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Voyah Automobile: 15,146 vehicles were delivered in April 2026, a year-on-year increase of 51%.On May 1, a spokesperson for the Ministry of Commerce stated: The U.S. Federal Communications Commission (FCC) has abandoned the principle of technological neutrality, overgeneralized the concept of national security, and frequently introduced restrictive measures without factual basis, discriminating against companies and products from other countries, including China, seriously damaging the interests of China and other relevant trading partners. These restrictive measures undermine the hard-won stability of China-U.S. economic and trade relations and violate the consensus reached by the two heads of state. China is highly concerned and firmly opposes this.On May 1st, Zheng Shanjie, Director of the National Development and Reform Commission, published an article in Qiushi magazine entitled "Promoting Chinese-Style Modernization through High-Quality Implementation of the 15th Five-Year Plan." The article states that developing new productive forces is an inherent requirement and key focus of high-quality development, and an inevitable choice for gaining a competitive edge in international competition. It emphasizes accelerating high-level scientific and technological self-reliance. This includes focusing on strengthening original innovation and tackling key core technologies, and increasing the proportion of funding for basic research. It also stresses reinforcing the leading role of enterprises in scientific and technological innovation, and promoting the aggregation of innovation resources such as projects, platforms, data, and talent to enterprises. Furthermore, it calls for integrated development of education, science, and talent, strengthening planning coordination, policy synergy, resource allocation, and evaluation linkage. Finally, it emphasizes seizing the opportunities presented by digital and intelligent development, promoting the large-scale, intensive, green, and inclusive development of computing resources, strengthening the supply of high-quality data resources, and deepening and expanding "artificial intelligence +".SAIC Motor Passenger Vehicle: From January to April 2026, the retail sales of Roewe and MG exceeded 302,000 units, a year-on-year increase of 5.8%; the retail sales in April exceeded 78,000 units, a year-on-year increase of over 15.5%.On May 1st, Indian Oil Corporation (IOC) announced it would maintain domestic jet fuel prices unchanged for May. This comes after several airlines warned of potential service disruptions due to supply shortages caused by the conflict in Iran. The Indian refiner, Indias largest, has set a benchmark for the industry, maintaining domestic jet fuel prices at 104,927 rupees per kiloliter (approximately US$1,105). However, according to its website, the company will be raising prices for international operators, though the specific amount was not disclosed. Global airlines are facing operational disruptions due to jet fuel shortages caused by the Middle East conflict. The aviation industry is highly sensitive to fuel price increases, with fuel costs accounting for up to 40% of operating expenses. Even small increases can significantly impact profitability and ticket prices.

USD/JPY falls to 146.00 as the DXY weakens and interest in BOJ policy rises

Alina Haynes

Oct 27, 2022 15:28

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During the Asian session, in response to negative signals from the US dollar index, the USD/JPY pair plunged below 146.00. (DXY). Following Wednesday's low of 146.22, the asset's two-day downward trend has extended. The main index is reaching the bottom of Monday's knee-jerk reaction near 145.77 as it continues to decline.

 

The dollar bears are facing a severe sell-off due to the positive market sentiment. The risk-sensitive currencies have benefited from an increase in risk appetite. The US dollar index (DXY) has struck a new monthly low of 109.56 and is anticipated to stay volatile until the release of crucial US economic data.

 

The increased demand for U.S. government bonds has resulted in a decline in yields. This is due to the global markets' increased confidence. The yield on 10-year United States Treasury notes has decreased to 4%.

 

According to estimates, the Gross Domestic Product of the United States expanded by 2.4% in the third quarter. Despite the ultra-hawkish monetary policies of the Federal Reserve (Fed) and the previously disclosed 0.6% fall in growth, forecasts indicate a positive growth rate.

 

In addition, US Durable Goods Orders data will continue to be a key point. Compared to a reduction of 0.2%, it is projected that economic statistics will increase by 0.6%. Notable is the increase in core inflation, which includes oil and food prices. In spite of this, the predicted increase in demand for durable goods in the United States demonstrates healthy household demand.

 

Investors in Tokyo are anticipating the Bank of Japan's (BOJ) interest rate decision on Friday. In view of the shocks to foreign demand, BOJ Governor Haruhiko Kuroda will continue an ultra-loose monetary policy to stimulate the outlook for economic development. In addition, Japanese policymakers are anxious that the inflation rate could go below 2%; hence, an extremely liberal policy is the best alternative.

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