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On January 11, media reported that the planned visit to Somalia by Wang Yi, member of the Political Bureau of the CPC Central Committee and Foreign Minister, originally scheduled for January 9, had been postponed. A spokesperson for the Chinese Embassy in Somalia stated that, following friendly consultations between the Chinese and Somali foreign ministries, China adjusted Wang Yis itinerary due to scheduling conflicts. Both sides are maintaining communication regarding the next steps. China has always attached great importance to its strategic partnership with Somalia, firmly supports Somalias just claims to safeguard its sovereignty, unity, and territorial integrity, and is willing to work with Somalia to continue to deepen and develop cooperation in various fields.According to Iranian state media, the Iranian police chief stated that the confrontation with rioters has intensified.On January 11, according to an announcement by XIANLE Health, the company held its 17th meeting of the fourth board of directors on January 8, 2026. The board approved the companys plan to issue H shares and list them on the Hong Kong Stock Exchange. The shares issued will be H ordinary shares listed on the Main Board of the Hong Kong Stock Exchange, denominated in RMB but subscribed in foreign currency, with a par value of RMB 1.00 per share. The company will complete the H-share listing at an appropriate time and through an issuance window within the validity period of the shareholders meeting resolution. The specific issuance and listing time will be determined by the board of directors or its authorized personnel, either individually or jointly, on behalf of the company, based on international capital market conditions, the progress of approvals and filings by domestic and foreign regulatory authorities, and other relevant circumstances.The China Earthquake Networks Center officially determined that a 3.3-magnitude earthquake occurred in Ruoqiang County, Bayingolin Mongol Autonomous Prefecture, Xinjiang, at 14:57 on January 11, with a focal depth of 25 kilometers.On January 11, at the 30th China Capital Market Forum, Chen Huaping, Vice Chairman of the China Securities Regulatory Commission (CSRC), stated that the 15th Five-Year Plan period is a crucial time for advancing Chinese-style modernization and accelerating the construction of a financial powerhouse. The CSRC will focus on the main theme of preventing risks, strengthening regulation, and promoting high-quality development. He indicated that the CSRC will further enhance the effectiveness of regulatory enforcement, continuously improve the investor education, service, and protection system, adhere to strict regulation according to law, focus on cracking down on major and egregious violations, severely punish all kinds of malicious illegal activities, and promote the implementation of more special representative litigation and advance compensation cases to enhance investor trust and confidence.

As the likelihood of an aggressive Fed direction decreases, the US Dollar Index rises again toward 104.60

Daniel Rogers

Aug 11, 2022 12:05

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On Wednesday, the US dollar index (DXY) dropped significantly as the US Consumer Price Index fell (CPI). As the prospect of a major rate hike by the Federal Reserve (Fed) in September diminished due to a sharp slowing in price pressures, the DXY collapsed like a house of cards. When the asset broke through the consolidation formed between 106.00 and 106.80, it fell to 104.64. Despite the temporary pause, the market's downward trend will continue.

Normalized CPI drops 60 basis points

Inflation in the United States for the year was reported at 8.5%, which was less than the 8.7% predicted and 9.1% reported in the preceding report. An annual reduction in inflation of this magnitude in July, brought on by a dramatic drop in oil prices, sent a strong signal of market fatigue to participants. Without a doubt, the Federal Reserve (Fed) will announce further rate hikes; but, the Fed's long-term hawkish stance will take a major hit.

There will be sustained confidence in the market.

After taking a number of policy tightening steps, including raising interest rates and halting the bond-buying program, Fed policymakers heave a sigh of relief. In order to put capital into risk-perceived assets, investors have been waiting for a month with strong employment data and a significant drop in price pressures. It's likely that your desire to take risks will last for a longer period of time in the future.

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