Today marks earnings day for Xiaomi (1810), Baidu (9888) and Fuyao Glass (3606).
I am watching these stocks closely, as I have keen interest in them.
Xiaomi and Baidu are two of China’s biggest tech giants while Fuyao Glass is a leading supplier of automotive glass for electric vehicles.
In addition, yesterday 30 years US treasury hit highest level since 2007, 5.311% on inflation fears. Investors should be aware that 30-year yield is not just a bond number it is the global discount rate. Do watch it closely, especially for tech, growth, and REITs. they’re the most sensitive to moves in long-term rates.
FYI, latest news from CNA, Investors price 30% chance of Fed increase interest rates.
Happy trading to everyone.😁
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