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Real-time News
Pinming Technology: In the third quarter of this year, the net profit attributable to shareholders of the listed company was 17.1971 million yuan, a year-on-year increase of 262.64%.According to an announcement from the Hong Kong Stock Exchange, on October 20, BlackRocks long position in Li Ning (02331.HK) fell from 5.10% to 4.38%.Russian Ministry of Defense: Russian troops have taken control of two settlements in eastern Ukraine.On October 24, Nissin Foods (01475.HK) announced that its Board of Directors has noted unusual recent fluctuations in the trading price and volume of the Companys shares. Having made all reasonable enquiries regarding the Companys circumstances, the Board confirms that it is not aware of (i) any reasons for such fluctuations in the price and volume of the Companys shares, (ii) any information that needs to be announced to avoid creating a false market in the Companys securities, or (iii) any inside information that needs to be disclosed under Part XIVA of the Securities and Futures Ordinance. The Board also confirms that the Groups business operations are normal, and there have been no material changes in the Groups business operations and financial position.On October 24, Julien Lafargue, chief market strategist at Barclays Private Bank, pointed out: "From the perspective of market impact, unless there is a significant upward surprise in the US inflation data, the market is unlikely to change its expectations for further interest rate cuts by the Federal Reserve." In addition to the frequent fluctuations in the trade war, the market has recently been boosted by a strong corporate earnings season. According to data tracked by the Atlanta Federal Reserve, before the government shutdown, the US GDP growth rate in the third quarter was close to 4%, showing that the economy still has amazing resilience. Although it is not easy to shake this optimistic narrative, if there is an unexpected CPI, it may be the trigger point. Stephanie Link, chief investment strategist at Hightower Advisors, said: "If the CPI data is higher than expected, I expect market volatility to increase. However, I will regard this as a buying opportunity because the current economy is still strong, the Federal Reserve has started a cycle of interest rate cuts, corporate profits are growing at a double-digit rate, and the fourth quarter has always been the strongest quarter of the year."
