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On February 28, Mixue Group (02097.HK), the parent company of affordable tea drink "Mixue Ice City", will be listed in Hong Kong next Monday (March 3), and there will be dark trading today. Comprehensively considering the three major dark trading venues, Mixue Groups dark trading rose by more than 20%, ranging from 23.4% to 28%, to 250 to 259 yuan. Among them, the dark trading of Phillip had the largest increase, and one lot (100 shares) made a maximum profit of 5,670 yuan on paper. In the Phillip dark trading venue, Mixue Group opened at 278 yuan, and once rose 40.7% during the session, reaching a high of 285 yuan, with a turnover of 600 million yuan, while the dark trading of Futu and Yaocai had turnover of 690 million yuan and 24.11 million yuan respectively. Mixue Group plans to issue 17.06 million shares, with an offer price of 202.5 yuan, raising 3.45 billion yuan, 100 shares per lot, and an entry fee of 20,454.2 yuan per lot.On February 28, Lingge Technology announced that the main financial data for 2024 showed that the company achieved operating income of 214 million yuan, a year-on-year decrease of 19.36%; the net profit attributable to shareholders of the listed company was a loss of 40.0431 million yuan; the net profit attributable to shareholders of the listed company after deducting non-recurring gains and losses was a loss of 44.5898 million yuan.Italys initial monthly CPI rate for February was 0.2%, in line with expectations of 0.20% and the previous value of 0.60%.Italys initial annual CPI rate for February was 1.7%, in line with expectations and the previous value of 1.50%.Italys initial monthly harmonized CPI rate in February was 0.1%, in line with expectations of 0.10%. The previous value was revised from -0.70% to -0.80%.

GBP/USD is nearing its 50-day moving average as DXY follows rates lower, while UK politics and US GDP are closely monitored

Daniel Rogers

Oct 25, 2022 15:33

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GBP/USD rises above 1.1300, gaining 0.25 percent intraday, as investors praise a weakening US dollar and await a resolution to the UK's parliamentary upheaval on Tuesday morning. Nevertheless, a dearth of significant data/events and sluggish markets, in addition to the immediate technical problems, present obstacles for pair buyers following a bad start to the week.

 

Following his election as the third British Prime Minister in less than two months, former Financial Minister Rishi Sunak reminded his followers that the United Kingdom is experiencing a "serious economic problem." The politician continued, "We now require stability and unity, and I will make unifying our party and our nation my top priority." GBP/USD buyers are hopeful about surviving the month-long political uncertainty due to Sunak's credibility, which is partly related to his expertise at Goldman Sachs and his ability to accurately predict financial turmoil if Liz Truss implements her fiscal stimulus.