Hang Seng Index rebounded sluggishly with frequent high retracements. "Rate reduction trade" is back in focus | Hong Kong stock market barometer.
1. The Hang Seng Index rebounded and fluctuated, with frequent highs and then falling back. What unusual movements are there in short-term trading? 2. The "rate-cut trade" is back in the spotlight, which sectors are continuously strengthening?
Macquarie: The global oil market is expected to face "severe oversupply" by 2025.
According to the McKinsey supply and demand equilibrium forecast, the oil market will face a serious supply surplus in the next five quarters, triggering a situation similar to a 'price war', and oil prices may fall to around $50 per barrel.
Alipay is unwilling to be just a "tool" again.
Creating brilliance again with the help of AI.
The European Commission intends to reject the price commitment solution proposed by China's industry for the EU electric vehicle anti-subsidy case. The Ministry of Commerce responded.
The spokesperson of the Ministry of Commerce stated that the European Commission has ignored the sincerity and efforts of the Chinese business community, and has proposed to reject the flexible solution proposal put forward by the Chinese business community without conducting in-depth communication. China is deeply disappointed by this.
Alibaba Dropped The AI-Powered English Version Of Taobao In This Country, App Quickly Soars To The Top Of The Charts In No Time
Technology stocks led the S&P to four consecutive gains, Oracle reached a new high after hours, the US dollar and US bonds fell, gold hit a new high, and commodities rose.
In August, the PPI in the United States showed a cooling down of inflation, and the market slightly raised its bets on the Fed's aggressive interest rate cuts. US stocks rose together, with Nvidia up nearly 2%, while NIO Inc and XPeng fell more than 5%. The European Central Bank cut interest rates for the second time this year, but maintained a restrictive policy. European bonds fell, and the euro rebounded from its four-week low. Commodities rose across the board, with US oil briefly rising by 3.7%, gold reaching a new high with a nearly 2% increase, palladium rising by over 4%, and copper experiencing its largest two-month increase.
Alibaba Launches Cainiao Next-Day Delivery In Europe, Plans Global E-Commerce Hubs
NIO Surges Over 32% in Five Days, Is an EV Rebound on the Horizon?
Increasing customer volume? Taobao gradually opens WeChat Pay today. Currently, some merchants have already started using it.
Starting from today, all Taobao and Tmall merchants will gradually open WeChat Pay. Currently, merchants are being invited in batches. Some merchants can see the invitation to open in Qianniu, and once they agree, they can immediately start using it.
Is the domestic battery production capacity underestimated? JPMorgan: Potential additional capacity reaches 700GWh, it will take at least 3 years to digest.
jpmorgan believes that more than 700GWh of 'under construction fixed assets' will not be fully absorbed until the end of 2027, and this phenomenon is particularly evident among second-tier battery manufacturers. Third-tier companies may exhaust their cash and quietly exit the market in the coming years. However, given the market concentration, the exit of these companies has almost no impact on the industry's competitive landscape.
Oil Price to Average $60 in 2025, Citigroup Says
Finance Associated Autos Morning Post [September 12]
① Henan Province issued detailed rules for the implementation of automobile replacement and renewal subsidies; ② The European Union imposes additional tariffs on electric vehicles in China. Sanchez: We are reconsidering our position on this issue; ③ Huawei's Yu Chengdong confirms that Hongmeng Zhihang will launch an MPV model: currently in the secret stage;
The Ministry of Industry and Information Technology: Accelerate the development of mobile Internet of Things from "Internet of Everything" to "Intelligent Connectivity of Everything".
① The notice is based on the development pace of the mobile internet of things industry and the current status of mobile internet of things applications in various industries, and clarifies the development goal of the mobile internet of things. ② By 2027, based on 4G (including LTE-Cat1, which is the category 1 rate type of 4G network) and 5G (including NB-IoT, narrowband internet of things).
The price of lithium carbonate futures has surged, with a single-day increase of nearly 0.03 million contracts. The rumor of production suspension at Contemporary Amperex Technology has been confirmed. Will there be a bottoming out and rebound?
① Market experts have stated that if there is a significant reduction in the output of lithium carbonate in the coming months, the destocking level in September and October may exceed expectations; ② As the consumer market enters the peak season of "Golden September and Silver October", the fundamentals have improved recently and a turning point in inventory has already emerged.
Did the lithium battery sector rise sharply? Is the cyclical bottom here?
In the futures market, the main contract for lithium carbonate rose more than 7% at one point during the intraday trading, reaching a high point in over a week.
Worse than the financial crisis and the COVID-19 pandemic! Illustration: To what extent has the oil market collapsed?
① As global benchmark Brent crude oil fell below $70, oil prices have reached their lowest level since December 2021; ② In fact, what is even more alarming to market participants than the sharp decline in prices may be the popularity of the crude oil market.
Morning news of autos from Cailian Press [September 11th]
①The Ministry of Commerce responds to the progress of the anti-subsidy case for electric automobiles in China and Europe; ②The European Union may reduce the proposed tariff increase on electric automobiles imported from China; ③Tianjin introduces an implementation plan for replacing old vehicles with new energy passenger vehicles, with a maximum subsidy of 0.015 million yuan.
With EV Sales Up 35%, Can The US Power Grid Keep Up? One Expert Weighs In
Did oil prices plunge due to oversupply? Senior commodity analyst: The market is "scared".
①Currie said at the annual Asia-Pacific Petroleum Conference in Singapore that the market's concerns about oversupply were "completely exaggerated," and "in terms of oil, this year's production in the USA remained stable"; ②"The key issue is that the market has seriously overestimated the extent of oil supply glut, and the record short positions reflect this... I have never seen this situation before."
The current trend index for business income of small and medium-sized enterprises in Hong Kong in August has dropped to 41.3.
The Hong Kong government's Census and Statistics Department today released the results of the monthly survey on the business conditions of small and medium-sized enterprises (SMEs) for August 2024.