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Real-time News
February 2nd - Data shows that despite a return to growth in output, Eurozone factory activity remained in contraction territory for the third consecutive month in January, dragged down by persistently weak new orders. The final Eurozone manufacturing PMI for January was 49.5, higher than the nine-month low of 48.8 in December and slightly higher than the preliminary reading of 49.4, but still below the 50-point threshold separating expansion from contraction. Cyrus de la Rubia, chief economist at Commerzbank Hamburg, stated, "There has been some progress in manufacturing, but at a snails pace." As a key component of the overall index, the manufacturing output index rose to 50.5 in January from 48.9 in December, regaining the 50-point threshold and indicating moderate output growth. However, new orders declined for the third consecutive month. Although the decline in new orders in January was less severe than in December, it still dragged down the overall index. Factories have cut jobs for the 32nd consecutive month, although the pace of cuts was the slowest since September of last year. Input costs rose at their fastest pace in three years, mainly driven by rising energy prices.On February 2nd, the State Administration for Market Regulation, together with ten other departments including the Central Air Traffic Management Office and the National Development and Reform Commission, jointly released the "Guideline for the Construction of a Low-Altitude Economy Standard System (2025 Edition)." The guideline focuses on five core areas: low-altitude aircraft, low-altitude infrastructure, low-altitude air traffic management, safety supervision, and application scenarios. It aims to establish a "four-dimensional integration" standard supply system that integrates technical standards with management regulations, domestic standards with international rules, mandatory standards with recommended standards, and basic standards with scenario-based standards. By 2027, a basic low-altitude economy standard system will be established, largely meeting the needs of the safe and healthy development of the low-altitude economy. By 2030, more than 300 standards will be established in the low-altitude economy field, forming a structurally optimized, advanced, reasonable, and internationally compatible low-altitude economy standard system, providing strong support for the safe and healthy development of the low-altitude economy.The final reading of the Eurozone manufacturing PMI for January was 49.5, below the expected 49.4 and the previous reading of 49.4.February 2nd - Data shows that German manufacturing had a positive start to the year, after a brief contraction in December. The final January manufacturing PMI rose to 49.1 from 47.0 in the previous month, slightly higher than the preliminary reading of 48.7, reaching a three-month high, but still below the 50-point threshold separating expansion from contraction. This rebound was driven by a slight increase in new orders, the first rise in three months, but employment continued to decline at a significant pace, reflecting ongoing corporate restructuring and unfilled job vacancies. Cyrus de la Rubia, chief economist at Commerzbank Hamburg, said, "Its somewhat like a recovery may have begun. Output has rebounded quickly from the December decline, and optimism about future output has risen further from an already high level, with new orders also increasing slightly." Regarding the employment decline, he said that companies that have streamlined their production processes may be well-positioned if demand recovers this year. Manufacturers remain optimistic about the outlook for next year, with the expectations index rising to a seven-month high.February 2nd - Tongyuan Petroleum fell 14.21% today, with a turnover of 2.698 billion yuan and a turnover rate of 41.29%. Post-market data shows that five institutional investors made a net purchase of 216 million yuan.
