央视网消息：根据中国人民银行的公告，从8日起，个人住房公积金贷款利率正式下调0.25个百分点，此外，公开市场7天期逆回购操作利 率也下调0.1个百分点，预计将带动贷款市场报价利率（LPR）随之下行0.1个百分点。这将给房地产市场带来哪些影响？一起来看记者在北京 的采访。 在北京大兴区一个商品房项目，置业顾问正在给购房人付先生计算降息后房贷月供的变化。付先生之前看过一套110平方米左右的改善性 住房，总价大约在641万元左右，按照20%的首付计算，大约需要贷款513万元。 这个新房项目属于能耗较低的三星级绿色建筑，根据北京的政策，使用公积金贷款购买可将贷款额度上浮40万元。 多地加码住房公积金政策支持力度 激发楼市活力 北京住房公积金管理中心副主任李涛称："2025年5月8日以前发放的存量贷款利率从2026年1月1日起，按照新的政策利率进行执行，北京 公积中心将抓好存量政策的落实和增量政策的出台，进一步发挥住房公积金的作用。" 新闻链接：个人住房公积金贷款利率已处于历史最低位 这些年来，住房公积金政策一直在调整优化，目前，个人住房公积金贷款利率已处于历史最低位，一起通过一个短片来了解一下。 不只是贷款利率降低， ...

Market Insights - The Hong Kong Monetary Authority (HKMA) has maintained the base interest rate at 4.75%, indicating that the supply and demand for Hong Kong dollars and overall liquidity will continue to influence the Hong Kong interbank offered rate, particularly for short-term interest rates [1] - The HKMA's CEO, Eddie Yue, stated that to enhance defensive measures, the proportion of US dollar assets in the foreign exchange fund has been reduced from over 90% to approximately 79%, and the duration of US Treasury investments has been shortened [1] - The Bank of England has lowered its interest rate to 4.25%, with the monetary policy guidance remaining "gradual and cautious," reflecting differing opinions within the central bank regarding the extent of the rate cut [2] Economic Indicators - As of the end of April, South Korea's foreign exchange reserves have decreased to $404.67 billion, the lowest level in five years, although it is expected not to fall below the $400 billion mark [3] - Initial jobless claims in the US have decreased to 228,000, with continuing claims also showing a reduction, both exceeding market expectations [4] - The US first-quarter labor productivity has experienced its first decline since 2022, while unit labor costs have significantly increased [5] Global Market Dynamics - The Dow Jones Industrial Average rose by 0.62% to 41,368.45 points, the S&P 500 increased by 0.58% to 5,663.94 points, and the Nasdaq Composite climbed by 1.07% to 17,928.14 points [6] - COMEX gold futures fell by 2.40% to $3,310.40 per ounce, while COMEX silver futures decreased by 0.57% to $32.61 per ounce [7] - The main contract for US oil rose by 3.81% to $60.28 per barrel, and the main contract for Brent crude oil increased by 3.40% to $63.20 per barrel [8] Currency Movements - The US dollar index fell by 0.73% to 100.63, with the euro to dollar exchange rate down by 0.68% to 1.1226, and the British pound to dollar rate down by 0.34% to 1.3247 [9]

Orion S.A. (OEC) Q1 2025 Earnings Call May 08, 2025 08:30 AM ET Company Participants Christopher Kapsch - Vice President of Investor RelationsCorning Painter - CEOJeff Glajch - CFOJosh Spector - Executive DirectorDan Rizzo - Senior Vice PresidentJohn Roberts - Managing Director Conference Call Participants None - Analyst Operator everyone, and welcome to the Orion First Quarter twenty twenty five Earnings Results Conference Call. At this time, all participants are in a listen only mode. Later, there will be ...

英国央行宣布降息，马来西亚央行宣布降准。 据央视新闻消息，当地时间5月8日，英国中央银行英格兰银行（简称"英国央行"）宣布，将基准利率下 调25个基点，从4.5%降至4.25%。 货币政策委员会以5—2—2的票数通过利率决定（5名委员支持降息25个基点，2人支持降息50个基点，2 人主张利率不变）。 英国央行利率决议公布后，英镑兑美元短线走高逾80点；英国10年期国债收益率延续上涨势头，最新上 涨4.5个基点。 英国央行上调2025年经济增长预期，略微下调2026年预期，2027年预期保持不变。具体来看，英国央行 预测2025年GDP增长为1%，2月预测为0.75%；2026年为1.25%，2月预测为1.5%；2027年为1.5%，2月 预测为1.5%。 英国央行重申："货币政策将需要在足够长的时间内继续保持限制性，直到通胀在中期可持续地回归2% 目标的风险进一步消散。"英国央行表示，贸易关税上调意味着全球增长前景减弱，但对英国经济增长 和通胀的拖累可能较小。 英国央行行长贝利表示，需要坚持"循序渐进、谨慎"的做法。过去几周显示，世界经济形势难以预测。 通胀方面，英国央行预计2025年第三季度通胀率将达到3. ...

