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Hong Kong-listed Kinsun Technology (09877.HK) surged over 4% in the afternoon after the company announced at midday that it expects its interim revenue to increase by 385% to 400% year-on-year.JPMorgan Chase: Raises its year-end 2026 target for the S&P 500 to 8,000 points, up from 7,800 points previously.On August 10th, Kinsys Technology (09877.HK) announced that the Group expects to achieve revenue of approximately RMB 63 million to RMB 65 million for the six months ended June 30, 2026, representing an increase of 385% to 400% year-on-year. Other income and gains are expected to be approximately RMB 9 million to RMB 11 million, totaling approximately RMB 72 million to RMB 76 million, representing an increase of RMB 47 million to RMB 51 million compared to the same period last year, representing an increase of 188% to 204% year-on-year. The main reasons for the performance growth during the reporting period include: 1. The Groups Ken-Valve transcatheter aortic valve system continued to achieve steady revenue growth. Ken-Valve is suitable for aortic regurgitation or stenosis, and its product design features and operational advantages have enabled the procedure to be rapidly promoted and applied in multi-level medical institutions; 2. The Group actively carried out paid clinical implantation of multiple structural heart disease interventional products overseas. The product’s excellent clinical efficacy and application advantages have been highly praised by key opinion leaders and experts around the world, and can meet the huge unmet clinical needs of structural heart disease worldwide.U.S. senior defense official Colby: The United States has more interests in the Indo-Pacific region than ever before, which means that investment in the region is stronger and growing.ADNOC Gas Division: Increased oil production in the UAE has boosted supply confidence.

USD/CHF Steady at 1.0020 as DXY Pauses, Powell and US Retail Sales Take Center Stage

Daniel Rogers

May 16, 2022 10:46

The USD/CHF pair is bouncing within a small range between 1.0020 and 1.0030 in early Tokyo, as the US dollar index (DXY) is not gaining much traction due to Monday's light economic calendar. Although broad-based fundamentals continue to favor the dollar bulls, the Federal Reserve (Fed) is projected to raise interest rates by another significant number in June in an effort to limit the inflation issue.

 

Last week, Fed's Powell's interview with the national radio show Marketplace revealed the ongoing conversations among Fed policymakers regarding anticipated rate hikes in monetary policies. Fed Powell indicated that the Fed could declare two additional rate hikes in the next two consecutive monetary policy sessions in order to tame the soaring inflation.

 

In the meantime, the US dollar index (DXY) is poised between 104.46 and 104.60 after reaching a new 19-year high of 105.00 on Friday. The DXY appreciates the broader gains but requires further triggers to maintain strong. In the future, two significant events on Tuesday will keep investors occupied. First will be Fed Chairman Powell's speech, which will likely influence monetary policy action in June. The second significant event is the monthly US Retail Sales report, which is anticipated to increase by 0.7% from the previous reading of 0.5%.

 

In terms of the Swiss franc, Friday's Industrial Production data will be the focal point. The catalyst reached 7.3% the previous time. A greater-than-anticipated number will strengthen the Swiss franc against the U.S. dollar. 

USD/CHF

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