EUR/USD
1.17731
-0.098%
Gold
5171.57
-1.086%
Oil
66.786
0.841%
USD/JPY
155.186
0.338%
GBP/USD
1.34848
-0.042%
GBP/JPY
209.276
0.307%
Real-time News
Singtel will have priority access to some of Nvidias next-generation chips.Japanese heavy machinery and defense stocks fell, with Mitsubishi Heavy Industries down 2.6% and Kawasaki Heavy Industries down 4.3%.Hong Kong stocks opened lower and continued to decline, with the Hang Seng Index falling by 2% and the Hang Seng Tech Index dropping 2.51%. Technology stocks declined, with Kingdee International (00268.HK) falling nearly 9% and SenseTime (00020.HK) falling 5.8%.The Federation of Automobile Manufacturers of Thailand: Thailands automobile production increased by 10.53% year-on-year in January, compared with 8.56% year-on-year growth in December.February 24th, Futures News: Loan Prime Rates (LPRs) were released as scheduled today, with all maturities remaining unchanged. 1. Latest Quotes: On February 24th, the 1-year and 5-year LPRs were 3.0% and 3.5% respectively, remaining unchanged for the ninth consecutive month. The spreads added to the 7-day reverse repo rate remained at 160 and 210 basis points respectively. 2. Reasons for Stability: The 7-day reverse repo rate remained stable in February, and the LPR pricing basis remained unchanged. Wang Qing, Chief Macro Analyst at Orient Securities, explained that at the end of the fourth quarter of last year, commercial banks net interest margin remained at a historical low of 1.42%, and quoting banks lacked the incentive to actively lower the LPR quote spread. 3. Urgency of Interest Rate Cuts: Ming Ming, Chief Economist at CITIC Securities, stated that as of December last year, the weighted average interest rate for general loans in my country had fallen to a historical low of 3.55%. Given the relatively low financing costs for the real economy and the need to repair bank interest margins, the urgency for domestic interest rate cuts is not high. 4. Market Outlook: Wang Qing predicts that monetary policy will be in an observation period in the short term. A comprehensive policy-driven interest rate cut is likely to be implemented in the second quarter, leading to a decline in the LPR (Loan Prime Rate), which in turn will guide corporate and household loan interest rates downward. Interviewees expect that there will be ample room for monetary policy to remain moderately loose throughout the year.
