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On September 22nd, at the 2026 Yunqi Conference, Qianwen announced it will accelerate the development of its Personal Agent. Zheng Sishou, Qianwens product manager, stated that since its launch last year, enabling everyone to have their own AI assistant has always been Qianwens unwavering goal. Leveraging the powerful Agentic capabilities of the Qwen 3.8 series models, Qianwen is building a new form of Personal Agent to provide continuous, personalized intelligent services to 300 million users. Currently, Personal Agent has integrated personal health and financial data, and its open platform covers more than 20 fields.According to Hong Kong Stock Exchange filings, HSBC Holdings (00005.HK) spent HK$93.2 million to repurchase 580,000 shares on September 21.On September 22, the Italian National Institute of Statistics confirmed that the countrys deficit rate last year was 3.1%, a setback for Prime Minister Melonis government, which had previously hoped for an upward revision. While still low compared to similar countries like France, this deficit rate exceeds the EUs 3% cap, delaying Italys exit from the EUs Excessive Deficit Procedure (EDP). This procedure is an EU monitoring mechanism, essentially a "blacklist" of countries with high deficits. This result is another blow to Meloni, whose government is already struggling with the Middle East situation and faces next years national elections. She and the finance minister have been working to keep the deficit low. The goal remains to escape EU scrutiny next year, but for now, Meloni will face further obstacles while still attempting to increase defense and energy spending.On September 22, according to Qianwen Big Model, Qianwen released Qwen Intelligence, an AI mobile phone full-stack solution, which aims to co-create with mobile phone manufacturers to enable mobile phones to complete various complex tasks.September 22nd - According to CNN, US President Trumps Gulf allies will meet with him in New York on Tuesday as he weighs whether to "destroy" the Iranian regime. They had previously successfully dissuaded Trump from major escalation efforts, and this time, they fear further entanglement in the war, just as Washington is searching for a way out. Trump stated last Thursday that he faces a "major decision" regarding the war and wants to hear directly from Gulf leaders. The dilemma facing the Gulf leaders is how to provide Trump with a viable path forward, protecting themselves from further attacks, while simultaneously avoiding further involvement in the war.

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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