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According to Hong Kong Stock Exchange filings, Xiaomi Group (01810.HK) repurchased 3.3 million Class B shares on May 20, spending HK$100 million.On May 20th, Laopu Gold (06181.HK) announced that its board of directors was informed by Mr. Xu Dongbo, the companys controlling shareholder, that on May 20, 2026, Mr. Xu Dongbo purchased a total of 335,700 H shares of the company (representing approximately 0.19% of the companys total issued shares) on the open market using his own funds, for a total consideration of approximately HK$166 million. This purchase was a personal act by Mr. Xu Dongbo. Following this purchase, Mr. Xu Gaoming, Mr. Xu Dongbo, and Beijing Hongqiao Jinji Consulting Co., Ltd. collectively hold 102,690,600 shares of the company (including 33,202,940 unlisted shares and 69,487,660 H shares), representing approximately 58.10% of the companys total issued shares.May 20th - For a long time, sharp fluctuations in the bond market have been a warning sign of economic hardship. For example, the recent surge in global yields, fueled by concerns that Middle East conflict would lead to an inflationary spiral, is a prime example. However, as part of its aggressive monetary easing program, the Bank of Japan (BOJ) purchased a large amount of government bonds, causing the Japanese bond market to lose this function. But since the central bank began tapering its bond purchases in 2024, market function has been gradually recovering. A recent BOJ survey captured this shift, measuring market participants views on the functioning of the Japanese bond market. The survey results, released Wednesday, showed a diffusion index improving from -26 in February to -16. Shota Ryu, a strategist at Mitsubishi UFJ, said the recent surge in Japanese bond yields indicates a loss of confidence in both government and BOJ policies, a shift that could lead to further yen depreciation. If this occurs, there is a risk of a vicious cycle where a weaker yen triggers inflation concerns, further pushing up bond yields. He stated, "A weaker yen is highly likely to further fuel inflation expectations, thereby prompting yields to rise further."According to Hong Kong Stock Exchange filings, UBS increased its stake in Midea Group (00300.HK) from 5.13% to 6.24% on May 14.Market news: The Iraqi Prime Minister has instructed that efforts be made to increase oil exports and diversify export channels.

The EUR/USD rise is getting close to 1.0200 as investors await US inflation data

Daniel Rogers

Aug 09, 2022 14:58

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The EUR/USD moves in the 1.0200 range during Tuesday's Asian session after falling from 1.0221 as traders look for fresh data. The major currency pair gained over the first part of the week but lost some of those gains by Monday's close. Recent price fluctuations, however, seem to be constrained by a lack of noteworthy data or events and a cautious attitude ahead of Wednesday's release of the US Consumer Price Index (CPI) for July.

 

Gains in the EUR/USD the day before are shown by higher readings of the Eurozone Sentix Investor Confidence Index and a drop in US Treasury yields. The primary sentiment indicator Index, however, increased in August from -26.4 to -25.2, which was projected to be the value. According to specifics, the eurozone's present state has improved from this month's lowest position since March 2021, when it was -16.5, to -16.3. The expectations index is at its lowest level since December 2008, despite a little increase to -33.8. It is still very close to that level. The US Dollar Index (DXY), in contrast, saw a daily decrease of 0.19 percent to 106.37.

 

The moderate Azione's resignation from the newly formed alliance ahead of the September elections looks to have put negative pressure on the Euro elsewhere due to Italian political worries.

 

The moderate Azione has backed out of its coalition with the Democratic Party and the +Europe party after only agreeing to do so last week. According to party leader Carlo Calendar, "the parts didn't fit." According to Reuters and Market News Publishing US, the alliance was formed in an effort to stop a more conservative government from taking office after the election on September 25.

 

Notably, gains in the EUR/USD the day before appeared to have been constrained by US President Joe Biden's displeasure of China's efforts to retake Taiwan and his censure of House Speaker Nancy Pelosi's trip to Taipei.

 

These actions caused the 10-year US Treasury rates, which had increased by 14 basis points (bps) the day before, to fall by around seven basis points (bps) to 2.75 percent. Wall Street also started Monday's trading day on a positive one before ending on a mixed note, albeit as of press time, S&P 500 Futures are showing minor gains.

 

Participants in the EUR/USD market may be interested in the second quarter's (Q2) US Nonfarm Productivity and Unit Labor Costs data. Forecasts suggest that US Nonfarm Productivity may rise to -4.6% from -7.3%, while Unit Labor Costs may decrease to 9.5% from 12.6%. The news regarding Taiwan and Russia will also be important for determining direction.


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