Search results for "RONG"
03:42

Analysts: The Federal Reserve's moderate stance may continue to support gold price trends.

According to the Gate.io News bot, as reported by Jin10, IG market strategist Yeap Jun Rong pointed out that gold prices have shown a strong rise this week. Investors are reallocating to safe-haven assets to cope with the portfolio fluctuation risks triggered by former US President Trump's reintroduction of tariffs. He further stated that if the Federal Reserve releases a dovish signal, it could provide additional support for gold prices and strengthen their overall upward trend.
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BOT-1.11%
TRUMP-3.22%
03:34

Strategist: Any moderate signals from The Federal Reserve (FED) could provide further support for gold.

Jin10 data reported on May 6, IG market strategist Yeap Jun Rong stated: "Gold prices started to rise strongly this week as investors returned to safe-haven assets to hedge against the portfolio fluctuations caused by renewed tariff concerns raised by U.S. President Donald Trump. Any dovish signals from The Federal Reserve (FED) could provide further support for gold, strengthening its overall upward momentum."
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TRUMP-3.22%
14:30

Analyst: Trump's policies will determine the future trajectory of the Federal Reserve's interest rate cuts

Odaily Planet Daily News IG market strategist Yeap Jun Rong wrote in a report that the future rate cuts by the Federal Reserve may depend on the policies of the elected President Trump, and these policies are still uncertain at this stage. He said that Trump's initial remarks on tariffs did sound radical. However, the extent of the implementation of these measures is uncertain. Yeap said that as policies become clearer, the Fed may initially lean towards a shallower rate cut cycle. As traditional markets deal with inflation, Bitcoin will continue to consolidate its position in the financial world. Analysts predict that with favorable regulatory changes and increasing corporate adoption, by 2025 the price of Bitcoin may soar to 20
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BTC-1.3%
09:10

The third batch of CSI A500ETF is coming

On December 9th, Jin10 Data reported that several fund companies have obtained approvals for the third batch of CSI A500 ETFs. At the end of November, seven fund companies, including Pu Yin An Sheng Fund, Dong Cai Fund, Rong Tong Fund, Xing Ye Fund, Yin He Fund, Hai Fu Tong Fund, and Zhong Jin Fund, successively submitted the CSI A500 ETFs for public sale. This is the third batch of CSI A500 ETFs following the previous two batches, with 10 and 12 CSI A500 ETFs respectively already listed.
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12:34

SuperFi Labs has raised $2.5 million in Pre-A round financing with Linklogis as the lead investor.

SuperFi Labs announced the completion of a $2.5 million financing round, led by Lianyi Rong, with participation from institutions and practitioners such as SNZ, Taiko, ByteTrade, etc. SuperFi Labs will integrate mainstream financial assets with the encryptionSettlement system, and create more efficient and transparent diversified investment options for accredited investors worldwide. The financing will be used for product research and development, market expansion, and team building.
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TAIKO-5.32%
RWA-7.86%
DEFI-0.95%
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11:28

Hengtong Optic-Electric: Contributed 45 million yuan to establish an investment fund

On November 22nd, Jinshi Data News, Hangtong Optoelectronics announced that the company has jointly established the Suzhou Suchuanggong Rong Equity Investment Fund Partnership Enterprise with ICBC Capital, Guofa Equity, ICBC Investment, Guofa Venture Capital, Oriental Production Investment Phase II Fund, and Ausnutria Shares. The total scale of the fund is 300 million yuan, and Hangtong Optoelectronics contributed 45 million yuan. The purpose of this investment is to explore high-quality targets in advantageous industries such as new generation information technology, high-end equipment, new energy, and new materials in Suzhou City, and promote the sustainable development of the company. After the investment is completed, it will not cause financial pressure or affect normal production and operation of the company.
11:41

Jinrong Tianyu: The actual controller intends to transfer 6.5% of the company's shares

