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February 9th - According to information obtained from Flat Glass Group, the companys sales department recently issued a price increase notice to its customers. Effective February 9th, 2026, the prices of disperse dyes will be adjusted accordingly. Specifically, nine products, including Disperse Black ECT (300%), will see a price increase of RMB 2,000 per ton, while Navy Blue HW-SR will see a price increase of RMB 3,000 per ton. The estimated price increase for these ten products is approximately 10%. A company representative stated that against the backdrop of rising global raw material prices, the companys main disperse dye products have already adjusted prices in line with industry trends, effectively passing on upstream cost pressures. Currently, product prices are showing a stable upward trend. The company will continue to monitor raw material market price trends, optimize its supply chain management and cost control system, and adjust its business strategies in a timely manner to effectively safeguard the interests of the company and all investors.On February 9th, Meituan announced its intention to acquire Dingdong Maicais China business. Following the announcement, some users on social media expressed concerns about Dingdong Maicais future product and service standards. In response to the acquisition, Dingdong Maicai (DDL.N) stated: "Currently, Dingdong Maicais business and team are operating normally and stably, and we will continue to provide high-quality products and services. Furthermore, this year Dingdong Maicai will operate without interruption during the Spring Festival for the ninth consecutive year, and all business teams will comprehensively ensure a smooth Spring Festival consumption experience for users."February 9th - According to statistics from Haikou Customs, during the first week of the Spring Festival travel rush (February 2nd-February 8th), Haikou Customs supervised a total of RMB 1.106 billion in duty-free shopping on Hainan Island, with 191,900 people making duty-free shopping trips and 895,000 items purchased, representing increases of 6.3%, 26%, and 9.4% respectively compared to the previous week.Hong Kong-listed chip stocks continued their upward trend in the afternoon, with Montage Technology (06809.HK) surging over 52.7% on its first day of trading, GigaDevice (03986.HK) rising over 11.5%, Shanghai Fudan (01385.HK) climbing over 10%, and Tianyu Semiconductor (02658.HK), Innoscience (02577.HK), and SMIC (00981.HK) all rising over 5%.On February 9th, Hou Xiaonan, CEO and President of China Literature Group (00772.HK), released an internal letter during the Spring Festival, systematically reviewing the companys business progress in 2025 and clearly defining "evergreen content, IP + AI, and globalization" as its three core strategic directions. In the letter, Hou Xiaonan stated that 2025 will be a year for China Literature to solidify its foundation and cultivate new momentum amidst deep industry adjustments. The biggest gain will not only be a series of blockbuster works, but also a more resilient and continuously evolving ecosystem. The internal letter shows that in 2025, while consolidating its core online literature business, China Literature will achieve breakthroughs on multiple fronts, including IP visualization, commercialization, globalization, and AI. Short dramas, comics, and derivative products will achieve large-scale growth, collectively forming the "second growth curve" of the IP ecosystem.

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

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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.


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