Global Economic Events and Market Uncertainty Amid Rising Oil Prices

The ongoing conflict in the Middle East has led to rising oil prices, impacting global economic events. According to Ming Pao, the U.S. Federal Reserve is expected to maintain its interest rates this week, with several major banks postponing their rate cut predictions to September. This week, 18 central banks are set to hold meetings, and there is speculation on whether the increase in energy prices will prompt some to signal rate hikes. In the Hong Kong stock market, several major companies, including Tencent (0700), Alibaba (9988), and AIA (1299), are scheduled to release their earnings reports. Due to significant market uncertainty, the Hang Seng Index is anticipated to fluctuate between 25,000 and 26,000 this week.