Jinshi data news on November 19th, Jin Rong Tianyu announced in the evening that the company's controlling shareholder and actual controller Yan Xuewei intends to transfer 9.1193 million shares of the company directly held by Zhu Qian through the protocol transfer method, accounting for 6.5% of the total share capital of the company. The price of this share protocol transfer is 16.8 yuan/share, and the total transfer price is 153 million yuan. The transfer of shares through this protocol will not cause a change in the company's control, nor will it have a significant impact on the company's governance structure and continuous operation.
01:39

IG: Gold prices may enter a short-term consolidation mode

On September 3, Jinshi Data News, as the market waits for new clues about interest rate cuts, the Asian gold price has slightly declined. IG analyst Jun Rong Yeap stated in a report that after reaching record highs recently, investors are waiting for a series of key economic data to be released this week. These data will guide the debate around the scale and pace of the Fed's loose policy, and prices may enter a short-term consolidation mode. At present, gold bulls may hope to see weak US economic data this week to confirm the Fed's future loose policy, but they should not be too weak to reignite concerns about an economic recession.
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10:46
Zhong Rong shares: plans to repurchase shares with 25 million to 50 million yuan.
07:55

Gold prices are expected to pump weekly for the second week in a row, driven by the prospect of Fed rate cuts

(1) Gold prices are expected to pump for the second consecutive week on Friday, as recent U.S. inflation data has heightened expectations that the Federal Reserve may cut interest rates twice this year, weighing on the dollar and U.S. Treasury yields. (2) Spot gold is currently trading pump 0.45% at $2,387.27 an ounce. Gold prices are pump 1.1% so far this week, having hit a one-month high in the previous session. (3) Yeap Jun Rong, market strategist at IG, said that "the upward trend in gold prices may still exist, and recent US economic data provides shorter for the Fed to consider an early rate cut in 2024, while geopolitical tensions continue." (4) This week's data brings good news for the Fed on two fronts, but policymakers have yet to publicly shift their views on the timing of rate cuts, while investors are confident that rate cuts will begin this year. (5) The Commonwealth Bank of Australia (CBA) said in the report that "gold prices are likely to move lower as the market looks to re-establish the historical relationship between gold and the US dollar." Needless to say, uncertainty in the gold market is likely to persist in the coming months" (6) The U.S. dollar index fall is down 0.7% so far this week, making gold cheaper for other coin holders
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08:27

Oil prices pumped slightly as U.S. inflation slows and demand is strong, but longing still have scruples

(1) Oil prices extended the previous session's pump on Thursday as there were signs of strong U.S. demand and U.S. data showing that inflation was lower than market expectations, supporting the argument for a rate cut, which could lead to higher consumption. (2) Brent crude futures pump or 0.3% to $83.03 a barrel, while West Texas Intermediate (WTI) pump 0.4% to $78.92 (3) Yeap Jun Rong, market strategist at IG, said: "The US inflation data for April tended to be moderate, and the US retail sales data came in much worse than expected, which seems to provide shorts for the Fed to consider an early rate cut, and the market is more firmly expected to start easing policy in September this year." Last week's larger-than-expected drop in U.S. crude inventories also reassured the market, while geopolitical tensions in the Middle East continued. " (4) U.S. consumer price pump in April was lower than expected, boosting financial markets' expectations of a Fed rate cut in September, which could dilute the dollar's pump and make oil more affordable for holders of other coin. (5) Elsewhere, data from the U.S. Energy Information Administration (EIA) showed declines in U.S. crude oil, gasoline and distillate inventories, reflecting rising refining activity and fuel demand. (6) Crude inventories fell by 2.5 million barrels to 457 million barrels in the week ended May 10, while analysts polled by Reuters estimated a decline of 543,000 barrels, the EIA said. (7) Neobank Research noted in a client note that signs of slowing inflation and strong demand supporting oil prices, as do geopolitical risks, and called geopolitical winds
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04:41
On April 29, the reporter learned from the China Railway Shanghai Bureau Group that today in Chongming District, Shanghai, the estuary of the Yangtze River, the world's largest diameter GT shield machine independently developed by China - Shanghai-Chongqing-Rong GT Chongtai Yangtze River Tunnel "Pilot" shield machine was successfully launched, officially starting the journey across the river, marking the major progress in the construction of the Shanghai-Nanjing section of the Shanghai-Nanjing to Hefei GT project. It is understood that the "Pilot" domestic GT shield machine has a total length of 128 meters, a total weight of about 4,000 tons, and a maximum diameter of 15.4 meters, which is currently the world's largest diameter GT slurry balance shield machine, integrating advanced tunnel intelligent construction systems at home and abroad - "eight intelligent two synchronizations": intelligent tunneling, intelligent assembly, intelligent collaboration, intelligent diagnosis, intelligent detection, intelligent component production, intelligent material management, intelligent ventilation; Synchronous pushing, synchronous lining. Have the ability to think independently, analyze intelligently, and make independent judgments.
GT-4.87%
07:48

