Real-time News

On May 11th, Goldman Sachs issued a research report stating that Lao Pu Gold (06181.HK) has seen its share price correct 18% since March, and considers its risk-reward ratio attractive. The report points out that despite recent gold price volatility, brand momentum and continued customer acquisition should support growth. The bank noted that performance during the May Day holiday met management expectations, with gross margin currently above 45%, which is expected to contribute to an upward trend in second-quarter net profit margin. Management plans to upgrade 8 to 12 stores in mainland China this year and open 5 to 6 new stores outside mainland China. Goldman Sachs expects consumer sentiment to gradually recover if gold prices stabilize. The bank maintains its "Buy" rating on Lao Pu Gold with a 12-month target price of HK$1108.

On May 11th, BOC International issued a research report, initiating coverage of Biren Technology (06082.HK). The report points out that as a leading domestic GPGPU manufacturer, the company will fully benefit from the exponential growth in China's AI computing power demand. In addition to its technological leadership from chip to system level, the bank believes that Biren Technology's deep integration with the domestic supply chain provides it with a key competitive advantage over its peers. The bank forecasts that Biren Technology will achieve a CAGR of 137% in revenue between 2025 and 2028, and expects it to achieve break-even in 2027, mainly due to the commercialization of its next-generation products in the second half of 2026. BOC International initiated coverage with a "Buy" rating and a target price of HK$74.43, based on a 20x 2027 expected price-to-sales ratio.

ECB Governing Council member Koch said: "The ECB's objective is clear: to keep inflation at 2% over the medium term. The Governing Council will take all necessary measures to achieve this goal."

ECB Governing Council member Koch said that medium- and long-term inflation expectations are more important for interest rate decisions; although there have been no major changes in these expectations so far, there are some initial signs that they have changed.

Japan's Ministry of Economy, Trade and Industry: This will be the first oil tanker carrying Central Asian crude oil to sail to Japan since the outbreak of the Iran-Iraq War.

ECB Governing Council member Koch said it would be irresponsible to make a commitment five weeks in advance.

The Japanese government said a tanker carrying Azerbaijani crude oil bound for Japanese oil company Eneos will arrive in Japan on Tuesday.

ECB Governing Council member Koch said the ECB will remain vigilant and will take timely and decisive action if necessary.

ECB Governing Council member Koch said: (The pause in interest rate hikes) does not mean that we should wait a long time before raising interest rates if the situation of energy prices does not improve rapidly and significantly.

May 11th, Futures News: Economies.com analysts' latest view: Spot gold prices have retreated in recent intraday trading, mainly due to a negative signal from the Relative Strength Index (RSI) after reaching overbought levels. This movement is seen as a short-term technical correction designed to ease buying pressure and build new momentum for further gains. Despite the price pullback, the short-term bullish correction trend remains dominant. Spot gold prices are trading along a support trendline, reflecting strong support from the positive technical structure. Meanwhile, the 50-day moving average (EMA50) continues to provide dynamic support, with spot gold prices remaining above it, further increasing the likelihood of a price rebound and further upward movement.

May 11 – South Korea's booming chip industry is expected to boost its trade surplus and pressure its central bank to raise interest rates later this year. This is the forecast of a team led by Goldman Sachs economist Tilton, who now expects South Korea to raise interest rates by 25 basis points twice, in the third and fourth quarters. They wrote that South Korea's AI-related exports could triple this year, reaching nearly 30% of GDP. Meanwhile, non-technology exports are likely to remain sluggish due to regional oversupply and energy shocks. The report stated, "The K-shaped cycle suggests that targeted, prudent fiscal policy is necessary. With a significant increase in AI-driven exports, the currency should appreciate."

ECB Governing Council member Koch said that although the economy and labor market remain resilient, the risk of stagflation cannot be ruled out.

ECB Governing Council member Koch said the decision to remain on the sidelines in April was reasonable.

May 11th, Futures News: Economies.com analysts' latest view: WTI crude oil futures prices surged in recent intraday trading, supported by positive technical signals from the Relative Strength Index (RSI) reaching oversold levels. This rise reflects an attempt to recover some of the previous losses after experiencing strong selling pressure. This rebound is a bullish correction within a broader short-term downtrend. However, with prices still trading below the 50-day EMA, bearish pressure remains, maintaining a bearish outlook and threatening the sustainability of the current rebound unless prices break through key resistance levels.

May 11th, Futures News: Economies.com analysts' latest view: Brent crude oil futures have risen sharply in recent intraday trading, with the Relative Strength Index (RSI) showing positive signals. The current price is retesting the resistance level of $102.90. This rally aims to recover some of the previous losses, although it remains under a clear short-term downtrend correction, and dynamic negative pressure persists, as evidenced by the price still trading below the 50-day EMA, which reduces the likelihood of a full rebound in the near future.

ECB Governing Council member Koch said the duration of the conflict will be the decisive factor.

European Central Bank Governing Council member Koch said the economic recovery is currently facing risks, and inflation risks have increased due to the conflict in the Middle East.

Bank of America Global Research: The Federal Reserve is expected to cut interest rates by 25 basis points each in July and September 2027, compared with previous forecasts of September and October 2026.