OPEC has cut its oil demand forecast for the fifth consecutive month, with the largest reduction to date.
OPEC has lowered its forecast for Consumer growth in 2024 by 0.21 million barrels per day to 1.6 million barrels per day. Since July, OPEC has reduced its forecast by 27%. Analysts believe that OPEC's forecast still exceeds the general market expectations and there is a gap with this year's actual Consumer data.
Aim for 30 million vehicles for the whole year, with RBOB Gasoline vehicles experiencing a "four consecutive months increase". The China Association of Automobile Manufacturers calls for early implementation of consumer promotion policies next year.
1. The domestic sales of traditional fuel Passenger Vehicles reached 1.21 million units, a decrease of 0.105 million units compared to the same period last year, with a month-on-month growth of 16.2% and a year-on-year decline of 8%. 2. Chen Shihua, deputy secretary-general of the China Automobile Industry Association, urged that relevant policies to promote Consumer spending on Autos continue next year and be implemented as soon as possible.
Futu Morning Report | Focus on tonight's CPI report! It may become a key factor affecting next week's interest rate decision; Google surged more than 5%! Its quantum chip drove all Concept stocks to soar, with RGTI rising over 45%.
How much computing power does the agent need? Barclays: over 70% of total computing demand, with expenditures amounting to 300 billion; stock prices surged nearly 18%! Reports suggest that USA pharmacy giant Walgreens is in talks with private equity firms for a sale; Bitcoin briefly fell below 95,000 USD! Microsoft Shareholders voted against the Bitcoin investment proposal, stating that returns cannot be guaranteed.
What other policies are needed to "stabilize the real estate market"? Frontline: Early repayment of loans has decreased somewhat but remains high. Industry insiders: Further interest rate cuts are still needed.
Against the backdrop of adjustments in the interest rates for existing home loans, some analyses suggest that the scale of early repayments has slowed down.
The mid-term dividends of China CITIC Bank Corporation and Xiamen Bank Co.,Ltd. will be distributed this week. The number of banks that have announced dividend plans has increased to 21, and there is still a "red envelope" of 233.4 billion on the way.
① As listed Banks increase dividend frequency through mid-term dividends, investors can enhance their reinvestment opportunities. ② At the same time, the sustainability of Banks' dividends is strengthened, sending a positive signal to the market, which is expected to boost confidence in Banks' capital management abilities and financial health.
Midday crude oil analysis: How is the price trend of Brent crude oil under the condition of oversupply?
Despite the ongoing geopolitical tensions, analysts have further lowered their price forecasts for 2025 due to the expectation of a supply surplus next year.