Oil prices held steady and the market focused on supply risks due to the geopolitical situation

(1) Oil prices held steady on Wednesday as investors focused on concerns about crude oil and fuel supplies after Ukraine attacked Russian refineries and the Israeli-Hamas war could expand more directly to include Iran. (2) Brent crude futures for June delivery rose $0.18 to $89.10 a barrel, while U.S. crude futures for May delivery fell $0.23 to $85.20 a barrel. (3) Brent crude and U.S. crude both climbed 1.7% on a daily basis to their highs since late October. (4) Oil prices surged after a Ukrainian drone strike on another Russian refinery threatened to shut down more of Russia's processing capacity, curbing gasoline and diesel production. Russia is one of the world's top three oil producers and one of the largest exporters of oil products. (5) Iran has vowed to retaliate after Monday's Israeli attack killed senior Iranian military personnel. Investors are concerned that Iran's retaliation could lead to supply disruptions in key producing regions in the Middle East. Iran supports Hamas, which is fighting Israel in Gaza. Iran is the third-largest oil producer in the Organization of the Petroleum Exporting Countries (OPEC). (6) "Geopolitical tensions continue to create uncertainty about potential supply disruptions," said Yeap Jun Rong, market strategist at IG, adding that oil prices have continued to rise to a five-month high and the trend remains on the upside. (7) Data from the American Petroleum Institute (API) showed that crude inventories fell by 2.3 million barrels in the week ended March 29, compared with analysts' previous forecasts of a decline of about 1.5 million barrels. Official US inventory data will be released at 22:30 on Wednesday
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07:58

Gold prices hit record highs as U.S. inflation data cemented expectations of a rate cut in June

(1) Gold climbed nearly $30 on Monday, briefly hitting a record high of $2,265.59 an ounce and is now trading near $2,260.14 an ounce as weak U.S. inflation data cemented bets that the Federal Reserve will cut interest rates for the first time this year in June. (2) Commenting on the Personal Consumption Expenditures (PCE) price index report, IG market strategist Yeap Jun Rong said: "The core PCE price index did not rise unexpectedly, which could further push gold prices to new record highs." ” (3) Jun Rong said that the core data is currently at its lowest level in nearly two years, which may provide some evidence for the Fed to start the rate cutting process as soon as possible. (4) Last Friday's data showed that price inflation in the United States slowed in February, with the PCE price index rising 0.3% from the previous month. (5) Fed Chair Jerome Powell said the latest U.S. inflation data is "in line with what we'd like to see." His comments seem to keep the baseline outlook for the Fed to cut interest rates this year unchanged. (6) According to CME Group's FedWatch Tool, current market prices show that traders expect a 69% chance that the Fed will start cutting interest rates in June, up from 64% before Friday's data. (7) Gold prices posted their biggest monthly gain in more than three years in March, driven by interest rate cut bets, strong safe-haven demand and central bank buying. (8) Jun Rong noted that "money managers' holdings may have recently hit a two-year high, but still not reached the overbought levels of 2016 or 2020, which may indicate further development."
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07:22

