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On September 4th, Tencent Cloud announced the launch of its AI-powered autonomous penetration testing product, "Wujing," delivered as a SaaS platform and ready to use out of the box. Wujing primarily targets four scenarios: pre-deployment detection, routine continuous penetration testing, pre-attack and defense drills, and business logic vulnerability testing. Enterprises can simply input the authorized targets and asset scope to obtain a reproducible vulnerability evidence report with a single click. The product is now available for enterprise trial.September 4th - Due to rainfall, the water level at the Jian Hydrological Station in the middle reaches of the Ganjiang River in Jiangxi Province reached the warning level (50.50 meters) at 5:05 AM on September 4th. According to the regulations for numbering floods in major rivers, this flood is designated as "Ganjiang River Flood No. 1 of 2026".Cathay Pacific (00293.HK): We will continue to review the resumption time of cargo flights to Dubai and Riyadh.On September 4th, Wang Wenjun, Deputy Director of the National Healthcare Security Administration, introduced at a press conference held by the State Council Information Office on the theme of "Starting the 15th Five-Year Plan" that in the first seven months of this year, the maternity insurance fund expenditure reached 78.42 billion yuan, benefiting 25.56 million people, including 60.78 billion yuan in maternity allowance expenditure, which was fully realized through direct payment to individuals. During the 15th Five-Year Plan period, efforts will be made to promote the simultaneous participation of flexible employment personnel, migrant workers, and new employment forms in maternity insurance while participating in employee medical insurance, reasonably improve the level of prenatal examination protection, promote the basic realization of "no out-of-pocket expenses" for inpatient delivery within the policy scope, and further expand the scope of direct settlement of maternity medical expenses in different regions.On September 4th, Reserve Bank of New Zealand (RBNZ) Assistant Governor Silk stated that the RBNZ is more likely to wait until December to raise interest rates again. The RBNZ raised the official cash rate for the second consecutive meeting this week, with Governor Brehman indicating that further rate hikes may be needed, but policymakers want time to assess the impact of the rate increases so far. The statement signaled that investors have lowered their expectations for a rate hike at the next meeting in October, while heavily betting on a December hike. "We have made it very clear that, based on the economic outlook, we do believe that further rate hikes may be necessary in the future," Silk said in an interview on Friday. "Whether it will be in October or December is still uncertain, but based on the current interest rate path, the latter is more likely." Investors share this view. Swap data shows that the market currently expects only a 31% probability of a 25 basis point rate hike to 3% in October, and a 100% probability of a 3% rate hike in December. Silk reiterated that the RBNZ does not have a predetermined rate hike path.

Before BoJ Ueda's Speech, GBP / JPY Struggles To Extend Above 163.00

Alina Haynes

Feb 27, 2023 14:30

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It is difficult for the GBP / JPY pair to prolong its gains above 163.00 during the Asian session. Given that Bank of Japan (BoJ) Governor Nominee Kazuo Ueda is following in the footsteps of former BoJ Governor Haruhiko Kuroda, it is expected that the cross will resume its upward trend as investors cease supporting the Japanese Yen.

 

In his speech on Friday, BoJ Ueda stated that the current monetary policy is appropriate to maintain inflationary pressures. Despite reaching a multi-decade high, Japan's Consumer Price Index (CPI) is non-sticky due to the international forces propelling inflation. The accelerating price index in Japan is due to higher petroleum and food import prices, not domestic demand and wages, which should be the primary generators of inflation. The objective of the Japanese government was to develop a strategy for exiting the decade-long monetary policy with a new BoJ chairman. BoJ Ueda's dovish remarks, however, reduced long-term yen support wagers.

 

The term "ecosystem" refers to a group of people who work in the construction industry.

 

In the meantime, the British pound has moved sideways ahead of the anticipated announcement of a Brexit agreement by Prime Minister Rishi Sunak and President Ursula von der Leyen of the European Commission. "The Prime Minister wants to ensure that any deal fixes the practical problems on the ground, ensures trade flows freely throughout the entire UK, protects Northern Ireland's place in our Union, and returns sovereignty to the people of Northern Ireland," Sunak's office said in a statement cited by Reuters.