EUR/USD
1.16193
0.100%
Gold
4605.72
-0.224%
Oil
59.768
1.089%
USD/JPY
158.063
-0.347%
GBP/USD
1.34082
0.195%
GBP/JPY
211.939
-0.142%
Real-time News
According to CCTV: Li Qiang chaired an executive meeting of the State Council to make arrangements for clearing overdue payments to enterprises and ensuring the payment of wages to migrant workers.According to CCTV: Li Qiang chaired an executive meeting of the State Council, where he heard a report on the progress of the special campaign to boost consumption and studied measures to accelerate the cultivation of new growth points in service consumption.On January 16th, KunCai Technology announced that the company and relevant responsible persons recently received a "Decision on Taking Corrective Measures Against Fujian KunCai Materials Technology Co., Ltd. and Issuing Warning Letters to Xie Bingkun and Fang Fei" issued by the Fujian Regulatory Bureau of the China Securities Regulatory Commission. The reasons for the discrepancies are as follows: In 2024, the company delayed the transfer of some buildings, machinery, and equipment to fixed assets and under-accrued depreciation, which did not comply with Articles 9 and 14 of the "Accounting Standard for Business Enterprises No. 4—Fixed Assets"; In 2024, the companys inventory impairment provision for some models of pearlescent products was inaccurate, which did not comply with Article 15 of the "Accounting Standard for Business Enterprises No. 1—Inventories". These two matters resulted in inaccurate disclosure of relevant financial data in the companys 2024 annual report.January 16th - Pansen Macro analyst Claus Vistesen stated that January inflation data from Germany and the Eurozone may increase market bets on a European Central Bank rate cut. Data released Friday showed that Germanys annual inflation rate fell to 1.8% in December from 2.3% in November, as energy prices declined due to a one-off tariff reduction, laying the foundation for continued inflation declines into 2026. Core inflation is also expected to fall, although food and alcohol inflation are expected to rebound due to last years benchmark effect. Pansen Macro expects Germanys January inflation rate to fall to 1.5%.On January 16th, in response to the current economic and financial situation, the Peoples Bank of China (PBOC) opened its policy toolbox, announcing eight structural monetary policy measures and revealing that there is still "some room" for reserve requirement ratio (RRR) and interest rate cuts this year. The market is paying close attention to the subsequent policy direction. Regarding the timing of these policies, Wen Bin, chief economist of China Minsheng Bank, believes that the possibility of an interest rate cut in the short term is reduced due to concerns about preventing further overheating of asset prices such as the stock market. Currently, the PBOC has many tools available for monetary policy, and its outright reverse repurchase operations have proven effective, all of which reduce the probability of a short-term RRR cut. The macro research team at Orient Securities believes that the PBOC is committed to building a scientific and sound monetary policy system and will adhere to avoiding excessive monetary easing to prevent future risks such as high inflation and high debt. The current focus of monetary policy is to effectively utilize various structural monetary policy tools, targeting specific areas precisely to continuously promote the transformation of old and new growth drivers. Therefore, the possibility of a significant interest rate cut or large-scale quantitative easing this year can be largely ruled out.
