GoldenOctober2024

UBS analysts predict that the eurozone economy is expected to slightly improve in 2022, which will support the rise of the euro against the US dollar, and it is unlikely that European government bond yields will drop significantly. It is expected that by the end of 2025, the euro to US dollar exchange rate will rise to 1.12.

UBS expects the pound and the Australian dollar to potentially pump, as the UK Central Bank and the Reserve Bank of Australia may be more cautious in reducing interest rates than other regions. These two currencies are seen as favored developed market currencies in interest rate differential trades. UBS expects the Exchange Rate of the Australian dollar against the US dollar to rise to 0.68, and the Exchange Rate of the pound against the US dollar to rise to 1.35 by the end of 2025.

Jinshi data, November 21 news, the China Securities Regulatory Commission issued a reply on November 21 approving the registration of Yongjie New Materials Co., Ltd.'s initial public offering of shares, approving the company's application for the initial public offering of shares. According to the prospectus, the company plans to list on the main board of the Shanghai Stock Exchange, specializing in the research, development, production, and sales of aluminum plate and foil, including two main categories: aluminum plate and aluminum foil.

Jinshi data news on November 21st, Yu Xin Bank analysts stated in a report that the recent widening of the investment-grade credit spread denominated in euros seems to be somewhat excessive and may now begin to stabilize. They said, "We expect the corresponding credit risk premium to consolidate near current levels." Yu Xin Bank also stated that Nvidia's better-than-expected earnings and disappointing performance guidance are unlikely to have an impact on the euro credit market.

Investor concerns for artificial intelligence chip manufacturer NVIDIA are shifting from the overall picture to the details, leading to a decline in stock price. NVIDIA's gross margin has declined sequentially, and the gross margin for this quarter will continue to decline, along with weaker-than-expected revenue forecasts, which are troubling investors.

Jinshi Data News on November 21st, Redick announced that it plans to acquire 51% of Diz Precision's equity. As of the date of this announcement, the parties to the transaction have not been able to reach a final consensus on the acquisition and have not been able to sign a formal acquisition protocol. In order to safeguard the legitimate rights and interests of the company and all shareholders, after careful study by the company, it has been decided to terminate the acquisition.

Hanergy's profits are uncertain due to the conflicting rulings between the US court's punitive damages for trade secrets and UK law. The High Court of England does not support the enforcement of trade secret compensation in the UK, and has rejected Motorola's application for litigation costs in the UK.

On November 21, Jinshi Data reported that the preliminary calculation of the total retail market for narrow passenger cars in November by the China Association of Automobile Manufacturers was about 2.4 million, a rise of 15.4% year-on-year and a rise of 6.1% month-on-month. The retail sales of new energy vehicles are expected to reach 1.28 million, with a penetration rate of about 53.3%.

According to BCH News, on November 21st, Jinshi Data reported that the Ukrainian military claimed that Russia had launched an intercontinental ballistic missile, but Western officials denied the claim.

Jinshi Data News on November 21st, Rishu Dongfang announced that the company's stock price has fluctuated significantly recently due to the impact of the supercharging station launch conference previously held by the company. The company has fully informed that this business has not generated any business income or profits, and there is no plan for large-scale promotion. The company hereby reminds that the company's products, main business, and business model have not changed. It solemnly reminds investors to pay attention to the risks of hot concept speculation and make prudent and rational decisions.

Jinshi Data News on November 21st. Dahua Bank expects that the European Central Bank will once again cut interest rates by 25 basis points at the December meeting. After that, the European Central Bank is expected to make the interest rate move towards neutral according to the quarterly interest rate reduction rhythm. The uncertainty brought by Trump's re-election as President of the United States, the upcoming tariffs, and the US support for Ukraine may affect Europe's economic sentiment. Although the overall inflation outlook still shows a easing of cost pressures, the bank believes that European Central Bank officials may expect inflation to continue to reach the Central Bank's target until next year.

Hunan Gold stock rose to the daily limit at the end of the session under the stimulus of the news, but the company stated that the news had no substantial impact on it. The Hunan Provincial Geological Institute has made a major breakthrough in exploring the Wangu gold mine, with a cumulative gold resource of 300.2 tons in the core exploration area, and a predicted far-sighted gold reserve of over 1,000 tons for depths of over 3,000 meters underground, with a resource value of 600 billion yuan.

Jinshi data November 21 news, Siles announced that the company has received a cash compensation of 1.374 billion yuan for the major asset restructuring project in 2023 from its controlling shareholder, Chongqing Xiaokang Holdings Co., Ltd. The performance commitment compensation obligation for this major asset restructuring has been fulfilled.

Due to multiple factors, Nacanco is facing financial constraints. On November 20th, a portion of the principal or revolving loan interest for some bank PPP projects could not be repaid as scheduled, with an overdue amount of 161 million yuan and an outstanding interest amount of 2.724 million yuan. The company will take multiple measures to actively address the issue of overdue debt.

Jinshi data, November 21 news, Hengrun shares announced that the company plans to repurchase shares through centralized Bidding trading to implement equity incentives or employee stock ownership plans. The total amount of the repurchase funds is not less than 50 million yuan and not more than 90 million yuan, and the repurchase price does not exceed 20 yuan per share. The repurchase period is within 12 months from the date of the board's approval of the plan. Shareholders of more than 5% of the company, Yifan Fund and Mr. Cheng Li, have no plan to reduce their holdings in the next 3 months or 6 months.

Jinshi data, November 21 news, CITIC Securities (03908.HK) Hong Kong Stock Exchange announcement, Mr. Deng Xingbin, the company's non-executive director, resigned as the company's non-executive director, the board of directors' strategic and ESG committee member, and the board of directors' risk control committee member on November 21, 2024. The resignation will take effect on the same day.

Jinshi Data November 21st News, Kejia Intelligent announced in the evening that the company plans to repurchase company shares with an amount of 150 million to 300 million yuan, for the purpose of cancellation and reduction of the company's registered capital. The repurchase price shall not exceed 15.77 yuan per share.

Recently, the price of natural gas in Europe has been continuously rising, with the contract price of Dutch TTF natural gas rising by over 19%, hitting a new high for the year. Concerns about Russia's attacks on Ukraine's energy infrastructure and the escalation of tensions disrupting natural gas supply, coupled with the EU's natural gas storage levels being below the five-year average, have led investors to hold an optimistic view of the future performance of natural gas.

The European Central Bank's third-quarter employer and labor representative wage data rose by 5.4% YoY, a record high, but it mainly reflects Germany and one-time bonuses, which are unlikely to be repeated in the future. The European Central Bank prefers its own forward-looking wage tracking system, and wages are expected to slow down significantly by 2025. The data is not expected to change the policy outlook, and the European Central Bank still prefers to cut interest rates by 25 basis points at each meeting.