EUR/USD
1.15582
-0.256%
Gold
4721.58
1.567%
Oil
93.362
-0.934%
USD/JPY
158.362
0.405%
GBP/USD
1.34053
-0.186%
GBP/JPY
212.293
0.269%
Real-time News
On March 20th, Zhenro Properties (06158.HK) issued a profit warning, preliminarily estimating a net loss of RMB 1.7 billion to 1.8 billion for 2025. The net loss is primarily attributed to a decline in overall demand in the domestic real estate industry, leading to lower project selling prices and gross profit, as well as impairment provisions related to properties under development, completed properties held for sale, other assets, and financial assets; increased uncapitalized financing interest; and a decrease in the fair value of investment properties. The expected increase in losses is mainly due to a decrease in gross profit and an increase in impairment provisions compared to 2024.According to Iranian media reports, multiple attacks have occurred in Tehran, Arak, Karaj, and other regions.On March 20th, it was reported that on March 19th, US Defense Secretary Hergsays and Chairman of the Joint Chiefs of Staff Dan Kane held a press conference regarding the action against Iran. During the conference, Hergsays harshly criticized some US media outlets and European allies, calling the US media "gloomy about the war," accusing European allies of being "ungrateful," and claiming that the whole world should say "thank you" to US President Trump.Jefferies: Lowered its price target for Alibaba (BABA.N) from $225 to $212.On March 20th, Maybank analysts stated that a similar energy crisis to 2022 appears to be troubling central bank policy decisions once again. The consequences of the Iran war mirrored those of the Russia-Ukraine conflict, leading to a sharp rise in energy prices. A series of central bank decisions this week indicate that policymakers are closely monitoring the current situation. Gold and silver prices fell sharply as most major central banks, including the Reserve Bank of Australia and the Federal Reserve, adopted a more hawkish stance. With central banks acting ahead of the yield curve this time, we may be witnessing another round of positioning adjustments. Many central banks were criticized in 2022 for maintaining overly loose policies for too long based on the expectation that the energy shock would be temporary. This time, central banks are taking a more preemptive approach.
