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The effect of interest rate cuts on deposits is gradually becoming apparent, with interest expenses of many national banks decreasing in the first half of the year, and some banks reducing by more than 7%.
① According to the semi-annual reports of joint stock banks and state-owned banks, although the trend of deposit regularization is obvious, and coupled with the expansion of deposit scale, the cost of debt has actually been reduced for many banks. ② Recent earnings conferences have shown that executives of various banks have expressed the need to adjust the asset-liability structure, strengthen cost control of liabilities, and attract low-cost deposits. This will be the focus and deployment direction for commercial banks in the second half of the year.
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50 basis points to start an interest rate cut cycle? The Federal Reserve has never done this before.
Deutsche Bank believes that if the labor market remains stable, the Federal Reserve may choose to gradually reduce interest rates by 25 basis points, and will not reduce interest rates sharply all at once.
Meituan's conference call: The board of directors has approved a share buyback of 1 billion US dollars, and it is expected to achieve daily 0.1 billion takeaway orders during the peak season next year.
The strong growth trend of order volume and GTV in this quarter can continue, with the year-on-year growth rates of various sub-businesses in the offline liquor and travel business all exceeding 60% this quarter. It is expected that the growth rate of operating profit will be higher than the growth rates of income and order volume, maintaining optimism for long-term growth.
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