EUR/USD
1.17924
-0.120%
Gold
4881.45
-1.696%
Oil
64.152
-0.125%
USD/JPY
157.138
0.168%
GBP/USD
1.36057
-0.341%
GBP/JPY
213.802
-0.150%
Real-time News
February 5th - Ahead of the Bank of Englands interest rate decision, the yield on 2-year UK government bonds edged lower. The market expects the Bank of England to keep interest rates unchanged at 3.75%. Investors will be watching for any signals from the central bank indicating a possible rate cut in the coming months. Tradeweb data shows that the yield on 2-year UK government bonds fell 2 basis points to 3.708%.On February 5th, Ministry of Commerce spokesperson He Yadong stated that in recent years, under the strategic guidance of the two heads of state, political mutual trust between China and Uruguay has deepened, and cooperation in various fields has steadily progressed. China has remained Uruguays largest trading partner for over a decade. China will work with Uruguay to implement the important consensus reached by the two heads of state, make good use of mechanisms such as the Bilateral Joint Commission on Economic and Trade Cooperation, and promote the improvement, efficiency, and deepening of China-Uruguay economic and trade cooperation. At the Ministry of Commerces regular press conference that day, a reporter asked: Uruguayan President Orsi visited China, leading a large business delegation composed of entrepreneurs. What important progress has been made in economic and trade relations? He Yadong explained that during the visit, the two heads of state held talks, pointing the way for the development of bilateral economic and trade relations. Under the joint witness of the two heads of state, the Chinese Ministry of Commerce and the Uruguayan Ministry of Foreign Affairs signed a Memorandum of Understanding on Deepening Cooperation in Facilitating Bilateral Trade, confirming that they will strengthen cooperation in areas such as supply chains, standards and conformity assessment, trade facilitation and digitalization, and green trade, and promote high-quality development of bilateral trade.According to CNN: U.S. Senator Warren has launched an investigation into the auto loan industry.February 5th – On February 4th, Wan Jinsong, Vice Minister of the National Energy Administration of China, met with Petrobras President Ceboré in Beijing. The two sides held in-depth exchanges on cooperation in oil and gas, renewable energy, and energy transition. Wan Jinsong stated that under the strategic guidance of the two heads of state, practical cooperation between China and Brazil in the energy sector has continued to deepen, achieving a series of positive results. Petrobras is an important partner of Chinese enterprises, and he hoped that both sides would uphold the principle of mutual benefit and win-win cooperation, continue to strengthen exchanges, consolidate and expand cooperation, and jointly promote the economic and social development of both countries, benefiting the people of both nations. Ceboré stated that Brazil highly values its cooperation with Chinese partners and hopes to further expand cooperation with Chinese enterprises in various fields such as oil and gas, renewable energy, technology and equipment, investment, and engineering services.February 5th - Michael Pfister of Commerzbank stated in a report that if the Bank of England keeps interest rates unchanged in its policy decision but simultaneously raises market expectations for future rate cuts, the pound could face further declines. The market anticipates a 7-2 vote from the Bank of England to hold rates steady. Pfister said, "If the vote is more divided than expected, the market is likely to bet on a rate cut in advance, which would weaken the pound." The Bank of England will also release its first economic forecasts since the UK budget in November last year. Pfister indicated that these forecasts could pave the way for larger rate cuts.
