EUR/USD
1.04942
0.762%
Gold
2770.94
0.593%
Oil
74.367
0.328%
USD/JPY
155.902
-0.105%
GBP/USD
1.24848
1.076%
GBP/JPY
194.641
0.975%
Real-time News
January 26th news, recently many German companies, including energy supplier Badenova, housing construction company Viebrockhaus and drugstore chain Rossmann, have stated that they will no longer buy new Tesla cars because of the words and deeds of Tesla CEO Elon Musk that have caused their dissatisfaction.Xiaomi Auto: It has reached charging network cooperation with 13 operators, and more than 1.02 million charging piles have been included in the "Xiaomi Charging Map".On January 26, the National Development and Reform Commission issued the "Notice on Further Improving the Quality of Medical Security for College Students". Recently, the responsible person of the Employment Department of the National Development and Reform Commission answered reporters questions about the "Notice". The "Notice" puts forward 10 specific policy requirements from four aspects, including "expanding the coverage of basic medical insurance for college students", "consolidating and improving the level of medical security for college students", "strengthening diversified medical security for college students" and "doing a good job in the transfer and continuation of basic medical insurance relations for college students", mainly including: clarifying the task objectives of college students participation in insurance; creating convenient conditions for college students to participate in insurance; improving the incentive policy for college students to participate in insurance and pay premiums; improving the medical insurance treatment policy for college students; doing a good job in the filing management of college students medical treatment in other places; improving the medical assistance policy for college students; supporting social forces to provide precise assistance; giving full play to the role of various commercial insurances in supplementary security; doing a good job in the transfer and continuation of basic medical insurance relations for college students; and doing a good job in the connection of medical insurance benefits for college students. After the implementation of the "Notice", through the integration and coordination of various security resources, the policy "shortcomings" will be made up, and the level of medical security supply for college students will be improved, which will play a positive role in economic development and improvement of peoples livelihood security.On January 26, the central bank significantly reduced the amount of medium-term lending facilities on January 24, which attracted market attention. Industry experts said that although the scale of MLF operations has dropped significantly, the central bank has not reduced medium-term liquidity injection, but replaced MLF with large-scale reverse repurchase. At the same time, a number of monetary policy tools are still working together to ensure that the capital market remains stable before and after the Spring Festival, supporting credit injection and government bond issuance at the beginning of the year.On January 25, Societe Generale said that we expect the European Central Bank to cut its key policy rate by 25 basis points at next weeks meeting, which will reduce the deposit rate to 2.75%. The market generally expects the bank to cut interest rates again in March, when new data and forecasts will help to frame the discussion about the neutral level. This did not prevent several members of the Governing Council from expressing a preference for continuing to cut interest rates to 2% at subsequent meetings, but this may be precautionary guidance ahead of potentially disruptive US trade policies. It is also possible that, especially if the data continues to show resilience as we expect, the ECB will feel the need to move to quarterly interest rate decisions after March. This will help it better understand how the economy is developing and where the neutral may be. At present, we expect the ECB to cut interest rates again in April, with a terminal rate of 2.25%.
