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The central parity rate of the Renminbi is reported at 7.1390, down by 107 basis points.
On October 30th, the central parity rate of the Renminbi was reported at 7.1390, down by 107 basis points from the previous trading day's central parity rate of 7.1283. BlackRock CEO predicts that the Fed will cut interest rates again this year. BlackRock's CEO Larry Fink stated on Tuesday (the evening of the 29th Beijing time) at a gathering of CEOs in Riyadh, Saudi Arabia, that the Fed will not cut interest rates as expected by the market because the 'embedded inflation' is too high. Fink's massive fund manages assets of over 10 trillion US dollars. As other market participants broadly predict, the Fed at the end of this year.
Blackrock's CEO predicts that the Fed will cut interest rates again this year.
Blackrock CEO Larry Fink stated on Tuesday evening (Beijing time, the 29th) at a CEO panel discussion in Riyadh, Saudi Arabia, that the Federal Reserve will not cut interest rates as expected by the market, because the 'embedded inflation' is too high. Fink's massive fund manages assets of over $10 trillion. While other market participants widely predict that the Fed will cut interest rates twice before the end of the year, Fink expects the Fed to cut interest rates only once before the end of this year. Fink participated in a group discussion during the annual flagship investment conference in Saudi Arabia known as 'Future Investment Initiative'.
Major events are gathering on the eve of the Fed interest rate decision, with the market still betting on a 25 basis point rate cut.
Over the nine days when Federal Reserve officials sit down to decide how to adjust interest rates next, a series of major events will shape their decision.
European and American stocks and bonds both fell, tesla rose more than 9% after hours, silver fell by 4%, the dollar reached its highest level in nearly three months
European and American central bank officials called for caution in cutting interest rates, with US Treasury yields rising to pressure low-risk assets. The Dow and S&P indices fell by about 1% for the third consecutive day, NVIDIA initially dropped over 4%, cloud-based company Kujiale warned of profit slump nearly 3% in US stock, China concept index turned down, but Li Auto Inc. rose by nearly 4%. The 10-year US Treasury yield once rose above 4.26% to a three-month high, and the yen fell below 153 for the first time in three months. Oil prices fell by more than 1%, spot gold approached $2760 to hit a new high before falling by over 1%, and silver initially dropped by 4%.
Ling Yun Industrial Corporation (600480.SH): There is currently no plan to inject related businesses and assets under Yunji Group.
Gelonghui October 16th | Ling Yun Industrial Corporation (600480.SH) stated at the performance briefing that the company currently has no plans to inject related businesses and assets of the Ling Yun Group. In the future, we will continue to monitor emerging technologies and industry dynamics related to the main business. In case of asset restructuring or acquisition matters, we will promptly fulfill the corresponding disclosure obligations.
The longest november 11 shopping festival-related sale in history! Emphasizing quality, e-commerce platforms and live streamers confront "vicious internal competition".
①Within the first 30 minutes after the start of sales, 20 beauty brands on Tmall have achieved sales exceeding 100 million yuan, with 8 individual products surpassing the hundred million mark. ②This year's november 11 shopping festival-related major promotions, under the active competition of various e-commerce platforms, have extended from 3 weeks in advance to around a month in advance.
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