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OPEC Monthly Report: Oil supply shortages may occur in the coming months as countries such as Russia have not yet fulfilled their production cuts.
On Wednesday, according to the latest monthly report from OPEC, although Russia significantly reduced its crude oil production in June, the three main OPEC+ members, Russia, Iraq, and Kazakhstan, still supply tens of thousands of barrels per day more than their quotas set earlier this year.
The Bosera Bosera CSI Central State-Owned Enterprises Dividend Index ETF officially landed on the Hong Kong Stock Exchange on July 10.
On July 10, 2024, Bosera Guoxin HK Connect CSI Central State-Owned Enterprises Dividend Index ETF (code: 3437.HK) was officially listed on the Hong Kong Stock Exchange (HKEx), making it the first investment product in the Hong Kong market to focus on the central state-owned enterprises theme, and providing a new tool for local and international investors to access high-quality China central state-owned enterprises assets. The listing of this ETF is an important achievement of the strategic cooperation between Bosera and China Guoxin Holding Limited, who worked together to create this innovative product. The ETF closely tracks the CSI Guoxin HK Connect Index.
Global commodity inventory is in a state of emergency: inventory days of available commodities outside of China experienced the largest month-on-month decline in 31 months.
JPMorgan said that the main reason for this decline was due to the decrease in crude oil and refined product inventories. The global available days of oil and refined products in June decreased sharply by 2.5 days, the largest monthly decline in four years.
Optimistic prospects for interest rate cuts have led to a general increase in major overseas asset classes such as US stocks, gold, silver, and crude oil. Weekly report on major overseas assets.
After the release of non-farm data for the week of July 1-5, the US stock and bond markets rose and the US dollar came under pressure. Upon realizing the 'data detail' that the data in the first two months before non-farm was cut by 0.11 million, US bonds sharply rebounded and the yield curve became steeper.
Is the oil price driver here? Category 4 Hurricane Belial is advancing into Texas, threatening major US refineries.
The hurricane season in the Caribbean Sea is threatening the operation of major oil refineries in Texas, the largest oil-producing state in the United States.
AH trends diverge, Hang Seng Index up 0.6%, CNOOC up 4%, national bond futures slightly rebound.
Rare earth permanent magnets concept stocks pull back, photovoltaic and lithography themes also weaken. Hong Kong's real estate, banks, and oil & gas stocks are strong, CNOOC up 4%, Agricultural Bank of China and China Merchants Bank rise more than 2%. After experiencing a sharp drop yesterday, national bond futures rebounded in early trading, with 10-year and 30-year national bond futures contracts rising nearly 0.1% in early trading.