EUR/USD
1.16536
-0.048%
Gold
4463.46
-0.322%
Oil
57.995
-0.438%
USD/JPY
157.291
0.275%
GBP/USD
1.34354
-0.036%
GBP/JPY
211.331
0.253%
Real-time News
January 9th, Futures News: Economies.com analysts latest view: Brent crude oil futures prices fluctuated downwards in the recent intraday trading, attempting to retrace previous gains and escape the clearly overbought conditions indicated by the Relative Strength Index (RSI). Especially with the appearance of a negative crossover, the price broke below the major downtrend line in the short term while trading above the 50-day moving average, representing dynamic pressure and increasing the likelihood of a continuation of the upward trend in the short term.On January 9th, Citigroup issued a report initiating a 30-day positive catalyst watch for Lao Pu Gold (06181.HK), maintaining a "Buy" rating with a target price of HK$1,119. Based on the demand recovery and improved gross margin observed during the New Years holiday, the bank is more confident in Lao Pus outlook for this year. Citigroup expects consumers to have already digested product price increases, supported by widespread price adjustments across the industry and the rebound in gold prices since December. The report states that promotions during the long holiday also stimulated the demand recovery. The bank expects strong demand to continue into the Lunar New Year holiday. Citigroup notes that Lao Pus gross margin has recovered to over 40% since the end of November last year, and further price increases are expected after the Lunar New Year, with high profitability expected to continue this year.On January 9th, Nomura analysts stated in a research report that Asian economies are benefiting from rising demand for artificial intelligence (AI). As a global manufacturing hub, Asia is benefiting from growth in exports, investment, and consumption, while the US primarily benefits from investment. Within Asia, South Korea is the biggest beneficiary due to its leading position in the memory chip market. Chinas AI ecosystem is relatively self-contained, but rising investment in AI, the localization of server manufacturing and network equipment, and the advancement of data center construction are all supporting its economy. Southeast Asian countries such as Singapore, Malaysia, and Vietnam are also accumulating benefits from their roles in AI chip packaging and data center ecosystems.The Boeing 737 MAX 10 has entered the next phase of flight testing by the U.S. Federal Aviation Administration (FAA).January 9th - Hong Kong stocks closed at midday with the Hang Seng Index up 0.03% and the Hang Seng Tech Index down 0.06%. On the sector front, rare earth concepts, commercial aerospace, and gold sectors led the gains, while semiconductors, sporting goods, batteries, and mainland property stocks led the declines. Asia Pacific Satellite (01045.HK) surged over 15%, Lens Technology (06613.HK) rose over 10%, Jinli Permanent Magnet (06680.HK) climbed over 7%, and Shandong Gold (01787.HK) gained over 6%. Sunac China (01918.HK) and Brainhole Technology (02203.HK) fell over 4%, and Xinyi Solar (00968.HK) dropped over 3%. MiniMax (00100.HK) surged 78% on its first day of trading.
