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On January 30th, Inspur Software announced that it expects to achieve a net profit attributable to owners of the parent company of approximately RMB -270 million in 2025. In 2025, affected by tight funds for clients, delayed project bidding, and delayed delivery and acceptance, the companys operating revenue declined, and gross profit decreased. During the reporting period, the company improved management efficiency through refined management and strengthened accounts receivable and collection management, resulting in a significant improvement in the net cash flow generated from operating activities compared to the same period last year. However, due to the decline in operating revenue and gross profit, the company expects to incur a loss.On January 30th, Bainaqiancheng announced that it expects a net loss of 800 million to 1.2 billion yuan in 2025. Affected by intensified competition in the content market, the companys multi-format film and television content segment faced significant pressure during the reporting period. The subject matter and content expression of some existing projects were no longer suitable for the current audiences aesthetic and demand trends in the content market. The company systematically reviewed and optimized its existing projects. For projects under development and existing projects with poor returns and significant uncertainties, measures such as closing down to stop losses, reducing scale, suspending new investment, and seeking external cooperation were taken. Simultaneously, the company retained its strong teams and concentrated resources on high-quality projects and well-performing business segments.On January 30th, the Shanghai Municipal Development and Reform Commission and the Shanghai Municipal Finance Bureau issued a notice regarding the implementation of the 2026 large-scale equipment renewal and consumer goods trade-in policy in Shanghai. The notice includes support for vehicle replacement and replacement. Individual consumers who transfer their passenger vehicles registered in their own name and purchase new energy passenger vehicles included in the "Catalogue of New Energy Vehicle Models Eligible for Vehicle Purchase Tax Reduction or Exemption" or fuel-powered passenger vehicles with an engine displacement of 2.0 liters or less will receive a vehicle replacement subsidy. The subsidy is 8% of the vehicle price for new energy passenger vehicles (maximum 15,000 yuan) and 6% of the vehicle price for fuel-powered passenger vehicles with an engine displacement of 2.0 liters or less (maximum 13,000 yuan).The Bank of Englands consumer credit figures for December were £1.524 billion, below the expected £1.7 billion and the previous figure revised from £2.077 billion to £2.143 billion.The Bank of Englands mortgage lending in December was £4.601 billion, below the expected £4.5 billion and the previous figure revised from £4.49 billion to £4.593 billion.

Before the Fed and BoJ adopt interest rate policy, the USD/JPY exchange rate is normal

Daniel Rogers

Sep 21, 2022 14:39

 截屏2022-09-21 上午10.10.04.png

 

Attempts to push the USD/JPY rate above the 144.00 psychological barrier have met with opposition. The goal of the effort was to break over the long-term trading range of 142.55 to 143.80 to the upside. The duo has retreated into the woods after its breakout attempt failed, and it is expected to do poorly going forward.

 

The Federal Reserve's interest rate decision is the likely event for Wednesday (Fed). The Federal Reserve is widely expected to undertake a third consecutive rate hike of 75 basis points (bps). The retail sector is doing well, and the labor market is tighter than anyone expected, so the Federal Reserve still has a lot of room to raise interest rates. Therefore, bets on a 1% rate hike are rising and could pay well.

 

Inflation, interest rate peak, and economic growth projections will also be tracked. All possible actions by the Fed have been priced out of the market. In the wake of the Fed's meeting, investors will get ready to take bolder steps.

 

The chance of a policy adjustment from the Bank of Japan has increased as the nation's Consumer Price Index (CPI) has improved (BOJ). Statistics Bureau of Japan published a national CPI of 3%, which is above both expectations and the prior release of 2.6%. The core CPI, which does not include food or energy prices, has also gone up, to 1.6% from 1.2%, but is still less than the predicted 1.7%.

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