EUR/USD 1.19181
-0.439%
Gold 5086.92
-5.385%
Oil 64.947
-0.452%
USD/JPY 154.038
0.608%
GBP/USD 1.37595
-0.361%
GBP/JPY 211.955
0.255%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On January 30th, Vanke Enterprise (02202.HK) announced on the Hong Kong Stock Exchange that it expects a net loss of approximately RMB 82 billion for 2025, compared to a loss of RMB 49.478 billion in the same period last year. The company anticipates a loss in 2025 primarily due to a significant decrease in the settlement scale of real estate development projects, resulting in a still low gross profit margin; new provisions for credit impairment and asset impairment; overall losses from certain operating businesses after deducting depreciation and amortization; losses from certain non-core financial investments; and some large-scale asset and equity transactions being priced below book value.The UK and Germany will host a meeting of the Ukraine Defense Liaison Group on February 12.On January 30th, Ourpalm announced that it expects a net loss of 90 million to 180 million yuan in 2025. The company anticipates a net loss primarily due to the decline in business of its major investee company, Webzen Inc., and signs of impairment. It anticipates making an impairment provision of 150 million to 250 million yuan for this long-term equity investment (the final impairment amount is subject to assessment and audit by intermediary institutions). In addition, the companys operating revenue also declined year-on-year during the reporting period due to factors such as the decline in revenue from mature game projects as product lifecycles change and the fact that newly developed SLG games have not yet been officially launched and promoted on a large scale.Raymond J. Financial: Upgraded SanDisk (SNDK.O) from Market Perform to Outperform.January 30th - Ukraine is facing serious new nuclear security risks. A Russian attack aimed at disrupting its power grid has left the countrys three operating nuclear power plants without a stable power supply. Diplomats held an emergency meeting of the International Atomic Energy Agency (IAEA) in Vienna to discuss the impact of the Kremlins attacks on critical infrastructure needed to maintain the operation of Ukrainian reactors. Months of attacks have not only left millions facing a dark and cold winter but have also increased the likelihood of a nuclear accident. This is because nuclear power generation, unlike fossil fuel or renewable energy plants, requires a continuous current to maintain its safety systems. If power is cut off, the fuel inside the reactor core could overheat, leading to a dangerous release of radioactive material. European countries have requested the IAEA to provide a detailed assessment of Ukraines vulnerability by next month. Currently, monitoring personnel stationed in Ukraine are inspecting key substations necessary for power transmission.

The EUR/GBP exchange rate recovers above 0.8000 in advance of Eurozone inflation and UK gross domestic product

Alina Haynes

Mar 30, 2023 16:05

 EUR:GBP.png

 

The EUR/GBP pair extended its recovery above 0.88 during the Asian trading session. Anticipating that the European Central Bank (ECB) will continue to raise interest rates to combat persistent inflation, the cross has depreciated progressively. Friday will see the publication of preliminary Eurozone Harmonized Index of Consumer Prices (HICP) and Gross Domestic Product (GDP) (Q4) figures. Prior to the publication of these figures, it is anticipated that the asset will exhibit explosive activity.

 

It is anticipated that the preliminary Eurozone HICP will decelerate significantly from 8.5% to 7.3%. While it is anticipated that the core HICP will rise to 5.7% from 5.6% in the previous release. Weak energy prices are anticipated to have a significant impact on Eurozone inflation. In light of Christine Lagarde's prediction that inflation will remain elevated for an extended period of time, the European Central Bank (ECB) is expected to continue tightening monetary policy.

 

In the interim, banking tensions are subsiding as the absence of information regarding additional collateral damage has a positive impact on the market. Chief Economist Philip Lane stated on Wednesday that ECB interest rates must rise if banking tension has no or a "relatively limited" impact.

 

Investors avidly anticipate the United Kingdom's Gross Domestic Product (GDP) data. According to the consensus, the United Kingdom's growth in the fourth quarter of CY2022 remained unchanged. It is anticipated that the annual GDP will remain unchanged at 0.4%. It is expected that the British economy will undergo a severe recession as a result of high inflation and sluggish growth.

 

The Bank of England (BoE) policymakers appear confident that inflation will moderate in the near future and that the unexpected rise in February's inflation was a one-time anomaly; however, the absence of evidence raises doubts. If inflation persists, BoE Governor Andrew Bailey stated that additional rate increases would be announced. In contrast, Bank of America (BoA) analysts anticipate that the Bank of England (BoE) will not increase rates and will maintain current levels until 2024.


Suggestion