EUR/USD
1.18071
0.143%
Gold
4914.86
5.499%
Oil
61.195
-1.413%
USD/JPY
155.560
-0.024%
GBP/USD
1.36787
0.078%
GBP/JPY
212.790
0.063%
Real-time News
ECB Loan Survey: Banks expect net increase in loan demand from businesses and households in the first quarter.The European Central Banks lending survey reported that credit standards for businesses unexpectedly tightened overall in the fourth quarter, while mortgage lending standards eased slightly.On February 3rd, Li Xunlei, chief economist of Zhongtai Securities, recently shared his views on the impact of the housing and stock markets on consumption and key policy areas. He pointed out that rising housing prices can effectively boost consumption, while a bull market in stocks has a less significant effect on consumption. Li Xunlei analyzed that while it is often believed that a rising stock market will create a wealth effect, thereby promoting consumption, the actual impact is limited. Although the total number of stock accounts is approximately 130 million, the number of active accounts is only around 70 million, which is not high relative to my countrys population of 1.4 billion. In contrast, the housing market accounts for about 60% of total household assets and is linked to 20 to 30 upstream and downstream industries, with a long industrial chain and a significant multiplier effect. Therefore, once the housing market recovers, its impact on consumption and the overall economy is more pronounced. Li Xunlei emphasized that to achieve stable development of the housing market, fiscal and monetary policies must work together to provide strong support.European Commissioner Albuquerque: Europe must maintain control over the key technologies that underpin our economy.February 3rd - Hong Kong stocks opened slightly higher but then weakened throughout the day before recovering somewhat. At the close, the Hang Seng Index rose 0.22%, while the Hang Seng Tech Index fell 1.07%. Optical communication stocks rose, with Huiju Technology (01729.HK) surging nearly 13% and Yangtze Optical Fibre and Cable (06869.HK) rising over 12%. Gold stocks rallied sharply in the afternoon, with Chifeng Gold (06693.HK) and Zijin Mining International (02259.HK) both rising over 7%. Power equipment stocks strengthened, with Harbin Electric (01133.HK) rising nearly 9%. Chip stocks rebounded, with GigaDevice (03986.HK) and ASMPT (00522.HK) both rising over 4%. In addition, non-ferrous metals, building materials and cement, heavy machinery, commercial aerospace, photovoltaic solar energy, logistics, and home appliances also saw gains throughout the day. Leading tech stocks have been declining for several days, with Kuaishou (01024.HK) falling over 4% and Baidu (09888.HK) dropping over 3%. In contrast, MINIMAX-WP (00100.HK) has been rising for several days, gaining over 10% intraday, while Zhipu (02513.HK) has risen over 8%.
