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Real-time News
JD.com will hold an earnings call in ten minutes.On May 12th, ING strategists stated in a report that the rise in UK 2-year gilt yields was primarily due to political tensions and high oil prices, leading investors to increasingly doubt the Bank of Englands ability to cut interest rates in the coming years. They noted that this shift is also related to market expectations: if Starmer steps down, fiscal spending could expand and government debt could rise under a new prime minister, further pushing up interest rate expectations. Prime Minister Starmer is currently facing significant pressure to resign due to the Labour Partys poor performance in last weeks local elections. The UK money market is already pricing in two to three interest rate hikes in 2026 due to persistently high inflation.On May 12th, Anta Sports (02020.HK) announced on the Hong Kong Stock Exchange an adjustment to the conversion price of its €1.5 billion zero-coupon guaranteed convertible bonds maturing in 2029. In accordance with the terms and conditions of the bonds and due to the approval of a dividend by shareholders at the companys Annual General Meeting to be held on May 12, 2026, the conversion price will be adjusted from HK$101.13 to HK$99.80. The adjustment will take effect on May 19, 2026. Except for the adjustment, all other terms and conditions of the bonds remain unchanged.Futures News, May 12th: 1. Today, the spot price of Guangxi white sugar was 5406 yuan/ton, up 22 yuan/ton; Guangxi Sugar Groups quoted price range was 5400-5490 yuan/ton, up 20-30 yuan/ton; Yunnan Sugar Groups quoted price was 5210-5270 yuan/ton, up 20 yuan/ton; the mainstream quoted price range of sugar mills was 5800-5950 yuan/ton, with some up 20-60 yuan/ton. Both spot and futures prices strengthened, driven by the "buy high, sell low" mentality, leading to continued increased trading activity. 2. The US-Iran ceasefire agreement appeared somewhat fragile, with crude oil prices rising nearly 5% intraday, subsequently driving up international sugar prices. ICE raw sugar futures finally closed at 14.95 cents/lb, up 0.26 cents/lb. Current energy prices remain high, and with international sugar prices climbing again to around 15 cents/lb, the ethanol-to-sugar premium has somewhat declined. In the short term, attention should be paid to whether the latest sugar production ratio data for south-central Brazil will be adjusted. 3. Zhengzhou sugar futures contract SR2609 continued its range-bound consolidation in overnight trading. During the day, driven by the recovery in the commodity market, prices fluctuated upwards, breaking through the 5500 yuan/ton mark, before turning to range-bound trading, closing at 5504 yuan/ton, up 27 yuan/ton. Open interest increased by 8,700 lots during the day. The battle between bulls and bears continues, and Zhengzhou sugar futures prices are likely to maintain a range-bound trading pattern in the short term.On May 12th, Invesco Great Wall Global Semiconductor Chip Industry Equity Fund announced that its closing price on the secondary market was RMB 4.146, and its net asset value per unit was RMB 3.0160 as of May 8th, 2026. Investors are hereby solemnly reminded to pay close attention to the premium risk of secondary market trading prices and to make investment decisions prudently. Blind investment may result in significant losses. To protect investors interests, trading in this fund will be suspended from the opening of the market on May 13th, 2026, and will resume at 10:30 AM on May 13th, 2026. Redemption services will continue as usual during the suspension period.
