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June 15th - Zhipu (02513.HK) announced the launch of its latest flagship model, GLM-5.2. This model offers a long context of up to 1MB and continues to lead in long-duration tasks. It will be open-sourced under the MIT license. This model is expected to boost the call volume of the companys open platform and API services. As of the date of this announcement, the company is not aware of any information that needs to be disclosed to avoid a false market in the companys securities, or any inside information that needs to be disclosed under the Listing Rules. Shareholders and potential investors are advised to exercise caution when dealing in the companys securities.Japans tertiary sector activity index rose 1.3% month-on-month in April, compared with a previous reading of -0.20%.June 15th - According to the National Railway Administration, from January to May 2026, the national railway passenger and freight volumes remained high, railway construction progressed steadily, effectively playing a radiating and driving role and injecting new momentum into regional economic and social development. In terms of passenger transport, from January to May, the national railway system completed a total of 1.969 billion passenger trips, a year-on-year increase of 5.7%; and completed 697.739 billion passenger-kilometers, a year-on-year increase of 4.2%. In May, the railway system completed 414 million passenger trips, a year-on-year increase of 1.9%; and completed 140.387 billion passenger-kilometers, a year-on-year increase of 2.2%. Regarding fixed asset investment, from January to May, the national railway system completed 248.5 billion yuan in fixed asset investment, a year-on-year increase of 2.6%, and railway construction progressed steadily.June 15th - The Bank of England will hold its interest rate decision on Thursday. The meeting is expected to see a majority vote to keep rates unchanged, but it is anticipated to reflect the Monetary Policy Committees growing concerns about the inflation risks posed by the prolonged energy crisis. Following calls from senior officials, including Governor Bailey and Deputy Governor Briden, for caution before addressing rising inflation risks, the market widely expects the bank to keep the key interest rate unchanged at 3.75%. "The momentum in the labor market has cooled significantly," said Hetal Mehta, an economist at St Jamess Place. "I dont think theres enough impetus for a rate hike at the moment." However, at least two rate setters—Chief Economist Peale and Monetary Policy Committee member Green—have hinted at calling for an immediate rate hike. Another Monetary Policy Committee member, Mann, stated that if the energy crisis worsens, a rate increase at some point cannot be ruled out.June 15th - HSBC and Hang Seng Banks applications experienced technical glitches this morning, according to reports. HSBCs platform indicated that services were temporarily affected due to a technical glitch. Hang Sengs platform indicated that its application or online banking services might experience slow response times or intermittent interruptions. An HSBC spokesperson stated that some customers were unable to use certain banking services normally this morning, and the company was working diligently to restore normal operations as soon as possible. Hang Seng stated that some banking services were temporarily affected due to technical reasons, and relevant departments were working to resolve the issue.

Gold Prices Increase in Response to Inflation Fears And Ukraine Concerns

Charlie Brooks

Apr 08, 2022 09:26

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By 2:13 p.m. ET, spot gold XAU= was up 0.5 percent to $1,934.69 per ounce (1812 GMT). Gold futures in the United States increased by 0.8 percent to $1,937.80.


"Once inflation resumes, which I believe it will, it will work in favor of gold, even in the face of the Fed's aggressive monetary policy," Jim Wycoff, senior analyst at Kitco Metals, said.


The Fed's March meeting minutes revealed growing anxiety among officials that inflation had spread across the economy, with "many" members preparing to hike interest rates in large 50-basis-point increments in the coming sessions. 


Rising interest rates in the United States raise the potential cost of bullion holdings while strengthening the currency.


The dollar index =USD eased off a near two-year high reached earlier in the day, while benchmark US 10-year Treasury rates likewise remained around a multi-year high reached on Wednesday. 


Ukraine has increased its requests for crushing financial penalties to compel Moscow to terminate the conflict, while NATO nations have decided to bolster their support for Kyiv. 


Wall Street's major indexes sank for the third consecutive day, as growth stocks extended losses on worries about a more hawkish Federal Reserve and the Ukraine crisis.


Palladium XPD= increased by up to 3.7 percent to about $2,278 per ounce.


"Palladium has historically been quite volatile. Today's focus is on recouping some of yesterday's losses, "Miguel Perez-Santalla, Heraeus Metals Management's head of trading, sales, and marketing in New York, concurred. (Entire Story)


Russia produces between 25% and 30% of the world's palladium, a metal used by manufacturers to decrease pollution from engine exhausts.


Silver XAG= increased 0.6 percent to $24.58 per ounce, while platinum XPT= increased 0.9 percent to $961.53.

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