Chow Tai Fook Jewellery Group Ltd(1929.HK)

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According to the Bureau of Labor Statistics, the U.S. CPI rose 5% YoY in March, slightly lower than market expectations of 5.1% and the 6% in February. The CPI has declined for nine consecutive months. The core CPI in March…
China’s new loans in March was CNY 3.89 tn, higher than the expectation of CNY 3.3tn and CNY1.8 tn in Feb. In 1Q23, the new loans in China amounted to CNY10.3 tn, up CNY2.27 tn YoY, reflecting the still abundant…
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The data of ADP National Employment report were worse than expected. In March, the private sector hiring rose by just 145,000, down from 261,000 in February and below the estimate of 210,000. In 1Q23, the average monthly hiring was 175,000,…
China’s March Caixin (PMI) was 50, lower than the expected of 51.4, which showed signs of a weakening economic recovery and the revenge spending after Covid may not be sustainable. China’s economy is expected to face more downward pressure. HK…