GoldenOctober2024

On June 26, the three major A-share indices experienced sideways fluctuations in the morning and a pullback in the afternoon, with the Shanghai Composite Index falling by 0.22%, the Shenzhen Component Index dropping by 0.48%, and the ChiNext Index declining by 0.66%. The military industry zone showed strong performance, while the innovative drug zone led the declines, with most individual stocks in the red.

On June 26, the total transaction value of the Shanghai and Shenzhen stock markets was 15,831.78 billion yuan, a decrease of 19.61 billion yuan compared to the previous day. The transaction value of the Shanghai Stock Exchange was 603.095 billion yuan, while the Shenzhen Stock Exchange was 980.083 billion yuan. Dongfang Caifu had the highest transaction value at 22.29 billion yuan, with others including Zhinaizhen and Tianfeng Securities.

The article lists the timing and content of several important economic data releases, including the German Consumer Confidence Index, the UK Retail Sales Difference, the number of unemployment claims in the US, GDP indicators, and the speech schedule of the President of the European Central Bank. These data have a significant impact on the economic situation and market trends.

Lombard Odier's strategists expect gold prices to undergo a consolidation pattern. Although geopolitical tensions support gold, prices have already experienced a pullback from recent rises, and gold remains an important strategic investment vehicle.

Jin10 data June 26 news, the New Taiwan Dollar rose 2.4 cents against the US Dollar on Thursday morning, continuing to reach a three-year high, with an intraday rise of 0.8%. Traders stated that the grace period for US tariffs is about to end, and concerns about stagflation are emerging, causing the international dollar to weaken, with the New Taiwan Dollar rising sharply alongside non-US currencies, recording the most significant gains among Asian currencies. Traders pointed out that overseas investors are optimistic that the Taiwan Dollar will continue to rise, with one-month USD/TWD forward transactions having fallen below the 29 threshold, and foreign capital continuously selling US Dollars in the Spot market, making it easier for the Taiwan Dollar to rise and harder to depreciate.

Citi raised its profit forecast for China Molybdenum from 2025 to 2027, mainly due to the pump in copper prices and the decline in production costs. It is expected that the net profit for the first half of 2023 will reach $309 million, a year-on-year rise of 14 times. The target price has been raised from HKD 4.1 to HKD 4.3, maintaining a buy rating.

Jin10 data reported on June 26th that South Korean President Lee Jae-myung delivered a policy speech in the National Assembly on the 26th, calling for the National Assembly to promptly address the supplementary budget proposal. In his speech, Lee emphasized that revitalizing people’s livelihoods and boosting the economy is an urgent priority. He stated that if the current low growth state continues for a long time, it will fall into a vicious cycle of harder-to-seize opportunities, intensified competition, and escalating conflicts. Lee stressed the need to normalize the operation of the Capital Market. As long as the Capital Market restores transparent and fair operations, it can create a virtuous cycle of economic recovery and corporate development, thus leading to an era where South Korea's Composite Stock Price Index (KOSPI) breaks through the 5000-point mark.

Jin10 data reported on June 26, local time, that South Korean President Lee Jae-myung delivered his first policy speech after taking office on June 26.

Jin10 data June 26 news, on June 25 local time, the Energy Institute based in London, UK, released its latest annual World Energy Statistics report, showing that last year the global energy industry's carbon dioxide emissions set a historical high for the fourth consecutive year. The report indicates that last year was the hottest year on record, with global temperatures exceeding pre-industrial levels by 1.5 degrees Celsius for the first time, and despite renewable energy reaching historical highs, the use of fossil fuels continued to rise.

Jin10 data reported on June 26 that ZhongAn Online (06060.HK) announced on the Hong Kong Stock Exchange that the company intends to issue new H-shares under the general authorization, with an issue price of HKD 18.25 per share. The total amount of funds raised from the placement is expected to be approximately HKD 3.924 billion. The company plans to use the net proceeds from the placement to replenish the company's capital, support the company's investment in innovation in the fintech sector, and for general corporate purposes.

Jin10 reported on June 26 that on the morning of June 26, Chow Tai Fook announced the results of its share allotment on the Hong Kong Stock Exchange, with the Hong Kong public offering receiving 711.11 times subscription and the international offering receiving 13.55 times subscription; the final offer price was HKD 24, with net proceeds of HKD 1.1927 billion.

Jin10 data reported on June 26, the Wall Street Journal reporter, "The Federal Reserve (FED) mouthpiece" Nick Timiraos and his colleague Brian Schwartz mentioned in a jointly published article that the early announcement of the Federal Reserve chairman candidate poses disadvantages for both Trump and the nominee. This could put the incoming chairman in an awkward position: if he publicly criticizes colleagues he will work with at the Federal Reserve (whose support is crucial for his confirmation in the Senate), the market may see him as merely a sycophant catering to the president; on the other hand, if he chooses to defend the Federal Reserve's policies, he risks angering Trump and losing the position before officially taking office.

Jin10 Data, June 26 - Douglas Rediker, an American economist and policy advisor, commented on the news regarding Trump considering appointing the next Federal Reserve (FED) chairman early, stating that the sooner Trump announces his preferred candidate for the FED chairman, the more likely that person will become a target and the less likely they will actually succeed Powell. Since taking office, Trump has repeatedly criticized Powell for being too slow to cut interest rates, calling him "Mr. Too Late."

Jin10 data reported on June 26 that International Atomic Energy Agency Director General Grossi stated in an interview with France 2 on the 25th that the U.S. claims that the American military airstrikes on Iranian nuclear facilities have set back Iran's nuclear program by "decades" should be considered a "political assessment." Grossi said, "I lack confidence in such time assessments regarding weapons of mass destruction. I think it should be a political assessment." He also mentioned that he does not intend to criticize the term "decades" and acknowledged that Iranian nuclear facilities have indeed suffered severe damage.

J.P. Morgan's mid-year outlook report indicates that U.S. tariff policies may affect global economic rise and reignite inflation, predicting a 40% probability of recession in the U.S. in the second half of the year. The economic growth rate is expected to decline to 1.3% by 2025. The bank is bearish on the dollar, predicting that the Federal Reserve (FED) will cut interest rates by 100 basis points from December to the spring of 2026, while still being optimistic about the U.S. stock market.

The article lists the times and contents of several important economic data releases, including the German Consumer Confidence Index, the UK Retail Sales Balance, the number of unemployment claims in the US, GDP indicators, and the speech times of the European Central Bank President. This data has a significant impact on the economic situation and market trends.

The U.S. Defense Intelligence Agency stated that the assessment regarding a potential military strike on Iran's nuclear facilities is preliminary and of low credibility, and it will be refined based on new intelligence. At the same time, it is investigating the leak of the FBI assessment report. Trump insists that he has destroyed Iran's nuclear facilities.

Jin10 reported on June 26 that Hungarian Prime Minister Orban stated on the 25th during the NATO summit in The Hague, Netherlands, that the real threat facing Europe today is not in terms of security, but in economic aspects, as Europe is losing competitiveness in global trade. Orban reiterated his opposition to further NATO involvement in the Ukraine issue. He stated that NATO has no role in Ukraine, as Ukraine is not a NATO member, nor is Russia.

Since the beginning of this year, the Wind Micro Plate Stock Index has risen by over 30%, attracting attention, but recently it has experienced a continuous downward movement. The high price-to-earnings ratio and signals of capital withdrawal have raised concerns in the market. Institutions have significant differences in their views on future trends, and investors need to follow the risk management capabilities of the managers.