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On January 11, according to the news released by UTair, a passenger plane of the company from Moscow to Dubai returned to Moscow Vnukovo Airport after takeoff on January 11, local time. It was reported that the model of the passenger plane was Boeing 767, and the reason for the planes return was a malfunction of the hydraulic oil equipment of the passenger plane. Fortunately, all passengers and crew members were safe.On January 11, it was reported that the new M8 adopts the design language of the SUV models of the Wenjie family, equipped with through-type headlights and semi-hidden door handles. In terms of parameters, the length, width and height of the car are 5190/1999/1795mm respectively, and the wheelbase is 3105mm. In terms of appearance, the M8 and M9 are slightly different, but they are also very recognizable. Two types of wheels, dense spokes and sports, appear in the declaration picture. In terms of power, the new car will be equipped with a 1.5L range extender with a power of 118kW, and the four-wheel drive version will be equipped with a front 165kW and rear 227kW drive motor, with a maximum speed of 200km/h. The Wenjie M8 has declared 6 different versions of models this time, providing three pure electric ranges of 161/235/240km, and fuel consumption (estimated to be in the feeding state) of 6.60L/100km.On January 11, during this years CES, Luca Rossi, executive vice president of Lenovo Group and president of the Intelligent Devices Group (IDG), said in an interview with the media that AI PCs will occupy a larger market share in 2025. He predicts that the penetration rate of AI PCs will reach 40%-50% or even as high as 80% in the next two to three years. "In the next three to four years, every PC will become an AI PC."Market news: Hyundai Motor Company donates $1 million to Trumps inauguration fund.British Chancellor of the Exchequer Reeves: We will take steps to ensure compliance with fiscal rules; we are committed to preparing a budget every year, which will be published in the autumn.

US Dollar Index Struggles to Surpass 104.00 as US Inflation Rate Rises

Daniel Rogers

May 11, 2022 10:06

The US dollar index (DXY) is equilibrating below the round level mark of 104.00 as market players lose interest in the release of US inflation data. The asset has been fluctuating between 102.35 and 104.20 since April 28 amid a flurry of key economic events, ranging from the Federal Reserve's (Fed) interest rate decision and the announcement of US Nonfarm Payrolls (NFP) last week to the impending Consumer Price Index (CPI) statistics.

US CPI Figures

The US Bureau of Labor Statistics is anticipated to report an annual inflation rate of 8.1 percent, a decrease from the previous rate of 8.5 percent, while the core CPI, which excludes food and energy, is anticipated to reach 6 percent. Although inflation is anticipated to be lower, this does not guarantee that the Fed will not raise rates in June. If the annual inflation rate rises over the multidecade high of 8.5%, investors should anticipate greater volatility. 

Fed's Mester's address

Loretta Mester, president of the Federal Reserve Bank of Cleveland, stated that the Fed will not ease its stance on interest rates until it observes a significant decline in inflation levels. Inflation rates are skyrocketing, and the current scenario necessitates tougher measures to curb the rate of inflation's ascent.

 

Important events this week include the Consumer Price Index (CPI), Initial Jobless Claims, and the Producers Price Index (PPI), as well as the Michigan Consumer Sentiment Index (CSI).

 

On the back burner are the Russia-Ukraine Peace Talks, China's CPI, and Christine Lagarde's address as President of the European Central Bank (ECB).


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