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What investment opportunities are available in Hong Kong and the United States stock markets as the Federal Reserve is about to cut interest rates?
This week, the reason for the Fed's interest rate cut has been further strengthened. Recently, a cluster of U.S. macroeconomic data has weakened. After the release of weak data last week such as unemployment rate, PMI, and durable goods orders, June CPI also weakened this week, boosting market expectations for Fed interest rate cuts. After the Fed started the interest rate cut cycle, real estate stocks, pharmaceutical stocks, and other interest rate-related sectors are expected to be favored by the market. Multiple data shows that the US economy is cooling down and US June CPI has fallen for the third consecutive month, indicating that the most severe inflation in 40 years in the US is steadily subsiding. Thursday's data shows that the US overall in June
Shimao Group Posts Strong Mid-Year Sales
Shimao Group (00813.HK): The cumulative contracted sales in the first half of the year totaled RMB 17.09 billion.
On July 12, Geely Hui reported that Shimao Group (00813.HK) announced that the cumulative contracted sales of the group as of June 30, 2024 were approximately RMB 17.09 billion, and the cumulative contracted sales area was 1.3132 million square meters. The average selling price for the six months ended June 30, 2024 was RMB 13,013 per square meter. The group's contracted sales in June 2024 were approximately RMB 3.31 billion, with a contracted sales area of 0.2553 million square meters. The average selling price for June was RMB 12,954 per square meter.
Express News | Shimao Group - June Group's Contracted Sales Amounted to Approximately RMB3.31 Bln
Hong Kong stock market fluctuations | Mainland real estate stocks have the highest increase, and the policy effects have been reflected in the transaction end according to institutions' bullish view on continuous recovery in real estate.
Mainland real estate stocks rose in early trading, as of press time, Shimao group (00813) rose 12.86%, closing at HKD 0.79; Sunac (01918) rose 8.26%, closing at HKD 1.18; China Vanke (02202) rose 6.86%, closing at HKD 4.83; Agile Group (00884) rose 7.94%, closing at HKD 0.34; Seazen (01030) rose 5.76%, closing at HKD 1.47.
Hong Kong stocks fluctuate | Mainland real estate stocks rose in early trading. New home sales in the first week of July turned positive year-on-year, and the effect of real estate policies is expected to continue to be released.
According to the WiseNews app, mainland real estate shares rose across the board in early trading, as of press time, Sino-Ocean Gp(03377) increased by 4.76%, to HKD 0.33, Seazen(01030) rose by 4.62%, to HKD 1.36, Shimao Group(00813) increased by 4.62%, to HKD 0.68, Cifi Hold Gp(00884) increased by 3.39%, to HKD 0.305. On the news front, according to statistics from Caitong Securities, the sales volume of commodity housing in the top 30 cities increased by 3.33 million square meters in the 27th week, an increase of 21.2% MoM and 31.9% YoY. In terms of city levels, the top 30
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