• English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On October 13th, Commonwealth Bank of Australia (CBA) economist Belinda Allen stated that the Reserve Bank of Australias (RBA) November policy meeting "remains highly uncertain." Allen said that CBA currently believes the RBA will not raise interest rates, but acknowledges a high risk of misjudging the situation. She pointed out that recent statements from RBA officials have been "clearly hawkish," focusing on upside risks to inflation while paying less attention to downside risks to economic growth. Allen stated that the signals from recent RBA communications indicate that the central bank remains concerned about persistent inflationary pressures and may need to maintain a more cautious policy stance.On October 13th, at the 2026 Kirin Media Communication Conference, Xu Songyu, Minister of Wireless Terminal Chip Product Management Department of Huawei Semiconductor Business, unveiled for the first time the detailed architecture diagram of the Kirin 9050 Pro logic-folding chip, including the new generation Lingxi CPU, Ma Liang GPU, Da Vinci architecture NPU, Kirin AI ISP, Balong AI Modem, FFTS function flow task scheduler, audio and video processor, security processor, and the collaborative work of the Lingxi microcore. Xu Songyu revealed that the next-generation Kirin 2027 chip is also ready, and so far, all test results have met expectations, thus ensuring the sustainability of the evolution (logic folding) over the next 10 years. As for the specific stages and the technologies required for each point, these will likely be gradually developed and discussed.On October 13, the International Monetary Fund (IMF) warned that the extreme weather caused by the ongoing El Niño phenomenon could further weaken commodity markets, amplify the impact of high fertilizer prices, and disrupt other climate-sensitive sectors such as transportation. The IMF stated that past experience shows El Niño typically pushes up food and commodity prices while dragging down economic activity, particularly in economies where food spending constitutes a large portion of consumer spending. The IMF pointed out that these risks are especially pronounced for energy-importing countries, particularly emerging market and developing economies with limited fiscal space and weak external buffers. If commodity prices remain high, it could widen current account deficits in these countries and exacerbate exchange rate pressures. Meanwhile, higher inflation could force central banks to adopt tighter monetary policies, further hindering economic growth.On October 13th, regarding the latest test results of the Zunjie V800 brake pedal released by Zunjie Auto, a sales representative from a dealership stated that the official test results fully comply with safety standards. However, they revealed that despite meeting the standards, the upgrade will still proceed as planned. "Those who have placed orders now, including those who ordered before delivery, will use the new, optimized pedal solution. Those who have already taken delivery will also receive an upgrade." According to Zunjie Autos previous statement on October 8th, even under non-standard extreme testing conditions, they aim to provide users with greater safety redundancy: they will further optimize the component design and offer free upgrade options to already delivered customers. The latest test results from Zunjie Auto on October 13th show that the Zunjie V800 brake pedal, after inspection, meets the industry standard QC/T 788-2018 requirements (longitudinal force 1500N, displacement ≤5mm), and after a more stringent test to a longitudinal force of 3000N, no cracks or damage were found.October 13th - A quarterly survey released by the Bank of Japan on Tuesday showed that the proportion of Japanese households expecting prices to rise over the next year fell to 88.6% in September, down from 90.4% in June. The survey also showed that 86.5% of respondents expected prices to rise over the next five years, slightly higher than 86.1% in June. The data indicates that although short-term inflation expectations among Japanese households have declined, long-term inflation expectations remain at a high level.

EUR/GBP Rebounds from 0.8400 on ECB-BOE Divergence

Larissa Barlow

Apr 26, 2022 10:06

The EUR/GBP pair is reversing course from 0.8400, following a precipitous plunge from Monday's high of 0.8440. The pair has remained firmer in recent trading days, despite the European Central Bank's (ECB) President's speech at the International Monetary Fund (IMF) meeting adopting a dovish position.

 

The ECB's officials do not anticipate a rate hike until its Asset Purchase Program is completed (APP). The central bank has stressed the importance of lowering growth expectations in light of the Ukraine crisis and a large decline in household real income due to increasing energy costs and commodities prices. The circumstances need a stagflationary situation in the eurozone. Meanwhile, investors are focused on Wednesday's speech by ECB President Christine Lagarde. The speech will set the stage for the monetary policy narrative that will be dictated in the policy announcement.

 

Meanwhile, Bank of England (BOE) Governor Andrew Bailey rekindled fears of increasing inflation in the pound area during his testimony on Thursday. As per his directive, investors should begin bracing for a further increase in inflation, which might result in higher interest rates.

 

Although the ECB's Christine Lagarde's speech on Wednesday will be crucial, investors will also be focused on Thursday's eurozone Consumer Confidence report. Euro Consumer Confidence is -16.9, unchanged from its previous close.

EUR/GBP

image.png