Euro zone November CPI decreased by 0.1% month-on-month , lower than expected
, the European Union Statistics Office released data, and the euro zone adjusted the initial CPI value of in November increased by 210% year-on-year, lower than the market expectations 10.4% and 10.6% in October. On a month-on-month basis, CPI fell by 0.1% in November, lower than the market's expected growth of 0.2%, and a sharp drop from the previous month's growth of 1.5%, slowing down for the first time in a year and a half.
| Tengdao comments: Energy price is still the highest score for increase .
Eurozone 11 consumer confidence index recorded -23.9
EU Statistics Office released data, and the final value of the eurozone consumer confidence index in November was -23.9, expectation -23.9, and the previous value was -23.9. Forexlive commented that this is a slight improvement in economic confidence in the eurozone and a welcome progress ahead of the winter.
| Tengdao commented: Slowing inflation pressure is helpful.
Yesterday Offshore RMB depreciated against the US dollar and the euro, appreciated against the Japanese yen
Yesterday Offshore RMB exchange rate against the US dollar depreciated slightly. As of press time, the offshore RMB exchange rate against the US dollar was reported to 6.9835, which was 2 basis points from the closing price of 6.9696 on the previous trading day, depreciating 39 basis points.
Yesterday, Offshore RMB against euro exchange rate depreciated significantly. As of press time, the offshore RMB against euro exchange rate was reported by 7.3808, which was 2 basis points from the closing price of 7.3382 on the previous trading day, depreciating 426.
Yesterday, the offshore RMB exchange rate against 100 yen was slightly appreciated. As of press time, the offshore RMB exchange rate against 100 yen was reported to 5.0900 yen, which was 2 basis points higher than the closing price of 5.1000 on the previous trading day, and appreciated 00 by 2 basis points.
Yesterday Onshore RMB depreciated against the US dollar and the euro, and had no change to the yen
Yesterday Onshore RMB exchange rate against the US dollar depreciated significantly. As of press time, the onshore RMB exchange rate against the US dollar was reported by 6.9737, which was 2 basis points from the closing price of the previous trading day 6.9559, depreciating 78.
Yesterday, Onshore RMB exchange rate against the euro depreciated significantly. As of press time, the onshore RMB exchange rate against the euro was reported to 7.3653, which was 2 basis points from the closing price of 7.3249 on the previous trading day, depreciating 404.
Yesterday, Onshore RMB exchange rate against 100 yen has not changed. As of press time, the onshore RMB exchange rate against 100 yen has been reported to 5.0900, which is no change from the closing price of 5.0900 on the previous trading day.
Yesterday RMB mid-price appreciation against the US dollar, euro, and yen
Yesterday RMB exchange rate against the US dollar appreciates slightly, and the RMB exchange rate against the US dollar mid-price was 6.9565, compared with the previous trading day 6.9588, and appreciates 3 basis points.
Yesterday, RMB exchange rate against the euro appreciated significantly. The exchange rate mid-price of RMB against the euro was 7.3191, which was 2 basis points higher than the previous trading day 7.3460, and appreciated 69 by 2 basis points.
Yesterday, the RMB exchange rate against the 100 yen appreciated slightly, and the RMB exchange rate mid-price against the 100 yen was 5.0857, which was 2 basis points higher than the previous trading day 5.0912, and appreciated 55html by 2 basis points.
| Tengdao commented: This wave can see if it can break 7.
Brazil's industrial output value in October increased by 0.3% month-on-month
Recently, the Brazilian National Bureau of Geographical Statistics released data. After seasonal adjustments, Brazil's industrial output value increased by 0.3% month-on-month in October this year. This is the first increase in the country's industrial output value after two consecutive months of contraction on a month-on-month basis. Monthly compared with September this year, only 7 of the 26 industries surveyed in Brazil showed growth in October.
| Tengdao commented: Among them, the food industry grew by 4.8% month-on-month.