Core Viewpoint - The New Zealand wine brand Cloudy Bay, owned by LVMH, is adjusting its pricing strategy by reducing channel rebates to distributors, effectively leading to a price increase of 4.5% for its flagship Sauvignon Blanc wine, despite the official purchase price remaining unchanged at 231 RMB per bottle [1][2]. Group 1: Pricing Strategy - Cloudy Bay's Sauvignon Blanc will see a price increase of 9 RMB per bottle after the May holiday, translating to a 4.5% rise [1]. - The reduction in rebates from 50 RMB to 41 RMB per bottle is perceived as a covert price increase, as the official purchase price remains at 231 RMB [2]. - The historical pricing trend shows that the distributor price has been declining, with a peak of 250-260 RMB in 2022, dropping to a range of 240-250 RMB in 2023, and stabilizing around 235-240 RMB in 2024 [2][4]. Group 2: Market Dynamics - The reduction in channel rebates is attributed to an oversupply in the market and weak consumer demand, which necessitated a change in the rebate policy to maintain distributor profitability [4][6]. - The competitive landscape for New Zealand white wines in China has intensified, with many new brands entering the market, making it challenging for Cloudy Bay to pass on price increases to consumers [7]. - The current pricing situation indicates that while the wholesale price for distributors is 181 RMB, the retail price on e-commerce platforms is around 190 RMB, suggesting a tight margin for distributors [6][7]. Group 3: Company Actions - LVMH is not only reducing rebates for Cloudy Bay but is also implementing broader cost-cutting measures, including a global workforce reduction of over 10% to address declining sales and rising costs [7].

Market Overview - The A-share market continued to rise, with the ChiNext index increasing by over 1.65%, while total trading volume decreased to 1.32 trillion yuan compared to the previous day [1][4] - The Federal Reserve maintained the federal funds target rate at 4.25-4.50%, aligning with market expectations, and kept the balance sheet reduction pace unchanged [2][3] Federal Reserve Insights - The Fed's recent meeting indicated a cautious stance on monetary policy adjustments, with market expectations for three rate cuts this year in July, September, and December [1][2] - Powell highlighted the uncertainty surrounding tariffs and its impact on inflation and growth, suggesting a wait-and-see approach [2] Central Bank Actions - As of the end of April, China's gold reserves reached 73.77 million ounces (approximately 2,294.51 tons), marking a month-on-month increase of 70,000 ounces (about 2.18 tons) for the sixth consecutive month [2] - The continuous increase in gold reserves reflects concerns over global economic uncertainty and risks associated with the US dollar [3] Sector Performance - In the A-share market, the telecommunications, defense, and power equipment sectors led the gains, with increases of 2.60%, 2.57%, and 1.62% respectively [4] - Conversely, the beauty care, non-ferrous metals, and steel sectors experienced declines of 0.96%, 0.43%, and 0.38% respectively [4] Trading Data - The market's trading volume was reported at 1,321.94 billion yuan, showing a decrease from the previous trading day [5] - The margin trading balance rose to 1,808.746 billion yuan, indicating an increase compared to the prior day [5]

图2 受美英贸易协议消息刺激，富时100股指期货周三一度上涨0.7%，市场普遍预期该协议将缓解美国对英国商品加征关税的压力。 智通财经APP获悉，美国总统特朗普预计将于本周三晚些时候正式公布美国与英国之间的贸易协定。受此预期推动，英镑汇率及英国富时100股指期货价格 双双上扬，市场情绪显著改善。 特朗普于当地时间周二晚间在社交媒体平台发文，暗示将有一项"重大贸易协议"落地。随后多家外媒跟进报道称，协议合作方为英国。消息发布后，英镑对 美元汇率短线拉升0.5%，盘中触及1.3356高位。新加坡银行外汇策略师Moh Siong Sim分析指出，该协议虽未披露细节，但对英镑构成"边际利好"，因市场 对英美经贸关系改善抱有期待。 图1 自4月2日特朗普政府对多国发起新一轮关税攻势以来，美元持续走弱成为外汇市场主旋律。市场担忧美国经济可能面临衰退风险及通胀压力加剧，彭博美元 指数期间累计下跌约4%。股市方面，全球主要指数亦承压：英国富时100指数同期下跌0.6%，恒生中国企业指数跌幅超3%，标普500指数回落0.7%。 澳新银行集团外汇研究主管Mahjabeen Zaman提醒，市场需关注该协议的示范效应——其条款设计 ...

Group 1: Metal Market Overview - LME copper experienced a decline of 1.2%, settling at $9,406 per ton, while SHFE copper dropped 0.74% to 77,450 CNY per ton, with domestic import profits slightly positive [1] - LME nickel fell by 0.38% to $15,630 per ton, and SHFE nickel decreased by 0.35% to 123,640 CNY per ton, with LME inventory down by 300 tons and SHFE warehouse receipts down by 416 tons [1] - Aluminum and alumina markets showed weakness, with alumina at 2,700 CNY per ton (down 0.22%) and SHFE aluminum at 19,340 CNY per ton (down 1.55%), indicating a potential oversupply situation [1] Group 2: Supply and Demand Dynamics - The supply side for nickel iron shows signs of production cuts, while demand remains under pressure, leading to short-term price fluctuations [1] - The silicon market is also experiencing weakness, with polysilicon at 35,520 CNY per ton (down 3.14%) and industrial silicon at 8,290 CNY per ton (down 0.96%), as traders push for lower prices ahead of the holiday [1] - Lithium carbonate futures fell by 1.99% to 64,160 CNY per ton, with spot prices for battery-grade lithium carbonate also declining, indicating ongoing inventory accumulation despite some demand replenishment [1]

Core Viewpoint - Recent damage to USD credit has led to a weakened global demand for USD assets, with non-USD currencies generally appreciating, potentially prompting traders and financial investors to convert USD assets back to non-USD assets [1] Group 1 - The report from CICC indicates that if there is a significant trade surplus that needs to be settled in foreign exchange, the RMB exchange rate may continue to face a rapid appreciation trend [1] - To prevent excessive appreciation of the exchange rate, monetary policy may require further reductions in market interest rates [1]