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On April 14, Wang Ning, Chairman and CEO of Pop Mart (09992.HK), issued a letter to all employees titled "Fully Upgrade the Organizational Structure to Promote the Groups Globalization Strategic Goals", announcing the launch of a comprehensive upgrade of the global organizational structure from now on. The core of this upgrade is to focus on regional strategies, set up regional headquarters in Greater China, Americas, Asia Pacific, and Europe, and Wen Deyi, Senior Vice President of Pop Mart International Group, will concurrently serve as the Groups Co-COO, and will be jointly responsible for the management and operation of the Groups global business with Sid. The structure shows that Wen Deyi is responsible for the operation and management of the Asia Pacific and European regions, and Sid is responsible for the operation and management of the Greater China and Americas regions.Indonesias Deputy Minister of Investment: Indonesia may recommend that Indonesian state-owned enterprises invest in the oil, gas and information technology sectors in the United States.On April 14, local time, the Russian Federal Security Service reported that a Moldovan citizen was detained for transporting bombs into Russia for terrorist attacks at the instruction of the Ukrainian authorities. The report stated that the Moldovan Marius Prunianu fought for the Ukrainian Armed Forces in the Donetsk region from 2022 to 2023, and was then transferred to Moldova, where he bought an off-road vehicle with a local license plate and hid three explosive devices in the car. Subsequently, the suspect entered Russia through Hungary, Slovakia, Poland, Lithuania and Latvia, attempting to place explosives in hidden locations in Volgograd and Saratov, but was arrested. At present, the suspect has been criminally prosecuted for planning terrorist attacks and illegally purchasing, storing and transporting explosive devices.Futures News on April 14, Economies.com analysts latest views today: Recently, Brent crude oil futures fell slightly in intraday trading, trying to gain some positive momentum to help it challenge the key resistance level of $64.80. This resistance level represents the neckline of the bullish technical pattern that is forming in the short term, namely the head and shoulders bottom pattern. This potential upward trend is supported by the positive signal of the relative strength index (RSI) and is carried out under the leadership of the corrective bullish wave.Futures reported on April 14 that Trumps erratic tariff policy has made market sentiment unstable. Crude oil prices fluctuated widely in the previous week, once hitting a four-year low. At present, Trumps suspension and exemption of some tariffs have eased market sentiment, but concerns about the economy and energy demand still exist. Combined with the expectation of increased supply in the oil market, it is expected that oil prices will remain low and high volatility will continue.

Bears on the AUD/NZD pair are watching 1.1080

Alina Haynes

Aug 09, 2022 15:04

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The AUD/NZD exchange rate is stable at the Tokyo open and has fluctuated today between 1.1091 and 1.1115 as a result of the Reserve Bank of New Zealand's projections for inflation at the beginning of the week and strong Chinese data.

 

According to analysts at Westpac, as inflation expectations fall, the RBNZ will become more assured that the risks of high inflation becoming ingrained in the economy are waning. This is especially relevant in light of the multi-decade high actual inflation rate and related concerns of a wage-price spiral, analysts said.

 

Analysts did note, however, that the poll "The evidence that there are still strong inflation pressures in the New Zealand economy supports raising interest rates. At the RBNZ policy meeting the following week, a further 50bp increase is anticipated.

 

The New Zealand dollar has since made up all of the losses suffered after Friday's strong US Nonfarm Payrolls report. US bond yields have decreased, which has led to a rise in risk and a decline in the value of the dollar. The most recent surge in NZD strength, according to analysts at ANZ Bank, appears to be the outcome of a stronger AUD, which has reclaimed the lead as markets take in strong Chinese trade data.

 

"Before the critical US Consumer Price data for July is released tomorrow evening, it is doubtful that the NZD will increase much. The Fed's (and the US bond market's) main concern is that monthly core readings will continue to be elevated, even though annual headline inflation may calm down. The specifics will determine if this results in a resurgence of USD strength.


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