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On September 18th, it was reported that Indias largest state-owned infrastructure finance institution has approved loans exceeding 30 billion rupees ($313 million) for at least four data centers, reflecting Indias growing push to participate in artificial intelligence (AI) infrastructure development. Rajkiran Rai G., Managing Director of the National Infrastructure and Development Finance Bank (NIDB), stated in an interview that these financing arrangements include a grace period of up to five years, followed by repayment over the next ten years. This demand for loans indicates a growing spending by Indian companies on large projects such as data centers. Global investors, from EQT AB and Blackstone Group to Alphabet Inc., as well as domestic conglomerates like Adani Group, have also committed billions of dollars to building AI computing infrastructure in the country.Goldman Sachs: We now expect total debt issuance by megacities to reach $420 billion in 2027, reflecting an upward revision to our capital expenditure forecast, which is more than 60% higher than our estimate of $250 billion for the whole of 2026.Tencent Wealth Managements current account + 7-day annualized yield ranges from a maximum of 1.4640% to a minimum of 0.7130%. WeChat Pays 7-day annualized yield ranges from a maximum of 1.01600% to a minimum of 0.8620%. Alipays Yuebaos 7-day annualized yield ranges from a maximum of 1.0700% to a minimum of 0.9000%.On September 18th, Futures News reported that the National Development and Reform Commission, the National Energy Administration, and the National Mine Safety Administration jointly issued a notice to accelerate the stable production and supply of coal through multiple measures. The notice stated that all coal-producing provinces (autonomous regions) and coal enterprises should, under the premise of ensuring safety, make every effort to ensure stable coal production and supply, continuously strengthen monitoring and scheduling, optimize production organization, actively and steadily promote the resumption of production at coal mines, accelerate the acceptance of coal mines undergoing joint trial operation, and promote a steady recovery in coal production to provide strong support for economic growth and energy supply. At the same time, the notice also put forward requirements for the signing and fulfillment of medium- and long-term contracts for thermal coal, leveraging the supplementary role of imports, and promoting the construction of successor coal production capacity. Next, relevant departments will strengthen overall coordination, guide all coal-producing provinces (autonomous regions) and coal enterprises to promptly implement various work arrangements, adjust and improve policies and measures, release coal production capacity reserves in a timely manner, and make every effort to stabilize coal production and supply and promote stable market operation.September 18th - The State Council Information Office will hold a press conference on the theme of "Starting the 15th Five-Year Plan" at 10:00 AM on Sunday, September 20th, 2026. Shu Wei, spokesperson and deputy director of the State Administration for Market Regulation, and Yang Sheng, deputy director of the National Medical Products Administration, will introduce the relevant situation regarding promoting high-quality development of market regulation during the 15th Five-Year Plan period and answer questions from reporters.

Since the focus has shifted to the Fed's policies and oil prices have increased, the USD/CAD has remained relatively stable at 1.2900

Daniel Rogers

Jul 25, 2022 11:46

截屏2022-07-25 上午9.52.23.png 

 

For now, the USD/CAD is struggling due to its inability to stay above the 1.2920 level. Selling pressure and a decrease in the asset are to be expected as investors await the Federal Reserve's interest rate announcement (Fed). The asset has been trading in a range of 1.2855 to 1.2937, but it showed strong recovery on Friday after maintaining its position around the weekly support level.

 

On Wednesday, the Federal Reserve (Fed) will declare its monetary policy, hence the US dollar index (DXY) is likely to remain quiet until after the Fed's announcement. Because of the ongoing damage to US households from rising prices, an announcement of a rate hike is expected soon. The scale of the same, though, will remain the primary worry. There is a good possibility that the Fed will implement a second rate hike of 75 basis points (bps).

 

There is no question that the financial community has not found a significant indication that may suggest that the pricing pressures have reached their limit, but slowdown indicators have intensified as Friday's PMI remained negative and big-name Wall Street earnings are not appealing to investors.

 

The loonie remained weak even after the release of Canada's Consumer Price Index (CPI). Total inflation for the year was 8.1%, which was up from 7.7% in the previous report but lower than the 8.4% forecast. There was also a rise of 10 basis points in the core CPI, which now stands at 6.20 percent rather than the previous edition's 6.10 percent.


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