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On September 21, a spokesperson for the Iranian Revolutionary Guard stated that some people believe, for example, that Yemen and Lebanon are our proxy forces. They have deep feelings about the territorial integrity of their countries, and they have their own policies, judgments, and decisions. Resistance groups are absolutely not Iranian proxy forces. Our martyrs leader has stated that there is only one proxy force in this region, and that is the Israeli occupying regime, which is a proxy force of the United States and Europe.Iranian Revolutionary Guard spokesman: Today, American bases are not even capable of protecting themselves.On September 21, Ingenic Semiconductor (03696.HK) announced a multi-million dollar collaboration agreement with a leading fundamental modeling lab. The two companies will jointly develop, validate, and commercialize a range of cutting-edge models designed specifically for biological research, based on the MMAI Gym training framework.On September 21, Moodys Analytics stated in a report that Australias unemployment rate likely rose slightly to 4.6% in August from 4.5% in July. The report noted that economic activity is softening, partly due to successive interest rate hikes dampening demand. More intense competition for job vacancies and a declining trend in new job advertisements are signs of a weakening labor market. The relevant unemployment data is scheduled for release on Thursday.On September 21, the National Press and Publication Administration issued the "15th Five-Year Plan for the Development of the Publishing Industry," clarifying the overall requirements, goals, tasks, and safeguard measures for the publishing industry during the 15th Five-Year Plan period, and outlining the blueprint and direction for the industrys development. The plan proposes that by 2030, the publishing industry will achieve significant results in high-quality development, and its role in stimulating cultural innovation and creativity and promoting cultural prosperity will become more prominent. The plan adheres to a unified approach of goal-oriented and problem-oriented strategies, focusing on eight key areas: strengthening thematic publishing, continuously expanding the supply of high-quality publications, deepening nationwide reading initiatives, accelerating the deep integration of publishing, promoting systemic reform of the newspaper industry, driving innovative development in the printing and distribution industry, strengthening international communication in publishing, and building a high-level publishing talent pool. It outlines key tasks to be implemented during the 15th Five-Year Plan period, listing eight special columns and 33 major projects, covering the entire publishing chain and all areas, including content production, reading promotion, industry upgrading, international communication, and talent development.

Despite the fact that Eurozone interest rates are anticipated to peak sooner, the EUR/GBP looks to have breached over 0.8630

Daniel Rogers

Dec 07, 2022 15:12

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The EUR/GBP pair has had a stronger recovery from 0.8580 during the Asian session, approaching the pivotal 0.8630 level. Despite the European Central Bank (ECB) being close to reaching an interest rate high, there has been strong demand for Euro bulls. Thus, the monetary policy meeting scheduled for next week will be of utmost significance.

 

The cross is attempting to break strongly above the significant barrier of 0.8630 for the fourth time this week. The hawkish remarks made by ECB policymakers are holding back the euro bulls.

 

"There will be another rate hike," said Constantinos Herodotou, governor of the Central Bank of Cyprus, "but we are very near to neutral." The European Central Bank's chief economist, Phillip Lane, is unsure as to whether the inflation peak has already occurred or will take place in 2019. He stated that although "much has already been done," he does not rule out more rate increases.

 

Investors are currently looking forward to Christine Lagarde's speech, which will be revealed on Thursday. The ECB President is likely to lower her inflation projection in her future statement in light of the poor retail sales numbers.

 

In contrast to expectations for a 1.7% loss, this week's Eurozone retail sales numbers showed a 1.8% decline. Aside from that, annual economic data contraction came in at 2.7% as opposed to the 2.6% consensus expectation. A decline in household demand demonstrates the effectiveness of the European Central Bank's (ECB) policy tightening initiatives. To reach their sales targets, firms could feel pressured to lower the prices of their products and services.

 

The United Kingdom's deteriorating food crisis, brought on by growing costs and a labor shortfall, has had an impact on the Pound Sterling. According to Minette Batters, president of the National Farmers Union, "the government and the entire supply chain must act swiftly." The Financial Times stated that "tomorrow might be too late." The economy already faces rising food inflation, and the issue with the supply of food will make matters worse.


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