Reserve Bank of Australia President Brock: The upward inflation risk under discussion has eased, but it has not disappeared. We need to see more progress in basic inflation.Reserve Bank of Australia: Considering the recent data, the Committee's assessment is that monetary policy is still restrictive and is working as expected. In the November forecast, the degree of relief of wage pressure exceeded expectations.The investment of Shanghai private equity venture capital industry in the first three quarters was 45.947 billion yuan, a year-on-year decrease of 50%. On December 10th, at the 17th Bund Finance Shanghai International Equity Investment Forum, the development report of Shanghai private equity venture capital industry in 2024 was officially released. According to the report, in the first three quarters of 2024, there were 327 investments in Shanghai private equity venture capital industry, a year-on-year decrease of 47%; The total investment was 45.947 billion yuan, a year-on-year decrease of 50%. All rounds of financing activities have decreased, especially the A+ round, B round, D round and private placement round. The report also shows that in the first three quarters of 2024, the total amount of investment subscribed by Shanghai LP was about 67 billion yuan, a year-on-year increase of 15.61%; A total of 301 LPs were invested, a year-on-year decrease of 50.25%.
Indian Rupee hit an all-time low, while Indian Rupee hit a low of 84.80 against the US dollar in early trading, surpassing the all-time low of 84.7575 hit last week. India's central bank may step in to support the rupee, and traders point out that state-owned banks have sold dollars.Reserve Bank of Australia President Brock: The change in wording of the central bank's monetary policy committee is intentional. Reserve Bank of Australia President Brock: The change in wording of the statement is intentional. The Committee noted that the data had weakened. Have more confidence in inflation. The Committee believes that the economic situation is basically in line with expectations. No need for two or more quarterly inflation data to change. Will pay attention to all data including employment.AUD/USD fell in the short term, and the intraday decline expanded to 0.8%, after the Reserve Bank of Australia announced its interest rate decision.
Altman, CEO of OpenAI: The demand for the AI video production model Sora is seriously underestimated. Sam Altman, CEO of OpenAI, posted on the social media platform X that it will take some time for everyone to use the artificial intelligence (AI) video production model Sora.India's SENSEX30 index opened 0.08% higher at 81,575.96 points. Among the constituent stocks, MAHINDRA & MAHINDRA opened 1.15% higher, ADANI PORTS rose 1%, and Indian State Grid rose 0.88%; In terms of decline, Maruti Suzuki opened 0.46% lower, Reliance Industries fell 0.4%, and TITAN fell 0.39%.Morgan Stanley published a research report, predicting that Chow Tai Fook's share price will outperform the market index in the same period in the next 30 days with a 70% to 80% chance, pointing out that Politburo meeting of the Chinese Communist Party revealed a strong stimulus policy tone yesterday, indicating that it is necessary to expand domestic demand, and called for supporting measures for housing and stock market stability, hoping for stable asset prices, which will have a positive impact on gold and jewelry consumption. The bank also pointed out that December of each year to February of the following year is usually the traditional peak season for jewelry sales, and Chow Tai Fook's share price has fallen by about 40% this year, which is inferior to the performance of MSCI China Index and Hang Seng Index in the same period. It is expected that the strength and implementation details of the central government's stimulus measures, the pace of inflation and the stability of gold prices in the future will affect whether the company's valuation can be revalued in the market and maintain its "in sync with the market" rating, with a target price of HK$ 8.3.
Strategy guide
Strategy guide
12-13
Strategy guide 12-13
Strategy guide 12-13
Strategy guide 12-13