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Real-time News
Nomura: Lowered its target price for XPeng Motors (09868.HK) from HK$113.00 to HK$94.00.March 23rd Futures News: On March 23rd, the Shanghai Futures Exchanges energy and chemical warehouse receipts and changes are as follows: 1. Pulp futures warehouse receipts: 165,075 tons, unchanged from the previous trading day; 2. Pulp futures mill warehouse receipts: 17,000 tons, unchanged from the previous trading day; 3. Offset paper futures warehouse receipts: 360 tons, unchanged from the previous trading day; 4. Offset paper futures mill warehouse receipts: 4,160 tons, unchanged from the previous trading day; 5. Fuel oil futures warehouse receipts: 0 tons, unchanged from the previous trading day. 6. Petroleum asphalt futures warehouse receipts: 36,100 tons, unchanged from the previous trading day; 7. Petroleum asphalt futures factory warehouse receipts: 52,020 tons, a decrease of 5,860 tons from the previous trading day; 8. Medium-sulfur crude oil futures warehouse receipts: 3,511,000 barrels, unchanged from the previous trading day; 9. Low-sulfur fuel oil futures warehouse receipts: 37,010 tons, a decrease of 6,110 tons from the previous trading day; 10. Low-sulfur fuel oil futures factory warehouse receipts: 0 tons, unchanged from the previous trading day.On March 23, Goldman Sachs now expects the European Central Bank (ECB) to raise interest rates by 25 basis points each in April and June 2026, up from its previous forecast of unchanged rates this year. This adjustment aligns with the forecasts made last week by JPMorgan Chase and Barclays, both of which also anticipated ECB action in April. Goldman Sachs points out that conflicts in the Middle East pose inflationary risks, while rising energy prices are a major concern.Macquarie downgraded XPeng Motors rating from Outperform to Neutral. It lowered its target price for XPeng Motors (XPEV.N) from $24 to $19. It also lowered its target price for XPeng Motors (09868.HK) from HK$93 to HK$73.On March 23, at a press conference held by the State Council Information Office, the State Intellectual Property Office announced that since the implementation of the special action plan for patent transformation and utilization in 2023, there have been 1.458 million patent transfer and licensing registrations nationwide, a year-on-year increase of 48%, with universities and research institutions seeing a 105.6% increase. By 2025, the total transaction value of technology contracts involving patents nationwide will reach 1.18 trillion yuan, a year-on-year increase of 18.8%. A number of key core technology patents have been deployed in future industries such as quantum technology, biomanufacturing, brain-computer interfaces, and 6G communication, laying a more solid foundation for efficient patent transformation and utilization.
