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On January 26, a new anti-American propaganda poster was unveiled in Revolution Square in downtown Tehran, the capital of Iran, on January 25 local time. The poster serves as a warning to the United States: do not launch a military strike against Iran. The poster depicts "several damaged aircraft on the deck of a US aircraft carrier" and is accompanied by the slogan in Persian and English: "Sow the wind, reap the storm."January 26th - The Fifth Session of the 14th Guangdong Provincial Peoples Congress opened this morning. The provincial government work report indicates that in 2026, Guangdong will allocate more funds and resources to people, strengthening inclusive, basic, and safety-net-oriented livelihood construction. In education, it will promote the expansion and quality improvement of basic education, adding more than 200,000 regular high school places and expanding the enrollment scale of high-quality undergraduate education. In social security, it will increase the basic pension for urban and rural residents and steadily promote provincial-level pooling of basic medical insurance. In healthcare, it will fully promote the "one-time registration for three days" outpatient service and deepen the mutual recognition of medical institution examination and testing results.On January 26th, it was reported that on January 23rd, the Haikou Municipal Bureau of Business Environment Construction and the Shenzhen Municipal Government Service and Data Management Bureau jointly signed the "Shenzhen-Haikou Government Service Cross-Provincial Interoperability Cooperation Agreement," marking a new stage in cross-regional collaboration of government services between the two cities and further supporting the coordinated development of the Hainan Free Trade Port and the Guangdong-Hong Kong-Macao Greater Bay Area. Next, Haikou will continue to deepen cooperation with the Shenzhen Municipal Government Service and Data Management Bureau, expand the scope of "cross-provincial interoperability" items, and improve the efficiency of collaborative services between the two cities. Plans include incorporating more high-frequency items into the "Shenzhen Xiao i" AI+ government service model, providing residents of both cities with intelligent assistance and "cross-provincial interoperability" services. Simultaneously, efforts will be made to promote the sharing and mutual recognition of reform measures such as "one license (certificate) for all," "de-physical photo processing," "centralized certificate production," and the global ID card system of "6 types and 10 cards," strengthening offline exchanges between government service departments in both cities, and enabling businesses and the public to truly enjoy more convenient and efficient cross-regional government services.On January 26th, a symposium on quality development within the national market supervision system was held in Nanning, Guangxi Zhuang Autonomous Region, from January 22nd to 23rd. The meeting summarized the quality work for 2025 and the 14th Five-Year Plan period, accurately grasped the new situation and requirements facing quality work in the new era, and deployed various tasks for 2026. 2026 is the first year of the 15th Five-Year Plan, and it is crucial to ensure a good start for quality development work on this new journey. National quality development work should be guided by the "Outline for Building a Quality Powerhouse," focusing on the "three strengths and one foundation" deployment for quality, improving the overall coordination mechanism for quality work, deepening the promotion of quality-driven enterprises, supply chains, and counties, accelerating the construction of modern quality infrastructure, quality governance systems and capabilities, enhancing basic quality technology capabilities, improving quality governance efficiency, and accelerating the construction of a quality powerhouse to lay a solid quality foundation for high-quality economic and social development.On January 26th, Moodys Analytics stated in a report that Australian consumer price data to be released on Wednesday is expected to show that the year-on-year overall inflation rate in December may have slowed to around 3% from 3.4% in November. The report stated that this was mainly driven by a favorable base effect in electricity prices and the normalization of holiday travel prices. However, the report added that food inflation and sticky price pressures generally present in the services sector are likely to keep core inflation around 3% to 3.2%, thus preventing a more significant decline.

GBP / USD Advances To 1.1950 As Investors Ignore Aggressive Fed Bets And Concentrate On UK Data

Alina Haynes

Mar 10, 2023 11:35

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During the Asian session, the GBP/USD pair successfully relocated its business above 1.1950. The Cable is attempting to extend its recovery towards 1.1950 despite investors' lack of concern regarding the United States Nonfarm Payrolls (NFP) report. Moreover, investors have begun to disregard the volatility associated with aggressive Fed rate hike wagers. Investors are aware that higher inflation could be contained by restrictive Fed measures; consequently, an increase in Fed interest rates is likely.

 

In the Asian session, S&P500 futures have extended their losses from Thursday, when investors were discouraged by higher taxes on corporations, billionaires, and wealthy investors. Higher taxes on corporations will reduce their Net Profit margins, resulting in lower dividends for shareholders.

 

The US Dollar Index (DXY) fell below Thursday's low of 105.13 on expectations that the US labor market is not as robust as previously thought. The US labor market may decelerate soon, according to an increase of 11% in Initial Jobless Claims and a quadrupling of planned layoffs by US companies. This may compel the Fed to continue its gradual pace of rate increases.

 

Notwithstanding, the release of the US NFP will be of the utmost importance to the market. The number of payrolls in the United States increased by 203K in February, as predicted. It is anticipated that the unemployment rate will remain at 3.4%.

 

On the front of the British Pound, manufacturing sector data will be intently observed. Monthly Manufacturing Production (January) and Industrial Production are anticipated to decrease by 0.1% and 0.2%, respectively.

 

Investors should be aware that the performance of the manufacturing sector in the United Kingdom has remained fragile over the past few months. This may compel the Bank of England (BoE) to pause policy tightening for the time being, allowing current monetary policy to demonstrate its impact.


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