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On June 9, Tiandeyu announced that its shareholder CorichLP plans to reduce its holdings of the companys shares through centralized bidding transactions or block trading due to its own capital needs. The total number of shares to be reduced will not exceed 5,721,909 shares, accounting for no more than 1.40% of the companys total share capital. Among them, no more than 4,090,213 shares will be reduced through centralized bidding transactions, accounting for 1% of the companys total share capital, and will be implemented within 3 months after 15 trading days from the date of disclosure of the announcement; no more than 1,631,696 shares will be reduced through block trading, accounting for 0.40% of the companys total share capital, and will be implemented within 3 months after 15 trading days from the date of disclosure of the announcement.June 9th news, on the morning of June 6th, the National Development and Reform Commission and the Australian Treasury jointly held a China-Australia bilateral seminar in the form of video. Li Chunlin, deputy director of the National Development and Reform Commission, and Katrina DiMarco, acting deputy secretary-general of the Australian Treasury, delivered speeches respectively. Li Chunlin expressed the hope that the China-Australia bilateral seminar can become a communication bridge between the comprehensive macroeconomic departments of the two countries and play a beneficial role in promoting the construction of a comprehensive strategic partnership between China and Australia. DiMarco pointed out that the China-Australia bilateral seminar has strengthened the relationship between the Australian Treasury and the National Development and Reform Commission, and the two sides can further explore potential areas of cooperation between the two countries through close communication. At the meeting, the two sides exchanged views on topics such as the global economic situation, the macroeconomic situation of China and Australia, the countercyclical adjustment mechanism of macroeconomic policies, and active fiscal policies.On June 9, Sihuan Pharmaceutical (00460.HK) announced on the Hong Kong Stock Exchange that the new drug application (NDA) for the newly added indication of the Class 1 innovative drug pilociclib tablets (trade name: Xuanyuening), independently developed by Xuanzhu Biotechnology, a non-wholly owned subsidiary of the group, was accepted by the National Medical Products Administration. The specific indication is: combined with aromatase inhibitors as the initial endocrine therapy for hormone receptor-positive (HR+) and human epidermal growth factor receptor 2-negative (HER2-) advanced breast cancer patients, and the follow-up treatment for patients who progressed after adjuvant treatment with tamoxifen or toremifene. This is the third indication for the product in the NDA.Market news: Warner Bros. Discovery (WBD.O) will split into two leading media companies.UK Government: Nine million retirees will receive winter heating benefits this winter, and the costs will be included in the budget and included in the next economic outlook report forecast. Pensioners with an income of less than £35,000 are eligible for the benefit.

AUD/NZD falls 60 pips as RBNZ meets market expectations for a 50 bps rate hike

Alina Haynes

Feb 22, 2023 15:18

As the Reserve Bank of New Zealand (RBNZ) issued its much awaited interest rate decision early Wednesday morning in Europe, the AUD/NZD pair dropped almost 60 pips to 1.0980. In doing so, the cross-currency pair disregards geopolitical concerns regarding China and North Korea, as well as concerns of a less aggressive RBNZ response in the wake of natural disasters in New Zealand.

 

In spite of this, the RBNZ announced its eleventh rate hike as officials attempt to control inflation fears, increasing the benchmark rate by 0.50 percentage points to 4.75 percent, for a total increase of 1.50 percentage points. In the quarterly Rate Announcement that followed the RBNZ's decision, it was said, "There are early signs of pricing pressures abating." The same should apply to the AUD/NZD currency pair bearish.

 

Other from this, the most notable market sentiment detractors were the remarks of US Secretary of State Antony Blinken and Russian President Vladimir Putin. Notwithstanding this, US Secretary of State Blinken indicated that the United States fears China may provide military help to Russia. Similarities exist between the market issues of the U.S.-Taiwan trade agreement. Russia terminated its nuclear arms agreement with the United States and pledged to maintain its military presence in Ukraine.

 

Meanwhile on Tuesday, Russian President Vladimir Putin addressed both houses of parliament in his state of the nation address to the Russian Federal Assembly. During the speech, Russian President Putin emphasized the geopolitical turmoil surrounding Ukraine by stating, "Our mission is to drive our economy to new horizons." Similarly, US Deputy Treasury Secretary Wally Adeyemo indicated on Tuesday, "The United States and its partners will apply additional sanctions this week to continue isolating Russia over the conflict in Ukraine."

 

US 10-year and 2-year Treasury note rates fluctuate near the three-month highs achieved the day before, while S&P 500 Futures record moderate gains despite Wall Street's negative closing price.

 

After monitoring the first reaction to the RBNZ's announcement, AUD/NZD pair traders should focus on risk triggers, particularly those pertaining to China and Russia, to determine the pair's direction. If geopolitical concerns continue to threaten market optimism, the price may continue to decrease.



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