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Kuang-Chi Technologies: The company recently received a notification from its wholly-owned subsidiary, Kuang-Chi Advanced, that Kuang-Chi Advanced has signed a batch production contract for metamaterial products totaling RMB 215 million with a customer, and signed batch production contracts for metamaterial products totaling RMB 49.58 million with three other customers.On January 7th, China Overseas Grand Ocean (00081.HK) announced that in December 2025, its subsidiaries achieved contracted sales of RMB 2.57 billion, a year-on-year decrease of 43.9%; contracted sales area was 267,400 square meters, a year-on-year decrease of 30.7%. From January to December 2025, cumulative contracted sales amounted to RMB 32.185 billion, a year-on-year decrease of 19.8%; cumulative contracted sales area was 2,937,900 square meters, a year-on-year decrease of 15.7%. As of the end of December 2025, the cumulative subscription amount but not yet signed was RMB 956 million, with a subscription area but not yet signed of 76,500 square meters.January 7th - Following Nestlés recall of several batches of infant formula in multiple European countries, the Chinese market has also begun recalling certain batches of infant formula. A Nestlé China representative stated that food safety and quality remain Nestlés top priorities. Nestlé has initiated preventative recalls of infant formula products in some European markets. Nestlé China takes this very seriously, noting that a small number of products in the Chinese market may be affected, and as a precautionary measure, certain batches of infant formula have been recalled. "As of now, we have not received any reports of discomfort related to the relevant products. All Nestlé Special Medical Purpose Infant Formula, NAN Supreme, Illuma, and S26 Platinum Formula registered and sold in mainland China are unaffected. We always prioritize product quality and consumer health," the representative said.Traders are cutting back on bets on the European Central Bank’s monetary policy, anticipating the first rate hike could come in March 2027.On January 7th, analyst Giuseppe Dellamotta stated that gold prices continue to be supported by geopolitical tensions and weak US data, with bullish momentum remaining solid. However, Fridays US non-farm payroll report could pose a challenge. While the credibility of the previous report was questionable due to issues related to the government shutdown, this data should provide a clearer economic picture. Strong data could lead to a significant pullback in gold prices as traders postpone their expectations of an imminent Federal Reserve rate cut; conversely, weak data should continue to support golds upward trend. Furthermore, the US Supreme Court has set Friday for its opinion release, which may determine the outcome of Trumps tariff policies. If the tariffs are rejected, the easing of stagflation risks could lead to a decline in gold prices. Conversely, if the tariffs remain unchanged, while not triggering significant fluctuations, they will still support the upward trend in gold prices.

US Dollar Index Dodges Around 100.60, Eyes More Upside on Hawkish Powell

Larissa Barlow

Apr 22, 2022 09:48

The US dollar index (DXY) is demonstrating casual fluctuations in a modest range of 100.55-100.66 after a robust comeback on Thursday. Since the likelihood of a major rate hike by the Federal Reserve increased, the DXY has exhibited a clear reversal after falling below the psychological support level of 100.00. (Fed). After declaring that investors should brace for a half-percent rate hike in May's monetary policy, Fed chair Jerome Powell's speech boosted the likelihood of a 50 bps interest rate hike.

Fed’s Powell Speech at IMF

The arrival of Fed’s Powell at the International Monetary Fund (IMF) produced a significant reversal in the DXY as Powell repeated that the tight labor market and increasing inflation are driving the Fed to move faster to the neutral rates than to the pace adopted in past raise cycles. Current pricing pressures are damaging the economy, making it difficult for the Federal Reserve System (Fed) to reduce the CPI (Consumer Price Index) down to the targeted 2 percent level.

Key Events Next Week

Durable Goods Orders, Consumer Confidence, Housing Price index, Gross Domestic Product (GDP) statistics, Personal Consumption Expenditure Prices, Michigan Consumer Sentiment Index (CSI) (CSI).

Eminent Issues on the Back Boiler

ECB President Christine Lagarde and BOE Governor Andrew Bailey are all scheduled to speak at upcoming events, including the Russia-Ukraine peace talks and the IMF summit.

Dollar Index Spot

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