Many European countries announced record high price indexes
Recently, many European countries announced July inflation data. Hungary July consumer price index rose 13.7% year-on-year, the highest in 24 years; Norway CPI index rose 6.8% year-on-year, the fastest growth rate since July 1988; Germany's inflation rate reached 7.5%, the fifth consecutive month The month-on-month increase exceeded 7%; Portugal's CPI increased by 9.1% year-on-year, a new high since November 1992; Irish consumer prices rose by 9.1%, the highest increase since 1984.
| Tengdao comments: Soaring prices have an impact on demand.
Argentina raised interest rates again ,950 basis points, reaching a three-year high
Argentina's central bank announced that it would raise the benchmark Leliq interest rate by 950 basis points, from 60% to 69.5%, which was the largest rate increase in nearly three years. This is the eighth rate hike this year. Two weeks ago, Argentina’s central bank raised interest rates by 800 basis points.
| Tengdao comments: Prices have increased by 71% in the past 12 months.
Last Saturday the offshore RMB appreciated against the US dollar and the Japanese yen, and depreciated against the euro
Last Saturday the offshore RMB exchange rate against the US dollar appreciated slightly . As of press time, the offshore RMB exchange rate against the US dollar was reported at 6.7307, which is higher than The closing price of the previous trading day was 6.7403, which appreciated by 96 basis points.
The exchange rate of offshore RMB against the euro depreciated slightly last Saturday. As of press time, the exchange rate of offshore RMB against the euro reported 6.9095, which was 637 basis points lower than the closing price of the previous trading day.
Last Saturday, the offshore RMB exchange rate against 100 yen appreciated sharply. As of press time, the offshore RMB exchange rate against 100 yen reported 5.0400. Compared with the closing price of the previous trading day 5.0700, appreciated 300 basis points. .
Last Friday the onshore RMB exchange rate against the US dollar, the euro, and the Japanese yen appreciated
Last Friday the onshore RMB exchange rate against the US dollar appreciated slightly . As of press time, the onshore RMB exchange rate against the US dollar reported 6.7430, which is higher than the previous one. The closing price of the trading day was 6.7447, and appreciated 17html by 6 basis points.
Last Saturday, the exchange rate of onshore RMB against the euro appreciated significantly . As of press time, the exchange rate of onshore RMB against the euro reported 6.9171, which was appreciation 447 basis points compared with the closing price of the previous trading day 6.9618.
Last Saturday, the exchange rate of onshore RMB against 100 yen appreciated significantly . As of press time, the exchange rate of onshore RMB against 100 yen reported 5.0500, which was 5 basis points higher than the closing price of the previous trading day 5.0700. appreciated 200 basis points. .
Last Friday the central parity rate of the RMB depreciated against the US dollar and the euro, and appreciated against the Japanese yen
Last Friday the RMB exchange rate against the US dollar depreciated slightly , the central parity rate of the RMB against the US dollar was reported at 6.7413, compared with the previous trading day 6 .7324, depreciated 89 basis points.
The RMB exchange rate against the euro depreciated significantly last Friday. The central parity rate of the RMB against the euro exchange rate was reported at 6.9550, which was 6234 basis points lower than the previous trading day.
The exchange rate of RMB against 100 yen appreciated slightly on Friday. The central parity rate of RMB against 100 yen was reported at 5.0663, which was an appreciation of 17 basis points compared with the previous trading day 5.0680.
| Tengdao comments: The recent trend of the US dollar is consistent.
The U.S. trade deficit reached 79.6 billion U.S. dollars, narrowing significantly
The latest data released by the U.S. Bureau of Economic Analysis showed that after revision, U.S. exports in June were 260.8 billion U.S. dollars, an increase of 4.3 billion U.S. dollars from the previous month; imports were 340.4 billion U.S. dollars US dollar, a month-on-month decrease of US$1 billion; the trade deficit was US$79.6 billion, a month-on-month decrease of US$5.3 billion, but an increase of US$134.1 billion, an increase of 33.4%.
| Tengdao comments: The appreciation of the US dollar and energy exports have obvious effects.
