As Robo-Advisors Top $1 Trillion in Assets, Banks Pull Back

Barrons03:30 ET

Bank of America Securities reiterated its "buy" rating on Swire Properties, with a slightly increased target price of HKD 18.

Bank of America Securities released a research report stating that Swire Properties (01972) performance in the first half of the year met expectations, with a slight YoY decrease of 1.1% in core net profit, still 4% higher than the bank's expectations. The interim dividend increased by 3% YoY to HKD 0.34 per share, also exceeding the bank's expectations. The bank reiterated its "buy" rating, and raised the target price from HKD 17 to HKD 18. It believes that the company's unexpected plan of buyback of HKD 1.5 billion will provide a relatively moderate boost to EPS and NAV per share. At the same time, this move, combined with the company's reconfirmation of its annual goal of single-digit growth in dividends per share, should help narrow the discount of the company's NAV. The bank pointed out that the company...

新浪港股00:56 ET

The central parity rate of RMB is reported at 7.1449, up 11 points.

On August 9th, the central parity rate of the RMB was reported as 7.1449, up 11 points, and the previous trading day's central parity rate was reported as 7.1460. Wen Bin: The RMB is expected to remain stable. Since July, with the turnaround of the Japanese economy, carry trade and speculative trading have reversed, coupled with the unexpectedly high interest rate hike by the Bank of Japan, the yen has rebounded significantly. The RMB, as a currency similar to the yen and a relatively low-interest currency, may also be pushed up by this round of carry trade reversal. Although the RMB has depreciated against the yen, overall, the correlation between the RMB and the yen has been stronger than that between the RMB and the US dollar in recent times.

市場資訊21:16 ET

Citi to Sell Trust Business Amid Bank's Turnaround Efforts

Barron's20:25 ET

Bank of America Options Spot-On: On August 8th, 131.98K Contracts Were Traded, With 3.38 Million Open Interest

Moomoo News16:30 ET

Wall Street expects the Fed to end its balance sheet reduction this year, but the possibility of slamming the brakes is low.

The end of Fed balance sheet tightening is in sight, but the actual end date depends on the pace of rate cuts and market financing pressures. Policymakers have hinted that they will complete their shareholdings in US debt before the end of the year, and many on Wall Street believe that quantitative tightening is unlikely to end suddenly. However, recent weak economic data and liquidity pressure risks have cast uncertainty on the outlook. "If the Fed intends to stimulate the economy, it may stop shrinking its balance sheet," Bank of America strategists Mark Cabana and Katie Craig wrote in a report to clients on Wednesday. "If the Fed's goal is to normalize monetary policy, shrinking its balance sheet can continue." Increasingly signs point to

環球市場播報16:15 ET