EUR/USD 1.17101
-0.119%
Gold 4864.00
2.115%
Oil 59.629
0.294%
USD/JPY 157.925
-0.135%
GBP/USD 1.34331
-0.068%
GBP/JPY 212.148
-0.191%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
According to Nikkei: Japanese automakers, including Toyota, will focus on chip supply.On January 21st, Xianghe Industry announced that it expects to achieve a net profit attributable to shareholders of the listed company of RMB 120 million to RMB 148 million in 2025, an increase of RMB 44.6092 million to RMB 72.6092 million compared with the same period last year, representing a year-on-year growth of 59.17% to 96.31%. It also expects to achieve a net profit attributable to shareholders of the listed company after deducting non-recurring gains and losses of RMB 119 million to RMB 147 million, an increase of RMB 43.4795 million to RMB 71.4795 million compared with the same period last year, representing a year-on-year growth of 57.57% to 94.65%. The main reasons for the companys performance growth during the reporting period are: steady growth in core business, changes in product structure, cost reduction and efficiency improvement leading to increased profitability, and an overall increase in gross profit margin year-on-year.Hekang New Energy: It is expected that the annual net profit attributable to the parent company in 2025 will be RMB 50 million to RMB 75 million, representing a year-on-year increase of 385.62% to 628.43%.Baiao Intelligent: It is expected that the net profit attributable to the parent company in 2025 will be 90 million yuan to 120 million yuan, representing a year-on-year increase of 228.34% to 337.79%.On January 21st, the Shanghai Futures Exchange (SHFE) warehouse receipts and their changes were as follows: 1. Hot-rolled coil futures warehouse receipts: 189,902 tons, a decrease of 300 tons compared to the previous trading day; 2. Copper futures warehouse receipts: 145,581 tons, a decrease of 2,612 tons compared to the previous trading day; 3. Petroleum asphalt plant warehouse futures warehouse receipts: 30,810 tons, unchanged compared to the previous trading day; 4. Petroleum asphalt warehouse futures warehouse receipts: 15,010 tons, a decrease of 1,100 tons compared to the previous trading day; 5. Alumina futures warehouse receipts: 119,128 tons, an increase of 3,012 tons compared to the previous trading day; 6. Zinc futures warehouse receipts: 31,047 tons, a decrease of 1,338 tons compared to the previous trading day; 7. Natural rubber futures warehouse receipts: 109,870 tons, unchanged compared to the previous trading day; 8. Silver futures warehouse receipts: 600,779 kg, a decrease of 17,803 kg compared to the previous trading day; 9. Butadiene rubber futures warehouse receipts: 25,630 tons, up 1,300 tons from the previous trading day; 10. Medium-sulfur crude oil futures warehouse receipts: 3,464,000 barrels, unchanged from the previous trading day; 11. Lead futures warehouse receipts: 27,564 tons, unchanged from the previous trading day; 12. TSR20 rubber futures warehouse receipts: 55,742 tons, down 1,008 tons from the previous trading day; 13. Rebar warehouse futures warehouse receipts: 28,244 tons, unchanged from the previous trading day; 14. Pulp warehouse futures warehouse receipts: 128,554 tons, unchanged from the previous trading day; 15. Pulp mill warehouse futures warehouse receipts: 11,000 tons, unchanged from the previous trading day; 16. International copper futures warehouse receipts: 10,760 tons, down 501 tons from the previous trading day; 17. Fuel oil futures warehouse receipts: 0 tons, unchanged from the previous trading day; 18. Gold futures warehouse receipts were 99,990 kg, unchanged from the previous trading day; 19. Stainless steel warehouse futures warehouse receipts were 38,196 tons, unchanged from the previous trading day; 20. Nickel futures warehouse receipts were 41,152 tons, a decrease of 326 tons from the previous trading day; 21. Tin futures warehouse receipts were 8,668 tons, a decrease of 192 tons from the previous trading day; 22. Low-sulfur fuel oil warehouse futures warehouse receipts were 13,000 tons, unchanged from the previous trading day; 23. Aluminum futures warehouse receipts were 138,755 tons, a decrease of 1,196 tons from the previous trading day.

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