Gold has repeatedly hit new highs, and analysts predict that there is still room for growth

Weaker U.S. inflation data cemented bets that the Federal Reserve will cut interest rates in June. Commenting on the personal consumption expenditures price index report, IG market strategist Yeap Jun Rong said that there were no surprises in the core personal consumption expenditures price index, which may have provided impetus for gold prices to push further higher in the record area. He said that the core index is currently at its lowest level in nearly two years, which may provide some basis for the Fed to start the process of cutting interest rates as soon as possible. Fund managers' positioning may have recently hit a two-year high, but it is still not as long-term as it was in 2016 or 2020, which could mean there is room for further upside buying.
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08:02

Oil prices edged higher, buoyed by OPEC demand estimates and tensions in the Middle East

(1) Oil prices edged higher on Thursday as OPEC forecasted relatively strong global oil demand growth over the next two years, and the market was also focusing on the disruption of U.S. oil production due to a cold spell and geopolitical tensions in the Middle East. Brent crude futures are up 0.58% to trade at $78.34 a barrel, while U.S. crude is up 0.56% to trade at $73.23 a barrel. (2) Global oil demand is expected to increase by 1.85 million b/d to 106.21 million b/d in 2025, OPEC said in a monthly report. Demand in 2024 will rise by 2.25 million b/d, unchanged from last month's forecast. (Full Story) (3) However, oil price gains were temporarily limited as market considerations were driven by mixed drivers. (4) Yeap Jun Rong, market strategist at IG, said: "As market participants grapple with the mixed supply and demand dynamics and the current geopolitical tensions, Brent crude oil prices remain broadly in a range as they have for the past two weeks. While the market remains wary of the geopolitical situation, the unexpected rise in U.S. crude inventories and the challenging recovery situation in large Asia continue to cloud the outlook for oil demand, Yeap said. (5) A senior intelligence official said on Thursday that Pakistan had launched attacks on Baloch militants in Iran. Iran launched an attack on the territory of Pakistan two days ago.
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05:57

Oil prices edged higher on rising tensions in the Middle East

(1) Oil prices edged higher on Thursday amid concerns about an escalation in the Middle East and more attacks on ships in the Gaza Strip and the Red Sea, though an unexpected increase in U.S. crude inventories capped gains. (2) U.S. crude oil is currently up 0.82%, trading near $71.86 per barrel, and Brent crude is currently up 0.74%, trading near $77.37 per barrel. (3) U.S. crude inventories rose by about 1.3 million barrels to 432.4 million barrels in the week ended Jan. 5, the EIA said on Wednesday, compared with analysts' expectations for a decline of 700,000 barrels. (4) On Wednesday, Yemen's Houthi rebels launched their largest attack yet on commercial shipping lanes in the Red Sea. The United States and Britain have hinted that they will take further steps if the attacks continue, and the UN Security Council has also adopted a resolution calling for an immediate cessation of the attacks. (5) Yeap Jun Rong, market strategist at IG, said: "Oil prices seem to be in a state of indecision this week as market participants try to digest various factors. He pointed to geopolitical tensions in the Middle East, conflicting U.S. inventory reports, and slowing global economic growth. (6) Yeap said: "The EIA's latest data dampened the larger-than-expected decline in U.S. crude inventories reflected in yesterday's API data, which somewhat flattened earlier gains. ” (7) All eyes are now on U.S. inflation data that will influence perceptions of when the Fed is likely to cut interest rates.
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05:07

