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On February 26th, Tesla China officially announced a new round of financing incentives for its vehicles. Orders placed before March 31st will be eligible for a 7-year low-interest loan on all models. For the three main models, Model 3, Model Y, and Model YL, an additional 5-year 0% interest plan is available, meaning no interest will be paid on the loan. This move is widely interpreted by the industry as another round of "disguised price reductions," aimed at further boosting sales. In January 2026, Tesla China released a similar promotional program, which at that time was valid until January 31st. Data shows that Tesla Chinas total wholesale sales in 2025 were 851,700 vehicles (including domestic deliveries and overseas exports), a year-on-year decrease of 7.08%.Galaxy Entertainment (00027.HK): The Groups adjusted EBITDA for the year 2025 is HK$14.5 billion, up 19% year-on-year. Profit attributable to shareholders for the year is HK$10.7 billion, up 22% year-on-year.Hong Kong Exchanges and Clearing Limited (00388.HK): Driven by the wave of artificial intelligence and other technological developments, global investors interest in Chinese assets has been rekindled, and the participation of mainland Chinese investors has continued to increase, driving a strong performance in the Hong Kong spot market in 2025, with turnover reaching a record high. The IPO market also saw a heated atmosphere. The spot market set several new records in 2025, with the annual average daily turnover reaching a new high of HK$249.8 billion, the average daily turnover in September 2025 reaching a new monthly high of HK$316.7 billion, and a new single-day turnover of HK$621 billion recorded on April 7, 2025.The U.S. savings rate fell to 3.6% in December, the lowest level since October 2022.February 26th - According to statistics and analysis from the China Association of Automobile Manufacturers, in January 2026, Chinese brand passenger vehicles sold a total of 1.329 million units, a decrease of 32.1% month-on-month and 8.9% year-on-year, accounting for 66.9% of total passenger vehicle sales, a decrease of 1.5 percentage points compared to the same period last year.

WTI rebounded from $73.00, but a decline appears probable as negative US PMI spark recession fears

Daniel Rogers

Jan 05, 2023 14:41

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West Texas Intermediate (WTI) futures on the New York Mercantile Exchange (NYMEX) have regained some ground in the Asian session after falling to near $73.00. Oil prices experienced a slaughter on Wednesday, which was precipitated by a consecutive dip in United States Manufacturing PMI data provided by the Institute of Supply Management (ISM) department.

 

The U.S. Manufacturing PMI dipped to 48.4 vs estimates of 48.5 and the previous publication of 49.0, marking the lowest figure since May 2000. The Federal Reserve's (Fed) aggressive policy tightening actions to combat persistent inflation have reduced the volume of manufacturing operations. To avoid increasing interest costs, companies are avoiding debt-raising negotiations, which has resulted in unaltered production capacities and diminished investment options.

 

In the meantime, the robust U.S. job market gives the Federal Reserve (Fed) a compelling justification to maintain higher interest rates for an extended period. The Unemployment Rate is extremely steady at lower levels, and pay growth is robust, which continues to keep inflationary pressures in check.

 

The American Petroleum Institute (API) stated that oil inventories grew by 3,298 million barrels for the week ending December 30. As people were preoccupied with New Year's celebrations, the majority of operational activity ceased. The official US oil inventory figures will provide fresh impetus moving forward.

 

In the Asian region, increased Covid infections in China are indicative of a delayed economic recovery. Analysts at Rabobank believe that China is still attempting to deal with the increase in Covid infections following the easing of restrictions. "The current increase of Covid infections is stressing the Chinese health care system in more ways than one. Bloomberg adds that this may also impede Beijing's aspirations to launch a homegrown semiconductor industry to compete with US-controlled supply chains.

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