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Careful of soaring oil prices? Goldman Sachs warns: the oil market is completely unprepared for escalation in the Middle East conflict.
Goldman Sachs analyst Lindsay Matcham stated that further escalation of the conflict may have a significant impact on the market, especially if the conflict involves the potential closure of the Strait of Hormuz, which could likely lead to a surge in local oil prices; Goldman Sachs analyst Lina Thomas, in another report, highlighted four short-term positive drivers in the crude oil market - mentioning the Middle East trend.
Kerui: Real estate sets the tone for 'stabilizing and rebounding.'
The Central Political Bureau meeting of the Communist Party of China pointed out that it is necessary to reduce the reserve requirement ratio, implement a substantial interest rate cut, and adjust down housing transaction taxes and fees. In this round, various types of taxes and fees related to housing transactions such as deed tax, value-added tax, personal income tax, etc. are reduced or exempted to promote housing consumption. For example, individuals purchasing the only residence are exempt from deed tax, while families purchasing the second or large-area improvement housing are eligible for a partial deed tax reduction. Additionally, measures such as shortening the duration of value-added tax and personal income tax exemption for housing transactions.
OPEC's 2024 global oil outlook: bullish on the oil market prospects, no demand peak in the short term.
①OPEC believes that some countries and companies may resist overly aggressive clean energy goals, in addition, some global auto manufacturers have also adjusted their electrification goals, reducing investment in electric vehicles; ②OPEC expects global oil demand to reach 0.1189 billion barrels per day by 2045.
Global interest rate cuts combined with escalating geopolitical conflicts, oil prices rebounding from a three-year low.
Some analysts believe that as the impact of interest rate cuts wanes, the oil market may refocus on the issue of weak demand, leading to crude oil prices facing downward pressure again.
Expected to benefit 0.15 billion people, the new round of reduction in existing home loan interest rates is expected to come. Industry insiders: there is also a significant downward space for future newly issued housing loan interest rates.
①The most direct positive effect of lowering the interest rate for existing housing loans is to reduce the debt pressure of existing housing loan holders, lower the demand for early repayment, and may encourage these residents to increase investment or consumer spending in other areas. ②At the same time, the new policy also provides more preferential policies for homebuyers, hoping to lower the threshold for home purchase, reduce the cost of home purchase, and better meet the needs of rigid and improved housing.
How do you view the current real estate crediting support policies? Industry insiders: the significant differentiation characteristics are very prominent, and there is still a need to promote cross-bank mortgage conversions.
The central bank's intention is very clear, that is, to provide targeted and differentiated credit support policies for different groups of people. The reduction in down payment ratio is mainly aimed at middle-income homebuyers, while the policy of refinancing for affordable housing is mainly targeted at low-income individuals. Despite previous market voices suggesting that lowering existing home mortgage loans and changing mortgage types violates the spirit of contracts, from the current economic situation, such practices can reduce economic pressure on residents and indeed have the necessary implementation.
GODGIVENFOOL139 OP : ok