• English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Hong Kong-listed tech stocks retreated, with Tencent Music-SW (01698.HK) falling over 6%, Tencent Holdings (00700.HK) dropping over 5%, and BOSS Zhipin (02076.HK) and Bilibili (09626.HK) both falling over 4%. Alibaba (09988.HK), Kuaishou (01024.HK), Baidu (09888.HK), NetEase-S (09999.HK) and other stocks followed suit.Eden Software (01147.HK), a Hong Kong-listed company, surged over 49% after its subsidiary entered into a strategic partnership with Super Fusion to promote the integration of computing power with enterprise AI application scenarios.Weibo (09898.HK) shares fell nearly 9% after the earnings report. The companys revenue for Q4 2025 was US$473.3 million, compared to US$456.8 million in the same period last year; net income was US$1.76 billion, flat year-on-year.1. Reuters poll: The Bank of Japan is expected to keep interest rates unchanged, with 60% of economists surveyed expecting a rate hike to 1% by the end of June. 2. ANZ: The Bank of Japan is expected to keep interest rates unchanged but will release hawkish signals, expecting a 25 basis point rate hike to 1% in April. 3. DBS: The Bank of Japan is expected to keep interest rates unchanged, possibly preferring to wait for the outcome of wage negotiations this spring; June-July presents a more suitable window for a rate hike than April. 4. Capital Economics: The Bank of Japan is expected to keep interest rates unchanged, with rising wages supporting a rate hike, but the Iranian conflict is the biggest variable, potentially delaying the rate hike further. 5. Daiwa Securities: The Bank of Japan is expected to keep interest rates unchanged; whether it raises rates in April could be a crucial turning point in determining market confidence in its commitment to tightening policies. 6. Allianz Group: The Bank of Japan is expected to keep interest rates unchanged; Kazuo Ueda may maintain the possibility of an April rate hike, while adding data-dependent conditions to hedge against any external shocks. 7. Mitsubishi UFJ: The Bank of Japan is expected to keep interest rates unchanged, but may raise them in April. Geopolitical risks have become the new normal, and stabilizing the yens exchange rate is becoming increasingly important for Japan. 8. Sumitomo Mitsui: The Bank of Japan is expected to keep interest rates unchanged and will focus on how rising oil prices will push up costs for petrochemical products and other oil-based commodities, and how these costs will be transmitted domestically. 9. Moodys Analytics: The Bank of Japan is expected to keep interest rates unchanged and may raise them to 1% around mid-year. Further weakening of the yen could prompt the central bank to raise rates later this year. 10. Natixis: The Bank of Japan is expected to keep interest rates unchanged and maintain a hawkish stance to avoid disrupting spring wage negotiations, while maintaining a tightening bias to alleviate new imported inflationary pressures. Hong Kong-listed OpenClaw concept stocks retreated, with XunCe (03317.HK) falling over 6%, MINIMAX-W (00100.HK) falling over 5%, and Zhipu (02513.HK) falling over 4%. Other stocks such as Tencent Holdings (00700.HK), Alibaba (09988.HK), Kingsoft Cloud (03896.HK), NetEase-S (09999.HK), and Baidu (09888.HK) also declined.

Light Selling Ahead of CPI Data, Earnings Season

Cory Russell

Jul 12, 2022 14:56

微信截图_20220712144438.png


Late in the trading day on Monday, September E-mini S&P 500 Index futures were trading lower as investors prepared for the release of the US Consumer Price Index (CPI) data on Wednesday and the formal start of the second-quarter earnings season. Investors reduced risk throughout the day as China ordered the closure of the first casino in Macao in more than two years to stop the COVID-19 virus from spreading.


September E-mini S&P 500 Index futures are now trading at 3882.00, down 19.25 or -0.49 percent, at 17:55 GMT. The S&P 500 Trust ETF (SPY) is down $4.58 or 1.18 percent, trading at $384.09.


Communication services, one of the S&P 500's 11 main industries, had the highest percentage decline while utilities led gainers.


The Consumer Price Index (CPI) is predicted to increase on Wednesday from last month's reading of 8.6 percent to 8.8 percent. The start of the second quarter reporting season is anticipated to come later in the week with results from major banks including JPMorgan Chase & Co, Citigroup Inc, and Wells Fargo & Co.