World Bank : Vietnam's annual economic growth rate is 7.5%
The World Bank recently predicted that Vietnam's GDP growth rate in 2022 will be 7.5%, and the inflation rate will be 3.8%. In addition, Standard Chartered Bank has also predicted that Vietnam's gross domestic product (GDP) will grow by 10.8% and 3.9% respectively in the third and fourth quarters of 2022, and the annual GDP growth rate may reach 6.7%. .
| Tengdao comments: The base is still very low, and the road is still long.
Pakistan foreign reserves are less than 8 billion U.S. dollars, reaching a new low
The latest data released by the State Bank of Pakistan show that as of August 5, the foreign exchange reserves held by the State Bank of Pakistan were 7.8303 billion U.S. dollars, compared with 8.3854 billion U.S. dollars on July 29 The dollar fell by $555 million, its lowest level since October 2019
|tentao Comments: Debt repayments will slow down in the next 3 weeks.
TikTok’s July revenue exceeded US$290 million, a sharp year-on-year increase.
Sensor Tower store intelligence data shows that in July 2022, Douyin and the overseas version of TikTok attracted more than 290 million US dollars in the global App Store and Google Play, which was 1.7 times that of the same period last year. Consecutively ranked first in the global mobile application (non-game) revenue list. About 45% of that revenue comes from the Chinese version of Douyin.
| Tengdao comments: The United States contributed 16.2% of the revenue.
Wish announces rebranding and launches multi-channel promotion
Recently, Wish announced that it will carry out a comprehensive rebranding, including the launch of a new brand logo, application icons, font images, pictures and color matching, and has now begun to promote it in all relevant channels ( Including Wish application) will be gradually updated, and large-scale, multi-channel marketing promotion activities will be carried out in core markets.
| Tengdao comments: The promotion will continue until the end of this year.
Russian seaport cargo volume fell by 0.2% in the first seven months
The Russian Federal Sea and River Transport Agency stated that from January to July this year, Russian seaport cargo turnover was 482 million tons, a year-on-year decrease of 0.2%. Among them, dry cargo transshipment volume decreased by 5.1% to 225.8 million tons, and liquid cargo increased by 4.5% to 256.2 million tons. Caspian Sea port cargo volume fell the most, down 27.5% to 3.1 million tons.
| Tengdao comments: The gap with last year has been significantly narrowed.
USPS announces operation of DMV pilot program
USPS recently announced that it is launching a pilot program to rent self-service kiosk space in the post office lobby from the California Department of Motor Vehicles. Select California Post Office customers can use the kiosks to conduct DMV transactions, including renewing vehicle registrations and requesting replacement registration cards or stickers.
| Tengdao comments: In order to increase your income, you should give it a try.
Foxconn announces expansion of iPhone production in India 14
Foxconn recently announced that as Apple continues to diversify its supply chain in Asia, the company will expand its factory in Tamil Nadu, India, for the upcoming iPhone 14. of production. Meanwhile, Foxconn said its Indian factory will ship iPhone 14 in the second half of 2022.
| Tengdao comments: China VS India, which one you buy is which.
Toyota announced results, revenue growth and net profit fell
A few days ago, Toyota Motor released its financial report for the first quarter of fiscal year 2023 (April to June 2022), which showed that the group achieved operating income of 8.49 trillion yen (approximately RMB 427.1 billion), a year-on-year increase of 7%; net profit was 758.2 billion yen (approximately RMB 38.374 billion), a year-on-year decrease of 18.2%.
| Tengdao comments: The impact of raw material supply is still quite large.
Xiaomi bionic robot is here
Recently, Xiaomi released the first full-size humanoid bionic robot CyberOne, which was also officially unveiled. The robot is 177 centimeters tall and weighs 52 kilograms. It is a truly full-size humanoid bionic robot . It has high emotional intelligence, can perceive human emotions, has sharp vision, and can reconstruct the three-dimensional virtual world of the real world.
| Tengdao comments: Robots are getting closer and closer to reality.
It’s a new week, come on~
Ps. Your mentality is your best Feng Shui, and your character is your best luck. Be simpler, be kinder, and work harder, and you will have more happiness. Good morning !
Source: Foreign Toast Information
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