EUR/USD
1.15401
0.104%
Gold
4037.31
-0.980%
Oil
58.216
-0.821%
USD/JPY
157.180
-0.177%
GBP/USD
1.30905
0.139%
GBP/JPY
205.762
-0.029%
Real-time News
On November 21st, Bank of America Securities issued a research report stating that Link REITs (00823.HK) interim results for fiscal year 2026 ending September 30th were below expectations. The bank lowered its distribution per unit forecast for fiscal years 2026-2028 by 2% to 3%, and correspondingly reduced its target price from HK$45 to HK$43. The report stated that Link REITs biggest negative factor was the sharp decline in retail rental income in mainland China, while a 6% decrease in renewal rents in Hong Kong was within expectations. However, the widening year-on-year decline in tenant sales in the second fiscal quarter disappointed the market. The bank expects that Link REITs cost-cutting measures should help the company stabilize its distribution per unit. By mid-fiscal year 2027, the company should be able to adjust its business portfolio to better cope with e-commerce competition. The bank believes that the companys current valuation remains attractive and reiterated its buy rating.The UKs October public sector net borrowing and seasonally adjusted retail sales figures will be released in ten minutes.1. WTI crude oil futures trading volume was 797,449 lots, a decrease of 74,716 lots from the previous trading day. Open interest was 1,851,196 lots, an increase of 505 lots from the previous trading day. 2. Brent crude oil futures trading volume was 169,628 lots, an increase of 2,365 lots from the previous trading day. Open interest was 238,065 lots, an increase of 3,119 lots from the previous trading day. 3. Natural gas futures trading volume was 516,728 lots, a decrease of 57,116 lots from the previous trading day. Open interest was 1,496,571 lots, a decrease of 9,397 lots from the previous trading day.HSBC raised its target price for Walmart (WMT.N) from $121 to $122.On November 21st, MarketPulse analyst Christian Norman stated that the better-than-expected US non-farm payroll data for September reinforced the Federal Reserves tendency to postpone interest rate cuts. However, a core question now exists in the market: how can the Fed guarantee making the right decisions in the absence of data? Therefore, although a high-interest-rate environment should be bearish for gold, there are signs that the market is beginning to view gold as a hedge against "policy mistakes." If the Fed decides to hold rates steady in December, but subsequent data proves that not cutting rates was a mistake, it could very well shake market confidence in the dollar. In contrast, gold has become a more reliable "safe haven." While this is currently only a secondary logic, it could indeed provide some support for gold prices, as it reflects a decline in market confidence in the Feds ability to accurately control the economy (in the absence of complete information).
