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05/19/2022

CPI rose to 9% in April UK monetary policy tightening expectations strengthened

The Office for National Statistics said CPI rose 2.5% in April from a year earlier. core CPI, which excludes volatile energy and food prices, rose 6.2% in April from a year earlier, up from a 5.7% rise in March.
Economists expect inflation in the U.K. to remain high for the rest of the year due to high commodity and food prices, but is expected to fall sharply in 2023.
Bank of England Governor John Bailey told the House of Commons Treasury Committee this week that he could not prevent U.K. inflation from hitting 10% this year. At the same time, he admitted that rising food prices are like "the end of the world" for British consumers. He attributed the high inflation to poor global supply chains and the Russia-Ukraine conflict.

05/18/2022

Global dairy trade price index falls 2.9% Whole milk powder prices drop the most

The Global Dairy Trade Price Index fell 2.9 percent at the Global Dairy Trade Auction, which ended overnight in New Zealand on the 17th. The price of whole milk powder fell the most, by 4.9 percent to $3,934 per ton (about 27,000 yuan).
This is the fifth consecutive decline in the Global Dairy Trade Price Index since March. The Global Dairy Trade Auction, held every two weeks, is the main platform for global dairy trading, and global dairy prices had hit a nine-year high in February's auction.

05/17/2022

Uber launches self-driving food delivery pilot program in California

Uber has launched a self-driving car meal delivery service, as well as another pilot program using sidewalk robots. Both services are available to Uber Eats customers in Santa Monica and West Hollywood, California, or consumers can opt out of the service.
The new self-driving food delivery pilot program is a partnership between Uber and Motional, which originally announced the plan last December, and the companies said the new program was launched on May 16. motional is a joint venture between Hyundai and Amboy. Uber said the sidewalk robots are being provided by Serve Robotics, which is a spin-off of Postmates, the delivery company Uber acquired in 2020.

05/16/2022

Taiwan Tiger Airways (6757-TW) welcomed its 16th group of cabin crew members today, the first time training for cabin crew members has resumed since the outbreak hit in 2020. Taiwan Tiger Airways has announced that it is looking forward to the news of the relaxation of control measures by various countries, and it is expected that China will also open its borders in the second half of the year, and with the delivery of new A320neo aircraft, it will recruit hundreds of new blood to join.

05/13/2022

May 13 spot gold trading：Asian and European sessions, spot gold bottomed out, earlier once hit a new low of more than three months to $ 1810.07 / ounce, Powell reiterated that the Fed may raise interest rates in June and July by 50 basis points each, investors bet that the Fed will adhere to aggressive rate hikes, helping the dollar index overnight surge to refresh nearly 20-year highs, Friday the dollar remained at high levels of oscillation, putting pressure on gold prices.

05/12/2022

European stocks opened lower collectively, with the Euro Stoxx 50 down 2.6%：On Thursday, European stocks opened lower collectively, with the Euro Stoxx 50 down 2.6%, the FTSE 100, France's CAC 40, Germany's DAX 30 and the Netherlands' AEX all down more than 2%, Italy's FTSE MIB down nearly 2% and Spain's IBEX 35 down 1.6%.

05/11/2022

Japanese gaming giant Nintendo launches 1 for 10 stock split plan：Gaming giant Nintendo (TYO:7974) has announced its fiscal 2021 results for the year ending March. The report shows that the company's sales for the fiscal year fell 3.6% year-on-year to 1.695 trillion yen, while net profit fell 0.6% year-on-year to 477.6 billion yen

05/10/2022

Investment demand for gold ETFs cools in April：The latest data provided by the World Gold Council shows that after a strong start to the first quarter, investment demand for gold ETFs began to cool last month as investors began to prepare for the Federal Reserve's aggressive tightening of monetary policy.

05/09/2022

More than 80% of emerging market equity funds were unable to sell their underlying positions：Steven Holden believes that Russian stocks are overweighted because some stocks are calculated based on share prices prior to the Russian-Ukrainian conflict.

05/07/2022

Trust funds are accelerating into the securities market!
As of now, 61 trust companies' 2021 annual reports have been released. According to statistics, the divergence in trust company performance continues. Particularly noteworthy is the significant growth in actively managed securities investment trusts, with some trust companies experiencing more than three-fold growth in size at the end of 2021 compared to the beginning of the year.

05/06/2022

Credit Suisse: Maintain "Neutral" rating on Brilliance China (01114)：Credit Suisse maintained a Neutral rating on Brilliance China (01114) in a research report, with a target price of HK$7.8 on a 40% year-over-year decline in the joint venture's earnings contribution in the first quarter. Its joint venture BMW Brilliance's first quarter earnings fell 35% year-on-year to RMB 5.1 billion, mainly due to a shortage of auto chip supply and the impact of the epidemic, and a weak start to the second quarter of this year, with sales falling 59% year-on-year in the first three weeks of April, due to the epidemic affecting supply.

05/05/2022

Lack of materials and chips, motorcycle sales will be cut for the year：The shortage of chips has hit the two-wheeled industry hard, and Taiwan's reputation as the "Kingdom of Motorcycles" is facing a challenge. The CEO of Kuangyang Industry, Mr. Ko Chun-bin, raised a warning yesterday that there is currently a shortage of vehicles in both domestic and foreign sales, and it is estimated that the overall export sales of motorcycles in Taiwan this year may be less than 200,000 units, which is less than half of the previous year's 400,000 units.

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