EUR/USD
1.16086
0.072%
Gold
3968.86
0.985%
Oil
59.841
-0.570%
USD/JPY
153.787
0.695%
GBP/USD
1.31919
-0.020%
GBP/JPY
202.878
0.685%
Real-time News
On Thursday, October 30, the Hang Seng Index closed down 63.45 points, or 0.24%, at 26,282.69; the Hang Seng Tech Index closed down 41.68 points, or 0.68%, at 6,051.76; the H-share Index closed down 28.93 points, or 0.31%, at 9,346.86; and the Red Chip Index closed up 9.17 points, or 0.22%, at 4,098.12.On October 30th, the General Office of the State Financial Supervision and Administration Bureau issued a notice on promoting the sustained and healthy development of pension wealth management business. The notice mentioned improving the fee structure. It supports pension wealth management product issuers, sales institutions, and custodians in offering certain fee rate discounts on management fees, sales fees, and custody fees, based on commercial sustainability.Stlantis shares, listed in Italy, fell nearly 6% and trading was automatically suspended.1. PIMCO: The ECB is expected to keep interest rates unchanged. The bank may want to retain policy flexibility and is likely to provide cautious guidance on the policy outlook. The current rate-cutting cycle may have ended. 2. ANZ: The ECB is expected to keep interest rates unchanged. October PMI data supports the view that the Eurozone economy will gradually consolidate next year, and the current rate-cutting cycle may have ended. 3. Reuters poll: The ECB is expected to keep interest rates unchanged, but the impact of US tariffs has not yet fully materialized, and Lagarde is unlikely to completely rule out the possibility of further policy easing. 4. S&P Global: The ECB is expected to keep interest rates unchanged. The preliminary October PMI for the Eurozone shows that while economic growth has rebounded to its highest level in the past three years, inflationary pressures are also relatively mild. 5. ING: The ECB is expected to keep interest rates unchanged. If the bank deems it necessary to restart rate cuts in the future, it is unlikely to stop at just one more rate cut; market pricing in rate cuts may be too mild. 6. Vanguard: The ECB is expected to keep interest rates unchanged for the remainder of this year and throughout next year. While risks lean towards further easing, a catalyst is needed for further rate cuts. 7. Mitsubishi UFJ: The ECB is expected to keep interest rates unchanged. Data since the September meeting has largely met expectations, and the bank is unlikely to change its policy guidance. Lagardes press conference is also not expected to offer any major information. 8. Yuxing Bank: The ECB is expected to keep interest rates unchanged. Most Governing Council members seem to believe the rate-cutting cycle has ended, and the economic or inflation outlook needs to deteriorate more than the central bank expects before prompting another rate cut. 9. IGM Group: The ECB is expected to keep interest rates unchanged. Lagarde may reiterate that current policy is appropriate and remain cautious, while simultaneously warning of underlying geopolitical and trade risks beneath the surface of stability. 10. Danske Bank: The ECB is expected to keep interest rates unchanged, and may do so throughout next year. Lagarde will reiterate her assessment of interest rates but will also indicate that she is prepared to act. 11. KfW: The ECB is expected to keep interest rates unchanged. Trade conflicts remain the main source of uncertainty, but there are currently no signs that this will lead to a significant economic downturn or impact inflation.On October 30th, the General Office of the State Financial Supervision and Administration Bureau issued a notice on promoting the sustained and healthy development of pension wealth management business. The notice mentioned increasing financial support. It supports wealth management companies in investing in long-term, high-quality assets that match the characteristics of pensions, participating in the investment of major national projects and key infrastructure projects through appropriate means, and increasing support for the health industry, the elderly care industry, and the silver economy. It also supports wealth management companies in comprehensively considering the risk-return characteristics of the assets invested in pension wealth management products and investors risk preferences, under the premise of controllable risk, to achieve a balance between economic and social benefits.
