Central Bank Gold Purchases - Global central banks' net gold purchases surged from 3 tons in March to 33 tons in April, indicating strong demand despite high gold prices[3] - Total gold purchases by central banks decreased from 39 tons in March to 36 tons in April, while total sales dropped sharply from 36 tons to 3 tons[3] Market Trends - Turkey, China, India, and Kazakhstan are the largest net buyers of gold among central banks this year[3] - The report highlights the resilience of gold demand in the face of fluctuating prices, suggesting a continued interest in gold as a safe-haven asset[3] Economic Indicators - The Caixin China Composite PMI for May was reported at 52.8, indicating expansion in the economy[9] - The ADP employment change in the U.S. for May was 152k, below the expected 175k, reflecting a slower job growth[9] Semiconductor Market - The World Semiconductor Trade Statistics (WSTS) revised its global semiconductor market growth forecast to 16% for this year, reaching $611 billion[23] - Significant growth is expected in the Americas and Asia-Pacific regions, with increases of 25.1% and 17.5% respectively[23] Commodity Prices - China's commodity price index rose for the third consecutive month, reaching 118.9 points in May, with a month-on-month increase of 3%[24] - The report indicates a broad recovery in various sectors, including metals and energy, contributing to the overall economic stability[24]

免责声明 . 今年首四个月中国制电动车在欧洲注册量 增长23% 每天导读 各股市走势图 恒指走势图 国指走势图 14,000 15,000 16,000 17,000 18,000 19,000 20,000 21,000 22,000 06/2307/2308/2309/2310/2311/2312/2301/2402/2403/2404/2405/24 4,500 5,000 5,500 6,000 6,500 7,000 7,500 06/2307/2308/2309/2310/2311/2312/2301/2402/2403/2404/2405/24 股市短評 昨天美国股市三大指数均上升，其中道指升幅较大。美国4月职位空缺数降至2021年2月以来最低水平，职位空缺与 失业人数比也创下近三年来最低位，反映劳动力市场正逐步降温。昨天欧洲三大股市均下跌其中DAX指数跌幅较大。 据悉欧洲央行或将要求德国一些银行增加商业地产贷款拨备。昨天恒指及国指均上升，其中国指升幅较大。医药股 及内房股领涨恒指，市场对内地房地产市场担忧亦有所舒缓。昨天上证综指及深成指均上升，其中深成指升幅较大 。沪深300指数各行业指数中医 ...

Market Overview - The Hang Seng Index fluctuated between 16,044 and 19,706 from April to May 2024, indicating a price-to-earnings (P/E) ratio range of approximately 8.0 to 9.8 for 2024[5] - The average expected P/E ratio for the Hang Seng Index is around 9, suggesting a reasonable value of approximately 18,100[5] - The index has seen a cumulative increase of 9.3% since the end of Q1 2024 and a 6.1% rise in the first five months of the year[25] IPO Market - The number of IPOs increased from 3 in April to 6 in May 2024, but the total funds raised dropped from HK$3.1 billion to HK$1.7 billion[6] - In the first five months of 2024, 21 IPOs raised approximately HK$9.6 billion, averaging HK$460 million per IPO, compared to 25 IPOs raising HK$15.8 billion in the same period last year[6] Industrial Profit Trends - In April 2024, industrial profits grew by 4.0% year-on-year, recovering from a 3.5% decline in March[11] - The top three manufacturing sectors with the highest profit growth in the first four months of 2024 were computer and electronic equipment manufacturing (76%), non-ferrous metal smelting (57%), and automotive manufacturing (29%)[12] Economic Outlook - Major developed economies, including the US, Eurozone, UK, and Japan, showed improved economic prospects in Q2 2024 compared to Q1 2024, as indicated by rising composite PMI figures[22] - The Eurozone's composite PMI is expected to return to expansion territory after three consecutive quarters of contraction[22] Energy Sector Performance - The electricity, heat production, and supply sector saw profit growth of 44.1% in the first four months of 2024, following a 71.9% increase in 2023[53] - The increase in renewable energy sources, such as solar and wind, has contributed to the growth in electricity supply, with installed capacity rising by 14.5% in Q1 2024[55] Inflation and Monetary Policy - The US PCE inflation rate is being closely monitored, with April's figures expected to show persistent inflationary pressures, particularly in the services sector[44] - The Federal Reserve is cautious about lowering interest rates due to ongoing inflation pressures from services and rising energy costs[62]

