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According to Hong Kong Stock Exchange filings, Tencent Holdings (00700.HK) repurchased 465,000 shares on July 6 for HK$204.8 million.Barclays lowered its price target for PepsiCo (PEP.O) from $158 to $144.On July 6th, Yuexiu Property (00123.HK) announced that in June 2026, the company achieved contracted sales (including contracted sales from joint ventures and associates) of approximately RMB13.492 billion, representing a year-on-year increase of approximately 24.9%, and contracted sales area of approximately 489,200 square meters, representing a year-on-year increase of approximately 67.0%. From January to June 2026, the companys cumulative contracted sales (including contracted sales from joint ventures and associates) amounted to approximately RMB50.506 billion, representing a year-on-year decrease of approximately 17.9%, and cumulative contracted sales area was approximately 1,698,700 square meters, representing a year-on-year increase of approximately 16.2%.On July 6th, the Price, Cost and Certification Center held an opening meeting for its research project, "Technological and Economic Research on Virtual Power Plants Participating in Power System Regulation," on June 24th. The research team introduced its research approach, focusing on the pathways, construction and operation costs, and cost mitigation mechanisms for virtual power plants participating in power system regulation. Experts from the China Society for Economic System Reform, North China Electric Power University, and China Southern Power Grid Co., Ltd. exchanged views and offered suggestions with the research team. The meeting was chaired by Cheng Gang, Deputy Director of the Center, and attended by relevant personnel from the School of Control Science and Engineering and the School of Electrical Engineering of Zhejiang University, as well as relevant personnel from the Centers New Energy Price and Cost Department.On July 6th, the Ministry of Human Resources and Social Security issued a notice clarifying that the enrollment target for vocational schools in 2026 is 1.25 million students. Vocational schools across the country will conduct training for key groups such as rural migrant workers seeking employment and training, unemployed college graduates, registered unemployed individuals, and those facing employment difficulties, focusing on market demands and vocational skills requirements in key areas such as artificial intelligence, advanced manufacturing, low-altitude economy, new energy vehicles, and health and wellness services.

Natural Gas, WTI Oil, Brent Oil – Oil Markets Move Higher After CPI Data

Cory Russell

Jan 13, 2023 16:05

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natural gas

The EIA Weekly Natural Gas Storage Report was the main topic of discussion today among gas dealers. In contrast to the analyst estimate of -13 Bcf, the data showed that working gas in storage grew by 11 Bcf from the previous week. Following the publication of the EIA data, natural gas prices rose further as traders concentrated on projections that suggest the weather may get colder starting on January 23.

WTI Oil

WTI oil prices are increasing as traders anticipate more demand from China. Data on US inflation gave oil prices even more support. A less hawkish Fed will benefit oil markets because lower interest rates would ease economic pressure.

Brent Oil

As traders continue to concentrate on the reopening of China's economy, Brent oil is now attempting to settle above the 50 EMA at $84.55. If Brent oil is able to hold above this point, it will continue to rise and move in the direction of the next resistance level at $86.00.