Asian midday: Federal Reserve minutes released Asian stock markets fell

Asian stocks fell after the Fed minutes showed Intrerest rates will remain high for longer. Asian regional indices slipped for the third straight session, with benchmark indices from Australia to South Korea falling. Japan's Topix reversed earlier losses on the first trading day after the New Year holiday. U.S. stock futures edged higher, with the S&P 500 closing down 0.8% on Wednesday, extending a losing streak that began on the last trading day of 2023, while the Nasdaq 100 fell 1.1%, falling for the fourth straight session and the longest losing streak in two months. Jun Rong Yeap, market strategist at IG Asia Pte, said, "The rally needs respite. The fading of extreme bullish sentiment on Wall Street, the strengthening of the US dollar and the rise in oil prices could weigh on Asian equities. Specifically, stock markets S&P 500 futures rose 0.1% Nasdaq 100 futures rose 0.1% Japan's Topix rose 0.4% Australia's S&P/ASX 200 fell 0.3% Hong Kong's Hang Seng fell 0.5% The Shanghai Composite fell 0.9% Eurozone Stoxx 50 futures were little changed Currency The dollar spot index was largely flat EUR/USD was largely flat at $1.0927 The Japanese yen was largely unchanged against the dollar at 143.43 yen The offshore yuan was essentially flat against the dollar at 7.1645 yuan Crypto Assets Bitcoin up 0.5% to $43,143.39 Ether yuan rose 0.4% to 2,236.61
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BTC-1.3%
ETH-2.59%
08:16

Gold prices extended their rally as the Federal Reserve bets on interest rate cuts boosted gold's attractiveness

(1) Gold prices rose on Tuesday amid thin holiday trading, helped by a weaker dollar and lower bond yields, as expectations rose that the Federal Reserve would cut interest rates as early as March next year. (2) Spot gold is currently trading around $2064.28 an ounce, up about 0.56%. It hit a more than two-week high of $2,070.39 in the previous session. (3) Yeap Jun Rong, market strategist at IG, said: "Last Friday's US personal consumption expenditures data fell short of expectations, validating the dovish Intrerest rate expectations priced in by the market, and gold prices resumed their upward trend after entering the new week. ” (4) Data on Friday showed that U.S. prices fell month-on-month in November for the first time in three-and-a-half years, pushing a further slowdown in year-on-year gains below 3%, which boosted financial markets' expectations that the Federal Reserve will cut interest rates in March next year. (5) According to CME Group's FedWatch tool, traders are currently pricing in an 89% chance of a Fed rate cut in March. Cutting interest rates drops the opportunity cost of holding gold as a non-yielding asset. (6) The U.S. dollar index fell 0.1%, making gold more attractive to holders of other currencies, while U.S. 10-year bond yields are still hovering near five-month lows, also dropping the opportunity cost of holding gold
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07:43

Yu Rong, Chairman of Meinian Health Group: The application of AI technology brings opportunities to the future health management model

Sina Finance 2023 Pharmaceutical and Capital Forum was held in Beijing on December 21 (Thursday), at the forum, Yu Rong, chairman of Meinian Health Group, delivered a keynote speech, he said that the application of AI technology and the establishment and development of large models have also brought great opportunities and potential to the entire health management model in the future. Because of the application of digital technology, our view is that the combination of artificial intelligence will greatly improve the efficiency of health management in the future, and give birth to a large number of commercial landing scenarios, which is very beneficial to the development of our entire industry in the future.
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05:56

Oil prices held steady as traders focused on Red Sea tensions and U.S. supplies

(1) Oil prices traded in a narrow range on Wednesday as investors closely watched the situation in the Red Sea following recent attacks by Houthi rebels in Yemen. Brent crude futures were flat at $79.39 a barrel, and U.S. crude is currently down 0.16% to $74.05 a barrel. (2) Oil prices rose more than 1% on Tuesday after global trade disruptions and geopolitical tensions in the Middle East sparked unease over Houthi attacks on ships in the Red Sea. (3) The United States on Tuesday launched a multinational operation to protect commercial activity in the Red Sea as attacks by Iranian-backed Yemeni militants forced major shipping companies to reroute and raised concerns about ongoing disruptions to global trade. Yeap Jun Rong, market strategist at IG, said the U.S.-led naval operation had failed to alleviate widespread concerns about safe passage in the Red Sea, and that "major shipping companies have chosen to avoid the Red Sea amid tensions." ” (4) About 12% of the world's shipping passes through the Red Sea and the Suez Canal. However, analysts say the impact on oil supply has been limited so far, as most of the Middle East crude is exported through the Strait of Hormuz. (5) The U.S. Department of Energy said Tuesday that it had purchased 2.1 million barrels of crude oil to replenish the Strategic Petroleum Reserve (SPR). The U.S. has now bought about 11 million barrels of oil to replenish its reserves after last year's release.
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07:38

