EUR/USD
1.18052
-0.036%
Gold
5185.76
0.419%
Oil
65.599
0.111%
USD/JPY
156.034
-0.214%
GBP/USD
1.35313
-0.206%
GBP/JPY
211.139
-0.407%
Real-time News
Caspian Pipeline Alliance (CPC): Oil exports increased by 12% last year, reaching 70.52 million tons.February 26 – The Ministry of Commerce held a regular press conference on February 26. Ministry of Commerce spokesperson He Yongqian, in response to a question regarding German Chancellor Merzs visit to China, stated that China and Germany conducted in-depth exchanges in the economic and trade fields, achieving positive and pragmatic results. President Xi Jinping, during his meeting with Chancellor Merz, pointed out that China and Germany should be open, mutually beneficial, and innovative partners, and that both sides should strengthen the alignment of their development strategies and promote dialogue and cooperation in cutting-edge fields such as artificial intelligence. This has pointed the way for further deepening Sino-German economic and trade cooperation. He Yongqian stated that during the visit, the Chinese Ministry of Commerce and the German Ministry of Economic Affairs and Energy jointly hosted a symposium between the two prime ministers and the Sino-German Economic Advisory Committee. Premier Li Qiang and Chancellor Merz attended the meeting and delivered speeches. All participants unanimously expressed their willingness to fully leverage their respective advantages, strengthen pragmatic cooperation, and achieve mutual benefit, win-win results, and common development.Market news: Oman will submit a draft proposal regarding Iran to the US negotiating team.On February 26th, ANZ Bank reinforced its bullish stance on gold in its latest report. The bank noted: 1. The fundamental logic remains solid, with loose monetary policy expected to continue until the fourth quarter of 2026. The Federal Reserve is expected to resume rate cuts in the second quarter (possibly June) and again in the fourth quarter, lowering the terminal interest rate from the current 3.75% to 3%. This path will provide support for gold. 2. Escalating tensions between the US and Iran will revitalize safe-haven demand for gold. Meanwhile, the Russia-Ukraine negotiations indicate continued geopolitical instability. 3. Economic risks persist, and the market has not yet fully digested the impact of US tariff increases; concerns about AI-driven stock market gains are exacerbating financial risks. 4. In an environment of uncertainty, gold remains a highly attractive hedging tool against market risks. 5. Following the latest round of profit-taking, investor positions are no longer crowded, leaving ample room for establishing new long positions.On February 26th, the Ministry of Commerce held a regular press conference, where spokesperson He Yongqian introduced the overall situation of the national consumer market during the Spring Festival holiday. This years Spring Festival consumer market was characterized by a strong festive atmosphere, high foot traffic, and robust vitality. During the nine-day holiday, from urban commercial districts to rural markets, the "Happy Shopping for the Spring Festival" spirit was palpable. Business big data shows that during the Spring Festival, the average daily sales of key retail and catering enterprises nationwide increased by 5.7% compared to the same period last year, with the growth rate increasing by 1.6 percentage points; the foot traffic and sales of 78 key monitored pedestrian streets (commercial districts) increased by 6.7% and 7.5% respectively. Business big data also shows that ice and snow consumption and winter travel consumption on key platforms increased by 12.1% and 29.8% respectively, and car rental platform orders increased by 51% compared to last years Spring Festival holiday. During the Spring Festival, many foreign tourists came to China for sightseeing and shopping, deeply experiencing the unique charm of "Shopping in China." Business big data shows that orders for inbound tourism products on key platforms increased by 18.4% year-on-year, and sales of tax-refund products for departing tourists in Shanghai and Sichuan increased by 1.5 times and 3.2 times year-on-year, respectively.
