EUR/USD
1.17884
0.098%
Gold
4819.43
0.867%
Oil
63.260
0.534%
USD/JPY
156.717
-0.199%
GBP/USD
1.35467
0.119%
GBP/JPY
212.306
-0.061%
Real-time News
On February 6th, Alibabas Qianwen app officially launched a "3 Billion Yuan Free Orders for Chinese New Year" campaign, distributing free milk tea vouchers. Subsequently, the Qianwen app experienced minor system malfunctions in several regions across the country. In response, Alibaba stated, "We are urgently adding resources to ensure smooth operation."The China Earthquake Networks Center officially reported that a magnitude 3.9 earthquake struck Akto County, Kizilsu Kirghiz Autonomous Prefecture, Xinjiang, at 10:24 AM on February 6th, with a focal depth of 10 kilometers.February 6th - Today (February 6th), the Hainan Provincial Information Office held a press conference to introduce the "zero tariff" policy for imported goods for consumption by residents within the Hainan Free Trade Port and to answer reporters questions. The press conference announced that the first batch of five duty-free shops for daily consumer goods will be opened in the three prefecture-level cities of Haikou, Sanya, and Danzhou, with each shop scheduled to open on February 11th, the Southern Lunar New Years Eve.Li Auto (02015.HK) rose more than 2% amid volatility. The company’s chairman and CEO, Li Xiang, said that the company will launch a new generation of Li Auto L9 Livis Edition, priced at 559,800 yuan.February 6th - The U.S. Treasury yield curve is near its steepest level in over four years due to interest rate cuts and concerns about persistent inflation and fiscal deficits. The spread between the 10-year and 2-year Treasury yields widened to as high as 73.7 basis points on Thursday, just slightly below the peak of 73.8 basis points reached in April, the highest level since January 2022. The spread widened on Thursday as signs of weakness in the U.S. job market prompted traders to increase their bets on further monetary easing by the Federal Reserve this year. According to overnight index swaps, the Fed will cut its benchmark interest rate before June (just one month after the end of its term) and will implement two to three 25-basis-point rate cuts this year. Investors are speculating that President Trumps nominee for Fed chair, Kevin Warsh, despite his hawkish reputation, will still favor lower interest rates. Martin Whetton, head of financial markets strategy at Westpac, said: “While the curve has shifted fairly horizontally, weak jobs data has created more downside risk for front-end yields. However, the curve has become steeper as comments from the Treasury’s Borrowing Advisory Committee earlier this week suggested that supply increases could come earlier than expected in November.”