Gold prices hold firm, awaiting the test of US PCE inflation data

(1) Gold prices consolidated in a narrow range on Thursday, hovering near a near seven-month high, as investors awaited a key inflation data to gauge whether the U.S. would cut interest rates sooner than expected. Spot gold is now trading at $2,044 an ounce. (2) Yeap Jun Rong, market strategist at IG, said: "Ahead of the release of the US Personal Consumption Expenditures (PCE) price index, the Fed's preferred inflation gauge, gold prices seem to be trading a little bit on the sidelines today. Despite a better-than-expected U.S. third-quarter gross domestic product (GDP) released overnight, the data failed to shake market interest rate cut bets as market confidence continues to be weighed down by recent comments from Federal Reserve officials. ” (3) Fed officials this week highlighted the possibility of rate cuts in the coming months and expected slower economic growth and continued easing inflation, which dragged the US 10-year Treasury yield to a two-and-a-half-month low of 4.2470%. (4) According to CME FedWatch, traders have now advanced their bets on a Fed rate cut from an 80% chance in May to a 50% chance in March. (5) The U.S. dollar index is hovering near a three-month low and is expected to post its worst monthly performance in a year in November. (6) Investors will also focus on Fed Chair Jerome Powell's speech on Friday
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09:22
According to Jinshi news, on November 21, Baidu released its third-quarter financial report, with a net profit of 6.681 billion yuan in Q3, a net profit of 4.38 billion yuan expected by the market, and a net loss of 146 million yuan in the same period last year. At present, Baidu's intelligent cloud Qianfan large model platform serves more than 20,000 enterprises, covering nearly 500 scenarios. Luo Rong, Baidu's chief financial officer, said that Baidu Core maintained a stable profit margin during the quarter, and continued investment in artificial intelligence has laid the foundation for technology and product innovation. Going forward, Baidu will continue to prioritize investments in AI, especially generative AI and foundational models, with an unwavering focus on efficiency and strategic resource allocation.
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06:03

Oil prices weigh the impact of China's inflation data, focusing on new drivers

(1) Oil prices were still hovering at a low level of more than three and a half months on Thursday, and China's CPI fell in October both month-on-month and month-on-month, dampening market sentiment and the market turned to look for further clues on the demand situation in the world's two largest oil consumers. U.S. crude oil is currently trading at $75.36 per barrel, down about 0.25%; Brent crude oil is currently trading at $79.62 a barrel, up about 0.14% (2) Previously, crude oil futures for both indicators fell more than 2% on Wednesday to hit their lowest since mid-July as concerns about potential supply disruptions in the Middle East eased and concerns about demand from the U.S. and large Asian countries intensified. (3) Yeap Jun Rong, market strategist at IG, said: "The slight rally in oil still reflects some reservations in the market, and macroeconomic factors and technical conditions have temporarily given sellers the upper hand. ” (4) Thursday's rally may reflect an attempt to stabilize oil prices after a strong sell-off in the previous days, Yeap said. (5) Meanwhile, China's inflation data released on Thursday showed that the consumer price index (CPI) fell 0.2% year-on-year in October, falling into negative territory for the first time in two months and falling short of the median survey estimate of -0.1%, which was unchanged in September. (6) Customs data released earlier this week showed that China's total exports of goods and services contracted faster than expected despite strong crude oil imports in October. On the positive side of oil demand, People's Bank of China Governor Pan Gongsheng said China is on track to achieve its annual growth target of 5% this year.
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09:17

Foreign capital flows back to Asian equities in the hope that the Fed's interest rate hike cycle will peak

