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NIO (09866.HK) rose more than 3%. The ES 8 technology launch conference is scheduled for today, and pre-sales will start simultaneously.On August 21st, Bocom International published a research report stating that Pop Mart (09992.HK) had strong first-half performance. The bank raised its profit forecast for 2025-27 by 39-49% and raised its target price to HK$394. The company remains the banks top pick in the consumer sector, and the bank remains optimistic about its IP operational capabilities and global expansion, reiterating its "buy" rating. The report indicates that the companys performance achieved explosive growth in the first half of 2025, with revenue of RMB 13.88 billion (the same below), a year-on-year increase of 204.4%, and adjusted net profit attributable to shareholders of the parent company reaching RMB 4.71 billion, a significant year-on-year increase of 362.8%. Gross profit margin and adjusted net profit margin increased by 6.3 and 11.6 percentage points year-on-year to 70.3% and 33.9% respectively.On August 21, local time, UN Secretary-General António Guterres issued a statement through his spokespersons office, strongly condemning Israels decision to approve the construction of over 3,400 housing units in the West Banks "E1 Area." Secretary-Generals spokesperson Stephane Dujarric issued a statement stating that Israels new settlement housing plan violates international law and is contrary to relevant UN resolutions. The statement emphasized that advancing this project poses a threat to the "two-state solution," will result in the division of the West Bank into north and south, and seriously undermine the territorial coherence of the Occupied Palestinian Territory.Cambrians stock price rose by more than 3.75% at the opening, and its share price continued to hit a record high, with a market value of 440 billion yuan.The yield on 20-year Japanese government bonds rose to 2.655%, the highest level since November 1999.

As the BoJ ponders a YCC expansion, EUR/JPY continues to decline, falling below 142.60

Alina Haynes

Apr 06, 2023 11:52

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After plunging below 142.60 during the Asian trading session, the EUR/JPY pair's three-day losing trend was extended. Renewed rumors of an expansion of the Bank of Japan's (BoJ) Yield Curve Control (YCC) are exerting immense pressure on the cross.

 

The Japanese economy is experiencing gradual wage growth, and inflation is expected to respond to recent increases in crude oil prices. Analysts at Wells Fargo believe the BoJ will take advantage of a tactical opportunity to further modify its policy settings in the fourth quarter of 2022, and are inclined toward a meeting in October. They added that this timeframe is optimal for a smooth policy adjustment, as monetary easing from the Federal Reserve (Fed) and other major central banks should alleviate yield pressure.

 

In particular, the Bank of Japan (BoJ) will raise the target yield for 10-year Japanese government bonds (JGBs) from 0% to 0.25% and increase the tolerance interval surrounding this target to +/- 75 basis points.

 

Accelerating PMIs in the Eurozone provide support for the European Central Bank's sustained rate hikes. (ECB). S&P Global reported a Composite PMI of 53.7 on Wednesday, which was higher than the previous release of 52.0 but below expectations of 54.1, the highest level in the past ten months.

 

According to Reuters, S&P Global issued the following statement: "Manufacturing production increased slightly, but the service sector had the greatest impact on March's accelerated growth."

 

Wednesday, ECB policymaker Boris Vuji stated regarding interest rate forecasts, "The majority of the rate-hiking cycle has passed." He added, "We may require additional rate increases to address core inflation."