Goldman Sachs(US:GS) Zheng Quan Shi Bao·2025-08-28 22:39Group 1: Oil Price Forecast - Goldman Sachs predicts that oil prices may drop to $50 per barrel by the end of 2026 due to increasing oversupply in the oil market [1][3] - The report indicates that global oil inventories could rise by nearly 800 million barrels by the end of 2026, with a daily oversupply of 1.8 million barrels expected from Q4 2025 to Q4 2026 [3] Group 2: Impact on U.S. Federal Reserve - The decline in oil prices is expected to significantly lower the energy component of the U.S. Consumer Price Index (CPI), potentially accelerating the Federal Reserve's interest rate cuts [1][5] - Concerns about the independence of the Federal Reserve are growing, with implications for the U.S. dollar's value and broader economic stability [4][6] Group 3: Hong Kong Stock Market Dynamics - There is an acceleration of southbound capital inflows into Hong Kong stocks, with record net purchases observed in recent days, indicating a strong interest in the market [7][9] - The easing liquidity conditions in Hong Kong, coupled with expectations of U.S. rate cuts, are likely to support the performance of Hong Kong stocks, particularly in technology and financial sectors [8][9]