Foreign investors are cautiously returning to Asian equities this month, reversing the massive sell-off of the past three months as fears of aggressive interest rate hikes in developed markets ease, reinvigorating risk appetite. There is growing expectation that the US policy rate may have peaked and could be cut as early as May next year. Data from stock markets in India, South Korea, Thailand and Vietnam showed that foreign investors bought a net $2.05 billion in stocks over the past week and sold about $11.16 billion in October. Yeap Jun Rong, market strategist at IG in Singapore, said we saw pessimism ease as we entered November as markets basked in hopes that the Fed was about to end its rate hike cycle. The improvement in the risk environment is likely to attract some capital into Asian equities by the end of the year, as we are in a period of seasonal strength throughout the year.
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07:19

Oil prices are expected to fall for the second week in a row, with supply concerns from the conflict in the Middle East easing and demand from large Asian countries appearing fragile

(1) Oil prices were little changed on Friday, but oil prices fell for the second straight week as supply concerns caused by the conflict in the Middle East, a major oil-producing region, eased, and the outlook for demand from the world's top crude importer remained cloudy. (2) U.S. crude oil is currently up 0.26%, trading near $82.67 per barrel, and Brent crude is currently trading near $87.00 per barrel. (3) Yeap Jun Rong, market strategist at IG, said: "Oil prices are moving higher amid an improving risk environment as markets continue to bask in hopes that the Fed may end its rate hike process. Still, there are some reservations about the outlook for oil demand this week, as the PMIs from the big Asian countries do not give much confidence in the demand recovery." (4) Seasonal effects and shrinking demand have restricted the recovery of enterprise production, and the official manufacturing PMI of large Asian countries in October unexpectedly returned to below the boom and bust line. (5) On Friday, the Caixin service PMI of a major Asian country showed that supply and demand increased slightly, external demand improved, and business activities in the service industry maintained a slight expansion; However, growth was offset by a renewed contraction in manufacturing output, and the Caixin composite output index fell to the 50 threshold, ending a nine-month streak of expansion. (6) Geopolitical concerns remain the focus of the market. The Israeli military said Israeli forces on Thursday besieged Gaza City — the main city in the Gaza Strip (Gaza corridor) — and launched an offensive against Hamas, but Hamas launched a raid from an underpass, hit-and-run, fending off the Israeli offensive.
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13:04
According to the announcement of the Hong Kong Stock Exchange, Chen Rong, executive director and co-general manager of OneConnect, announced her resignation due to personal and family reasons, and will no longer serve as the remuneration and nomination committee, as well as the company's authorized representative under the listing rules. OneConnect also announced that Guo Xiaotao has been appointed as a non-executive director and a member of the remuneration and nomination committee, and Shen Chongfeng, chief executive officer and chairman of the board, has been appointed as the company's authorized representative.
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07:23

Oil price decline pauses after OPEC+ maintains production cuts, but unstable demand still suppresses oil prices

① Oil prices rebounded slightly on Thursday as the OPEC+ group maintained production cuts to keep supply tight, but the demand outlook was unclear and oil prices remained under pressure. ② U.S. crude oil is currently trading at $84.37 per barrel, nearly unchanged from Wednesday's closing price. After the OPEC+ meeting, the bleak macroeconomic outlook and reduced fuel demand became the focus, and the settlement price of crude oil fell by more than $5 on Wednesday. ③The OPEC+ ministerial group did not make any adjustments to its oil production policy. Saudi Arabia stated that it will continue to voluntarily reduce production by 1 million barrels per day until the end of 2023, and Russia will continue to voluntarily limit exports by 300,000 barrels per day until the end of December. ④ Analysts at National Australia Bank (NAB) said in a report, "We still believe that the market will remain in shortage into the fourth quarter, and falling oil prices have reduced the possibility of OPEC easing supply restrictions." ⑤The latest data shows that U.S. gasoline demand has dropped sharply. The U.S. Energy Information Administration (EIA) reported on Wednesday that supplies of finished motor gasoline, a proxy for demand, fell last week to about 8 million barrels per day, the lowest level since the beginning of the year. ⑥ IG market strategist Yeap Jun Rong said: "The three-month rally in crude oil prices has been driven by tightening supply momentum and global economic resilience, so when the tailwinds are not as prominent as before, bulls have recently felt Somewhat uneasy. ⑦ He added that it will be difficult for oil prices to move higher given the more uncertain demand outlook, weak U.S. economic data released on Wednesday, and a significant increase in gasoline inventories.
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07:36

