Real-time News

February 2nd, Futures News: As of 20:30 Beijing time, WTI crude oil futures fell 4.68%, and US natural gas futures fell 16.84%.

Oracle (ORCL.N) rose 4% in pre-market trading.

European mining stocks turned positive, erasing earlier losses.

February 2nd - Ugreen Technology announced that it submitted an application to the Hong Kong Stock Exchange on February 2nd, 2026, for the issuance of overseas listed foreign shares (H shares) and listing on the main board of the Hong Kong Stock Exchange, and published the application materials for this issuance and listing on the Hong Kong Stock Exchange website on the same day.

On February 2nd, Li Qiang, member of the Standing Committee of the Political Bureau of the CPC Central Committee and Premier of the State Council, conducted research in Shandong Province. He emphasized the need to thoroughly implement General Secretary Xi Jinping's important instructions on economic and social development this year and during the 15th Five-Year Plan period, adhering to a combination of short-term and long-term goals, ensuring a good start, proactively implementing various policies, and resolutely implementing all decisions and deployments of the CPC Central Committee to promote development, improve people's livelihoods, and enhance long-term growth potential more solidly and effectively. Governments at all levels should, in accordance with the decisions and deployments of the CPC Central Committee, take proactive measures, leverage local advantages, strive to cultivate new growth points, and ensure that all work is implemented effectively as soon as possible. They should further strengthen their service awareness, continuously improve government efficiency, implement various policies benefiting enterprises, and address their concerns and demands. Focusing on promoting high-quality development, and in conjunction with the formulation and implementation of the 15th Five-Year Plan, they should deeply plan a number of major initiatives and projects, making greater progress in key areas such as developing new productive forces according to local conditions, strengthening the domestic economic cycle, and promoting employment and income growth for residents. Li Qiang stressed that local governments should adhere to the principle of seeking truth from facts and pay attention to systematic integration when formulating the 15th Five-Year Plan, especially the formulation of grassroots special plans, which should be concise and precise, avoiding excessive ambition.

February 2nd - According to statistics from the Shenzhen Real Estate Intermediary Association, a total of 6,802 second-hand homes were sold in Shenzhen in January 2026, representing a 2.9% increase month-on-month and a significant 45.5% increase year-on-year, marking a new high in nearly 10 months. This marks the 11th consecutive month that sales have exceeded 5,000 units, indicating that the market has emerged from its trough, buyer confidence has significantly recovered, and a solid foundation has been laid for a subsequent "mini-boom" in the market.

February 2nd - Walt Disney (DIS.N) reported in its first-quarter fiscal year report that both sales and profits exceeded expectations, thanks to record $10 billion in revenue from its theme parks and cruise lines. The majority of the profits came from the theme parks and cruise lines, led by Josh D'Amaro, who is considered a candidate to succeed Bob Iger, who is scheduled to leave the company this year, as CEO. Disney said Monday that the theme parks segment's profit increased by 6% year-over-year to $3.3 billion, driven by increased visitor numbers, higher visitor spending, and the addition of new cruise lines. In contrast, the entertainment segment's profit fell by more than a third to $1.1 billion, primarily due to reduced revenue from political advertising on television channels and streaming services, as well as marketing costs related to "Avatar: Ashes." The sports segment's profit fell 23% to $191 million, due to increased fees for new broadcasting rights for NBA and college sports events.

A spokesperson for the European Commission stated: "We firmly oppose designating EU troops as terrorist organizations and also reject the terrorism accusations made by Iran."

Oracle (ORCL.N) reversed its pre-market losses and turned positive.

February 2nd - The 2026 Spring Festival travel rush began on February 2nd. He Lifeng, member of the Political Bureau of the CPC Central Committee and Vice Premier of the State Council, inspected the comprehensive transportation work for the Spring Festival travel rush in Beijing and Tianjin on the 2nd. He Lifeng emphasized that the Spring Festival travel rush is crucial to the happy reunion of families during the Spring Festival holiday and to the vital interests of hundreds of millions of people. It is an important political task and a project concerning people's livelihood, and the CPC Central Committee and the State Council attach great importance to it. All regions, relevant departments, and transportation enterprises must resolutely implement the decisions and deployments of the CPC Central Committee and the State Council, adhere to the principles of safety first and people-oriented approach, firmly establish a bottom-line mentality and a limit-limit mentality, and do their utmost to ensure the safety and service guarantee of comprehensive transportation during the Spring Festival travel rush, ensuring a safe, stable, and smooth journey.

February 2nd - Analysts at ING Bank stated that volatility in the precious metals market is likely to remain high in the short term, with macroeconomic uncertainty, real interest rate expectations, and the dollar's performance continuing to dominate market sentiment. "While a correction was inevitable after the previous sharp rise, Friday's drop was far greater than most expected," they noted. "Future price movements will largely depend on the strength of investor buying on dips following Friday's plunge."

February 2nd - Iranian Foreign Ministry spokesman Baghae, when answering questions about negotiations with the United States on February 2nd local time, stated that details of the talks are currently in the decision-making stage, and any media speculation cannot be confirmed. The spokesman said that at this stage, because decisions are still being made, there is no official information regarding the meeting location, time, or whether either side will attend.

A spokesperson for the European Commission stated that U.S. liquefied natural gas imports cannot be compared to the EU's dependence on Russian natural gas before the Ukraine war.

A spokesperson for the European Commission stated that current data does not indicate that the EU is overly reliant on a single natural gas supplier.

South African Automobile Association: New car sales in South Africa rose 7.5% year-on-year in January, reaching 50,073 units.

February 2nd - WHO Director-General Tedros Adhanom Ghebreyesus stated on Monday that the World Health Organization is being forced to significantly reduce its staff following announcements from the United States and Argentina that they would cease funding. Tedros described 2025 as "one of the most difficult years" for the organization. Last month, the United States formally completed its withdrawal process, costing the organization hundreds of millions of dollars annually. Simultaneously, Argentina announced its withdrawal from the WHO, expected to take effect in February 2026. Tedros warned that the sharp reduction in funding has already severely impacted countries reliant on WHO support. According to a recent WHO report, the organization will reduce its staff by approximately 25% by mid-2026. As of the end of 2024, the WHO had 9,457 staff members, the highest level in 15 years.

Sources say SpaceX could announce its agreement with XAI as early as this week.

Iranian Foreign Minister: Diplomacy and threats are incompatible.