman: Overall, the official cash rate (OCR) is likely to be raised at the next few meetings.

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

Alina Haynes

Mar 14, 2023 13:12

截屏2023-01-19 下午3.42.24.png 

 

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%.

Suggestion