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Technology stocks led the S&P to four consecutive gains, Oracle reached a new high after hours, the US dollar and US bonds fell, gold hit a new high, and commodities rose.
In August, the PPI in the United States showed a cooling down of inflation, and the market slightly raised its bets on the Fed's aggressive interest rate cuts. US stocks rose together, with Nvidia up nearly 2%, while NIO Inc and XPeng fell more than 5%. The European Central Bank cut interest rates for the second time this year, but maintained a restrictive policy. European bonds fell, and the euro rebounded from its four-week low. Commodities rose across the board, with US oil briefly rising by 3.7%, gold reaching a new high with a nearly 2% increase, palladium rising by over 4%, and copper experiencing its largest two-month increase.
[Brokerage Focus] ICBC International: China's internet profitability continues to improve, and Tencent (00700) is the preferred choice.
Golden Financial News | CICC releases a report on China's internet industry, most of the internet companies covered by the bank have announced better-than-expected earnings for the second quarter of 2024, although revenues were only in line with or below expectations. The only exception is Meituan (03690), which has exceeded expectations in both revenue and profits. The bank observes that due to macro uncertainties and low consumer confidence, the revenue growth of most companies has slowed down. On the other hand, profit margins continue to improve due to the following factors: 1) continuous cost optimization and efficiency improvement; 2) revenue structure transformation; 3) improved competitive landscape. Except for PDD Holdings, most public
Is the Mid-Autumn Festival tourism market not booming? The prices of airfare and hotels are the same as the off-season, and long-distance outbound tours during the National Day holiday are still popular.
From the perspective of OTA platforms and travel agencies, the prices of air tickets, hotels, and travel products during the Mid-Autumn Festival holiday this year are basically the same as usual. Long-haul outbound tours during the National Day holiday are still popular, with popular products from travel agencies such as Chunqiu Travel and utour group selling out.
US stocks closed with mixed performance for the three major indexes. Tesla rose more than 9% over the past two days, while NIO soared 14% after its performance announcement.
Before the non-farm data, there is new evidence of the cooling of the US job market, and economic concerns support a substantial rate cut bet. The yield curve of the 2-year/10-year US Treasury bonds, which briefly inverted for the third time in two years. The S&P 500 fell for the third consecutive day, with Broadcom falling more than 4% after hours, Tesla rising nearly 5%, and Nvidia and Chinese concept stocks rising nearly 1%. The yen reached a one-month high, and the offshore renminbi rose by 300 points to break 7.09 yuan. Gold rose briefly by 1%, and oil prices rose more than 2% before falling. US oil fell below $70 for the first time in 15 months over two days.
Trip.Biz Debuts New Product Matrix To Transform Business Travel From Start To End
Jewel Changi Airport Forges 3-year Partnership With Trip.com to Boost Tourism
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