Category: Flash News

On March 28th, recently, the 2024 annual reports of listed companies have been gradually disclosed, and the operating data of some of their public offering institutions have been exposed. In 2024, due to the wide fluctuations in the equity market and the continuous deepening of fee reform in the public fund industry, the revenue and net profit of fund companies are generally affected, and the performance of many large and medium-sized fund companies is under pressure, including examples of net profit decline of more than 40%. Only a few top institutions have achieved growth in scale, revenue, and net profit.

On March 28th, Judge James Boasberg of the Washington D.C. district held a hearing on March 27th local time regarding the “group chat leak” incident, demanding that the Trump administration retain the group chat information in the application Signal, which discusses the combat plan against the Houthi armed forces in Yemen.

On March 28th, Canadian sportswear brand and company Lululemon Athletica reported a net revenue of $3.61 billion in the fourth quarter, with analysts expecting $3.57 billion. The company expects a net revenue of $11.15 billion to $11.33 billion for the full year, with analysts expecting $11.31 billion; The company expects a net revenue of $2.34 billion to $2.36 billion in the first quarter, with analysts expecting $2.39 billion.

On March 28th, entering the annual report season, securities analysts quickly tracked the latest financial data of listed companies and adjusted their ratings accordingly. Data shows that at least 15 stocks have had their ratings adjusted by analysts in the past 7 days (March 21st to March 27th). On the one hand, the improvement of performance and the reversal of difficulties are common reasons for many stock ratings being upgraded, such as the simultaneous upgrade of ratings by China International Capital Corporation and Bank of China Securities for Kingdee Group. On the other hand, multiple consumer stocks have had their ratings downgraded, mainly due to lower than expected performance or declining profits. In addition, one stock has also been downgraded due to “excessive gains”.

On March 28th, the allocation of insurance funds to equity assets continued to advance. According to statistics, since the beginning of this year, 6 insurance companies have issued a total of 11 raising notices, exceeding the same period last year and surpassing the entire year of 2023, setting a new high for the number of raising notices in a single season. It is reported that several responsible persons of insurance companies believe that there are structural opportunities in the stock market this year, and it is expected that the proportion of equity investment will increase moderately.

On March 28th, Canadian Prime Minister Mark Carney stated that Canada will retaliate against US President Trump’s trade war and tariffs on the automotive industry, but he did not elaborate on new measures to retaliate against the United States on Thursday. After an emergency meeting with the cabinet group focused on US Canada relations, Carney told reporters in Ottawa that the Canadian government will respond based on the actions taken by the US government on April 2nd.

On March 28th, the Central Bank of Mexico expects the annual average inflation rate for the fourth quarter of 2025 to be 3.3%, consistent with previous forecasts. It is expected that the Mexican economy will once again show weakness in the first quarter of 2025. It is expected that by the third quarter of 2026, overall inflation will approach the target level.

On March 28th, local time, US President Trump announced on his social media platform “Real Social” on March 27th that he would withdraw the nomination of Alice Stefanik as the United States Permanent Representative to the United Nations. Trump said that as the government advances the “America First” agenda, every Republican seat in Congress must be preserved, and Alice Stefanik will stay in Congress and rejoin the House leadership team.

On March 28th, the European Council announced on the 27th local time that the EU has decided to add 25 individuals and 7 entities from Belarus to the list of those subject to restrictive measures, including the Vice Chairman and Secretary of the Central Election Commission of Belarus, as well as several members from the Belarusian judiciary. So far, the EU’s restrictions on Belarus have been applied to 310 individuals and 46 entities. It is reported that the assets of sanctioned individuals and entities will be frozen, and they will also be subject to travel bans. Sanctioned individuals will be prohibited from entering or transiting through EU member states.

On March 28th, Czech state-owned oil pipeline operator Mero announced in a statement on March 27th that the upgraded Tar oil pipeline will be put into operation for the first time in April, increasing the import of crude oil through Italian ports to replace the “Youyi” pipeline that imports crude oil from Russia. According to local media reports, the “Friendship” pipeline was originally scheduled to continue using until June this year, but due to payment issues related to sanctions against Russia, the pipeline has been suspended since early March.