Inflation pressure in western economies subsided during the third quarter with interest rates reaching multi-decade highs. Growth in the world’s major economies became increasingly divergent, with the US and Japan economies performing surprisingly well whilst China and Europe have begun losing momentum.
Investors have begun to delay their expectations for rate cuts as the US economy is proving to be far more resilient than anticipated thanks to its robust labor market. Market also rules out recession and interest rate cut possibilities during this year, but is aware of renewed inflation pressure driven by higher energy prices amid sticky core inflation.
At Jackson Hole, Chairman Powell reiterated the Federal Reserve’s (Fed) determination to bring inflation back to 2% and left the door open for further rate hikes if necessary. US Treasury spiked to year high levels and USD remained strong on the back a “higher for longer” narrative in US Treasury (UST) yields. Stock markets are expected to remain under pressure on interest rate volatility, albeit the disinflation progress in western economies is halfway done.
In China July Politburo meeting reiterated growth remained the top priority for the government. A series of easing measures had been rolled out with the objectives of boosting demand for the property sector and revitalizing investor confidence for the capital markets.
DL HOLDINGS GROUP LIMITED
(Incorporated in the Cayman Islands with limited liability)
(Stock Code: 1709.HK)
Multiple chat groups on the instant messaging application WhatsApp are falsely claiming to be affiliated with DL New Economy Research Institute
(September 25, 2023, Hong Kong) – DL Holdings Group Limited (“DL Holdings” or the “Company”, together with its subsidiaries, the “Group”, Stock Code: 1709.HK) noticed that recently there have been multiple chat groups claiming to be affiliated with DL New Economy Research Institute on the instant messaging application WhatsApp. Additionally, unknown individuals have been impersonating the Group or its employees. The Group hereby clarified that these individuals, groups and messaging groups are in no way connected with or controlled by DL Holdings or DL New Economy Research Institute. DL Holdings has not officially established any chat groups or conversations on WhatsApp or any other instant messaging applications. The group has reported the matter to the police for further investigation and strongly advises the public against joining or engaging with these unauthorized chat groups.
|Official Website||: https://www.dl-holdings.com/|
|WeChat Offical Account||: 德林控股 DL HOLDINGS|
|FUTU Offical Account||: 德林控股 DL Holdings|
Apart from the above official channels, the Group hereby reminds the public that any websites or messaging groups claiming to represent DL Holdings are not authorized by DL Holdings and are potentially involved in falsehood and fraud. It is crucial for individuals to remain vigilant and cautious about the authenticity and reliability of the relevant information. Individuals are strongly advised to exercise caution and be wary of any individuals or groups making claims of affiliation with DL Holdings, DL New Economy Research Institute, or posing as their employees.
If the public has encountered any suspicious incidents or has doubts about the person, platforms, websites or institutions associated with DL Holdings in mainland China or Hong Kong, please contact us via DL Holdings hotline (852) 3890 2900 or by sending an email to email@example.com. Additionally, it is advisable to notify the local police authorities for further assistance.