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Gold prices have retreated in the short term, currently falling below the resolution low of 3645. The VIP Market Monitoring Tool - Indicator Resonance Point (15-minute) shows that the strongest upward resistance for gold is at 3649.56, the four-hour low and a multi-period Fibonacci retracement level. Strongest downward support is at 3634.50, the lower band of the hourly Bollinger Band. The long-short order ratio shows that 50.78% of funds are short, slightly outnumbering long positions. Furthermore, capital flows show a significant decrease in volume, prompting caution for a continued correction. For more information, see the "VIP Zone - Market Monitoring Tool."Kuwaits Oil Minister: Oil demand is expected to increase after the US interest rate cut, especially from Asia.Germanys DAX30 index opened up 171.94 points, or 0.74%, at 23,518.89 points on Thursday, September 18; Britains FTSE 100 index opened up 18.98 points, or 0.21%, at 9,227.35 points on Thursday, September 18; Frances CAC40 index opened up 31.76 points, or 0.41%, at 7,818.74 points on Thursday, September 18; Europes The STOXX 50 index opened up 34.55 points, or 0.64%, at 5404.25 points on Thursday, September 18; the Spanish IBEX 35 index opened up 92.38 points, or 0.61%, at 15232.38 points on Thursday, September 18; and the Italian FTSE MIB index opened up 292.02 points, or 0.70%, at 42247.00 points on Thursday, September 18.The Central Bank of Jordan cut interest rates by 25 basis points.On September 18th, Cui Dongshu, Secretary-General of the China Passenger Car Association (CPCA), stated in a statement that the penetration rate of new energy commercial vehicles in commercial vehicles will reach 20% in 2024, a significant increase compared to 2023. In August 2025, the penetration rate of new energy commercial vehicles reached 30%, a 7 percentage point increase from 23% in August of the previous year, showing relatively strong performance. From 2019 to 2021, the penetration rate of new energy commercial vehicles as a whole was around 3%, reaching 9% in 2022, 11% in 2023, and 20% for the entire year of 2024. From January to August 2025, the penetration rate reached a good level of 25%, reflecting the strong growth momentum of new energy commercial vehicles. In August 2025, the penetration rate of new energy commercial vehicles was 30%, a 7 percentage point increase over the same period last year, and a 7 percentage point increase from January to August, which was stronger than the growth of passenger cars.

According to Australian Retailer Woolworths, Inflation Is Driving Home Dining

Haiden Holmes

Feb 22, 2023 14:10

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Woolworths Group Ltd, a leading Australian retailer, said that an inflation-driven move away from dining out aided in boosting sales, driving its shares higher after its half-year earnings above expectations despite cost challenges.


Since COVID-19 lockdowns in 2020 prompted supermarket hoarding, Woolworths and its smaller competitor Coles Group (OTC:CLEGF) Ltd have witnessed significant fluctuations in Australian customer behavior. As lockdowns were lifted in 2021, and again in 2022, sales slowed as rising energy and labor costs pushed up shelf prices.


Woolworths said on Wednesday that cost-of-living constraints, including skyrocketing electricity prices and nine interest rate rises since May, are now beginning to benefit stores as consumers choose for in-home consumption.


Since the beginning of 2023, food sales have increased 6.5%, roughly in step with inflation, compared to just 2.4% in the six months leading up to the end of December, the business reported.


"The shift from eating in restaurants to eating at home has become more evident," said Chief Executive Brad Banducci to reporters.


He stated that a growing number of clients from all demographic groups are now preparing meals at home since eating out is becoming more expensive.


The company's net profit before significant items increased 14% to A$907 million ($622 million), above the Visible Alpha consensus estimate of A$877 million. The majority of the increase was attributable to employee back pay linked to a prior salaries miscalculation.


Similar to Tuesday's announcement of Coles' interim results, Woolworths' profit increase was aided by a dramatic drop in COVID-19-related expenditures.


At midday, Woolworths shares were up 2%, compared to a 0.3% decline in the overall index, as analysts hailed the potential of profit margin expansion at a business vulnerable to rising supplier prices.


Phillip Kimber, a retail analyst at E&P Financial, wrote in a client note, "The momentum in the core Australian Food industry remains strong, with sales growth rates above expectations in early 2H23."


Woolworths declared an interim dividend of 46 Australian cents per share, up from 39 Australian cents per share the previous year.