• English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On May 14th, it was reported that in April 2026, the national used car market saw 1.6712 million transactions, a decrease of 6.73% month-on-month and 1.76% year-on-year, with a transaction value of 113.476 billion yuan. From January to April 2026, the cumulative used car transaction volume reached 6.4932 million vehicles, an increase of 2.93% year-on-year, representing an increase of 184,600 vehicles compared to the same period last year, with a cumulative transaction value of 426.358 billion yuan.Hua Hong Semiconductor (01347.HK): It expects its sales revenue for the second quarter of 2026 to be between US$690 million and US$700 million.On May 14th, the Peoples Bank of China released its April financial statistics report. Preliminary statistics show that the total social financing in the first four months of 2026 reached 15.45 trillion yuan, 893 billion yuan less than the same period last year. Specifically, RMB loans to the real economy increased by 8.5 trillion yuan, 1.29 trillion yuan less than the same period last year; foreign currency loans to the real economy increased by 103.6 billion yuan (equivalent to RMB), 213.4 billion yuan more than the same period last year; entrusted loans decreased by 94.1 billion yuan, a larger decrease of 99.4 billion yuan than the same period last year; trust loans increased by 300 million yuan, 45.1 billion yuan less than the same period last year; undiscounted bank acceptance bills increased by 51.3 billion yuan, 199.2 billion yuan less than the same period last year; net financing of corporate bonds reached 1.5 trillion yuan, 739.3 billion yuan more than the same period last year; net financing of government bonds reached 4.45 trillion yuan, 399 billion yuan less than the same period last year; and domestic equity financing of non-financial enterprises reached 200.8 billion yuan, 65.5 billion yuan more than the same period last year.May 14th - Since the beginning of this year, the national average rainfall has been 7% lower than the same period in normal years, with some areas experiencing 20-60% less rainfall, including western and southeastern Northeast China, western and northern North China, western and northeastern Northwest China, eastern and southern Huanghuai region, Jianghuai region, and most of South China. Water resources departments at all levels have fully utilized the digital twin water conservancy system and the joint scheduling system for river basin water projects to coordinate water demand across upstream and downstream areas, left and right banks, and main streams and tributaries. They have scientifically scheduled water projects to maximize water storage, utilize water during dry seasons, and ensure multi-source complementarity, precisely regulating the water volume and levels of rivers, lakes, and reservoirs to meet irrigation needs. Strengthening water conservation has effectively guaranteed water supply for spring farming and urban and rural water supply security. Currently, the country is gradually entering the flood season from south to north. The Ministry of Water Resources will continue to closely monitor rainfall and water conditions, strengthen forecasting and early warning, conduct rolling consultations and assessments, and coordinate the needs of various parties, including pre-flood drawdown of reservoirs, flood control during the flood season, urban and rural water supply, and agricultural irrigation. It will scientifically schedule key reservoirs in river basins to ensure flood control and water supply security.According to Hong Kong Stock Exchange filings, Standard Chartered Bank repurchased 801,239 shares on other exchanges on May 13, for a total amount of £15 million.

Forecast for the Gold Price: XAU/USD extends Fed-inspired rebound from $1,960 on yield softening

Daniel Rogers

Mar 23, 2023 14:52

截屏2022-06-07 下午5.14.22.png 

 

Gold price (XAU/USD) anticipates a rematch with the $2,000 threshold by extending Federal Reserve (Fed)-induced gains amid declining US Treasury bond yields and the U.S. dollar. Notably, despite US Treasury Secretary Janet Yellen's rejection of "blanket insurance" for deposits, fading concerns of a banking crisis appear to be propelling XAU/USD prices as of late.

 

Nevertheless, the Fed delivered 25 basis points (bps) of a rate hike, but the Rate Statement and dot-plot raised concerns of future dovish moves, which in turn weighed down the US Dollar, despite the fact that Fed Chair Powell ruled out demands for a rate cut in 2023. Aside from this, US stock futures and Asia-Pacific equities post modest gains as China-related optimism combines with declining yields.

 

In the future, second-tier statistics and monetary policy moves of the Bank of England (BoE) and Swiss National Bank (SNB) may be of interest to Gold traders as proponents anticipate more dovish rate increases in light of the impending banking crisis.