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On April 16th, Zhang Jun, Tencents Public Relations Director, announced the official release and open-sourcing of HY-World 2.0, a 3D world model. It allows users to generate 3D assets with a single line of code and directly import them into game development or embody simulation engines, achieving true playability and usability.On April 16th, Krishna Bimwalap, Asia-Pacific economist at Stick Investment Management, stated that Australias labor market remained strong in March, but its remarkable resilience is unsettling, as it further underscores the need for further interest rate hikes. The Reserve Bank of Australia (RBA) may not be overly concerned if the unemployment rate rises from 4.3% to 5.0%, meaning it has ample room for further rate hikes. Bimwalap believes there is at least two more rate hikes this year.On April 16th, sources revealed that Elon Musks team has contacted chip industry suppliers, including Applied Materials, Tokyo Electron, and Lamb Research, to advance his envisioned "Terafab" chip factory project. The Terafab team has inquired about quotes and delivery times for a range of chip manufacturing equipment. These sources stated that in the past few weeks, they have contacted photomask manufacturers, substrate manufacturers, etching machine manufacturers, deposition equipment manufacturers, cleaning equipment manufacturers, testing equipment manufacturers, and other related equipment manufacturers. The Terafab team also sought support from chip manufacturing partner Samsung Electronics. However, sources indicate that Samsung Electronics has instead proposed increasing Teslas production capacity at its Taylor, Texas factory.Market news: Musk has asked suppliers to move the Terafab chip manufacturing project forward at "light speed".On April 16th, Mao Shengyong, Deputy Director of the National Bureau of Statistics, stated at a press conference held by the State Council Information Office that the economic performance in the first quarter was remarkable, fully demonstrating the strong resilience of my countrys economy. Data shows significant improvements on both the supply and demand sides. Agricultural production was performing well, industrial added value increased by 1.1 percentage points year-on-year, and the service sector maintained rapid growth. On the demand side, the year-on-year growth rate of total retail sales of consumer goods in the first quarter was 0.7 percentage points higher than the previous year, fixed asset investment growth turned positive, and the total import and export volume of goods achieved its highest quarterly growth rate in nearly five years. Given the high economic growth rate in the first quarter of last year, the fact that the economy has still achieved a good start this year fully demonstrates the resilience of the Chinese economy.

Trading Strategies

Just starting out? Begin your trading education with our Foundational Trading Knowledge course. Learn about a variety of markets like foreign exchange, commodities and equities and how they operate. Discover the right trading style for you and get to grips with key trading processes and market psychology.

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