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EU High Representative for Foreign Affairs and Security Policy Karas: I think it is very important to promote dialogue between Ukraine and Russia.On May 28th, Li Hua, founder of Futu Holdings (03588.HK), responded to investor questions at the companys Q1 2026 results conference, stating that the industry-wide rule adjustments regarding cross-border securities, futures, and fund business for mainland investors issued by regulatory authorities on May 22nd are a unified requirement for the entire industry. The two-year rectification period for mainland clients does not require account closure, but rather restricts deposits and purchases within China. The company will actively embrace regulation and strictly follow the guidelines to steadily advance subsequent compliance work. It is expected that this regulatory rule update will not have a substantial impact on Futus annual customer acquisition target of 800,000. He stated that Futu had previously completely stopped opening accounts for mainland clients and has continuously strengthened account opening reviews, rejecting tens of thousands of non-compliant account opening applications over the past two years. As of the end of Q1 this year, mainland clients with assets accounted for approximately 13%, client assets accounted for approximately 17%, and the corresponding revenue contribution was approximately 20%. The company expects to enter more international markets in the future.EU High Representative for Foreign Affairs and Security Policy Karas: Europe will never be a neutral mediator between Russia and Ukraine, because we stand with Ukraine.The US initial jobless claims data for last week, the revised annualized quarterly rate of real GDP for the first quarter, the monthly rate of durable goods orders in April, the monthly rate of personal spending, the monthly and annual rates of the core PCE price index, and Canadas first quarter current account will be released in ten minutes.On May 28th, Bloomberg revealed preliminary images of Apples new digital assistant, a highly anticipated redesign of Siri, expected to be a key highlight of the next generation of iPhone, iPad, and Mac software updates. The illustrations showcase a refreshed Siri interface, a new chatbot-style application, and other major iOS 27 changes Apple plans to announce at its Worldwide Developers Conference (WWDC) on June 8th. This release is expected to be a key turning point in Apples AI strategy as the company races to catch up with competitors like OpenAI, Google, and Samsung Electronics. Apple has redesigned Siri for iPhone hardware, making it a permanent fixture in the "Skip Island," transforming it into an "always-on" intelligent assistant that helps users efficiently manage tasks across the entire operating system and various applications. The system integrates web data, personal information, and the content currently displayed on the screen to assist users in completing various tasks.

GBP/USD seeks to regain 1.2300 as higher UK CPI strengthens the case for a rate hike by the Bank of England and the USD retreats

Alina Haynes

Mar 23, 2023 15:00

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During the Asian session, the GBP/USD pair attempts to reclaim the resistance level at 1.2300. Following a vertical correction, the Cable has recovered to near 1.2260 as the market anticipates that the absence of hawkish interest rate guidance from Federal Reserve (Fed) chair Jerome Powell while addressing the economy at the monetary policy meeting indicates that the Fed is close to ending its policy-tightening spell.

 

S&P500 futures have generated some gains in the Asian session following a decline on Wednesday as a result of Fed Powell's confirmation that the fight against intractable U.S. inflation will continue. Chairman of the Federal Reserve Jerome Powell has ruled out rate cuts in 2023, citing the difficulty of controlling inflation. In addition, US Treasury Secretary Janet Yellen's statement that the government "does not plan to insure all uninsured bank deposits" heightened fears of a banking sector collapse.

 

Following a recovery move, the US Dollar Index (DXY) has retreated on expectations that additional credit tightening to protect banking institutions will reduce overall demand, economic activity, and inflation. In the interim, the demand for US government bonds has increased as a result of expectations that US Janet Yellen will end further policy restrictions and reduce support for all bank deposits.

 

On the front of the United Kingdom, the Pound Sterling is likely to maintain its strength as the Bank of England (BoE) is scheduled to raise rates for the eleventh consecutive time. Governor Andrew Bailey of the Bank of England is expected to raise interest rates by 25 basis points (bp) in response to rising food and non-alcoholic beverage prices, as well as rising energy costs, which have contributed to inflation in the United Kingdom.

 

In the midst of global banking turmoil, the Bank of England's (BoE) interest rate decision will be difficult, as policymakers were divided over whether to raise rates further or maintain them at their present level.


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