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September 9th - Apples 2026 fall product launch event will be held in the early hours of September 10th Beijing time. Industry insiders expect the iPhone 18 Pro series and Apples first foldable screen product to be unveiled. It was also learned on September 9th that this years Apple products will continue to be launched simultaneously on Meituan Flash Sale. On the day of release, Apple Authorized Stores across the country will offer genuine products with in-stock delivery services as fast as 30 minutes.On September 9th, according to US media reports, Indonesian AI infrastructure platform Zankore, backed by Nvidia, signed a $3.1 billion loan agreement on Wednesday to purchase advanced chips, highlighting Asias surging demand for computing power. According to a Zankore statement, Citigroup, ING, Natixis, Qatar National Bank, and UOB underwrote the loan, making it one of the largest AI infrastructure financings in Asia. Citigroup served as the sole debt advisor for the deal. GPU financing is becoming the next frontier for AI lenders, with banks and private credit moving beyond data centers to focus on the hardware that powers them. In Asia, bank-led deals have been scarce due to uncertainty surrounding chip residual value and geopolitical risks stemming from the US-China technology competition.On September 9th, OpenAIs CFO stated that the company is considering reforming its pricing model, testing a new performance-based pricing model, gradually moving away from pay-per-use pricing, and competing with lower-priced open-source models.On September 9th, Hunan Gold announced that on September 9th, 2026, the company received a document forwarded by its controlling shareholder, Hunan Provincial Mineral Resources Group Co., Ltd., entitled "Approval from the Hunan Provincial State-owned Assets Supervision and Administration Commission Regarding Hunan Gold Co., Ltd.s Issuance of Shares to Purchase Assets and Raise Supporting Funds and Related Party Transactions" (Xiang Guo Zi Chan Quan Han [2026] No. 47). The main contents are as follows: 1. The company is approved in principle to acquire 100% equity of Hunan Gold Tianyue Mining Co., Ltd. and 100% equity of Hunan Zhongnan Gold Smelting Co., Ltd. through the issuance of shares, with the purchase price not lower than the asset appraisal value filed with the Hunan Provincial State-owned Assets Supervision and Administration Commission. 2. The company is approved in principle to raise supporting funds of no more than RMB 1.05 billion through a non-public offering of shares.The Slovakian government has approved a plan to purchase four additional F-16 fighter jets at an estimated cost of €390 million.

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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