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Li Auto (02015.HK): The company will announce its financial results for the fourth quarter and full year of 2025 on March 12, 2026.On February 27th, Deng Zhiyong, Deputy Director of the State Administration for Market Regulation and Director of the National Standardization Management Committee, introduced at a State Council policy briefing that the next step will be to further address "involutionary" competition with higher requirements and more concrete measures, promote a better combination of an effective market and a capable government, and provide a solid guarantee for the in-depth advancement of the construction of a unified national market and the achievement of high-quality development. Deng Zhiyong stated that in terms of investigating and punishing illegal activities, the State Administration for Market Regulation has focused on regulatory enforcement, conducted cost verification and enforcement inspections in key industries, deployed nine special rectification actions, investigated and handled typical cases of live-streaming e-commerce such as "Chengdu Kuaigou," held talks with major platform companies to urge them to remove "lowest price across the entire network" activities, stopped controversial rules such as "refund only," investigated and handled a series of cases involving "ghost delivery" and "ghost online stores," and increased the exposure of typical cases to create a strong deterrent, achieving the governance effect of "investigating one case, warning a group of companies, and standardizing an industry."The European Central Banks 3-year CPI forecast for the Eurozone in January was 2.6%, down from a forecast of 2.50% and a previous reading of 2.60%.The European Central Banks 1-year CPI forecast for the Eurozone in January was 2.6%, down from a forecast of 2.70% and a previous reading of 2.80%.Germanys seasonally adjusted unemployment rate in February was 6.3%, compared to a forecast of 6.30% and a revised figure of 6.3% for the previous month.

As a result of hawkish RBA minutes, AUD/JPY surges to around 93.00

Alina Haynes

Feb 21, 2023 15:20

As the Reserve Bank of Australia's minutes revealed a hawkish stance, the AUD/JPY pair surged to near 93.00 during the Tokyo session (RBA). The RBA minutes make it plainly clear that higher interest rates are essential because robust consumer demand prevents the Australian inflation rate from decreasing from its peak.

 

According to the minutes, RBA members considered a 50 basis point (bps) increase in interest rates in light of the persistence of inflation. Members of the RBA also remarked that the unemployment rate is at its lowest point in the past fifty years and that the number of job opportunities is astronomically high, which is a source of happiness for consumers who are injecting surplus income into the economy.

 

Aside from this, the Australian economy benefited from improved trade terms and would benefit more from China's openness than a number of other countries. The Chinese government's relaxation of pandemic laws has expanded Australia's trading potential.

 

Philip Lowe, governor of the Reserve Bank of Australia, anticipates that the cash rate will climb to 3.75 percent over time, with headline inflation decreasing to 4.75 percent by the end of 2023 and returning to approximately 3 percent by the middle of 2025.

 

Previously, S&P Global reported upbeat preliminary Australian PMI (Feb) data. The Manufacturing PMI hit 50.1, above both the consensus forecast of 49.9 and the prior figure of 50.0. The Services PMI increased from 48.4 (estimated) and 48.8 to 49.2. (previously released).

 

About the Japanese Yen, Bank of Japan (BoJ) Governor Haruhiko Kuroda stated, "Due to labor demand and inflation, wage growth is predicted. The Japanese Yen has not notably reacted to the preliminary Jibun Bank PMI (Feb) statistics, which were mixed. The Services PMI has risen to 53.6, surpassing both the consensus expectation of 51.5 and the prior figure of 51.1. While the Manufacturing PMI has declined to 47.4 compared to expectations and the previous reading of 48.9, it remains above the 50-point threshold indicating expansion.


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