EUR/USD 1.16417
0.313%
Gold 4556.37
1.068%
Oil 90.698
-4.796%
USD/JPY 158.923
-0.150%
GBP/USD 1.34934
0.401%
GBP/JPY 214.446
0.259%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On May 25th, the head of the Department of Consumption Promotion of the Ministry of Commerce discussed the situation of my countrys consumer market in April 2026. Inbound consumption continued to heat up, and departure tax refunds increased significantly. With the continuous expansion of visa-free countries, the optimization and upgrading of departure tax refund policies, and the orderly implementation of the "Buy in China" campaign, "inbound traffic" is rapidly transforming into "consumption growth." In the first quarter, travel service exports increased by 32.3% year-on-year. From January to April, sales of goods eligible for departure tax refunds in Guangzhou and Shenzhen increased by 186% and 145% respectively, while those in Shanghai and Beijing increased by 65% and 45% respectively.On May 25th, it was learned from the Ministry of Housing and Urban-Rural Development that, with the continuous advancement of garbage sorting in my country, garbage sorting has basically achieved full coverage in residential communities of prefecture-level and above cities nationwide. The latest data from the Ministry of Housing and Urban-Rural Development shows that garbage sorting has basically achieved full coverage in residential communities of 297 prefecture-level and above cities. By the end of 2025, there will be 1,137 incineration facilities nationwide, with a daily processing capacity of 1.18 million tons. Fifteen provinces and municipalities, including Beijing, Zhejiang, and Shandong, have achieved "zero landfill" of raw domestic waste, and the control of major pollutant emissions is among the worlds leading levels. To ensure the effective implementation of garbage sorting, prefecture-level and above cities have issued 199 local regulations or rules related to garbage sorting and formulated more than 100 technical standards and specifications. Garbage sorting has become a fundamental task in various regions. The Ministry of Housing and Urban-Rural Development stated that, according to the plan, this year it will continue to optimize and improve the policy system, strengthen the management of recyclables according to local conditions, and improve the resource recycling rate of garbage. It strives to achieve a resource utilization rate of over 76% for urban domestic waste nationwide by the end of 2030.On May 25th, the Shanghai Stock Exchange and China Securities Index Co., Ltd. decided to revise the compilation scheme of the SSE Smart Home Index to further enhance the investability of the index. The revisions include: (1) adding an investability screening rule: the average daily turnover in the past year must rank in the top 90% of the sample space; (2) revising the sampling method: for securities that meet the investability screening criteria in the sample space, the top 50 securities in terms of average daily total market capitalization in the past year will be selected as index samples from smart home terminal equipment, component applications, home intelligence and whole-house interconnection and other smart home-themed securities; (3) revising the weighting method: free-float market capitalization weighting, with the weight of a single sample in the household appliances and home furnishing industry not exceeding 10%, and the weight of a single sample in other industries not exceeding 3%; (4) adding a periodic adjustment ratio limit: the proportion of the number of samples adjusted each time generally does not exceed 20%. The rest of the index compilation scheme remains unchanged. The above revisions to the compilation scheme will be implemented on June 15, 2026.May 25 - On the afternoon of May 25, President Xi Jinping will hold talks with Serbian President Aleksandar Vučić, who is on a state visit to China, at the Great Hall of the People in Beijing.Japanese Prime Minister Sanae Takaichi: We continue to call for energy conservation, but we are not currently at a stage of further energy conservation, which may affect economic activity.

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

 EUR:GBP.png

 

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.


Suggestion