News

The Ukrainian military stated that it attacked the Afipsky oil refinery in Russia's Krasnodar Krai.

German Chancellor Merz: The discovery of drones in Leipzig indicates that Germany faces a threat.

German Chancellor Merz: Germany has enormous potential to restore its competitiveness.

Statoil: The international oil and gas portfolio has been streamlined and optimized, and is poised for significant growth.

The Hang Seng Index (HSI) closed down 6.23 points, or 0.02%, at 25,511.1 on Tuesday, August 25. The Hang Seng Tech Index closed down 5.5 points, or 0.12%, at 4,588.54 on Tuesday, August 25. The Hang Seng China Enterprises Index (HSCEI) closed down 25.99 points, or 0.31%, at 8,445.37 on Tuesday, August 25. The Hang Seng Red Chip Index (HSC) closed down 18.56 points, or 0.44%, at 4,229.07 on Tuesday, August 25.

Hong Kong stocks closed with the Hang Seng Index down 0.02% and the Hang Seng Tech Index down 0.12%; XPeng Group (09868.HK) fell more than 9%.

Germany's August IFO Business Expectations Index was 89.1, below the expected 87.4 and the previous reading of 86.7.

Germany's August IFO Business Conditions Index was 88.5, below the expected 87 and the previous reading of 86.5.

Germany's August IFO Business Climate Index was 88.8, below the expected 87.2 and the previous reading of 86.6.

Germany's August IFO Business Climate Index and the UK's LME copper, aluminum, and nickel inventory changes up to August 25 will be released in ten minutes.

According to TASS, Kremlin spokesman Dmitry Peskov stated that rumors of a possible new round of mobilization in Russia were "fabricated rumors by the newspapers" and deliberately spread by the Ukrainian government. The Kyiv regime is attempting to destabilize Russia ideologically. Previously, Ukrainian President Volodymyr Zelenskyy had repeatedly claimed that Russian authorities would announce a new round of mobilization this fall, and Ukrainian media had repeatedly disseminated related rumors.

According to Japan's Kyodo News, Japan's debt servicing costs will increase by 17.1% in fiscal year 2027/28, reaching a record 36.6386 trillion yen.

According to Japan's Kyodo News, the Japanese Ministry of Finance has requested a budget of 38.7 trillion yen.

According to Interfax news agency, Kazakhstan has begun supplying small quantities of gasoline to Russia.

Nvidia will release its earnings report after the US market closes on Wednesday, and most institutions expect Nvidia to deliver "better-than-expected results and raise guidance." Institutional surveys predict that Nvidia's EPS for this quarter (F2Q27) will be $2.19, with revenue of approximately $93.58 billion (a year-over-year increase of 100%). Guidance for the next quarter (F3Q27) is projected at $106.14 billion (a 13% increase quarter-over-quarter and an 86% increase year-over-year), with some investors even expecting guidance to reach over $110 billion. Strong shipments of the new generation GB300 server racks are the core driver. In addition, the market is optimistic about the release of its Rubin Ultra chip, potential price increases, enterprise-level AI adoption, and its strong supply chain and cloud business barriers. Gross margin is expected to remain at an extremely high level of 75%. Optimists believe that Nvidia's valuation is at a multi-year low, and its guaranteed financing mechanism is expected to bring in tens of billions of dollars in additional revenue; pessimists continue to worry about the risks of "revolving financing," and chip production capacity constraints (such as wafer supply) may limit the upward movement of guidance. The implied stock price volatility following the earnings report is 4.6%. If both Nvidia's performance and the Federal Reserve's policy statements fall short of expectations, it could trigger a 3% to 4% overall pullback in the S&P 500. (The above views are from a JPMorgan Chase report dated August 24.)

The local governor said that the oil refinery in Russia’s Rostov region has ceased operations due to a Ukrainian drone attack.

The local governor stated that an oil refinery in Russia's Rostov region was attacked by a Ukrainian drone.

Head of International Business at Statoil: In the United States, we are looking to expand beyond our upstream operations.

The UK Debt Management Office plans to conduct a syndicated issuance of index-linked government bonds in November.

Head of International Operations at Statoil: We expect production outside of Norway to continue to grow after 2030.