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Samsung Electronics Chief Technology Officer: Demand for memory chips is strong this year and will continue into next year.
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 Reserve's case for an interest rate cut, and are currently trading around $5,050 per ounce. Yesterday's data showed that U.S. consumer spending unexpectedly stalled in December, reflecting anxiety about the cost of living and setting the tone for Wednesday's 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 country's oil infrastructure. According to a statement released Tuesday, the Treasury Department's 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.
According to Futures News on February 11, the world's largest silver ETF, iShares Silver Trust, increased its holdings by 25.36 tons from the previous day, with its current holdings at 16,216.45 tons.
February 11 – Federal Aviation Administration (FAA) Administrator Bryan Bedford stated that he expects Canadian aviation regulators to move forward with the approval process for the Gulfstream jet after President Trump threatened tariffs and other retaliatory actions against Canada. Bedford told reporters, “I think we’ve resolved the issues with Canada.” He indicated that, to his knowledge, Transport Canada will announce the Gulfstream’s certification this week.
Lyft (LYFT.O) CEO: No significant weakness in consumer demand was observed in the fourth quarter.
The U.S. Federal Aviation Administration (FAA) stated that the Trump administration has resolved the aircraft certification issue with Canada.
US President Trump: Iran wants a deal, and it would be foolish not to.
The U.S. Treasury Department authorized Venezuela's state-owned oil company (PDVSA) to conduct certain activities in Venezuela.
Conflict Situation: 1. According to RIA Novosti: Russian troops have taken control of the Zalitznichny region of Zaporizhia, Ukraine. 2. Russia stated that one of the two external power lines supplying the Zaporizhia nuclear power plant has been cut off. 3. Ukrainian energy company DTEK stated that the Russian attack damaged its energy facilities in the Odessa region. Peace Negotiations: 1. Kremlin: The specific date for the next round of negotiations on the Ukraine issue has not yet been set. 2. Kremlin spokesman Peskov: There is a possibility that Russia and France can quickly establish a high-level dialogue. 3. EU High Representative for Foreign Affairs and Security Policy Kalas said on Tuesday that a list of concessions demanded from Russia will be drafted as part of resolving the conflict in Ukraine. Other Situations: 1. US Treasury Secretary Bessenter: Optimistic about the situation in Russia and Ukraine. 2. Zelensky signed a presidential decree allowing contract-based military service for personnel over 60 years of age. 3. US Trade Representative Greer: India has begun to gradually reduce its energy purchases from Russia. 4. Kremlin: Russian President Putin and the South African President discussed the Ukraine issue.
The API crude oil inventory data for the week ending February 6 will be released in ten minutes.
February 11th - According to the Wall Street Journal, Trump administration officials have discussed whether to seize more oil tankers carrying Iranian oil to further pressure Tehran. However, due to concerns about a near-certain Iranian retaliation and its impact on the global oil market, US officials stated that no action has been taken yet. If the US takes action to prevent other sanctioned vessels from loading oil in Iran, it will squeeze Tehran's main source of revenue. This move would expand the White House's aggressive strategy implemented in the Caribbean last December. However, some officials say that this option, as one of several ways the White House is pressuring Tehran to reach an agreement limiting its nuclear program, faces numerous obstacles, with seizures even being seen as an act of war. In response to the escalating US strikes, Iran is likely to retaliate by seizing oil tankers belonging to US allies in the region, or even laying mines in the Strait of Hormuz. Either move could cause a sharp rise in oil prices and risk a political storm for the White House.
The Dow Jones Industrial Average rose 52.27 points, or 0.10%, to close at 50,188.14 on Tuesday, February 10; the S&P 500 fell 23.02 points, or 0.33%, to close at 6,941.80; and the Nasdaq Composite fell 136.20 points, or 0.59%, to close at 23,102.47.
According to the Wall Street Journal, the United States will send 200 soldiers to assist Nigeria in its fight against militants.
February 11th - U.S. stocks closed Tuesday with the Dow Jones Industrial Average up 0.1%, the S&P 500 down 0.3%, and the Nasdaq Composite down 0.59%. Nvidia (NVDA.O) fell nearly 1%, S&P Global (SPGI.N) fell nearly 10%, Intel (INTC.O) fell 6%, and Western Digital (WDC.O) fell 8.1%. The Nasdaq China Golden Dragon Index rose 0.87%, Alibaba (BABA.N) rose 2%, and Dingdong Maicai (DDL.N) rose 7%.
On February 11, two Democratic governors—Wes Moore of Maryland and Jared Polis of Colorado—announced that they had been removed from invitations to a White House dinner. The dinner was part of the National Governors Association's winter meeting, a bipartisan organization of 50 governors from across the country, originally scheduled to take place in Washington, D.C., from February 19-21. White House Press Secretary Levitt defended the event, stating, "This is the people's house, and it's the president's house, so he can invite whoever he wants to the White House for dinners and events." The annual governors' gathering is a rare bipartisan event in Washington, D.C., but Trump's decision to exclude Democrats from certain events has thrown the meeting into disarray. The National Governors Association stated that it will not assist in holding formal meetings at the presidential residence unless all governors are invited. On Tuesday, 18 Democratic governors also announced they would boycott dinners with Trump.
February 11 – A Boeing (BA.N) executive stated at a conference north of Seattle that Boeing plans to increase monthly production of its core 737 family of aircraft to 63 aircraft within the next few years. Katie Ringgold, Boeing's 737 program manager, said Tuesday at the Pacific Northwest Airlines Conference that the company has installed tooling to support the new 737 final assembly line in a traditional wide-body aircraft factory and is recruiting mechanics and engineers, preparing to begin production by mid-year. She indicated that production of the narrow-body aircraft should increase by approximately 15% over the next 18 months. Maintaining a steady recovery in 737 production is crucial for Boeing to turn around its financial situation and repay its debts; the aircraft is a key source of revenue for Boeing.
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