EUR/USD
1.17895
0.108%
Gold
4895.90
2.468%
Oil
62.842
-0.130%
USD/JPY
157.034
0.003%
GBP/USD
1.35873
0.419%
GBP/JPY
213.371
0.441%
Real-time News
February 6th - With the Japanese House of Representatives election approaching this weekend, the cost of default protection on Japanese government bonds has risen, and investors are remaining cautious ahead of the vote. Patrick Munnelly of Tickmill Group stated in a report that the market is "betting on a victory for Prime Minister Sanae Takaichis ruling Liberal Democratic Party in the upcoming election." S&P Global Market Intelligence data shows that the spread on Japans 5-year sovereign credit default swaps rose by 1 basis point to 26 basis points.February 6th - As tech stocks slumped, companies whose businesses are difficult for artificial intelligence to replace emerged as new winners. The S&P 500 fell 2% this week, mainly dragged down by software companies, while homebuilders, transportation companies, and heavy machinery manufacturers recorded strong gains. Consumer staples companies, considered a safe haven during economic downturns, rose 4.7%, on track for their best weekly performance since 2022. "Investors are rotating into AI-resistant sectors, those industries with physical, real-world elements. These sectors are good safe havens," said Michael ORourke, chief market strategist at JonesTrading. For example, homebuilders and building product manufacturers. Citigroup analyst Anthony Pettinari pointed out that these companies core activities (manufacturing, distribution, and assembly) are not areas that artificial intelligence can replace. "Ultimately, humans still need to go to the site to build houses," said Jay McCanless, an analyst at Citizens.On February 6, Li Qiang chaired an executive meeting of the State Council, which discussed and approved in principle the "Draft Amendment to the Bidding Law of the Peoples Republic of China," deciding to submit the draft to the Standing Committee of the National Peoples Congress for deliberation. The meeting pointed out that this amendment should be used as an opportunity to reform and improve the bidding system and mechanisms, break down hidden barriers, improve bid evaluation methods, increase transparency, severely crack down on illegal activities, and address both the symptoms and root causes to promote the standardized and healthy development of the bidding market.On February 6th, Premier Li Qiang chaired an executive meeting of the State Council. The meeting noted that, thanks to unremitting efforts, my countrys air quality has significantly improved in recent years, and the peoples sense of well-being has continuously increased. The newly revised "Ambient Air Quality Standards" sets higher requirements for the annual average PM2.5 concentration target. It is necessary to adhere to planning guidance, strengthen policy support, ensure overall coordination and alignment with the new standards, improve support policies in areas such as finance, science and technology, and pricing, strengthen governance and joint prevention and control in key areas, continuously improve governance effectiveness, and safeguard our beautiful blue skies.On February 6, Premier Li Qiang chaired an executive meeting of the State Council, which pointed out that promoting effective investment plays a crucial role in stabilizing economic growth and enhancing the momentum of development. The meeting stressed the need to innovate and improve policies and measures, and to make better use of funds such as central government budgetary investment, ultra-long-term special treasury bonds, local government special bonds, and new policy-based financial instruments. It also emphasized the need to integrate the formulation and implementation of the 15th Five-Year Plan with a focus on long-term development needs and building future competitive advantages, and to deeply plan and promote a number of major projects and key engineering projects in key areas such as infrastructure, urban renewal, public services, emerging industries, and future industries. Furthermore, the meeting stressed the importance of better leveraging the role of central and state-owned enterprises in expanding investment, increasing support for private investment, and forming a synergy to promote effective investment.
