EUR/USD 1.16024
0.043%
Gold 4458.99
0.555%
Oil 93.335
-0.860%
USD/JPY 159.979
-0.061%
GBP/USD 1.34171
0.004%
GBP/JPY 214.652
-0.054%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On June 4th, to thoroughly implement the national strategic plan for promoting the high-quality development of artificial intelligence and to accelerate the construction of high-quality token service capabilities in the industry, the Artificial Intelligence Institute of the China Academy of Information and Communications Technology, the Key Laboratory of Artificial Intelligence Large Model and Software/Hardware Evaluation of the Ministry of Industry and Information Technology, and the Model as a Service (MaaS) Working Group of the China Artificial Intelligence Industry Development Alliance (AIIA) will jointly hold a "High-Quality Token Service Seminar" in Beijing on June 16th. The forum will establish a "Special Research Group on High-Quality Token Services" and launch the "High-Quality Token Service Capability Climbing Plan," systematically outlining organizational mechanisms and capability enhancement to unite industry forces to jointly promote the high-quality development of token services and provide a solid foundation for the standardized development of the token service industry.June 4th - According to data released by the China Chain Store & Franchise Association, approximately 350 new shopping malls are expected to open nationwide in 2025. The concentration of the shopping mall industry continues to increase, and the renovation of existing stock and improvement of operational efficiency have become the core focus of enterprises.June 4 – Thongloun Sisoulith, General Secretary of the Lao Peoples Revolutionary Party Central Committee and President of Laos, arrived in Beijing to continue his state visit to China from June 2 to 6. Prior to arriving in Beijing, Thongloun visited Zhejiang Province.On June 4th, according to multiple US media reports on June 3rd, Vanguard Groups ETF tracking the S&P 500 index surpassed $1 trillion in assets, becoming the worlds first trillion-dollar ETF and setting a new record in the passive investment industry. The ETF, ticker symbol VOO, has a management fee of 0.03%, significantly lower than its main competitors. The surge in US AI investment and the continued migration of global funds to low-cost passive products are the core reasons for the funds rapid growth. Analysts point out that with the S&P 500s new stock inclusion waiting period shortened from 12 months to 6 months and Nasdaqs new rules for fast IPO inclusion, massive amounts of passive funds will be allocated to upcoming heavyweight stocks such as SpaceX and Anthropic. Once these two companies are quickly included in mainstream indices, trillion-dollar passive funds, represented by VOO, will increase their holdings in accordance with regulations. Vanguard Group was founded in 1975 and employs a shareholder ownership structure. As of the end of the first quarter of 2026, its global assets under management were approximately US$12.32 trillion. It has reshaped the global fund industry landscape by relying on low-fee index investing and is known as one of the three giants of US asset management, along with BlackRock and State Street.According to the Wall Street Journal, Meta Platforms (META.O) says it plans to release the API for its latest AI model in June.

Once the RBA minutes are made public, it is anticipated that AUD/NZD will once again test the day's low near 1.1110

Daniel Rogers

Oct 18, 2022 14:11

 截屏2022-10-18 上午9.51.22.png

 

The AUD/NZD pair lost its intraday rally after tumbling to roughly 1.1106 during the early session in Tokyo. The Reserve Bank of Australia's (RBA) minutes' release has weighed on the cross. According to the monetary policy minutes from October, concerns about domestic and international growth risks led to the announcement of a rate increase of 25 basis points (bps), which was less than expected.

 

Additionally, RBA policymakers think the central bank has raised interest rates quickly, which could have an impact on household expenditure.

 

Australia has had the lowest unemployment rate in its economic history, at 3.5% during the past 50 years, thanks to a healthy labor market. While core inflation has remained high because of rising service prices, the drop in oil prices has put downward pressure on headline inflation.

 

Moving forward, attention will be focused on the employment statistics for Australia. The consensus predicts that the Employment Change will drop from 33.5k to 25k. At 3.5%, the unemployment rate won't change.

 

The cross declined in early Tokyo after the announcement of higher-than-expected inflation data for New Zealand. The annual Consumer Price Index (CPI) came in at 7.2%, which was much higher than expected but marginally lower than the 7.3% reported in the prior report. While the quarterly inflation rate came in at 2.2%, exceeding both the 1.6% estimate and the 1.7% reading from the previous quarter, it was below the 1.7% figure from the previous quarter.

 

Given that price pressures have not abated as anticipated, it is now more likely that the Reserve Bank of New Zealand (RBNZ) will continue to raise interest rates at the current pace. 3.5% is the Official Cash Rate (OCR).


Suggestion