EUR/USD
1.18874
-0.060%
Gold
5038.15
0.257%
Oil
64.124
0.147%
USD/JPY
154.438
0.035%
GBP/USD
1.36330
-0.063%
GBP/JPY
210.550
-0.020%
Real-time News
February 11th - An article states that automobiles are significant consumer goods, and the healthy development of their market depends on a transparent and fair trading environment. The marketing trap of "lease-to-own" harms consumer rights in the short term and will erode the credibility of the entire industry in the long run. Furthermore, deliberately concealing the true nature of financial leasing to induce consumers to sign contracts constitutes consumer fraud. Further regulation of related practices is necessary to protect consumer rights. Regulatory bodies need to further improve the rules for the auto financial leasing industry, clarify the rights and obligations of all parties, and crack down on the "behind-the-scenes" practices of some automakers using financial leasing. Sales companies must adhere to the principle of integrity, fully and truthfully disclose financial product information, and standardize cooperation models.February 11th - Gold prices opened slightly higher after weak U.S. retail sales data supported the Federal Reserves case for an interest rate cut, and are currently trading around $5,050 per ounce. Yesterdays data showed that U.S. consumer spending unexpectedly stalled in December, reflecting anxiety about the cost of living and setting the tone for Wednesdays highly anticipated delayed January jobs report. Any further reduction in borrowing costs would be beneficial for gold, as it does not generate interest and typically benefits in low-interest-rate environments. The precious metal surged to a record high in late January before plummeting. Since then, gold prices have recovered about half of their losses and have been fluctuating around $5,000 per ounce this week.According to the regional governor, Russian air defense forces repelled a Ukrainian drone attack on energy and other targets in the Volgograd region.1. U.S. stock indexes closed mixed. The Dow Jones Industrial Average rose 0.1% to 50,188.14 points, setting a new closing high. The S&P 500 fell 0.33% to 6,941.81 points, and the Nasdaq Composite fell 0.59% to 23,102.47 points. Disney and Home Depot rose more than 2%, leading the Dow Jones gains. The Wind U.S. Tech Big Seven Index fell 0.59%, with Google falling more than 1%, Facebook falling nearly 1%, and Intel falling more than 6%. The Nasdaq China Golden Dragon Index rose 0.87%, with Hesai Technology rising more than 6% and Zai Lab rising more than 6%. 2. European stock indexes closed mixed. The German DAX fell 0.11% to 24,987.85 points, the French CAC40 rose 0.06% to 8,327.88 points, and the UK FTSE 100 fell 0.31% to 10,353.84 points. 3. US Treasury yields fell across the board. The 2-year Treasury yield fell 2.49 basis points to 3.454%, the 3-year Treasury yield fell 3.96 basis points to 3.514%, the 5-year Treasury yield fell 3.99 basis points to 3.701%, the 10-year Treasury yield fell 5.94 basis points to 4.143%, and the 30-year Treasury yield fell 7.22 basis points to 4.785%. 4. International precious metals futures generally closed lower. COMEX gold futures fell 0.62% to $5047.90 per ounce, and COMEX silver futures fell 2.01% to $80.58 per ounce. Federal Reserve officials emphasized the independence of monetary policy and maintained current interest rates, easing market concerns about a hawkish stance from the Fed. This, coupled with speculative funds leaving the market, put pressure on precious metals. 5. Data from the American Petroleum Institute (API) showed that U.S. crude oil inventories increased by 13.4 million barrels last week, to $64.2 per barrel; Brent crude oil futures fell 0.04% to $69.01 per barrel.February 11 – The U.S. government issued a general license allowing oilfield services companies to operate in Venezuela, marking a new step by the Trump administration in easing sanctions and pushing for the rebuilding of the countrys oil infrastructure. According to a statement released Tuesday, the Treasury Departments license allows U.S. companies to explore, develop, and produce oil and gas in Venezuela under certain limited conditions. In January, the U.S. issued a general license allowing a wide range of oil-related activities, including exporting, transporting, refining, and trading crude oil. The general license announced Tuesday covers geological mapping, reservoir analysis, and other tasks that help initiate oil production. However, the license does not allow for the formation of new joint ventures in Venezuela. The statement said that U.S. individuals and companies must submit detailed plans to the State Department and the Department of Energy before commencing any work in Venezuela.
