EUR/USD
1.15243
-0.521%
Gold
3427.65
1.209%
Oil
72.129
6.783%
USD/JPY
143.682
0.147%
GBP/USD
1.35356
-0.569%
GBP/JPY
194.488
-0.392%
Real-time News
Futures June 13, Economies.com analysts latest view today: WTI crude oil futures prices strengthened, breaking through all recent resistance levels, supported by the escalation of geopolitical conflicts in the Middle East, which led to increased supply concerns, enhancing investors risk appetite and driving prices up. This strong performance appeared in the context of a short-term bullish trend dominating, while prices were running along the main and minor rising trend lines. In addition, the RSI showed a positive signal after successfully getting rid of the previous overbought state, providing additional momentum for the resumption of the rise.On June 13, HSBC published a report, raising Chow Tai Fooks (01929.HK) target price by 14.4% from HK$14.6 to HK$16.7, and maintaining a buy rating, mainly due to adjustments to earnings forecasts. HSBC said that Chow Tai Fooks earnings after deducting gold hedging losses in fiscal 2025 were in line with the banks expectations, but due to the increase in reported profits, dividends are expected to be paid in advance; in view of the increase in profit margins, the bank raised Chow Tai Fooks earnings forecast for fiscal 2026-27 by 5-13%. HSBC said that although it is difficult to predict the demand for gold jewelry, the price of gold is gradually conducive to profit growth. The banks report predicts that earnings in fiscal 2026 will increase by 49% year-on-year, but hedging losses will fall from HK$6.2 billion in fiscal 2025 to HK$2 billion due to the slowdown in gold price appreciation. This will increase the banks dividend forecast for Chow Tai Fook in fiscal 2026 by 44% year-on-year to HK$0.75 per share, with a dividend payout ratio of 85%, bringing its current price dividend yield to 6%.Futures News, June 13, Economies.com analysts latest views today: Brent crude oil futures rose significantly during the day, and the main bullish trend in the short term dominated. The rising trend line still provided support for the market. As the price remained above EMA50 and was supported, and the RSI had successfully escaped from the overbought level and provided positive signals, the upside space was further opened.Market news: Irans Ahmadi Roshan nuclear facility has been attacked multiple times.Japans equipment utilization index in April was 102.9, compared with 101.6 in the previous month.
