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On May 6, Morgan Stanley published a research report stating that it believes that the share price of AIA (01299.HK) will have a 70% to 80% chance of rising in the next 30 days. The bank said that the groups first quarter performance was better than expected. Due to the expansion of annualized new premiums (APE) and improved profit margins, the group set a new quarterly performance record last year. At a constant exchange rate (CER), the value of new business (VNB) increased by 13%. Morgan Stanley believes that AIA will continue to provide overall healthy double-digit growth for the rest of the year, and the current valuation is still low, so it is quite attractive. It gives it a target price of HK$81 and a rating of overweight.Futures News on May 6: During the May Day holiday, due to the significant increase in production by OPEC+, the market was concerned about oversupply, which led to a weak decline in oil prices. In addition, the market is more concerned about the subsequent third quarter, because some countries that have reduced production have not complied with the production reduction regulations, which will prompt Saudi Arabia and other countries to continue to increase production, which will increase the decline in oil prices. Zhuochuang Information predicts that the next meeting will be in early June. Before that, it is necessary to pay attention to changes in inventory levels and maintain a weak market in the short term. After all, after the increase in production, the market lacks positive factors.Indonesia expects trade deal negotiations with the European Union to be completed in the first half of the year.Hong Kong-listed local consumer stocks continued to rise during the session, with Chow Tai Fook (01929.HK) up more than 6%, Chow Sang Sang (00116.HK) up 2.7%, Prada (01913.HK) up more than 2%, and Sa Sa International (00178.HK) up 1.6%.Shanjin International: The company is currently promoting the resumption of production at Huasheng Gold Mine. If the information disclosure standards are met, the company will make a timely announcement.

The BTC Fear & Greed Index Increases to 28/100. Despite NASDAQ Pressure

Daniel Rogers

Nov 28, 2022 14:40

截屏2022-11-28 下午2.34.32.png

 

Bitcoin (BTC) declined by 0.15% on Sunday. BTC concluded the day at $16,435 following a 0.36% decline on Saturday. Notably, Bitcoin's price remained above $16,000 for the fifth straight day while the losing skid reached four sessions.

 

BTC reached a daily high of $16,603 after a bullish start to the day. BTC reached a late-day low of $16,410 after failing to surpass the First Major Resistance Level (R1) at $16,642. BTC ended the day at $16,435, avoiding the First Major Support Level (S1) at $16,335, albeit avoiding it.

 

You should only trade with capital that you can afford to lose while trading derivatives. The trading of derivatives may not be suitable for all investors; thus, you should ensure that you fully comprehend the risks involved and, if necessary, seek independent counsel. Before entering into a transaction with us, a Product Disclosure Statement (PDS) can be received through this website or upon request from our offices and should be reviewed. Raw Spread accounts offer spreads as low as 0 pips and a commission rate of $3.50 per 100,000 USD traded. Spreads on standard accounts begin at 1 pip with no additional commission fees. CFD index spreads begin at 0.4 points. This information is not intended for inhabitants of any country or jurisdiction where distribution or use would violate local law or regulation.

 

Following the conclusion of the US Thanksgiving holiday, there were no crypto-related news headlines to provide guidance. The trading volume remained low, with investors presumably adopting a wait-and-see stance about FTX and more contagion.

 

In recent sessions, investor opinion regarding FTX contagion has improved, preventing a relapse to sub-$16,000. Bets on a Fed turnaround in December have also been beneficial, while regulatory risk will continue to be a drag for cryptocurrencies.

 

This week, it will be necessary to observe the bankruptcy processes of FTX. More assets to make creditors whole would be seen favorably by the market.

 

Currently, there are no US economic indicators that can influence the NASDAQ Composite Index, leaving it to Fed gossip. Today, FOMC member Williams will talk. Support for a 50-basis point rate hike would give support for the NASDAQ and BTC.

 

However, the NASDAQ mini opened the week in the red (-83 points), as concerns over a new wave of COVID-19 cases in China weighed on investor sentiment.


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