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New US sanctions against Russia include multinational companies
The US government has imposed sanctions on nearly 300 entities and individuals it says are linked to Russia, including more than a dozen Chinese entities.
U.S. ADP NONFARM employment increased by 192,000
According to the US ADP employment report, the US ADP employment increased by 192,000 in April, higher than the expected 180,000, and March's previous reading was revised up from 184,000 to 208,000. ADP's wage data shows that wage growth is slowing for both those who change jobs and those who stay with the company, though the former remains at a high level.
Yesterday ,The offshore RMB depreciated against the US dollar and Euro, while appreciating against the Yen
Yesterday, the offshore RMB exchange rate against the US dollar slightly depreciated, as of press time, the offshore RMB exchange rate against the US dollar was 7.2011, compared with the previous trading day's close of 7.1897, a depreciation of 114 basis points.
The offshore RMB exchange rate against the euro depreciated sharply yesterday, as of press time, the offshore RMB exchange rate against the euro was 7.7653, compared with the previous trading day's close of 7.7364, a depreciation of 289 basis points.
The offshore RMB strengthened slightly against the 100 yen yesterday, as of press time, the exchange rate of the offshore RMB against the 100 yen was 4.6900, compared with the previous trading day's close of 4.7000, an appreciation of 100 basis points.
Yesterday ,The onshore RMB strengthened against the US dollar, Euro and Yen
The onshore RMB strengthened sharply against the US dollar yesterday, with the onshore RMB trading at 7.2046 as of press time, up 376 basis points from the previous close of 7.2422.
The onshore RMB strengthened sharply against the euro yesterday, as of press time, the onshore RMB against the euro exchange rate of 7.7591, compared with the previous trading day's close of 7.7913, an appreciation of 322 basis points.
Yesterday, the onshore RMB to 100 yen exchange rate rose sharply, as of press time, the onshore RMB to 100 yen exchange rate of 4.6800, compared with the previous trading price of 4.7300, an appreciation of 500 basis points.
Yesterday ,The RMB central parity rate appreciated against the US dollar and depreciated against the Euro and Yen
The RMB strengthened slightly against the US dollar yesterday, with the central parity rate of the RMB to the US dollar at 7.0994, up 69 basis points from 7.1063 in the previous trading day.
The RMB depreciated sharply against the euro yesterday, with the central parity rate of the RMB to the euro at 7.6632, 174 basis points weaker than the previous trading day's 7.6458.
The RMB depreciated sharply against the 100 yen exchange rate yesterday, with the central price of the RMB to the 100 yen exchange rate at 4.6550, 780 basis points lower than the previous trading day's 4.5770.
Net gold purchases by global central banks rose 1% in the first quarter from a year earlier
Recently, the World Gold Council released the "Global Gold Demand Trend Report" shows that in the first quarter of this year, global central banks bought 290 tons of net gold, an increase of 1%. This is the highest quarterly figure since quarterly data on global central bank purchases began in 2000, and 69% higher than the five-year average.
Vietnam's exports rose 10.6 per cent in April from a year earlier
Recently, the General Bureau of Statistics of Vietnam released data, in April, Vietnam's total foreign trade was 61.2 billion US dollars, down 5.2% from the previous month, an increase of 15%. From the import and export data, in April, Vietnam's exports of 30.94 billion US dollars, down 8.1% month on month, an increase of 10.6%; In the same period, Vietnam's imports reached 30.26 billion US dollars, down 2% from the previous quarter and up 19.9% year-on-year. The United States is its largest exporter
Iran sanctions US and UK individuals and entities for supporting Israel
Iran's Foreign Ministry has imposed retaliatory sanctions on 25 US and UK individuals and entities for "supporting Israel's human rights violations against Palestinians". According to the statement, the sanctions include freezing the assets and bank accounts of the sanctioned individuals and entities in Iran and barring the relevant persons from entering the country.
Amazon's first-quarter net profit jumped 229% from a year earlier
Recently, Amazon released the first quarter of the fiscal year 2024 financial results: net sales of $143.313 billion, an increase of 13%, excluding the impact of exchange rate changes is also an increase of 13%; Net profit of $10.431 billion, a sharp increase of 229%; Diluted earnings per share were $0.98, a significant increase from diluted earnings per share of $0.31 in the prior year period.
Aliexpress trial run traffic new play "Super explosion day"
A few days ago, AliExpress revealed that it is piloting a new traffic game called "Super Outbreak Day", which can quickly boost the sales of successful commodities by gathering traffic. It is understood that the project was set as a key project in the first half of the year within AliExpress to create the most efficient explosive product play method. The project is expected to be officially launched in May, and fully managed goods can be signed up to participate.
20% Container throughput at the Port of Houston is up 20 per cent year on year
Roger Guenther, chief executive officer of the Port of Houston,said that container throughput at the Port of Houston reached 360,991 TEUs in March, an increase of 20% compared to the same period last year. Throughout the first quarter, total cargo handled through the Port of Houston's two main container facilities, Barbours Cut and Bayport, increased 4 percent to a total of more than 1.06 million TEUs, an increase of 15 percent compared to the same period in 2023.
ONE23 fiscal year revenue fell 50% year over year
Recently, Ocean Network Shipping (ONE) announced the 2023 fiscal year (April 2023 - March 2024) performance report. During the reporting period, ONE achieved operating revenue of $14.536 billion, down 50% year-on-year; Net income was $974 million, down 94% from a year earlier. According to ONE, cargo volumes in the U.S. market are expected to recover, but a full recovery in the global economy is unlikely due to global geopolitical instability and persistent inflation.
Berkshire's net income fell 64.2% from a year earlier
Warren Buffett's Berkshire Hathaway recently released its first quarter results for 2024. Berkshire Hathaway's revenue for the first quarter of 2024 was $89.869 billion, up 5.2% year-over-year, versus market expectations of $85.92 billion and $85.393 billion in the year-ago quarter. Net profit for the first quarter was $127.02 billion, down 64.2% from the same period last year. The market expected $9.892 billion and $35.504 billion in the same period last year.
Luckin Coffee's total net revenue in the first quarter rose 41.5% year-on-year
Recently, Luckin Coffee announced the first quarter of 2024 financial results. Financial data show that Luckin Coffee's total net revenue in the first quarter was 6.278 billion yuan, an increase of 41.5%. A net 2,342 stores were added in the first quarter, bringing the total number of stores to 18,590.
Smear Day is coming
"Yunnan Smear Festival" is trending again. "Yunnan Smear Festival" formerly known as "touch you black Carnival", the three words "touch you black" are transliterated from the "Wa language", meaning "here is what we pursue, what we expect, stick to it, stick to it forever." It is the custom of praying for peace on the forehead with the ash of the bottom of the pot, which expresses their optimistic and cheerful spirit of life.
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