Gold hits new low in more than a month as U.S. interest rates expected to remain high for longer

① The price of gold fell to a more than one-month low on Wednesday, with spot gold hitting as low as $1,895.52 per ounce and currently trading around $1,897.18 per ounce. Suppressed by the strength of the U.S. dollar, the market adjusted to the prospect of rising interest rates. ② The U.S. dollar held firm near a 10-month high against major currencies as Treasury yields continued to rise on the prospect of higher U.S. interest rates for a longer period. ③ Minneapolis Fed President Neel Kashkari said on Tuesday that the U.S. economy is more likely to achieve a "soft landing", but there is a 40% chance that the Fed will need to "significantly" raise interest rates to curb inflation. . ④Higher interest rates increase the opportunity cost of holding gold, because gold is priced in U.S. dollars and does not generate any interest. ⑤ IG market strategist Yeap Jun Rong said that the currently prevalent statement that "interest rates will remain high for a long time" seems to be suppressing the safe-haven inflows of gold. ⑥“It may take a series of future data, especially the upcoming inflation and employment reports, to provide some reason why the Fed may not implement the rate hike proposed at the last meeting and provide more policy flexibility for cutting interest rates if necessary. sex." ⑦The Fed's preferred inflation indicator, the U.S. personal consumption expenditures (PCE) price index, will be released on Friday. The Labor Department will release its monthly employment report on October 6, followed by the Consumer Price Index (CPI) on October 12.
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09:07
The prospect of high interest rates helps the US dollar, the price of gold falls back against strong resistance, and the Japanese stock index is expected to return to the high point of the year! Gold prices retreat from resistance pooling area Real U.S. Treasury yields jumped for a second day in a row and the dollar strengthened to a four-month high. Gold prices continued to come under pressure overnight and began to pull back in the resistance convergence area near $1,950. On the daily chart, the 100-day moving average and the upper boundary of the Ichimoku cloud chart are also near this resistance area. If this area cannot be broken, the downtrend is still likely to remain; if the $1,950 line can be broken, the bulls may have more confidence. Currently, gold's weekly relative strength index is back around 50 after falling below 50 last month. If the price of gold falls further, the $1,895 line will play a direct support role. Bargain hunters have supported gold prices at this level twice since June. (Source: Dailyfx-Jun Rong Yeap)
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04:31
According to 36 Krypton reports, Yuncong Technology released version 1.5 of the Calm Large Model on August 21. This version includes a variety of model specifications of billions, tens of billions, and hundreds of billions. The measured performance ranks first in the tens of billions and fourth in the overall list in the global large model comprehensive test evaluation (C-_). In order to solve the problem of large-scale model implementation, the focus of version 1.5 of Calm Rong is the large-scale industry model with a parameter volume of 13 billion. This model is distilled from a large-scale model of 100 billion. Among the 52 test indicators, 44 categories exceed ChatGPT, and 29 categories exceed GPT-4, it has only been more than 2 months since the official release of the calm large model.
  • 1
09:16
According to a report by the Financial Associated Press on May 16, Baidu CEO Robin Li said that we believe that the emergence of generative artificial intelligence and large-scale language models has demonstrated the transformative potential of artificial intelligence in all walks of life. Baidu has launched Wenxin Yiyan in China. We plan to steadily incorporate it into all of our businesses. Baidu CFO Luo Rong said that in the next few quarters, Baidu will continue to invest unswervingly in the field of generative artificial intelligence.
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