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The rupiah fell as much as 0.45% to 16,585 against the dollar, its lowest level since May 2.On May 14, Goldman Sachs said that after an internal analysis of Trumps social media posts on oil prices, it was found that Trump seemed to prefer to maintain WTI oil prices between $40 and $50 per barrel. Analysts such as Daan Struyven said: "Trump has always been very concerned about oil and US energy dominance. He has posted nearly 900 related tweets. Through analysis, we infer that his preference for WTI oil prices is around $40 to $50, which is also the range in which he talks about oil prices the least frequently." The prices of US and Brent crude oil are often affected by Trumps social media remarks. His comments range from OPECs production policy, US gasoline prices to sanctions on countries such as Iran. The report pointed out: "When WTI prices are above $50, Trump usually calls for price cuts (or welcomes the drop in oil prices); when oil prices are very low (below $30), he calls for higher oil prices, usually to support domestic oil and gas production in the United States."On May 14, HSBC published a report, raising the target price of JD Health (06618.HK) from HK$43 to HK$45, by 4.65%, and maintaining the investment rating of "buy". HSBC said that JD Healths revenue in the first fiscal quarter was RMB 16.6 billion, a year-on-year increase of 25% and a quarter-on-quarter increase of 1%. The adjusted operating gross profit margin was 7.9%, an increase of 2.2 percentage points from last year and 6.9 percentage points from the previous quarter, mainly due to the improvement in gross profit margin. The adjusted net profit margin was 10.6%, an increase of 1.6 percentage points/quarter-on-quarter from the same period last year. The bank currently predicts that JD Healths full-year revenue in 2025 will increase by 17.6% year-on-year to RMB 68.4 billion, which means that the second to fourth quarters of 2025 will increase by 15% year-on-year. The bank expects the full-year adjusted operating gross profit margin to be 4.8%, an increase of 3 percentage points from last year, and the non-GAAP net profit margin to be 7.6%, a year-on-year decrease of 0.6 percentage points.On May 14, according to media reports, Apple is deeply studying brain-computer interface technology and working with startup company Synchron to explore the possibility of controlling devices such as iPhone, iPad and Vision Pro through brain signals. This cutting-edge technology is expected to bring a new way of interaction to paralyzed patients and those with limited mobility. Synchron is a company that produces a stent-like implant called "Stentrode". The device contains 16 electrodes and is implanted into a mesh electrode array of the brains motor cortex blood vessels through the jugular vein. It can capture the movement intention signals emitted by the brain and transmit them to external devices wirelessly to achieve control without hand operation. Synchron integrates the above system with Apples switch control function to replace the input method. In a trial, Mark, a 64-year-old amyotrophic lateral sclerosis (ALS) patient, successfully controlled the Apple Vision Pro headset with his mind by implanting Synchrons brain-computer interface device. He can play card games, watch Apple TV programs and send text messages with brain signals alone without gestures or voice.Sources: Baidu (BIDU.O) will cooperate with PostAuto to launch a self-driving taxi service in Switzerland. Baidu also plans to test self-driving taxis in Türkiye.

Oil Prices Near 2-Month Lows as Supply Concerns Ease

Haiden Holmes

Nov 21, 2022 11:27

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Oil prices remained at two-month lows Monday as supply fears abated and China's gasoline consumption and rising interest rates weighed on the market.


Brent oil futures for January slipped 28 cents, or 0.3%, to $87.34 a barrel, their lowest level since September 27.


U.S. West Texas Intermediate (WTI) oil futures for December were trading at $80 a barrel, down 8 cents. January contract fell 21 cents to $79.90 per barrel.


Brent and WTI fell 9% and 10%, respectively, to their lowest prices since September 27.


Last week, the front-month Brent and WTI crude futures spreads narrowed sharply, reflecting diminishing supply anxieties.


As refiners stockpiled ahead of the December 5 EU oil embargo, tight crude supplies in Europe loosened, putting pressure on crude markets in Europe, Africa, and the U.S.


EU's energy policy chief told Reuters that the EU plans to finish its laws by December 5, when a G7 pact to regulate Russian oil prices takes effect.


RBC Capital analyst Mike Tran said the dismal December WTI contract expiry was due to paper market selling, not physical market weakness.


"Tight global inventories don't sustain barrel excess contango," he added.


Although North Sea and West African spot market indicators are weak, they don't imply alarm.


Europe and the U.S. fought for restricted diesel barrel markets. China's diesel exports nearly doubled year-over-year to 1.06 million tonnes in October, but were lower than September's 1.75 million tonnes.


COVID-19 restrictions continue to stifle demand in the world's leading crude importer, while expected interest rate hikes elsewhere have boosted the dollar, making dollar-denominated commodities more expensive for investors.