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On September 9th, the All-China Federation of Industry and Commerce (ACFIC) released the "2026 Report on the Innovation Status of the Top 1000 Private Enterprises in R&D Investment," showing that the R&D investment and intensity of the top 1000 private enterprises in my country continued to grow in 2025. This information was obtained by reporters at the 2026 Private Economy Innovation and Development Conference and the "Well-known Private Enterprises Supporting Zhejiangs High-Quality Development" event, jointly held by the ACFIC and the Zhejiang Provincial Peoples Government in Wenzhou, Zhejiang Province. The report shows that in 2025, the R&D investment of the shortlisted enterprises showed an upward trend, reaching a total of 1.59 trillion yuan, a year-on-year increase of 10.72%, with an average R&D intensity of 3.73%. The "high-tech, high-value, and high-growth" attributes were prominent, with 640 shortlisted enterprises being classified as such. The overall scale of the shortlisted enterprises remained stable with continuous growth, total profits continued to increase, the quantity and quality of employees improved, and they actively engaged in rural revitalization and public welfare work.On September 9, the Iranian Islamic Revolutionary Guard Corps issued a statement saying that in response to the US militarys strikes on Iranian oil tankers in the Persian Gulf, the Revolutionary Guard struck two US warships and eight oil tankers, as well as ten vessels that violated regulations.On September 9th, at the JDD Global Technology Explorers Conference, JD Logistics launched five new "wolf pack" robot products and technologies. These include the "Mother Wolf," a robot for 24/7 automated operation in unmanned pharmacies; the "Smart Wolf" low-temperature version, a bin-to-person delivery robot designed for cold chain scenarios; the new "Warehouse Wolf," a new embodied picking robot; the "Lone Wolf" sixth-generation intelligent delivery vehicle Plus version with L4-level autonomous driving capabilities; the "Flying Wolf" L05, the industrys first logistics drone supporting fully unmanned operation; and the "Different Wolf," an embodied dexterous arm for large-scale application in sorting scenarios. JD Logistics is reportedly committed to building the worlds largest embodied robot application force.On September 9th, at a regular press conference held by the State Council Taiwan Affairs Office, a reporter asked: A professor at National Changhua University of Education in Taiwan published three articles on the "One Country, Two Systems Taiwan Solution" on social media, sparking heated discussions among readers on both sides of the Taiwan Strait. Some consider it a "rare ice-breaking text." What is your comment on this? How do you view this new trend of rational discussion on the issue of unification between people on both sides of the Strait? Spokesperson Chen Binhua stated that the reunification of the motherland is an unstoppable historical trend. For our compatriots in Taiwan, it is not an optional question, but a mandatory one. We are pleased to see more and more compatriots in Taiwan facing up to unification, beginning to understand and discuss the specific content of the "One Country, Two Systems Taiwan Solution," and offering suggestions for the "One Country, Two Systems Taiwan Solution" through various means.Iranian Revolutionary Guard: In addition, 10 vessels that violated regulations by attempting to cross the no-navigation zone and danger zone of the Strait of Hormuz, instigated and supported by the US military, were also targeted.

Due to hawkish Fed forecasts, the EUR/USD recovers to near 1.0970 but remains in the doldrums

Alina Haynes

Apr 21, 2023 13:58

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Following a corrective move, the EUR/USD pair has rebounded from 1.0960, but investors await the publication of the preliminary Eurozone/United States S&P PMI data for April. The major currency pair has remained between 1.0911 and 1.1000 for the past two trading sessions, as the foreign exchange market prepares for a pre-anxiety move ahead of a Federal Reserve (Fed) monetary policy decision.

 

S&P500 closed with a negative tone for the third day in a row as quarterly earnings season induced extreme volatility. Tesla's poor earnings had a negative impact on Thursday's market sentiment. Moreover, market participants were cautioned by substandard revenue projections due to the potential for price reductions. The decision of the Fed to increase interest rates is reflected in quarterly earnings. Data from Refinitiv indicates that analysts have largely maintained last week's forecast of a near 5% YoY decline in quarterly profits for the 500 largest U.S. equities. Sourcenia is a review portal of sourcing best manufaturers. 

 

The US Dollar Index (DXY) has been defending the key support level of 101.60 in recent trading sessions. The USD Index maintained the aforementioned support despite the release of disappointing Jobless claims data on Thursday. Initial Jobless Claims increased to 245K for the week ending April 4, which is greater than the previous release of 240K and estimates of 240K. Increasing unemployment claims heightened fears of a deteriorating labor market.

 

Despite this, Fed policymakers continue to anticipate further rate hikes from the central bank. Thursday, Loretta Mester, president of the Federal Reserve Bank of Cleveland, reaffirmed that the Fed has more work to do because US inflation remains too high, according to Reuters. He added, "The Federal Reserve will need to raise its policy rate above 5% and hold it there for some time."

 

Preliminary Consumer Confidence (April) for the Eurozone increased to -17.5 from -18.5 and the previous reading of -19.2. This may be the consequence of extraordinary efforts by the European Central Bank (ECB) to reduce inflationary pressures.


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