China International Capital Corporation rose by 4% in the morning, and Institutions expect its revenue growth to gradually slow down after the first quarter this year.

China International Capital Corporation (03908) saw its stock price rise by 4% this morning, now reported at 14.56 HKD, with a transaction amount of 0.307 billion HKD. Goldman Sachs previously released a Research Report stating that it expects China International Capital's revenue growth to gradually slow down after the first quarter of this year, particularly in market-related Businesses. However, the firm pointed out that the most surprising performances compared to forecasts were in brokerage and investment banking, as these Businesses are expected to benefit the most from improvements in Capital Markets. At the same time, although the rise in Bond yields during the quarter had a negative impact, investment income still exceeded the firm's predictions.

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Benzinga19:43 ET

Amid persistent high inflation, the Brazilian central bank raised interest rates by 50 basis points to 14.75%, reaching a nearly 20-year high.

The Brazilian central bank has decided to raise the benchmark interest rate by 50 basis points to its highest level since 2006, as policymakers are trying to curb high inflation while also noting the deteriorating global economic outlook. On Wednesday, the Brazilian central bank raised rates to 14.75%, in line with the expectations of all but one economist surveyed in a Bloomberg poll. After three consecutive 1-percentage-point hikes, the Brazilian central bank has slowed the pace of rate increases as expected. Since September of last year, the Brazilian central bank has raised rates by a total of 4.25 percentage points, as inflation is expected to remain above the target level of 3% until the end of 2028. Service and food prices are intensifying inflationary pressures, while strong demand continues.

Global Market Report18:05 ET

Understanding in one article | The Federal Reserve maintains interest rates unchanged for the third consecutive time. Powell ignores Trump's comments on interest rate cuts and expresses concerns about the outlook for tariff policies.

At 2:00 AM Peking time on May 8, the Federal Reserve announced that it would keep the benchmark interest rate unchanged at 4.25%-4.50%, meeting market expectations. This is the third consecutive announcement by the Federal Reserve to maintain the benchmark rate. The rate statement emphasized the rising risks of inflation and unemployment. "The uncertainty of the economic outlook has increased further," the statement released by the Federal Open Market Committee (FOMC) at the end of its two-day meeting stated. "The committee is concerned about the risks facing its dual mandate and determines that the risks of rising inflation and unemployment are both increasing." Federal Reserve officials unanimously voted to keep the federal funds rate at between 4.25% and 4.

Global Market Report17:13 ET

The reaction of 14 Analysts to the Federal Reserve's decision to maintain interest rates unchanged.

The Federal Reserve held interest rates steady on Wednesday, but indicated that the risks of rising inflation and unemployment rates have increased, further overshadowing the economic outlook as the Fed struggles to cope with the effects of the Trump administration's tariff policy. The Federal Open Market Committee stated in a policy statement that the overall economy 'continues to expand at a solid pace' and attributed the decline in first-quarter output to record imports, as businesses and households rushed to purchase new import taxes. The statement also noted that the labor market remains 'robust' and inflation is still 'slightly elevated'. London Allspring Global

环球市场播报16:06 ET

The Federal Reserve kept interest rates unchanged, stating that the risks of rising inflation and unemployment rates have increased.

The Federal Reserve kept interest rates unchanged on Wednesday but indicated that the risks of rising inflation and unemployment have increased, further casting a shadow over the economic outlook as the Fed works to deal with the impacts of the Trump administration's tariff policies. In a policy statement, the Fed stated that the overall economy "continues to expand at a moderate pace," attributing the decline in first-quarter output to record imports as businesses and households rushed to purchase new imports due to the tariffs. The Federal Open Market Committee (FOMC), responsible for setting policy, reiterated the language used in its last statement, saying the labor market remains "strong" and inflation is still "slightly elevated."

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