永安期货生猪周报-20251009

Market Performance - The Hang Seng Index closed down 0.48% at 26,829.46 points, with the Hang Seng Tech Index down 0.55% and the Hang Seng China Enterprises Index down 0.52%[1] - The total market turnover was HKD 173.8 billion[1] - In contrast, European indices closed higher, and the S&P 500 rose by 0.58% while the Nasdaq increased by 1.12%[1] Federal Reserve Insights - The Federal Reserve's meeting minutes indicated a cautious approach to interest rate cuts due to inflation concerns, with a majority of officials suggesting further easing may be appropriate this year[12] - The Federal Funds rate was lowered by 25 basis points to a range of 4% to 4.25%, marking the first cut of the year[12] Currency Movements - The Japanese yen reached an eight-month low against the US dollar, nearing the critical psychological level of 155[12] - Observers are considering the risk of intervention by Japanese authorities if the yen continues to weaken[12] Geopolitical Developments - Former President Trump announced that Israel and Hamas reached an agreement on the first phase of a peace plan, which includes the release of hostages and the withdrawal of Israeli troops[12] Corporate Actions - HSBC's CEO stated that a 30% premium for privatizing Hang Seng Bank is an attractive offer, emphasizing the potential for growth in Hong Kong[14] - Zijin Mining International exercised its over-allotment option, raising approximately RMB 3.747 billion through the issuance of additional shares[14]