EUR/USD
1.17008
0.109%
Gold
4471.84
-0.509%
Oil
56.246
-1.010%
USD/JPY
156.532
-0.086%
GBP/USD
1.35141
0.094%
GBP/JPY
211.542
0.071%
Real-time News
January 7th, Futures News: Economies.com analysts latest view: WTI crude oil futures have fallen sharply in recent intraday trading, influenced by the negative pressure of the EMA50, indicating weak momentum and currently imposing clear limitations on any bullish rebound attempts. Although oversold levels have been reached, the Relative Strength Index (RSI) is also sending negative signals, indicating that selling pressure remains dominant under the prevailing short-term bearish trend, foreshadowing technical signals that could threaten future profit-taking attempts.On January 7th, the Shanghai Composite Index fluctuated narrowly in the morning, while the ChiNext Index rose and then fell back. By midday close, the Shanghai Composite Index was up 0.29%, approaching 4100 points, the Shenzhen Component Index was up 0.35%, and the ChiNext Index was up 0.41%. The combined turnover of the Shanghai and Shenzhen stock exchanges reached 1.84 trillion yuan in the morning session, an increase of 53.8 billion yuan compared to the previous trading day. Across the board, over 2500 stocks rose. The memory chip sector saw a major surge, with multiple stocks, including Nanda Optoelectronics and Hengkun New Materials, hitting their daily limit. The semiconductor sector strengthened, with Xinyuan Microelectronics and Hengkun New Materials hitting their 20% daily limit. Rare earth permanent magnet concepts were active, with China Rare Earth, Tongcheng New Materials, and GEM hitting their daily limit. In addition, minor metals, coal, energy metals, tourism and hotels, insurance, and lithography machine concepts were among the top gainers; while mining, shipbuilding, aerospace, beauty and personal care, petroleum, titanium dioxide, and digital currency concepts were among the top losers.The China Earthquake Networks Center officially measured a 6.2-magnitude earthquake in the Philippine archipelago at 11:02 a.m. on January 7, with a focal depth of 10 kilometers.On January 7th, DBS issued a research report raising its target price for China Taiping (00966.HK) from HK$23 to HK$25, maintaining a "Buy" rating. The report noted that 2025 is a transitional year for China Taiping. Currently, over 90% of the companys new business is insurance policies, and its investment strategy has shifted from high-yield to a barbell strategy. With the adjustment largely completed by 2025, management is optimistic about growth in fiscal year 2026. Regarding dividends, the company is focusing on dividend growth to enhance its core solvency.On January 7th, UOB Kay Hian issued a report raising its target price for Baidu (09888.HK) by 9.9%, from HK$151 to HK$166, while also raising its target price for its US-listed shares and maintaining a "Buy" rating. The bank is optimistic about Baidus proposed spin-off of Kunlun Core for a Hong Kong main board listing, believing it would help unlock Baidus financial value and enhance its AI ecosystem. Baidu announced earlier this month that it would spin off Kunlun Core, which, after listing, would remain a consolidated subsidiary of Baidu, with Baidu retaining a 59% stake. Based on these factors, the bank maintained its revenue forecasts for Baidu in the fourth quarter of 2025 and 2026, but lowered its adjusted net profit margin forecasts by 3% and 1%, respectively, projecting adjusted net profits of RMB 4.1 billion and RMB 19.1 billion.
