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Oil prices rise more than 3%! "Double Storm" in the Middle East situation upgraded + Libya suspends exports.
The eastern government of Libya announced today that it has halted all crude oil production and exports. Concerns about disruptions in crude oil supply have soared due to the large-scale attack on Israel announced by Hezbollah yesterday. Brent crude oil touched $81 at one point today, while WTI crude oil rose above $77.
Prospects of interest rate cuts boost the price of gold, and gold bulls cheer.
According to the CFTC data, net long positions in gold have reached the highest level in over four years. UBS Group predicts that by the fourth quarter of this year, the price of gold will rise to $2600, while Citigroup predicts that it will rise to $3000 by next year.
Housing retirement funds have stirred up a thousand waves, with a total of over a trillion yuan accumulated for residential special maintenance funds over 20 years. Banks say the overall utilization rate of special funds is not high.
①The focus of the pilot is for the government to establish public accounts, which do not require lbx pharmacy chain joint stock to contribute money; ②Several institutions have indicated that they have not yet received information regarding the reform of the housing retirement pension system and maintenance fund; ③In the past 20 years, when new houses were delivered, they were required to pay a maintenance fund. Each house has a special account in the banks, and the funds are rolled over based on current deposits, usually initiated by the owners.
APEC Growth Projected At 3.5% Despite Ongoing Challenges
The expected interest rate cut by the U.S. Federal Reserve boosts the Hong Kong stock market, with real estate and golden industrial concept performing well.
①The expectation of a Fed rate cut is strengthening, which sectors are expected to benefit? ②Why did xpeng stock soar today?
Hong Kong Shares Rise 1.1% Amid Regional Gains -- Market Talk
Victor Martinez2 : I like my stock cheap
Dooomer OP Victor Martinez2 : It will be cheaper next year! And even cheaper the following year!
no direction : so much opportunities here. just this year HSI rebound 2x. don't you got it.