EUR/USD
1.16023
0.050%
Gold
4148.31
-0.372%
Oil
58.207
-0.406%
USD/JPY
156.056
-0.247%
GBP/USD
1.32543
0.084%
GBP/JPY
206.845
-0.153%
Real-time News
Fitch Ratings: Japans stimulus plan exacerbates fiscal risks.U.S. Citizenship and Immigration Services: Effective immediately, all processing of immigration applications involving Afghan nationals will be suspended indefinitely until security and background checks are completed.On November 27th, Daiwa Securities issued a research report stating that Chow Tai Fook (01929.HK)s results for the first half of fiscal year 2026, ending September 30th, were 2% to 3% lower than market expectations in terms of revenue and net profit, but the report believes that positive factors outweigh negative ones. Despite an increase in Chow Tai Fooks dividend payout ratio and dividend per share, Daiwa considers the companys revised guidance for the second half of fiscal year 2026 to be conservative. Based on revised profit margin forecasts, Daiwa raised its earnings per share forecasts for Chow Tai Fook from 2026 to 2028 by 2% to 5%; its 12-month target price was raised from HK$15.5 to HK$18, while maintaining the forward P/E ratio at 18x; and its "Buy" rating was reiterated.According to NHK, Japans supplementary budget for fiscal year 2025 is projected to be approximately 18.3 trillion yen.On November 27th, Wu Yuetao, Director of the Department of Employment, Income Distribution and Consumption of the National Development and Reform Commission, stated at a press conference held by the State Council Information Office that efforts will be strengthened to guide technological innovation and promote supply-side innovation. Regarding technological innovation, the "Artificial Intelligence+" action will be implemented in depth to promote the intelligent development of all industrial elements and assist in the transformation and upgrading of traditional industries; the "Internet of Everything" of smart terminals will be promoted to cultivate an intelligent product ecosystem. Regarding scenario innovation, the cultivation and opening up of scenarios and the large-scale application of new scenarios will be promoted. A list of application scenario projects will be launched as soon as possible, and several major projects will be organized and implemented around the construction of comprehensive major scenarios to create a number of new consumption scenarios with broad impact and strong demonstration effects.
