EUR/USD 1.17446
-0.025%
Gold 4315.64
-0.543%
Oil 58.178
0.579%
USD/JPY 156.651
0.147%
GBP/USD 1.34529
-0.109%
GBP/JPY 210.743
0.042%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
December 31st - The US dollar is poised for its biggest annual drop in eight years, with investors saying it could fall further if the next Federal Reserve chairman chooses to cut interest rates as expected. Following its plunge after Trump announced a series of tariffs in April, the dollar faces continued pressure as the government actively pushes for the appointment of a dovish Fed chairman next year. Nomura Securities currency strategist Yusuke Miyairi stated, "The biggest factor affecting the dollar in the first quarter will be the Federal Reserve. This isnt just about the January and March meetings, but about who will be the Fed chairman after Powells term ends."On December 31, under the overall guidance of the China Securities Regulatory Commission (CSRC), the Shanghai Stock Exchange revised its "Stock Listing Rules" and "Standardized Operation Guidelines" for the Main Board and the Science and Technology Innovation Board, and solicited public opinions. The main revisions include: establishing a full-process regulatory system for the appointment, performance, and dismissal of company secretaries; further improving the protection of company secretaries performance of their duties; guiding company secretaries to better perform their duties; fully leveraging the role of company secretaries in information disclosure, corporate governance, and internal and external communication and coordination; and promoting the improvement of the quality of listed companies. The revisions also refine relevant regulations for directors and senior executives, improve the regulatory system for directors and senior executives, and comprehensively regulate their appointment, performance, and departure, urging directors and senior executives to faithfully and diligently perform their duties; improve the incentive and restraint mechanism for directors and senior executives, requiring listed companies to formulate remuneration management systems that stipulate that the remuneration of directors and senior executives is commensurate with the companys operating performance and individual performance, promoting a better alignment of interests between directors, senior executives, and the company; and further regulate the behavior of controlling shareholders and actual controllers, strictly limiting competition from related parties that may have a significant adverse impact on listed companies.On December 31, Jiaze New Energy announced that it plans to repurchase company shares for RMB 220 million to RMB 440 million, with a repurchase price not exceeding RMB 6.63 per share.Xi Jinping: In the past year, the rights and interests of newly employed groups have been further protected, age-friendly renovations have brought convenience to the elderly, and families with children have received an additional 300 yuan subsidy per month.Xi Jinping: We rely on innovation to empower high-quality development. Science and technology are deeply integrated with industry, innovative achievements are emerging in rapid succession, large-scale artificial intelligence models are catching up and catching up, and new breakthroughs have been made in independent chip research and development. my country has become one of the fastest-growing economies in terms of innovation.

Asian Stocks Rise; China Plans to Relax COVID Measures; However, Concerns Remain

Aria Thomas

May 30, 2022 11:21

A1.png


China's relaxing of several COVID-19 restrictive measures and U.S. markets' greatest week since November 2020 before Monday's Memorial Day weekend sent Asia Pacific stocks higher on Monday morning.


The Nikkei 225 gained 2% by 10:24 p.m. ET (2:24 a.m. GMT), while the KOSPI gained 1.27 percent.


The S&P/ASX 200 increased 0.91 percent in Australia.


Hong Kong's Hang Seng Index rose 2.19 percent .


The Shanghai Composite rose 0.55 percent, while the Shenzhen Component rose 0.04 percent.


Both the S&P 500 and Nasdaq 100 contracts were higher, a possible indication that the rebound could continue. As institutional investors rebalance their portfolios in anticipation for the end of the month, the S&P 500 erased its May losses and ended a streak of seven straight weekly losses.


As the European Union (EU) failed to agree on a revised package of Russian sanctions in response to Russia's invasion of Ukraine on February 24, the dollar remained stable while the euro fluctuate. The U.S. holiday prevents the trading of cash Treasuries in Asia.


China recorded fewer cases of COVID-19 in both Beijing and Shanghai, encouraging the government to relax some restrictions in an effort to stimulate the economy.


After one of the worst starts to the year for global markets, the key question for investors is whether the bottom of the recent selloff is near. Investors have been buying the dip. Concerns continue, however, regarding stricter monetary policies from central banks, growing food inflation resulting from the conflict in Ukraine, and China's COVID-19 measures.


Bloomberg quoted Citigroup (NYSE:C) Australia head of investment experts Maheebeen Zaman as saying, "We are in the midst of a bear market rally."


Treasury yields are expected to peak in 2022, according to Zaman. "I believe the market will trade in a narrow range as investors try to determine how soon the next recession will arrive and how rapidly inflation will decline," he added.


As of Wednesday, the Fed will also begin reducing its $8.9 trillion balance sheet and will also print its Beige Book assessment on regional economic conditions. Presidents John Williams of the New York Fed and James Bullard of the St. Louis Fed will both speak at separate events on Wednesday, with President Loretta Mester of the Cleveland Fed discussing the economic outlook the next day.


Friday, the United States will release its May employment report, including non-farm payrolls. Tuesday will see the release of the Eurozone consumer price index, as well as China's manufacturing and non-manufacturing purchasing managers indexes.


Later in the day, EU leaders will convene in Brussels for a two-day extraordinary conference to discuss the war in Ukraine, defense, inflation, energy, and food security. The Food and Agriculture Organization of the United Nations will also release its monthly food price index on Friday, just as global supply concerns reach their peak.

Suggestion