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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
Longfor Group Announces Strong Mid-Year Sales
Longfor Group (00960.HK) had a total contract sales amount of 51.12 billion in the first half of the year.
Longfor Group (00960.HK) announced on July 12th that as of the end of June 2024, the Group had cumulatively achieved a total contract sales amount of RMB 51.12 billion and a total contract sales area of 3.655 million square meters. In June, the total contract sales amount was RMB 10.04 billion, and the total contract sales area was 0.734 million square meters. In June, the total contract sales amount attributable to the company's shareholders was RMB 6.78 billion, and the total contract sales area attributable to the company's shareholders was 0.535 million square meters. As of the end of June 2024, the Group's operating income was approximately RMB 13.1 billion.
Express News | Longfor Group - June Contracted Sales of RMB10.04 Bln
Hong Kong stocks close (07.12) | The Hang Seng Index rose 2.59%, with strong performance from technology and mainland real estate stocks, and Longfor Group (00960) led the blue chips.
According to the Zhixun Finance APP, the U.S. CPI data for June boosted expectations of a rate cut in September, and the three major Hong Kong stock indices were strong again today, with the Hang Seng Index successfully surpassing the 18,000 level. At the close, the Hang Seng Index rose 2.59% or 461.05 points to 18,293.38 points, with a total daily turnover of 119.432 billion Hong Kong dollars; the Hang Seng China Enterprises Index rose 2.52% to 6,532.63 points; and the Hang Seng Tech Index rose 2.32% to 3,782.08 points. Looking at the entire week, the Hang Seng Index rose by 2.77%, the H Share Index rose by 2.36%, and the Hang Seng Tech Index rose by 5.15%. AXI International pointed out that the U.S. announced last night.
LONGFOR GROUP HLDG To Go Ex-Dividend On July 15th, 2024 With 0.31643 USD Dividend Per Share
July 11th (Eastern Time) - $LONGFOR GROUP HLDG(LGFRY.US)$ is trading ex-dividend on July 15th, 2024.Shareholders of record on July 15th, 2024 will receive 0.31643 USD dividend per share on September 6
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