EUR/USD 1.12557
0.268%
Gold 3323.47
0.532%
Oil 60.322
0.666%
USD/JPY 145.211
-0.489%
GBP/USD 1.32649
0.149%
GBP/JPY 192.625
-0.309%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Futures News on May 9, it is reported that this revision of the rules is mainly in accordance with the requirements of the "Regulations on the Administration of Futures Exchanges", and the framework of the Guangzhou Futures Exchanges rules system has been adjusted. According to the requirements of the "Regulations on the Administration of Futures Exchanges", the Guangzhou Futures Exchange, as a futures trading venue and futures settlement institution stipulated in the "Futures and Derivatives Law", shall formulate corresponding "Trading Rules" and "Settlement Rules" as basic business systems. The newly released "Settlement Rules" further clarify the rights and obligations, basic procedures and risk prevention provisions of all parties in the settlement business, which is of great significance for strengthening market supervision and preventing settlement risks. The relevant person in charge of the Guangzhou Futures Exchange introduced that in the next step, the Guangzhou Futures Exchange will further revise and improve the business rules system in accordance with the new "Trading Rules" and "Settlement Rules", and continue to improve the level of self-discipline management and legalization, so as to lay a solid foundation for better serving the high-quality development of the real economy.Futures News on May 9: It is understood that the content of this rule revision has no substantial impact on the existing business of the Guangzhou Futures Exchange. The revision of the "Trading Rules" mainly includes three aspects. First, it implements the revision of higher-level laws and regulations in recent years, such as further clarifying the regulatory requirements for program trading, improving the handling of abnormal situations and emergencies, etc. Second, it improves the content of the rules according to business practices, such as clarifying the relevant provisions of futures-to-cash, strengthening the supervision of delivery warehouses, and improving the provisions of trading instructions and trading processes. Third, the clauses related to settlement business in the original rules have been deleted.The onshore RMB closed at 7.2461 against the U.S. dollar at 16:30 on May 9, down 106 points from the previous trading day.Bank of England Governor Bailey will speak at the Reykjavik 2025 Economic Conference in ten minutes.ECB board member Simkus: Inflation has basically reached the target.

Hang Seng Index, ASX200, Nikkei 225: Hang Seng Hits Reverse

Cory Russell

Feb 24, 2023 15:22

Industry Snapshot

This morning's class was diverse. The Nikkei 225 and ASX 200 both made advances, and US economic data and a positive US stock market session provided support in the morning. The US Futures, however, were followed into bearish terrain by the Hang Seng Index.


The immediate concerns of a more active Fed interest rate trend were allayed on Thursday by US economic data. The US economy grew less quickly than anticipated, but the job market stayed constrained. In Q4 the economy expanded by 2.7% as opposed to a preliminary 3.2%. However, the Fed was given some fuel for thought when initial unemployment applications dropped from 195k to 192k.


The NASDAQ Composite Index increased by 0.72% in reaction to the statistics and US business profits, while the Dow and the S&P 500 increased by 0.33% and 0.53%, respectively.


The heavyweights were held back from making more significant advances this morning by market anxiety regarding today's US Core PCE Price Index figures. A challenging US session is expected, as evidenced by the Dow Mini's 19-point decline and the NASDAQ Mini's 18-point decline.


Kazuo Ueda, the new governor of the Bank of Japan, brought comfort to the market by promising to keep the country's ultra-loose monetary policy in place despite the most recent inflation figures.


This morning's Asian economic schedule was relatively light as the G20 meeting got started in India, where inflation, the situation in Ukraine, and the connection between China and Russia could be heated subjects.

ASX 200

The overnight advances in the US provided assistance for the ASX 200's rise of 0.27%. Investors were not given any statistics from the Australian economic schedule this morning.


Financial equities provided assistance. National Australia Bank (NAB) and ANZ Group (ANZ) both saw gains of 0.53% and 0.57%, while Westpac Banking Corp (WBC) increased by 0.35%. With an increase of 1.34, the Commonwealth Bank of Australia (CBA) took the lead.


The early session of mining equities was negative. BHP Group Ltd (BHP) and Rio Tinto (RIO) both experienced declines of 3.34% and 1.83%, while Fortescue Metals Group (FMG) experienced a decline of 1.99%. The price of Newcrest Mining (NCM) fell by 2.54%.


Crude oil prices increased, supporting energy asset values. Gains of 0.80% and 1.15% were recorded by Santos Ltd. (STO) and Woodside Oil Company (WDS), respectively. This morning, WTI Oil increased 0.77% to $75.97.

Hang Seng

This morning, the Hang Seng fell 1.33%, defying the general Asian market pattern. This morning's market risk appetite was not influenced by any economic data. On the first anniversary of Russia's attack of Ukraine, the Hang Seng Index was negatively impacted by a downbeat morning session for the CSI 300.


Alibaba Group Holding Ltd (HK:9988) fell by 4.15%, while Tencent Holdings Ltd (HK:0700) fell by 2.02%.


Additionally, the morning was negative for equities in banks. China Construction Bank (HK: 0939) and Industrial and Commercial Bank of China (HK:1398) both experienced declines of 0.61% and 1.00%, respectively, while HSBC Holdings PLC fell by 0.94%.

Suggestion