EUR/USD
1.18064
-0.002%
Gold
4937.23
-0.573%
Oil
63.835
-0.618%
USD/JPY
157.078
0.130%
GBP/USD
1.36257
-0.194%
GBP/JPY
214.036
-0.041%
Real-time News
Hong Kong stocks closed higher, with the Hang Seng Index rising 0.14% and the Hang Seng Tech Index rising 0.74%. Southbound capital saw a net inflow of over HK$24.9 billion. New energy vehicle companies, aviation, telecommunications, biomedicine, domestic banks, and logistics concepts performed strongly, while non-ferrous metals, commercial aerospace, optical communications, chips, and photovoltaic solar energy concepts weakened.Volvo Cars CEO: U.S. tariffs had a significant impact in the fourth quarter.Oriental Selection (01797.HK) rose more than 10% in the afternoon.February 5th - ING analysts stated that ahead of the European Central Banks (ECB) interest rate meeting, the market generally believed that it would not take any action to change its policy direction. The regions economic growth outlook remains robust, and recent volatility in the foreign exchange and energy markets is clearly insufficient to trigger any immediate reaction. However, the ECBs "favorable position" is not without uncertainty; the market sees an opportunity for policy easing before the end of the year, with an implied probability of a rate cut this year of approximately 25%. Since the ECB will not release new forecasts at this meeting, the markets focus is on any potential adjustments to its communication methods and their impact on future policy responses. If the bank increases its focus on the foreign exchange market, or engages in more intense discussions surrounding it, this could be seen as lowering the threshold for further easing. This would confirm market expectations of a policy easing bias in the coming quarters.An Indian Ministry of Trade official said that India’s procurement volume will increase to $2 trillion over the next five years, of which the United States will provide $500 billion in supplies.
