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On February 28, Mixue Group (02097.HK), the parent company of affordable tea drink "Mixue Ice City", will be listed in Hong Kong next Monday (March 3), and there will be dark trading today. Comprehensively considering the three major dark trading venues, Mixue Groups dark trading rose by more than 20%, ranging from 23.4% to 28%, to 250 to 259 yuan. Among them, the dark trading of Phillip had the largest increase, and one lot (100 shares) made a maximum profit of 5,670 yuan on paper. In the Phillip dark trading venue, Mixue Group opened at 278 yuan, and once rose 40.7% during the session, reaching a high of 285 yuan, with a turnover of 600 million yuan, while the dark trading of Futu and Yaocai had turnover of 690 million yuan and 24.11 million yuan respectively. Mixue Group plans to issue 17.06 million shares, with an offer price of 202.5 yuan, raising 3.45 billion yuan, 100 shares per lot, and an entry fee of 20,454.2 yuan per lot.On February 28, Lingge Technology announced that the main financial data for 2024 showed that the company achieved operating income of 214 million yuan, a year-on-year decrease of 19.36%; the net profit attributable to shareholders of the listed company was a loss of 40.0431 million yuan; the net profit attributable to shareholders of the listed company after deducting non-recurring gains and losses was a loss of 44.5898 million yuan.Italys initial monthly CPI rate for February was 0.2%, in line with expectations of 0.20% and the previous value of 0.60%.Italys initial annual CPI rate for February was 1.7%, in line with expectations and the previous value of 1.50%.Italys initial monthly harmonized CPI rate in February was 0.1%, in line with expectations of 0.10%. The previous value was revised from -0.70% to -0.80%.

WTI Remains on the Defensive Near $76, as Central Banks Rekindle Recession Fears and PMIs Are Monitored

Daniel Rogers

Dec 16, 2022 11:48

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Following a reversal from the weekly high to welcome the bears, WTI crude oil licks its wounds near $76.20 on Friday morning. Fearing a recession, the traders of black gold are awaiting the first readings of important economic activity figures from leading economies.

 

In spite of this, the energy benchmark fell the most in over a week as global central banks announced rate increases the day before. The oil market's pessimism was exacerbated by the policymakers' willingness to maintain high interest rates for an extended period of time, as well as inflationary concerns. Consequently, economic slowdown worries bolstered the US Dollar's safe-haven demand and weighed on the Oil.

 

Moreover, owing to Beijing's prominence as one of the world's largest consumers of commodities, weak China statistics provided additional support to sellers of black gold. China's Retail Sales dropped to -5.9% in November, compared to -3.6% predicted and -0.5% previously, while Industrial Production came in at 2.2%, compared to 3.3% market predictions and 5.0% earlier readings.

 

In addition, news from Canada weighed on oil prices, as reported by Reuters: "Canada's TC Energy Corporation said it was resuming operations in a stretch of its Keystone pipeline, a week after a spill of more than 14,000 barrels of oil in Kansas caused a shutdown."

 

As a result, oil bears are well-positioned to reclaim control, but await the early readings of the PMIs for the UK, Europe, and the US for the month of December for unambiguous guidance.


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