EUR/USD 1.14742
0.195%
Gold 4849.80
0.653%
Oil 97.803
-1.071%
USD/JPY 159.621
-0.146%
GBP/USD 1.32812
0.187%
GBP/JPY 212.003
0.102%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Hong Kong-listed tech stocks retreated, with Tencent Music-SW (01698.HK) falling over 6%, Tencent Holdings (00700.HK) dropping over 5%, and BOSS Zhipin (02076.HK) and Bilibili (09626.HK) both falling over 4%. Alibaba (09988.HK), Kuaishou (01024.HK), Baidu (09888.HK), NetEase-S (09999.HK) and other stocks followed suit.Eden Software (01147.HK), a Hong Kong-listed company, surged over 49% after its subsidiary entered into a strategic partnership with Super Fusion to promote the integration of computing power with enterprise AI application scenarios.Weibo (09898.HK) shares fell nearly 9% after the earnings report. The companys revenue for Q4 2025 was US$473.3 million, compared to US$456.8 million in the same period last year; net income was US$1.76 billion, flat year-on-year.1. Reuters poll: The Bank of Japan is expected to keep interest rates unchanged, with 60% of economists surveyed expecting a rate hike to 1% by the end of June. 2. ANZ: The Bank of Japan is expected to keep interest rates unchanged but will release hawkish signals, expecting a 25 basis point rate hike to 1% in April. 3. DBS: The Bank of Japan is expected to keep interest rates unchanged, possibly preferring to wait for the outcome of wage negotiations this spring; June-July presents a more suitable window for a rate hike than April. 4. Capital Economics: The Bank of Japan is expected to keep interest rates unchanged, with rising wages supporting a rate hike, but the Iranian conflict is the biggest variable, potentially delaying the rate hike further. 5. Daiwa Securities: The Bank of Japan is expected to keep interest rates unchanged; whether it raises rates in April could be a crucial turning point in determining market confidence in its commitment to tightening policies. 6. Allianz Group: The Bank of Japan is expected to keep interest rates unchanged; Kazuo Ueda may maintain the possibility of an April rate hike, while adding data-dependent conditions to hedge against any external shocks. 7. Mitsubishi UFJ: The Bank of Japan is expected to keep interest rates unchanged, but may raise them in April. Geopolitical risks have become the new normal, and stabilizing the yens exchange rate is becoming increasingly important for Japan. 8. Sumitomo Mitsui: The Bank of Japan is expected to keep interest rates unchanged and will focus on how rising oil prices will push up costs for petrochemical products and other oil-based commodities, and how these costs will be transmitted domestically. 9. Moodys Analytics: The Bank of Japan is expected to keep interest rates unchanged and may raise them to 1% around mid-year. Further weakening of the yen could prompt the central bank to raise rates later this year. 10. Natixis: The Bank of Japan is expected to keep interest rates unchanged and maintain a hawkish stance to avoid disrupting spring wage negotiations, while maintaining a tightening bias to alleviate new imported inflationary pressures. Hong Kong-listed OpenClaw concept stocks retreated, with XunCe (03317.HK) falling over 6%, MINIMAX-W (00100.HK) falling over 5%, and Zhipu (02513.HK) falling over 4%. Other stocks such as Tencent Holdings (00700.HK), Alibaba (09988.HK), Kingsoft Cloud (03896.HK), NetEase-S (09999.HK), and Baidu (09888.HK) also declined.

The AUD/USD has dropped from its monthly high at 0.6990 due to poor Australian PMIs and a rebound in the DXY

Alina Haynes

Jul 22, 2022 14:50

 截屏2022-07-22 上午10.06.52.png

 

After retesting the monthly high earlier in the day, the AUD/USD continued to slide in Friday's Asian trading. It drops back down to where it started the day, at 0.6916. Recent declines in the Aussie pair may be attributable to the poor prints of Australia's flash readings of S&P Global PMIs for July. The resurgence of the US dollar in the face of pessimistic attitude also affects the pair.

 

S&P Global Manufacturing PMI for Australia dropped to 55.7 in July from 56.2 in June and the 56.4 forecast. Additionally, the S&P Global Services PMI dropped to 50.4 during the mentioned month, which was below the 55.0 consensus and the 52.6 readings seen previously. Moreover, the S&P Global Composite PMI has dropped from 52.6 in prior readings to 50.6 today.

 

Conversely, as risk aversion returns to the market, the US Dollar Index (DXY) is gaining bids and is on track to revisit its intraday high at 106.70, up 0.12% on the day. It's worth remembering that the DXY dropped the day before because it was pegged to US Treasury rates, and that the benchmark 10-year bond coupons had their worst daily loss since mid-June.

 

The yield drop might be the result of a number of factors, including the European Central Bank's (ECB) surprise rate hike of 50 basis points (bps) and the implementation of a new tool known as the Transmission Protection Instrument (TPI) to manage irrational market dynamics in the area.

 

Additionally, the Nord Stream 1 pipeline from Russia restarting its gas exports to Europe boosted market sentiment and aided AUD/USD purchasers the day before.

 

In light of this, Wall Street benchmarks ended the day stronger and the 10-year Treasury rates for the US Treasury had their greatest daily decline in five weeks. However, as of the time of publication, S&P 500 Futures are down 0.50 percent.

 

The ECB's decision to limit the market's confidence as well as long-standing worries about a recession and COVID are the sources of the most recent dip in mood.

 

Nevertheless, the risk-off attitude may affect the AUD/USD pricing going ahead. However, pessimistic predictions for the US PMIs in July give purchasers reason for optimism.


Suggestion