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On September 4th, SEMI announced in its "Worldwide Semiconductor Equipment Market Report" that global semiconductor equipment shipments in the second quarter of 2026 increased by 23% year-over-year to $40.53 billion, and by 11% quarter-over-quarter. SEMI President and CEO Ajit Manocha stated, "This record-breaking second consecutive quarter of semiconductor equipment shipments reflects the industrys continued investment in advanced manufacturing capacity to meet growing chip demand, particularly in the AI infrastructure sector. Growth in Asia, North America, and Europe underscores the global nature of this demand and the key role of semiconductor manufacturing in driving the next wave of AI-driven innovation."The Shanghai Stock Exchange announced adjustments to the list of stocks eligible for trading under the Shanghai-Hong Kong Stock Connect program, adding 54 stocks including Baidu (09888.HK) and Ascletis Pharma (01672.HK), while removing 15 stocks including Youjia Innovation (02431.HK).On September 4th, multiple sources revealed that regulatory authorities have issued new requirements regarding the pre-assessment mechanism and continuous monitoring of securities and fund institutions entrustment of third-party internet platforms to provide transfer channels. This regulatory report details the requirements of the "Administrative Measures for Online Marketing of Financial Products." According to Articles 21 and 23 of the Measures, financial institutions entrusting third-party internet platforms to provide services for online marketing of financial products must establish a pre-assessment mechanism and continuously monitor the compliance, security, and agreement performance of the third-party internet platforms. Sources indicate that regulatory authorities will include the cooperation between industry institutions and third-party internet platforms in their routine regulatory oversight. For high-risk collaborations, on-site inspections will be initiated, and any violations will be dealt with according to law.On September 4th, Israeli Defense Minister Katz stated that the recent Israeli military operation to control the Ali Taher Ridge in southern Lebanon is an important step in consolidating the Israeli military presence in the region. He also stated that Israel will not withdraw from the "safe zone" in Lebanon until Hezbollah is completely disarmed. In his statement, Katz said that he and Israeli Prime Minister Netanyahu are pursuing a "clear and uncompromising" policy: Israel will not withdraw from the Lebanese "safe zone" until Hezbollah is completely disarmed and no longer poses a threat to residents in northern Israel. Katz stated that controlling Ali Taher is an important step towards achieving this goal, marking the completion of the Israeli militarys mission to establish a "safe zone" in southern Lebanon.On September 4, Russian Presidential Press Secretary Dmitry Peskov responded to reports that US Presidential Envoy Sergei Witkov and Presidents son-in-law Jared Kushner planned to visit Moscow and Kyiv on September 5 and 6, respectively. He stated that no prior announcements would be made, but notifications would be given upon contact. Peskov said that the US is continuing its mediation efforts, and Russia is willing to shift towards peaceful means to achieve its goals. He reiterated that the peace conditions outlined by Russian President Vladimir Putin in the Foreign Ministry in June 2024 remain unshakable. However, he stated that there are currently no specific preconditions for the peace process. In June 2024, Putin, during a meeting with the Russian Foreign Ministry leadership, stated that Russia would immediately announce a ceasefire and begin negotiations once Ukraine withdrew its troops from the Donetsk, Luhansk, Zaporizhia, and Kherson regions and announced that it would not join NATO.

USD/CHF Consolidates Around 0.9040 As Attention Shifts To US Inflation

Daniel Rogers

Apr 10, 2023 14:27

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The USD/CHF pair continues to trade lacklusterly above the crucial support level of 0.9036 in the early Tokyo session. Investors are shifting their focus to Wednesday's release of United States Consumer Price Index (CPI) data, making it difficult for the Swiss Franc to gain traction.

 

As tensions between China and Taiwan escalate, S&P500 futures have pared some of their gains. The market's anxiety has been alleviated by the increasing intensity of Chinese military exercises around Taiwan Island. In addition, concerns of a recession are likely to cause volatility in US equities.

 

Jamie Dimon, CEO of JPMorgan Chase, stated in an interview with CNN that the recent banking turmoil caused by the dissolution of Silicon Valley Bank (SVB) and Signature Bank has increased the likelihood of a recession in the United States.  Despite the robustness and security of the banking system, the recent turmoil in the financial system is "another weight on the scale" toward recession, he added.

 

The US Dollar Index (DXY) is protecting the 102.00 support level ahead of US Consumer Price Index (CPI) data. According to the consensus, headline inflation will fall from 6.0% to 5.2%. In addition, the headline monthly CPI would decelerate to 0.3% from 0.4% previously reported. As a consequence of oil prices remaining low in March, inflationary pressures are anticipated to become evident.

 

In contrast, the core CPI, which excludes crude and food prices, is anticipated to increase to 5.6% from 5.5%. The tenacity of inflationary pressures is maintained by the resiliency of demand for essential products, as a result of a higher labor cost index. A similar event could compel the Federal Reserve (Fed) to raise rates again at its May monetary policy meeting.

 

Regarding the Swiss Franc, Swiss markets are suspended on Easter Monday. This week, the Producer Price Index (PPI) data will have an impact on the Swiss Franc.

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