Good morning! A good day starts with making money.
From March 13, Daylight Saving Time will be implemented in North America, and the trading hours of the US and Canadian financial markets (gold and silver, US oil, US stocks, etc.) and economic data will be released one hour earlier than winter time, opening at 6:00.
Early Asia Pacific session
S&P 500 futures opened 0.6%. The Nikkei 225 opened up 0.7 percent at 25,338.64 points.
Spot gold pulled up nearly $10 in the short term, narrowing to 0.24% after falling nearly 1% at one point, up to $1983 an ounce. The U.S. oil April contract fell more than 2 percent at $106.78 a barrel.
Hit new messages
In the offering of Rare Group, the prospectus period ended today.
Italian luxury yacht producer Ferretti S.p.A. passed the listing hearing on the Hong Kong Stock Exchange, with CICC as the sole sponsor.
Jiangsu Ruike Biotechnology Co., Ltd. passed the hearing of the Hong Kong Stock Exchange, with Morgan Stanley, CMB International and CITIC Securities as joint sponsors. Reco Bio is a vaccine company founded in 2012 to develop and commercialize subunit vaccines. The company focuses primarily on the development of HPV vaccine candidates and has established a vaccine portfolio of 12 vaccine candidates
New listings today
Big line ratings
Benchmark: Lowered GM's price target from $80 to $75 and reiterated its "buy" rating.
Mizuho: Lowered adobe price target from $685 to $600 and maintained a buy rating on the stock ahead of the first quarter earnings announcement on March 22.
Morgan Stanley: Lowered the target price of Nine Paper from HK$11 to HK$8.4 and The target price of Lee Man Paper from HK$6.7 to HK$5.4, all in line with the broader market.
U.S. stock news
The S&P 500 has fallen into retracement range
It is down more than 10% from its record high in early January. According to Bank of America, there is a good chance that things will get worse from now on. Goldman Sachs lowered its year-end price target for the S&P 500 for the second time in a month, lowering its S&P 500 target to 4700 from the previous 4900 points.
The French media and Google reached a "neighboring rights" agreement
After two years of struggle, the French media and the American company Google recently announced the signing of an agreement on the "neighboring rights" of news works. The deal will make Google pay for the use of news productions in French media.
Tesla Executives in China debunk rumors of acquisitions
There are rumors that Tesla has acquired Zotye Automobile, in response, Tesla's global vice president Tao Lin pointed out in response on Weibo that this is naked fake news.
Pfizer Paxlovid tablets are approved for imitation next week and will be available as soon as December
The Drug Patent Pool Group plans to publish a list of pharmaceutical companies approved to imitate Pfizer's oral drug Paxlovid next week, and drugmakers may be preparing to provide the first batch of Paxlovid tablets by December this year. Analyst firm Airfinity estimates that due to production and regulatory hurdles and the complexity of the drug's feedstock, the larger number may not be available to the market until May 2023. Five Chinese pharmaceutical companies were shortlisted.
Hong Kong stock news
Country Garden responded to financing rumors
Country Garden's Board of Directors has noted the recent decline in the transaction price and increase in the trading volume of the Company's shares and onshore and offshore debt securities, which may be attributable to the recent negative statements or comments circulating on social media about unfair and unfair financing of the Company. The Board of Directors of the Company hereby clarifies that such statements or comments are baseless and grossly misleading and the Company reserves all rights to pursue legal liability.
Singapore Highlights
Country Garden buys back the bill tomorrow and the number of people participating in the wearing mask exercise class is not limited and does not need to maintain a safe distance
The Singapore Sports Council issued a statement yesterday announcing that from tomorrow onwards, simplified safety management measures will be implemented for all sports and physical activities, as well as public and private sports and leisure facilities. Authorities still encourage people who wear masks for exercise to maintain a safe distance, but they are no longer mandatory. If you do sports without a mask, whether indoors or outdoors, you will continue to have a group of five people, and the group must maintain a distance of one meter between the groups, and no cross-interaction or competition, except in some designated sports facility. There is no longer a limit on the number of people in exercise classes with masks.
