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On March 13th, Didi Chuxing released its Q4 and full-year 2025 financial results on its official website. In Q4, Didis core platform (China ride-hailing and international business) saw a 13.5% year-on-year increase in order volume to 4.844 billion orders, with daily average orders reaching 52.65 million. Specifically, China ride-hailing increased by 10.1% year-on-year to an average of 38.9 million orders per day, while international business increased by 24.5% to an average of 13.75 million orders per day. During the same period, the core platforms Gross Transaction Value (GTV) increased by 19.9% year-on-year to RMB 123.8 billion. China ride-hailing and international business increased by 11.2% and 47.1% year-on-year to RMB 87.2 billion and RMB 36.6 billion, respectively. Didi achieved an adjusted net profit of RMB 530 million in Q4. For the full year of 2025, Didis core platform saw a 14% year-on-year increase in order volume, reaching 18.24 billion orders. The core platforms full-year GTV increased by 14.8% year-on-year to RMB 450.8 billion. Didis adjusted EBITA for the full year of 2025 reached RMB 3.67 billion.On March 13th, it was reported that since 2025, the State Administration for Market Regulation, in order to curb counterfeit and substandard products in the online sales sector and protect the consumer rights of the people, has organized a pilot program for assigning codes to 10 key online sales products. Ten e-commerce platforms, including Taobao, Kuaishou, Pinduoduo, Douyin, JD.com, Suning.com, Xiaohongshu, Dewu, Vipshop, and Tencent, jointly launched an initiative, voluntarily fulfilling their commitments and strengthening the management of coded and verified products listed on the platform, using power banks as a starting point. Positive progress has been made. To date, 1,129 manufacturers of power banks, childrens shoes, and other products have completed source coding, forming digital product identifiers that record key product information and are displayed on the product itself or its packaging. This connects all stages of production, distribution, and consumption, forming a traceable data chain and providing a solid data foundation for penetrating supervision.The European Union has called for an assessment of the International Energy Agencys decision this week regarding its impact on supply security over the medium term.On March 13, Reis Zadeh, head of Irans National Medical Council, stated that over 20 Iranian hospitals had been attacked in the recent conflict between the US, Israel, and Iran, resulting in the deaths of several healthcare workers. Zadeh said that although medical centers, healthcare personnel, and rescue workers enjoy immunity under international law during wartime, the recent attacks by the US and Israel on more than 20 hospitals, medical centers, and emergency medical centers have led to the deaths of several healthcare workers. Iran strongly condemns this blatant violation of international humanitarian law and military action targeting vital medical lifelines.The European Commission, in a meeting with the EU Gas and Oil Coordination Group, stated that gas storage facilities should not be replenished at any cost.

AUD/USD jumps to approximately 0.6820 before to the Reserve Bank of Australia's policy announcement

Alina Haynes

Dec 05, 2022 14:17

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During the Tokyo session, the AUD/USD pair enjoyed a substantial rebound following a corrective decline below 0.6780. In response to the risk appetite profile, the Australian dollar has accelerated to roughly 0.6820 and is expected to continue its gains above the previous week's 0.6845 high.

 

In the meantime, the US Dollar Index (DXY) has climbed somewhat sideways above Friday's low of 104.40, as bullish market sentiment has lessened the desirability of safe-haven assets. The optimistic Nonfarm Payrolls (NFP) report from the United States has failed to strengthen the US Dollar. Compared to the previous report, the US economy added 263,000 jobs in November, an increase of 53 percent. In addition, the yearly increase in the labor cost index has reached 5.1%.

 

As households acquire more disposable income, a robust labor market and rising wages indicate a rise in inflationary pressures. This may lead to a rise in demand for perishable and durable goods, hence supporting price rises.

 

On the antipodean front, investors await Tuesday's announcement of the Reserve Bank of Australia's (RBA) interest rate decision. We anticipate another 25 basis point (bps) increase at the final monetary policy meeting of the year on December 6, bringing the OCR to 3.10 percent, according to economists from UOB Group.

 

Notably, this might be RBA Governor Philip Lowe's third consecutive 25-bps rate increase. The monthly Consumer Price Index (CPI) decreased from 7.1% in September to 6.9% in October. Inflation remains well above the target of 2%, necessitating a continuation of policy tightening.

 

Moreover, investors will track the Caixin Service PMI data. It is anticipated that the economic statistics will be somewhat higher at 48.8 than the previous report of 48.4.


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