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German government spokesman: German Chancellor Scholz will travel to London on Sunday to attend a Ukrainian security conference.On February 28, Mixue Group (02097.HK), the parent company of affordable tea drink "Mixue Ice City", will be listed in Hong Kong next Monday (March 3), and there will be dark trading today. Comprehensively considering the three major dark trading venues, Mixue Groups dark trading rose by more than 20%, ranging from 23.4% to 28%, to 250 to 259 yuan. Among them, the dark trading of Phillip had the largest increase, and one lot (100 shares) made a maximum profit of 5,670 yuan on paper. In the Phillip dark trading venue, Mixue Group opened at 278 yuan, and once rose 40.7% during the session, reaching a high of 285 yuan, with a turnover of 600 million yuan, while the dark trading of Futu and Yaocai had turnover of 690 million yuan and 24.11 million yuan respectively. Mixue Group plans to issue 17.06 million shares, with an offer price of 202.5 yuan, raising 3.45 billion yuan, 100 shares per lot, and an entry fee of 20,454.2 yuan per lot.On February 28, Lingge Technology announced that the main financial data for 2024 showed that the company achieved operating income of 214 million yuan, a year-on-year decrease of 19.36%; the net profit attributable to shareholders of the listed company was a loss of 40.0431 million yuan; the net profit attributable to shareholders of the listed company after deducting non-recurring gains and losses was a loss of 44.5898 million yuan.Italys initial monthly CPI rate for February was 0.2%, in line with expectations of 0.20% and the previous value of 0.60%.Italys initial annual CPI rate for February was 1.7%, in line with expectations and the previous value of 1.50%.

With positive market sentiment, GBP/USD targets momentum above 1.1360; the UK CPI is the main topic

Daniel Rogers

Oct 19, 2022 15:46

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The GBP/USD pair is hitting resistance near the immediate barrier of 1.1360 during the Tokyo session. The barriers surrounding 1.1360 seem to be thinning as market participants' risk tolerance increases. After two straight strong trading days, S&P500 futures have continued to increase their gains in the Tokyo session. After overcoming the aforementioned challenge, the pound bulls will grow stronger.

 

The US dollar index (DXY), which is now doing poorly, is circling about 112.00. The value of the asset can drop even further as a result of a decline in the demand for safe-haven assets. In contrast, despite the Fed's heightened hawkishness, US bond returns continue to be strong. The 10-year US Treasury yields have advanced over 4.01% as of the time of writing.

 

The likelihood of a fourth consecutive 75 basis point (bps) rate increase announcement is roughly 96%, according to the CME FedWatch tool.

 

According to Reuters, Neel Kashkari, president of the Minneapolis Fed Bank, said on Tuesday in response to escalating inflationary pressures, "Until I see some compelling indication that core inflation has at least peaked, I am not willing to pronounce a pause in rate hikes."

 

The rate of inflation hasn't changed much as a result of ongoing Fed rate rises. Although the core Consumer Price Index (CPI) is well-anchored due to rising service sector pricing, the headline CPI has declined as a result of decreasing fuel prices.

 

On the British front, the Bank of England (BOE) announced on November 1 that the Asset Purchase Facility will include its bond-selling program (APF). Market liquidity will decrease as a result.

 

In the UK, political unrest is at an all-time high as a result of the government's lack of confidence in Prime Minister Liz Truss. If given the opportunity to vote again, Rishi Sunak, who lost to Ms. Truss, would receive 55% of the Tory members' votes, while Ms. Truss would receive only 25%.

 

Future course will depend on the inflation figures released by the United Kingdom on Wednesday. Forecasts suggest that the headline and core inflation rates could both rise by 10 basis points, to 10% and 6.4%, respectively. An increase in inflation reaching double digits could pose new challenges for the British economy.

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