Macro & Industry
The Ukrainian side said that the fourth round of negotiations between Russia and Ukraine will be held today
Alahamiya, a member of the Ukrainian delegation for Russian-Ukrainian negotiations, said that the fourth round of Russian-Ukrainian negotiations will be held at 10:30 local time on the 14th, and the negotiations will be held in the form of video. On the evening of the 13th local time, Russian presidential press secretary Peskov also said that the fourth round of negotiations between Russia and Ukraine will be held by video on the 14th.
Two poisons in one! The "Delta Croon" variant was confirmed for the first time
French scientists have confirmed for the first time through genome sequencing that the new coronavirus "deltacron" variant does exist, which combines variations in the delta variant of the new coronavirus and the Omilcron variant. Currently, related cases have been reported in both the United States and Europe.
The State Food and Drug Administration approved the registration application of 5 new crown antigen products
They are Wantai Biology, Heatscape Biology, Tianjin Boosaisi Biology, Chongqing Mingdao Jiezhi Biology and Beijing Lepu Diagnostics. Since then, a total of 10 new crown antigen self-test products have been officially launched. Previously, the State Food and Drug Administration issued a notice approving the application change of the self-test application of new crown antigen products in Nanjing Novizan, Beijing Jinwolf, Shenzhen Huada Inyuan, Guangzhou Wanfu Biology, and Beijing Huaketai Biology.
Shenzhen will carry out three rounds of nucleic acid testing for all employees, the city's buses and subways will be suspended, and the community community will be closed management
From March 14 to 20, Shenzhen will carry out three rounds of nucleic acid testing for all employees, closed management of the community, and the suspension of buses and subways in the city. The city's personnel are not necessarily deep, and if they do have special needs, they will all be certified to be deep with a 24-hour negative nucleic acid certificate.
Dongguan: The city's buses and subways are temporarily suspended, and the city's communities and villages (communities) are surrounded and managed
Dongguan: In addition to ensuring the operation of the city and the transportation of materials and freight supplied to Hong Kong, the city's buses and subways are temporarily suspended. All residential areas and villages (communities) in the city shall be surrounded by management, and necessary entrances and exits shall be retained and inspection points shall be set up. The city's personnel do not leave Guanguan without necessity, and if they do have special needs, they will all leave Wanguan with a 24-hour nucleic acid negative certificate. The above prevention and control measures were implemented from 8:00 on March 14 to 24:00 on March 20, and the follow-up was dynamically adjusted according to the progress of the epidemic and the needs of prevention and control.
Huawei will hold a spring conference
Huawei will hold the 2022 Huawei Whole House Smart and All-Scenario New Products Spring Conference on March 16. This will be Huawei's first heavyweight conference after the 2022 MWC (Mobile World Congress), which is expected to upgrade the strategy and solutions of the whole house intelligence again, and better realize the integration of platform, ecology, chip, operating system, underlying communication and other fields.
Reminder today
China's National Bureau of Statistics will release major macroeconomic data for January-February in the near future.
Yang Jiechi, member of the Political Bureau of the CPC Central Committee and director of the Office of the Foreign Affairs Commission of the CPC Central Committee, met with SULLIVAN, assistant to the US President for National Security Affairs, to exchange views on Sino-US relations and international and regional issues of common concern.
China Tobacco Hong Kong, Huaxian Optoelectronics, Star Asia Holdings, International Precision, Huilong Holdings, CLSA PREMIUM, ATLINKS, Prada will announce financial results.
CITIC Securities, MicroPort Robot-B, Bank of Chongqing, Xintong Medical-B, Dongsheng Tourism, RUSAL, BIGO Group, Dichen Development International, Shoukang Group, ANDBIO Group will hold shareholders' meetings.
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