• English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Ideal Auto (02015.HK): It took 31 months for the cumulative delivery volume of Ideal L series to exceed 1 million!Canada will not impose retaliatory tariffs on most U.S. food and other basic necessities, two federal trade advisers said.According to a report by Counterpoint Research, a research organization, on April 2, global shipments of foldable phones in 2024 will increase by 2.9% compared to 2023. However, the poor sales performance of Samsung Electronics and OPPO in the fourth quarter of last year may affect the total shipments this year. It is expected that global shipments of foldable phones will fall by 4% this year compared to last year. With Apple likely to release its first foldable phone and the launch of a new generation of foldable phones by various manufacturers, global shipments of foldable phones are expected to see strong growth in 2026.On April 2, South Korean battery manufacturer Samsung SDI announced that the 4695 large cylindrical battery module has been shipped from its Vietnam plant. The battery cells are produced in the Cheonan plant in South Korea and the modules are assembled in Vietnam. This is the first 46 series large cylindrical battery in the Korean industry to be put into mass production. It is mainly supplied to the US market and is used in three-wheeled electric vehicles, small electric vehicles, electric assisted bicycles and motorcycles. Samsung SDIs mass production plan is more than one year ahead of the original schedule.Market news: Gaming platform Roblox said on Tuesday that it will cooperate with Google (GOOG.O) to provide advertisements to encourage player participation in order to generate more revenue.

Weighing in at around 0.8470, the Euro is weak against the Pound before the release of UK GDP figures

Alina Haynes

Aug 12, 2022 12:06

 截屏2022-08-12 上午9.49.50.png

 

Since last Thursday, the Euro to Pound exchange rate has been unable to break beyond the 0.8465 barrier. The asset is expected to behave erratically as investors wait for data on the UK's gross domestic product (GDP). On August 1st, the cross hit a three-month low of 0.8340 and has since rallied strongly.

 

In contrast to the 0.8% growth seen in the first quarter of CY2022, preliminary estimates show that the UK GDP shrank by 0.2% in the second quarter. It is also expected that annual data would drop to 2.8% from 8.7% in the previous report. If the growth rate is falling, it means that aggregate demand for goods and services has dropped sharply, which has dampened economic activity.

 

The United Kingdom's GDP predictions have been reduced due to rising price pressures and a contained Labor Cost Index. Mounting payouts act as a headwind for families already struggling to make ends meet in the face of rising cost constraints. In addition, they have decreased their demand because of the low AVERAGE HOURLY WAGE.

 

Data on manufacturing output is also expected to be subpar. From the prior 2.3% annual report, we expect a drop to 0.9%. There is also an expectation that the monthly numbers will indicate a drop of 1.8% from the earlier figure of 1.4%.

 

Industrial production figures for the Eurozone will be released by Eurostat, and they are expected to fall 0.2% month-on-month and 0.8% annually.