South Korea's exports in the first 10 days of December 1 fell by 20.8% year-on-year compared with
2, the South Korean Customs Department released data. From December 1 to 10, South Korea's exports fell by 20.8% year-on-year, imports fell by 7.3% year-on-year, and trade deficit was US$4.923 billion. South Korea's cumulative trade deficit this year reached US$47.464 billion, reaching the highest level in the whole year.
| Tengdao commented: Too strong, semiconductor exports fell by 27.6%.
Pakistan 1 November CPI rose 23.84% year-on-year
A few days ago, the Pakistan Bureau of Statistics released data, and the Consumer Price Index (CPI) in November 2022 rose 23.8% year-on-year. Market estimates to rise 24.55%. Pakistan's Ministry of Finance said that in view of the stable domestic supply of Pakistan, the continued unchanged energy prices in November and the stable exchange rate, inflation pressure is expected to ease slightly.
| Tengdao comments: Food and transportation prices have increased significantly again.
Walmart Black Friday Network First Battle Report, sales increased by nearly 8 times
A few days ago, Walmart released this year's Black Friday Network First Battle Report. On the single day of Black Friday, Walmart International sellers' sales rose by nearly 8 times, and the number of goods sold and orders increased by more than 6 times; on the single day of Internet, international sellers' sales rose by more than 6 times, and the number of goods sold and orders increased by more than 5 times.
| Tengdao comments: The largest promotion ever.
eBay announced the launch of the "Green Monday" promotional event
Recently, eBay officially launched the Green Monday promotional event (the second Monday of December). Created in 2007, the event is one of the largest sales days of the year for eBay and one of the most important online shopping days in the retail industry.
| Tengdao Comments: The highest discount can reach 50%.
US container ports have entered a "winter break"
Recently, according to American Retail Federation (NRF), container imports will fall by 15% in the first quarter of 2023. Meanwhile, the monthly forecast for January 2023 will fall 8.8% from 2022 to 1.97 million TEU. This decline is expected to accelerate to 20.9% in February, at 1.67 million TEUs.
| Tengdao Comment: The lowest level since June 2020.
Evergreen Shipping announced its performance, with revenue falling by 29.29% year-on-year
Recently,Evergreen Shipping announced its performance, achieving operating income of NT$36.094 billion (about US$1.148 billion), a year-on-year decrease of 29.29% and a month-on-month decrease of 20.93%. Since July 2021, monthly revenue has been below NT$40 billion for the first time.
| Tengdao comments: The era of huge profits in sea transportation is no longer back.
Tata Group plans to open 100 Apple stores in India
2, according to the Economic Times of India, Croma, an electronics chain store owned by Infiniti Retail, a subsidiary of Tata Group, will become an authorized dealer of Apple, and open 100 stores in shopping malls, commercial streets and other places to exclusively sell Apple products. It is understood that each store area is between 500-600 square feet.
| Tengdao Review: iPhone14 series India sales are strong.
Lululemon announced its performance, with net revenue increasing by 28%
days ago, sports and casual clothing manufacturer Lululemon announced its performance. Net revenue in the third quarter reached US$1.9 billion, an increase of 28% compared with the same period last year. Profits rose to $255.5 million. 23 new stores were opened in the third quarter, and by the end of the third quarter, it had 623 stores worldwide.
| Tengdao comments: North America is still its largest market.
Nuclear fusion has made a breakthrough
Recently, scientists at Lawrence Livermore National Laboratory (LLNL) in California, USA achieved net energy gain from an experimental nuclear fusion reactor. The entire experimental facility costs US$3.5 billion and consists of nearly 200 lasers , the size of three football fields.
| Tengdao commented: Energy is no longer conserved, it will increase.
Go to work and start earning US dollars ~
Ps. All the struggles you have done today are accumulating strength for tomorrow, so don't give up. The struggle you're in today is saving the strength you need for tomorrow.
