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1.12046
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Gold
3214.42
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Oil
61.186
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USD/JPY
145.291
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1.33175
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193.500
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Real-time News
May 16th, as the market expects the central bank to cut interest rates at its meeting at the end of this month, the New Zealand Federal Reserve released a survey on Friday showing that inflation expectations rose to a one-year high in the second quarter. According to the New Zealand Federal Reserves quarterly survey, two-year inflation expectations rose to 2.29% from 2.06% in the first quarter. Two years is seen as the time frame required for the New Zealand Federal Reserves policy actions to have an impact on prices. The New Zealand Federal Reserves inflation target range is 1% to 3%. In addition, survey data from 42 business leaders and professional forecasters showed that New Zealands average year-on-year price increase in the next year will be 2.41%, higher than the previous forecast of 2.15%.On May 16, CMB International issued a report indicating that it raised the target price of Geely Automobile (00175.HK) by 4.3%, from HK$23 to HK$24, and maintained a "buy" rating. Although the bank calculated that Geelys terminal inventory increased by about 156,000 units in the first four months of 2025, retail sales in the same period also increased by 41% year-on-year. The sales volume forecast for 2025 was raised from 2.74 million units to 2.8 million units (the companys target is 2.71 million units), and the gross profit margin forecast for 2025 was raised by 0.7 percentage points to 16.1%. Accordingly, the bank raised its net profit forecast for 2025 by 4% to RMB 15.2 billion (the same below). It also raised its net profit forecast for 2026 by 4% to RMB 16.7 billion. The bank expects Zeekrs net profit contribution to increase significantly starting in 2026, so Geelys recent proposal to privatize Zeekr should be a wise choice.May 16th, according to some diplomats, the Asia-Pacific Economic Cooperation (APEC) trade ministers meeting will close on Friday, and the differences over US tariffs and World Trade Organization reform have raised questions about whether a joint statement can be passed. The meeting usually focuses on multilateral cooperation in economics and trade, and this years controversial WTO reform has also become a focus.The main contract of SC crude oil fell 4.00% during the day and is now trading at 459.30 yuan per barrel.On May 16, Morgan Stanley issued a report stating that it maintains Geely Auto (00175.HK)s target price of HK$21 and an "overweight" rating. Geely Auto emphasizes that integration and focusing on group resources to cope with challenging markets are imminent. Management believes that the potential privatization of Zeekr may increase Geely Autos operating efficiency by 15-20%, which will be reflected in cost savings in the supply chain, R&D, and other areas, as well as reducing redundant investments. More details of the transaction and restructuring are yet to be disclosed.
