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February 4th - Sergei Koletsky, Chairman of the Board of Directors of Ukraines state-owned oil and gas company Naftogaz, announced on February 4th that the first shipment of liquefied natural gas (LNG) from the United States for 2026 has arrived in Ukraine. Koletsky stated that nearly 100 million cubic meters of gas arrived at the LNG receiving terminal in Poland at the end of January and has been injected into the Ukrainian gas transmission system. He indicated that Ukraine plans to import up to 1 billion cubic meters of LNG from the United States throughout 2026. The next shipment of US LNG has been contracted and is scheduled for delivery between February and March.February 4th - The pound rose to its strongest level in five months against the euro ahead of the Bank of Englands interest rate decision on Thursday. The market widely expects the Bank of England to keep interest rates unchanged. Lee Hardman of Mitsubishi UFJ Financial Group stated in a report that recent data showing a strengthening UK economy has prompted market participants to postpone their expectations for the next rate cut. "In the absence of immediate triggers for further rate cuts, the Bank of England is likely to remain cautious about further rate cuts at the beginning of this year."On February 4th, Innovent Biologics announced that in 2025, the company achieved total product revenue of approximately RMB 11.9 billion, maintaining a strong growth momentum of approximately 45% year-on-year. In the fourth quarter of 2025, the company achieved total product revenue of approximately RMB 3.3 billion, representing a year-on-year increase of over 60%.February 4th - Holger Schmieding of Berenberg Bank stated in a report that the European Central Bank (ECB) may raise key interest rates starting in mid-2027, with economic growth this year expected to be slightly above the long-term trend of 1.2%. Following projected growth of 1.3% this year, Eurozone economic growth is expected to accelerate to a cyclical peak of 1.5% in 2027, primarily driven by the gradual effects of German fiscal stimulus measures. This will boost German business and consumer confidence and, to a lesser extent, benefit some of its neighboring countries. Against this backdrop, the ECB could raise key interest rates to a neutral level of approximately 3% by early 2028, allowing economic growth to fall back to near its trend rate in 2028.The US January ADP employment figures will be released as scheduled tonight at 9:15 PM, providing the market with the latest clues about the US job market. This data is collected and released by the private US agency ADP. Due to the previous brief government shutdown, the release dates for non-farm payrolls, initial jobless claims, and job openings data were pending. The US Department of Labor, responsible for releasing these data, fully resumed normal operations on February 4th and will reschedule the release times.

Crypto Daily Market Highlights: Regulatory Risk and Fed Fear Weigh

Cory Russell

Mar 01, 2023 15:22

The top ten cryptocurrency index had a negative afternoon on Tuesday. The top ten entered the red with ADA's help. Bitcoin fell below $24,000 for the fourth straight session during the negative session.


Even though February's consumer confidence figures were lower than anticipated, US economic measures came up short. From 106.0 to 102.9, the CB Consumer Sentiment Index decreased.


With the S&P/CS HPI Index - 20 n.s.a increasing by 4.6% year over year in December, housing industry statistics also sent a negative indication. November saw a 6.8% increase in the Index. High US mortgage rates had an impact on demand, which slowed the increase in home prices.


To end a negative month, the NASDAQ Composite Index decreased by 0.10 percent on Tuesday. Investor mood was still being affected by the possibility of a higher for extended Fed interest rate trend. The NASDAQ mini was down 36.25 points this morning.


News about the cryptocurrency market, however, heightened the pessimism. Regulation action kept grabbing people's interest. Alarm alarms went off when it was reported that the SEC had subpoenaed Robinhood (HOOD). Moreover, there were reports that Visa (V) and Mastercard (MA) would rethink their plans for cryptocurrency.


The Day Ahead Buyers should keep an eye on the cryptocurrency news channels for any regulation developments and US lawmakers' conversations. Updates on Binance and FTX as well as information from the current SEC v. Ripple lawsuit need to be taken into account.


Interest in economic signs will also be high. Prior to the US session, China's private sector PMIs will have an impact. We anticipate that China's poor economic data will rekindle recessionary worries and test investors' desire for risky assets.


The NASDAQ Composite Index and US economic data will have an impact on the midday session. The February US industrial PMI figures will be closely watched. It would be negative if the ISM Manufacturing PMI unexpectedly dropped. However, buyers should also keep an eye on the FOMC members' daily conversations.


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