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June 23 - Starting from midnight on July 1st, the national railway will implement a new train schedule. Guangzhou North Station will launch its first direct train service to West Kowloon. It is understood that the Guangzhou-Shenzhen-Hong Kong Express Rail Link will add three stations—Guangzhou North, Yiwu, and Fuqing West—from July 1st, bringing the total number of direct stations to 113. The G6080/G6079 trains between Hong Kong West Kowloon and Zhangjiajie West, and the G903 train from Tianjin West to Hong Kong West Kowloon, will both stop at Guangzhou North Station. The newly built Foshan Station is nearing completion and will soon be operational, adding two new high-speed trains between Foshan and Changsha, filling the gap in Foshans direct connections to cities along the Beijing-Guangzhou High-Speed Railway. Foshan residents will no longer need to detour through the Guangzhou hub to directly reach core cities along the Beijing-Guangzhou line, such as Changsha and Wuhan.The U.S. ADP employment change for the week ending June 6 was 30,750, compared to 25,500 in the previous week.The weekly change in U.S. ADP employment figures for the week ending June 6 will be released in ten minutes.The China Earthquake Networks Center officially measured a 3.1-magnitude earthquake at 19:57 on June 23 in Haixi Prefecture, Qinghai Province (37.83 degrees north latitude, 95.33 degrees east longitude), with a focal depth of 10 kilometers.According to RIA Novosti, the Russian Deputy Foreign Minister stated that the United States is gradually aligning itself with the anti-Russian policies of its European allies.

WTI advances toward $75.00 as China-related demand optimism offsets recession fears

Daniel Rogers

Jan 09, 2023 11:55

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In the early hours of Monday, WTI steadily climbs near the intraday high of $74.70 as bullish emotion competes with economic slowdown worries. Despite this, the weaker US Dollar and a light schedule allow buyers of black gold to maintain control following Friday's mixed performance.

 

In spite of this, the risk profile remains elevated in light of China's reopening of its borders after a three-year closure. On the same line, Guo Shuqing, party secretary of the People's Bank of China, made his remarks (PBOC).

 

Reuters, transmitting China unlock news, claimed that "about 2 billion journeys are anticipated this season, roughly doubling the volume of previous year, and recovering to 70% of 2019 levels," citing a statement from the Chinese government.

 

On the other side, PBOC's Shuqing stated, "The world's second-largest economy is likely to recover rapidly due to the country's optimal Covid-19 response and the continued implementation of its economic policies."

 

The US Dollar Index (DXY) fell the most in three weeks the day before, down 0.20% intraday to 103.70 as of press time, as the US employment report failed to excite greenback purchasers and the US activity numbers stoked fears of an economic slowdown. It's worth mentioning that the previous day's disappointing US wage growth, ISM Services PMI, and Factory Orders weighed on Treasury bond yields and the DXY.

 

On a different page, reports regarding a delay in the restoration of the colonial pipeline and the Russia-Ukraine conflict appear to also benefit energy buyers. Traders fear additional rate hikes ahead of the release of the Consumer Price Index (CPI) for December from China and the United States on Wednesday and Thursday, respectively, which tests the positive momentum.

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