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On January 2nd, Changan Automobile announced that its sales volume in 2025 will reach 2.913 million vehicles, a year-on-year increase of 8.5%, setting a new high in nearly nine years. Among them, sales of new energy vehicles will reach 1.109 million vehicles, a year-on-year increase of 51%.Hong Kong-listed tech stocks continued their upward trend in the afternoon, with Baidu (09888.HK) rising over 8.6%, NetEase (09999.HK) rising over 6%, Trip.com (09961.HK) and Alibaba (09988.HK) rising over 4%, and Tencent Holdings (00700.HK), Kuaishou (01024.HK), and JD.com (09618.HK) rising over 3%.On January 2nd, Formula Leopard announced that it sold 50,868 vehicles in December 2025, representing a 36% increase month-over-month and a 345.50% increase year-over-year; and that its total sales for 2025 reached 234,600 vehicles, a 316.1% increase year-over-year.On January 2nd, Qiushi magazine published a special commentator article pointing out that, considering various factors, my countrys real estate industry is at a crucial juncture in its development. The transition from old to new models requires time, as does the shift in market behavior logic. It is essential to deeply grasp the development laws of the real estate industry, correctly understand the current situation, maintain strategic focus, and take proactive measures to strengthen macro-control of the real estate market with more powerful and precise actions. This will continuously improve and stabilize market expectations, minimize adjustment time, smooth market fluctuations, and promote the steady, healthy, and high-quality development of the real estate market.January 2nd - According to the Financial Times, the UK financial regulator has closed 100 investigations in less than three years without taking any enforcement action, bringing the number of investigations on hand to its lowest level in nearly a decade. This unprecedented "clean-up" highlights a strategic shift at the Financial Conduct Authority (FCA). Since Therese Chambers and Steve Smart took over as co-heads of enforcement in April and June 2023, respectively, the FCA has aimed to reduce the number of investigations but focus on cases with greater impact. According to FCA data, between April and November last year, the agency completed 24 investigations, closing nine without any enforcement action and taking enforcement action in 15 others. In the two years leading up to March 2025, the FCA also abandoned 91 investigations that yielded no enforcement results. A total of 100 investigations have been closed without enforcement since Chambers and Smart took office, representing the largest "clean-up" since the FCAs inception in 2013.

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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