EUR/USD
1.18735
0.020%
Gold
5053.99
-0.596%
Oil
64.189
-0.845%
USD/JPY
153.553
0.186%
GBP/USD
1.36333
0.038%
GBP/JPY
209.348
0.238%
Real-time News
On February 12th, the Beijing Municipal Medical Insurance Bureau, the Beijing Municipal Financial Regulatory Bureau, and other departments jointly released "Several Measures of Beijing Municipality to Support the High-Quality Development of Commercial Health Insurance." Among the measures are: exploring ways to broaden the scope of use for individual medical insurance accounts; studying the possibility of insured employees using their individual medical insurance accounts to purchase eligible commercial health insurance products for themselves and their family members; and encouraging employers to utilize preferential policies such as supplementary medical insurance (where supplementary medical insurance premiums can be deducted from the employers costs up to 4% of the previous years total employee wages).February 12th - Following Wednesdays better-than-expected US non-farm payroll report, the US dollar only briefly rose before giving back its gains. Danske Bank analyst Mohammed Al-Sarraf pointed out that the dollars failure to sustain its rally reflects the continued strong tendency to "sell on rallies" in the market. "We dont think this report is enough to be a turning point for the dollars macroeconomic outlook," Al-Sarraf said. The significant downward revision to the annual baseline non-farm payroll data still points to a structural slowdown in job growth—an average of only 15,000 new jobs per month in 2025, a significant decline from 122,000 in 2024. Furthermore, President Trumps call for further interest rate cuts, citing strong data, exacerbated market concerns about the Federal Reserves independence.February 12 (Futures News) – As of 20:30 Beijing time, WTI crude oil futures fell 0.14%, while US natural gas futures rose 2.82%.February 12th - Following Ukrainian President Volodymyr Zelenskyys statement that Russia would reject a US-brokered ceasefire proposal for energy infrastructure, Ukraine was again subjected to large-scale Russian airstrikes. Ukrainian air defense forces stated that Russian forces launched intensive nighttime strikes on Thursday against major Ukrainian cities including Kyiv, Kharkiv, Odessa, and Dnipropetrov, causing damage to some residential buildings; most of the 24 ballistic missiles and 219 drones that attacked were intercepted. Zelenskyy posted on the X platform that the attack resulted in two deaths. The Ukrainian private energy company DTEK posted that the airstrikes severely damaged an unnamed power facility in the Odessa region, and repairs will take a long time.February 12th - Bank of England Monetary Policy Committee member Bryndon said there is "reason to expect" a further 25 basis point interest rate cut before the end of April. Speaking at a "Business Live" event in Manchester, the Deputy Governor for Financial Stability said that the brakes on monetary policy should be loosened now to provide more support to the economy by lowering borrowing costs. She stated that she is more concerned about the downside risks of slow growth and rising unemployment. "I am not confident that economic activity will see the recovery we expect. Therefore, I think it is appropriate for us to loosen the monetary brake a little more and provide a little more support to the economy," she said. "If the economy continues to develop as we expect, and no shocks occur – to be clear, these are two big ifs... I think there is reason to expect a rate cut in the next one or two meetings."
