EUR/USD
1.16528
-0.067%
Gold
3524.07
-0.985%
Oil
63.348
-0.279%
USD/JPY
148.153
0.034%
GBP/USD
1.34283
-0.129%
GBP/JPY
198.949
-0.088%
Real-time News
On September 4, JPMorgan analyst Patrick Jones said that the Federal Reserves interest rate cuts that meet or exceed expectations should prompt further inflows into gold ETFs, pushing gold prices to around $3,675 per ounce by the end of the year. On this basis, gold prices should reach $4,000 in the second quarter of next year and are expected to soar to $4,250 by the end of 2026, especially if the Trump administrations attempt to remove Federal Reserve Governor Cook is successful.Mark Cabana, head of interest rate strategy at Bank of America, said the Fed is likely to cut interest rates to at least 3%. The market is underestimating the range of potential outcomes where the Fed could cut interest rates below 3%.On September 4th, Bocom International issued a report, raising its target price for NIO (09866.HK) in Hong Kong to HK$62.7 and maintaining a "buy" rating. NIOs revenue for the second quarter of 2025 was approximately RMB 19.01 billion, a 9% year-on-year increase and a 57.9% quarter-on-quarter increase. Automotive revenue was approximately RMB 16.3 billion, in line with market expectations. The company provided optimistic guidance for the third quarter, projecting deliveries of 87,000–91,000 vehicles and record-breaking revenue of RMB 21.8–22.9 billion, primarily driven by strong sales of the new L90. Looking ahead to the fourth quarter, NIO aims to achieve combined monthly sales of approximately 50,000 vehicles for NIO and Ledao, with a combined gross profit margin of 17%–18%. The bank raised its 2025 sales forecast for NIO to 340,000 vehicles and revenue by 17.5% to RMB 99.5 billion, primarily reflecting strong sales expectations for the L90 and ES8. The market believes the focus will be on the sustainability of marginal improvements, whether cost reductions will meet market expectations, and whether the company will achieve profitability in the fourth quarter. The bank believes that the sales recovery will boost market confidence and be conducive to the subsequent release of new cars and subsequent financing.Didi Chuxing (02559.HK), a Hong Kong-listed company, rose nearly 14%. Didi Chuxing announced new business developments on its 11th anniversary: the number of registered users increased to 395 million, and the number of certified car owners exceeded 19.9 million.Hong Kong-listed auto dealers fell collectively, with Harmony Auto (03836.HK) down more than 13%, Zhongsheng Holdings (00881.HK) down more than 6%, and Yongda Automobile (03669.HK) down more than 3%.
