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On January 19th, Dinglong Technology announced its 2025 annual performance forecast, projecting net profit attributable to shareholders of the listed company to be between 700 million and 730 million yuan, representing a year-on-year increase of 34.44% to 40.20%. Net profit excluding non-recurring gains and losses is expected to be between 661 million and 691 million yuan, representing a year-on-year increase of 41.00% to 47.40%. During the reporting period, strong growth in the semiconductor materials and display materials businesses, coupled with deepened cost control and the release of lean operational efficiency, drove improved profitability.Brazilian economists predict that the Central Bank of Brazils benchmark interest rate will be 12.25% by the end of 2026; this was also the previous forecast.A spokesperson for the European Commission said the EU Transatlantic Relations Council will convene on Thursday, January 22.On January 19th, Jianghua Microelectronics announced that its controlling shareholder, Zibo Xingheng Tusong, after planning a major event leading to a change of control, signed a conditional share transfer agreement with Shanghai Fuxun Technology. Due to the progress of the above matter, the companys stock will resume trading on January 20, 2026. This change of control is still subject to several procedures, including internal decision-making and regulatory approval, and therefore involves uncertainty. The company promises to strictly fulfill its information disclosure obligations according to the progress of the matter and reminds investors to pay attention to investment risks.A German government spokesperson stated that tariff threats are unacceptable and that the government is determined to respond to new tariffs with retaliatory tariffs.

The AUD/JPY exchange rate fluctuates below 90.00 as investors await BoJ action

Alina Haynes

Jan 18, 2023 15:03

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In the early Asian session, the AUD/JPY currency pair is bouncing violently in a narrow range below the resistance level of 90.00. Before the Bank of Japan introduces its first monetary policy of CY2023, the risk barometer indicates a sideways auction (BoJ). The AUD/JPY exchange rate reflects the consolidation of the AUD/USD, indicating an uncertain risk profile.

 

Investors anticipate that the Bank of Japan (BoJ) will not alter its policy stance on Friday, as doing so would increase financial market risk and hinder efforts to boost inflation. Previously, the Bank of Japan (BoJ) announced that the central bank will review the negative side effects of the decade-long ultra-loose monetary policy, generating the impression that the central bank is eager to abandon the easy policy.

 

The experts at Standard Charted expect the Bank of Japan to hold both the policy balance rate and the 10-year yield goal at their present levels of -0.1% and 0%, respectively. The recent decision to expand the 10-year JGB band to +/-50 bps (from +/-25 bps) will be evaluated by policymakers at the December meeting.

 

The replacement of current Governor of the Bank of Japan Haruhiko Kuroda will be widely followed. The next BoJ governor nominee is anticipated to be presented to the Japanese parliament on February 10, Reuters reported on Tuesday. Amamiya, Nakaso, and Yamaguchi are regarded as leading C.banking candidates.

 

Thursday is the expected publication date for Australian employment statistics, which investors are monitoring. The Unemployment Rate is expected to remain constant at 3.4%, according to the majority of economists. Aside from this, the Australian economy must have added 22,500 new jobs to the labor market in December, a down from the prior rises of 64K.

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