2.美国8月CPI同比上升2.5%，连续第5个月回落，预估为2.5%，前值为2.9%；美国8月CPI环比上升0.2%，预估为0.2%，前值为0.2%。① State Council: Leveraging the long-term investment advantages of insurance funds to increase investment in strategic emerging industries, advanced manufacturing, new infrastructure, and other areas. ② The US CPI in August increased by 2.5% year-on-year, falling for the 5th consecutive month. ③ The Fed's 'clue' indicates a 25 basis point rate cut next week. ④ Institutions expect the global shipments of the iPhone 16 series to reach 73 million units in 2024.
Focus on hotspots:
1. The State Council issued the 'Opinions on Strengthening Regulation, Preventing Risks, and Promoting the High-Quality Development of the Insurance Industry.' Leveraging the long-term investment advantages of insurance funds, nurturing genuine patient capital, promoting the benign circulation of funds, capital, and assets. Increasing investment in strategic emerging industries, advanced manufacturing, new infrastructure, and other areas to serve the development of new quality productive forces. Guiding insurance funds to support technological innovation, venture capital, rural revitalization, and the development of green and low-carbon industries.
2. The US CPI rose by 2.5% year-on-year in August, falling for the 5th consecutive month, estimated at 2.5%, with a previous value of 2.9%; the US CPI increased by 0.2% month-on-month in August, estimated at 0.2%, with a previous value of 0.2%.
Excluding the volatile prices of food and energy, core CPI rose by 0.3% month-on-month in August, surpassing the market's previous expectation of 0.2%; the year-on-year growth rate remained at 3.2%, unchanged from the market's expectation.
3. Renowned macro journalist Nick Timiraos, known as the 'mouthpiece of the Fed', wrote on Wednesday that the continued trend of weakening inflation paves the way for the Fed to gradually lower interest rates starting next week. However, the unexpected rise in housing inflation makes it difficult for officials to push for larger rate cuts. He emphasized the need to pay attention not only to the rate cut magnitude next week but also to Fed Chairman Powell's view of the economic health.
The latest expectations indicate that the probability of the Fed cutting rates by 25 or 50 basis points in November is close, with the probability of a total rate cut of at least 100 basis points this year exceeding 80%.
4. Market research analysts predict that the shipment volume of the Apple iPhone 16 series will surpass its predecessor, with a projected global shipment volume of 73 million units in 2024. The iPhone 16 Pro Max is expected to become the best-selling model of the iPhone 16 series, accounting for 35% of total sales.
Global Index
In terms of the US stock market, as of the close of trading, the S&P 500 index rose 1.07%, closing at 5554.13 points; the Nasdaq index went from falling more than 1% to rising 2.17% at the end, closing at 17395.53 points; the Dow Jones Industrial Average rose 0.31%, closing at 40861.71 points.
On Wednesday, tech giants soared. Apple rose 1.16%, Microsoft rose 2.13%, Amazon rose 2.77%, META rose 1.39%, Google-A rose 1.68%, Tesla rose 0.87%, Nvidia rose 8.15%, and Intel rose 3.48%.
Chinese concept stocks also showed a positive and sunny state, with the Nasdaq China Golden Dragon Index rising by 1.02%. Alibaba rose 1.21%, Baidu rose 2.32%, PDD Holdings rose 2.39%, JD.com rose 2.23%, Netease rose 2.29%, NIO Inc. rose 2.19%, Li Auto Inc. fell 0.1%, and XPeng rose 4.46%.
In the Hong Kong stock market, as of the close of trading, the Hang Seng Index fell 0.73%, closing at 17107.71 points; the Technology Index rose 0.01%, closing at 3450.92 points; the HSI China Enterprises Index fell 0.73%, closing at 5982.55 points.
In terms of market performance, pharmaceuticals, lithium batteries, and home appliance stocks performed well, while banks and petroleum stocks weakened.
Company News:
China Pacific Insurance (02601.HK): Pacific Life Insurance achieved a cumulative original insurance premium income of 191.729 billion yuan in the first 8 months, a year-on-year increase of 1.5%; Pacific Property Insurance achieved a cumulative original insurance premium income of 142.235 billion yuan, a year-on-year increase of 7.7%; a total of 333.964 billion yuan, a year-on-year increase of 4.1%.
Datang Renew (01798.HK): the cumulative power generation for the first eight months of the year was 20.8117 million megawatt-hours, a decrease of 0.54% year-on-year. Among them, wind power decreased by 5.46% year-on-year, and photovoltaic power increased by 57.69% year-on-year.
Sinopec Corp (00386.HK): As of September 11, China Petroleum Chemical Corporation and its wholly-owned subsidiaries have cumulatively increased their shareholding in the company by 0.273 billion shares, accounting for approximately 0.22% of the company's total issued shares. The cumulative amount of the shareholding increase is 1.187 billion yuan. It is reported that China Petroleum Chemical Corporation will continue to selectively increase its shareholding in the company according to the shareholding increase plan.
Tencent Holdings (00700.HK): Spent 1.001 billion Hong Kong dollars to repurchase 2.72 million shares, with a repurchase price of 356.2 Hong Kong dollars to 370.6 Hong Kong dollars.
Meituan-W (03690.HK): Spent 0.5 billion Hong Kong dollars to repurchase 4.2022 million shares, with a repurchase price range of 116.70 Hong Kong dollars to 119.80 Hong Kong dollars.
