EUR/USD 1.16367
0.026%
Gold 4164.40
-0.165%
Oil 59.314
1.312%
USD/JPY 154.589
0.043%
GBP/USD 1.31422
-0.371%
GBP/JPY 203.165
-0.308%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On November 14th, a Citi research report indicated that JD Logistics (02618.HK) outperformed expectations in Q3 revenue, with adjusted earnings meeting market expectations. However, gross margin and adjusted operating profit margin fell short of the banks expectations, primarily due to weak performance from its subsidiary, Deppon Logistics, facing increased competition and business restructuring. Excluding the newly merged food delivery business, the bank believes the companys Integrated Supply Chain (ISC) revenue momentum remained robust in Q3. Looking ahead to Q4, while the home appliance category will face challenges from a high base, its contribution to overall business volume is relatively limited. The bank expects JD Logistics ISC business momentum to continue, with profit margins expected to gradually recover during the peak season. As for 2026, the bank believes that after completing its capacity investment, organic growth can still reach ideal levels, and profit margins excluding Deppon Logistics are also expected to improve with increased utilization. The target price of HK$18 is maintained, with a "Buy" rating.On November 14th, the State Administration for Market Regulation drafted the "Regulations on E-commerce Platforms Assisting in the Investigation and Handling of Trademark Infringement Cases (Draft for Public Comment)," soliciting public opinions. The draft clarifies specific measures for e-commerce platform operators to assist market regulators in investigating and handling trademark infringement cases, mainly in four aspects: First, if there is preliminary evidence proving the existence of trademark infringement, the market regulator can notify the e-commerce platform operator, informing them to take intellectual property protection measures in accordance with the law. Second, if the address information of the online store operator is inaccurate and cannot be contacted, the market regulator should notify the e-commerce platform operator. Third, for cases involving multiple regions, the draft stipulates the jurisdiction and cooperation requirements of local market regulators. Fourth, it emphasizes that if an e-commerce platform operator violates relevant regulations and constitutes providing convenience for others to infringe on their trademark rights, the market regulator will investigate and handle the matter according to law.British maritime safety firm Ambrey reports that a Marshall Islands-flagged oil tanker was observed to suddenly change course while sailing in the Gulf of Oman near Horfalqan, United Arab Emirates. The vessel was en route from Ajman, UAE to Singapore and was approached by three small boats while transiting the Strait of Hormuz southward.On November 14th, executives of Dongxin Technology stated at the Q3 2025 earnings conference that the company is focusing on storage and expanding its technology layout into the integrated "storage, computing, and connectivity" field. The investment in Lisuan Technology is an important measure of the companys above-mentioned strategy. Currently, Lisuan Technology is carrying out customer sampling, testing and optimization, product production and market promotion around its first graphics rendering GPU chip "7G100". The relevant work is progressing normally.Market news: BlackRock will pay up to €2 billion to ACS to form a data center joint venture.

S&P 500 Index, NASDAQ Composite Attempting to Recover from Knee-jerk Reaction to Hot Labor Market Report

Florala Chen

Dec 05, 2022 15:43



As traders attempt to recover earlier losses, the tech-heavy NASDAQ Composite and the benchmark S&P 500 Index are down late in trading on Friday but still much above their intraday lows.


As investors changed their bets in anticipation of a more hawkish-than-expected Federal Reserve response to a positive U.S. job market report, U.S. stocks declined and U.S. Treasury yields increased.


The November Non-Farm Payrolls report, which showed employers increasing wages amid worries of a recession and hiring more people than anticipated in November, is the driving force behind the price movement.


The blue-chip Dow Jones Industrial Average is currently trading at 34294.50, down 100.51 or -0.29%, at 19:00 GMT. The NASDAQ Composite Index is trading at 11394.84, down 87.61 or -0.76%, and the S&P 500 Index is at 4054.08, down 22.49 or -0.55%.

Jobs Hotter Than Expected Report

In contrast to economists' predictions of 200,000 jobs, the U.S. Labor Department reported that nonfarm payrolls expanded by 263,000 jobs last month. Additionally, average hourly wages rose by 0.6% from 0.5% in October. Traders have a 0.3% increase factored in. The Unemployment Rate, the report's lone positive point, remained constant at 3.7% even though the Fed would have preferred an increase.


According to the data, employers appear unconcerned about rising interest rates. They must first believe they need the people, and they must also be sure they can turn a profit even in an environment with rising interest rates.

Leading the Job Gains Were the Leisure and Hospitality Sectors

According to the report's internal statistics, the industry that added the most jobs, 88,000, was leisure and hospitality. Since consumers are traveling and dining out after being quarantined due to the pandemic, this is not really surprising.


Surprisingly, the building sector generated 20,000 jobs as well, despite the housing sector suffering from four straight rate rises of 0.75 percentage points.

Suggestion