| --- | --- | --- | --- | |--------------------------|-------------|------------|--------------| | 指数 | 收市 | 日比 (%) | 5 日 (%) | | 恒生 | 18821.16 | (0.03) | (2.08) | | H 股 | 6686.13 | (0.03) | (1.98) | | 红筹 | 3999.44 | (0.33) | (0.23) | | HSC 大型股 | 1724.47 | 0.02 | (1.92) | | HSC 中型股 | 3714.93 | (0.24) | (1.63) | | AH股溢价 | 135.36 | (0.30) | 0.21 | | 沪深300 | 3609.17 | (0.73) | (1.82) | | 富时中国A50 | 12600.32 | (0.45) | (1.73) | | 上证180 | 7941.19 | (0.41) | (1.41) | | 上证380 | 5300.64 | (0.89) | (2.16) | | 台北加权 | ...

Economic Indicators - The number of initial jobless claims in the US decreased to 220k for the week ending May 11, down by 10k from the previous week, aligning with market expectations of 220k[5] - The number of continuing jobless claims rose to 1794k for the week ending May 4, up from the previous value of 1781k[4] - The new housing starts in the US for April were reported at an annualized rate of 1360k, below the expected 1421k, reflecting a 5.7% increase from previous months[7] Manufacturing and Industrial Output - US industrial production remained flat in April, with manufacturing output declining by 0.3%, primarily due to a decrease in automotive production[6] - The April industrial output was revised down to a growth of 0.1% in March, indicating a stagnation in manufacturing momentum[6] Market Trends - The Hang Seng Index closed at 19376.53, reflecting a daily increase of 1.59% and a 5-day increase of 5.80%[16] - The H-share index rose by 1.93% to close at 6871.38, with a 5-day increase of 6.42%[16] - The A-share market showed positive trends, with the Shanghai Composite Index and Shenzhen Component Index both rising, particularly the Shenzhen Component Index[18] Regulatory Developments - The People's Bank of China announced the issuance of 500 billion RMB central bank bills in Hong Kong, indicating ongoing monetary policy adjustments[9] - New regulations on algorithmic trading in China will require investors to report account and trading information, effective from October 8[20]

Market Performance - The Hang Seng Index closed at 19,073.71, down 0.22% for the day but up 3.22% over the past five days[2] - The H-share index closed at 6,741.41, down 0.30% for the day and up 3.29% over the past five days[2] - The Shanghai Composite Index fell, while the Shenzhen Component Index saw a larger decline[18] Economic Indicators - The U.S. CPI month-on-month increased by 0.4% in April, marking the first cooling in six months[18] - U.S. retail sales month-on-month were flat at 0.0% in April, below the expected 0.4%[5] - Eurozone GDP growth for Q1 was reported at 0.3%, matching market expectations[5] Commodity Prices - NYMEX crude oil price was $78.92 per barrel, up 0.37% for the day but down 0.43% over the past five days[2] - Gold price was $2,395.20 per ounce, up 0.01% for the day and up 2.35% over the past five days[2] Currency Exchange Rates - The Hong Kong dollar to RMB exchange rate was 0.92, down 0.08% over the past five days[2] - The USD to RMB exchange rate was 7.21, down 0.16% over the past five days[2] Corporate News - Standard Chartered Hong Kong completed a proof-of-concept test for tokenized deposits with Mox Bank and Mastercard, marking a significant milestone in fintech innovation[33] - SoftBank reported a significant reduction in annual losses, with a net profit of 231.08 billion yen in Q4, driven by AI investments[33]