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August 11th - According to foreign media citing sources familiar with the matter, Apple (AAPL.O) is still planning a major redesign of the iPhone with a glass-centric design to celebrate the devices 20th anniversary, refuting previous analyst reports that the plan had been cancelled. Sources say Apple is expected to release iPhone Pro models with a completely new glass exterior next year. These phones, internally codenamed V73 and V74, will feature glass on both the front and back, with the material curving to the sides of the device, complemented by a metal frame. Apples design studio had previously pushed for a more futuristic version that used more glass and almost no metal, but this was abandoned in early stages. According to sources, Apple encountered problems connecting the glass panels when adopting this design, making it impossible to meet mass production requirements.Sources familiar with the matter said Apple (AAPL.O) still plans to release a completely upgraded iPhone with a glass core next year to mark the 20th anniversary of the iPhone, after an analyst report said the plan had been cancelled.The Peoples Bank of China announced that, based on the demand from primary dealers in open market operations, the 7-day reverse repurchase operation volume on August 11, 2026, was zero.On Tuesday, August 11, the Hang Seng Index opened 61.1 points higher, or 0.24%, at 25,998.59; the Hang Seng Tech Index opened 13.35 points higher, or 0.27%, at 4,932.81; the H-share Index opened 32.22 points higher, or 0.37%, at 8,654.06; and the Red Chip Index opened 9.4 points higher, or 0.23%, at 4,152.25.The container shipping index (Europe route) main contract fell by more than 3.00% during the day, and is currently trading at 1585.0 points.

Ahead of preliminary US S&P PMI data, the XAU/USD remains sideways below $2,000, according to our Gold Price Forecast

Alina Haynes

Apr 20, 2023 13:49

 截屏2022-08-04 下午5.25.46_1024x576.png

 

In the early European session, the Gold price (XAU / USD) is exhibiting erratic movements near $1,994.00. The precious metal is in a state of indecision as investors await the release of preliminary S&P PMI data for the United States on Friday.

 

After violent swings influenced by the Federal Reserve's (Fed) Beige Book, the US Dollar Index (DXY) is showing signs of volatility contraction below 102.00. The declining trend of advances to consumer and business loans by U.S. commercial banks has intensified concerns of a recession in the U.S. economy, despite the fact that economic activity in 12 Fed districts remained virtually unchanged. To prevent a decline in asset quality, banks have tightened credit disbursement requirements.

 

In the meantime, S&P futures have recorded sizeable losses during the Asian session, as investors are wary of firms' comments regarding revenue guidance. The market anticipates that constrained credit conditions will impact the working capital management of cash-reliant companies, thereby affecting their output.

 

The market expects preliminary US S&P PMI data to reveal a Manufacturing PMI reading of 49.0, a decrease from the previous reading of 49.9. The Services PMI is anticipated to decrease to 51.5 from 52.6 previously reported.


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