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On March 24th, Deutsche Bank analyst Han Zhang stated in a report that the upward trend in China Resources Beers (00291.HK) recurring operating profit margin is likely to continue into 2026, supported by operating leverage. Following a strong sales start in the first two months of 2026, the bank raised its average EBITDA forecasts for 2026-2028 by approximately 3%. The bank raised its target price for China Resources Beer from HK$37.3 to HK$39, while maintaining a buy rating. The companys share price rose 4.25% to HK$25.04.On March 24th, it was learned from industry sources that the Securities Association of China (SAC) has recently studied and revised the "Special Evaluation Method for Securities Companies to Do a Good Job in the Five Major Tasks of Finance (Trial Implementation)" and has begun to solicit opinions from the industry. Multiple industry insiders revealed that this revision is not a simple adjustment, but rather closely aligns with the new requirements for the financial industry put forward by economic and social development during the "15th Five-Year Plan" period. The core purpose of the revision is to better adapt to the actual needs of differentiated operation and characteristic development of the industry, continuously improve the quality and efficiency of serving the "five major tasks" of finance, and promote the high-quality development of the industry. Based on summarizing the experience of the previous trial evaluation, the SAC has further revised and improved the "Evaluation Method." The draft for comments shows that the revision maintains the stability of the overall framework and does not make major adjustments to the existing evaluation indicator system, but focuses on strengthening overall coordination and deleting some duplicate bonus indicators. The revision direction is clear and focused on goal orientation, closely aligning with the strategic needs of high-quality economic and social development during the "15th Five-Year Plan" period. It aims to promote the concentration of industry resources towards major strategies, key areas, and weak links such as technological innovation, advanced manufacturing, green and low-carbon development, and inclusive livelihood, thereby more effectively leveraging the incentive and guiding role of the evaluation.The Hang Seng Tech Index in Hong Kong fell sharply, now down 0.02%, after rising more than 1.3% earlier. The Hang Seng Indexs gains have narrowed to less than 1%.South Koreas Energy Minister: Plans to ask 50 key oil users to reduce their consumption.South Koreas Energy Minister: In the long run, we will reduce our dependence on liquefied natural gas by increasing the supply of renewable energy.

BTC Fear & Greed Index Signals Steady Session Despite Bearish Mood

Skylar Shaw

Dec 29, 2022 14:15

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0.97% less bitcoin (BTC) was traded on Wednesday. BTC finished the day at $16,558 after losing 1.33% on Tuesday. Notably, BTC fell below $16,500 for the first time in eight sessions while failing to reach $17,000 for the eighth straight session.


After a rocky morning, BTC increased to a high of $16,797 in the middle of the afternoon before going backward. BTC declined to a late low of $16,444 after falling short of the First Major Resistance Level (R1) at $16,932. At $16,562, BTC breached the First Major Support Level (S1) before closing the day at $16,558.

Recession and the Fed Geopolitics and phobias transacts in NASDAQ and BTC South

Investor mood was negatively impacted by Russia's embargo on oil shipments to nations with price ceilings and China's continued relaxation of COVID-19 restrictions. The possibility of a hard landing is increased by worries that a spike in raw material demand would drive up commodity prices and force the Fed to continue raising interest rates.


A sharp increase in new COVID-19 cases throughout China, however, was equally unfavorable. The possibility of further COVID-19 versions and yet another global border closure increased the pessimistic feeling. Governments are placing restrictions on visitors from China in response to the most recent COVID-19 revelations.


Riskier assets suffered losses of 1.35% and 1.20% on the NASDAQ Index and S&P 500, respectively, as a result of the adverse attitude.


The US economic calendar is quite quiet today. However, curiosity will be piqued by US unemployment claims data. Better-than-expected results would encourage the Fed hawks given the US unemployment rate of 3.7% and the Fed's aggressive interest rate trajectory.


Investors should also keep an eye on any FOMC member discussion and the cryptocurrency news wires. Talk of the hawks would exacerbate the negative feeling. BTC is most likely to follow the NASDAQ Index throughout the afternoon session, barring any significant crypto happenings. This morning, early support came from the NASDAQ mini, which was up 18 points.


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