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Glonhui April 28｜Oil and gas stocks generally rose, with Total up 2.9%, Chevron and Devon Energy up 2.3%, ExxonMobil and Occidental Petroleum up nearly 2%, Murphy Oil up 1.5%, Shell and BP up 1.3%. On the news side, WTI crude oil futures prices once rose more than 5%, reaching a high of $101.8 per barrel and hitting a two-week high; Brent crude oil futures once rose more than 4%, reaching a high of $105.8 per barrel. Previously, the United Arab Emirates announced it will officially withdraw from OPEC and OPEC+ on May 1, ending a sixty-year history as a member. This decision marks one of the world's major oil-producing countries departing from the current international oil production coordination framework, prompting a reassessment of the global oil market supply structure.

BlockBeats News, April 28th, Japan has finally shaken off more than two decades of sluggish nominal growth and deflation that have plagued its economy. Fitch Ratings stated that inflation is now entrenched and increasingly driven by domestic factors, supporting Fitch's view that the Bank of Japan will continue to advance monetary policy normalization. Since 2022, overall consumer price inflation has averaged 2.9%, exceeding the Bank of Japan's 2% target. The recent decline in overall inflation largely reflects government energy measures rather than a weakening of underlying price pressures. Fitch expects the Bank of Japan to continue raising interest rates, with the policy rate projected to increase by 75 basis points to 1.5% by 2026. The real policy rate remains deeply negative and is expected to normalize as the Bank of Japan further tightens policy, which should, in turn, exert some upward pressure on the yen. (Kincentric)

The company indicated that the easing of raw material cost pressures and the optimization of operational efficiency will be key factors driving the improvement of profit margins. Seasonal demand growth is expected to further enhance profitability. Management is optimistic about sales performance in the spring and summer this year, believing that the current market environment is conducive to achieving stronger financial results.