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A new outbreak in Europe has prompted many countries to extend their lockdown measures

A new variant of the novel coronavirus has emerged on the continent in recent days, the third wave of the epidemic in Europe.France is up by 35, 000 a day, Germany by 17, 000.Germany announced it would extend the lockdown until April 18 and asked its citizens to stay at home to prevent a third wave of the new coronet.Nearly a third of France has been put on lockdown for a month after a surge in confirmed corona-related cases in Paris and parts of northern France.

China’s Hong Kong export index rose continuously

Recently, the data released by the Trade Development Bureau of Hong Kong Special Administrative Region of China shows that the export index of Hong Kong, China in the first quarter of this year is 39, up 2.8 percentage points from the previous quarter.Export confidence rose across the board in all major industries, with jewelry and toys showing the strongest rebound.While the export index has risen for the fourth consecutive quarter, it is still in contraction territory below 50, reflecting cautious optimism among Hong Kong traders about the near-term export outlook.

The offshore renminbi depreciated against the dollar and the euro and rose against the yen yesterday
The offshore renminbi depreciated slightly against the US dollar yesterday, at 6.5427 at the time of writing, down 160 basis points from the previous trading day’s close of 6.5267.
The offshore renminbi depreciated slightly against the euro yesterday, closing at 7.7255, 135 basis points lower than the previous trading day’s close of 7.7120.
The offshore renminbi rose slightly to ¥100 yesterday, closing at 5.9900, 100 basis points higher than the previous trading close of 6.0000.
Yesterday the onshore renminbi depreciated against the dollar, the euro, and the yen did not change
The onshore renminbi depreciated slightly against the US dollar yesterday, at 6.5430 at the time of writing, 184 basis points weaker than the previous trading day’s close of 6.5246.
The onshore Renminbi depreciated slightly against the Euro yesterday. The onshore Renminbi closed at 7.7158 against the Euro yesterday, depreciating 88 basis points compared with the previous trading day’s close of 7.7070.
The onshore renminbi was unchanged at 5.9900 yen yesterday, unchanged from the previous session’s close of 5.9900 yen.
Yesterday, the central parity of the renminbi depreciated against the dollar, against the euro, yen appreciation
The renminbi depreciated slightly against the US dollar yesterday, with the central parity rate at 6.5282, down 54 basis points from 6.5228 in the previous trading day.
The renminbi rose slightly against the euro yesterday, with the central parity rate at 7.7109, up 160 basis points from 7.7269 in the previous session.
The renminbi rose slightly against 100 yen yesterday, with the central parity rate at 6.0030, up 68 basis points from 6.0098 in the previous trading day.

The United States is considering a new $3 trillion economic stimulus plan

Recently, according to American media reports, the Biden administration is mulling a total of 3 trillion US dollars economic stimulus package.The plan may consist of two parts. The first part will focus on infrastructure, providing funds to boost manufacturing, combat climate change, build broadband and 5G networks, and upgrade transportation infrastructure.The second covers universal pre-K, free community college, child tax credits, and subsidies for low – and middle-income families to enroll in health insurance.

South Korea had a balance of payments surplus of $7.06 billion in January

Recently, the data released by the Bank of Korea showed that South Korea’s current account surplus in January was USD7.06 billion, up USD6.48 billion year on year, and the current account surplus in the international balance of payments was the ninth consecutive month since May last year.The trade surplus in goods in January was US $5.73 billion, up US $3.66 billion year on year.Exports were up 9% from a year earlier, while imports were basically flat.The service trade deficit was US $610 million, a year-on-year decrease of US $2.38 billion.

Greece will introduce car sharing and ride-sharing

Greece’s cabinet has approved a new plan to introduce car-sharing and ride-sharing services in a bid to ease traffic congestion and cut emissions, foreign media reported.Greece’s infrastructure and transport ministries are due to enact legislation by the end of the year.According to data provided by the Organization for Economic Cooperation and Development, 11.5 million users used these car-sharing services in Europe in 2018.

The Suez Canal is heavily clogged with cargo ships

As tugboats and dredgers failed to free the 224,000-ton ship, rescue operations were suspended and an elite Dutch maritime rescue team arrived to find a way to free the vessel, Bloomberg reported on March 25.At least 100 ships carrying goods ranging from oil to consumer goods have been delayed, with ship owners and insurers facing potential claims totalling millions of dollars.

Tencent’s performance bucked the trend in 2020

Tencent Holdings, regarded as the leading company in Hong Kong, announced its full-year results for 2020. Despite the epidemic, Tencent maintained a 28 percent revenue growth, with a total revenue of 482.064 billion yuan, or about US $73.881 billion, and a net profit of 159.847 billion yuan, up 71 percent year on year compared with 93.31 billion yuan in 2019.


Post time: Mar-26-2021