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On April 3, the Department of Foreign Investment Administration of the Ministry of Commerce issued a statement regarding a recent complaint on the Ministrys website alleging that an app called "Invest in China" was falsely claiming to be "sponsored by the Ministry of Commerce" and was enticing users to subscribe to funds on related platforms, posing a significant risk. The Ministry of Commerce hereby responds as follows: Upon verification, the Ministry of Commerce and its subordinate agencies have never organized, participated in, or operated any app application bearing the name "Invest in China," nor have they organized any subscription activities under the name "Invest in China." The public is urged to be vigilant and avoid being deceived and suffering financial losses. The Ministry of Commerce has also notified relevant departments to handle the matter.April 3rd - It was learned today that the State Administration for Market Regulation recently conducted random inspections of 2,235 batches of food safety samples, finding 44 batches to be substandard. Relevant provincial market supervision departments have organized investigations and taken appropriate action regarding the substandard food products discovered during the inspections.Iranian Foreign Ministry Spokesperson: However, Iran is stronger, prouder, and greater than ever before.Ukrainian President Volodymyr Zelensky: I spoke with Pope Leo XIV. I discussed the negotiation process and cooperation with the US team, and we also discussed the situation in the Middle East and the Gulf region.On April 3, *ST Guandian announced that it received a "Notice of Case Filing" from the China Securities Regulatory Commission (CSRC) on April 3, 2026. The CSRC has decided to file a case against the company for suspected violations of information disclosure regulations. During the investigation, the company will actively cooperate with the relevant investigation and strictly fulfill its information disclosure obligations in a timely manner in accordance with regulatory requirements.

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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