EUR/USD
1.04802
0.190%
Gold
2945.19
0.359%
Oil
70.191
0.058%
USD/JPY
149.475
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GBP/USD
1.26526
0.177%
GBP/JPY
189.127
0.410%
Real-time News
On February 24, a survey showed that German business sentiment unexpectedly stagnated in February, posing a problem for the future government after the election. Data from the German think tank IFO showed that its business climate index remained flat at 85.2 in February after a slight upward revision to 85.2 in January, while the market predicted that the index would rise to 85.8. The conservative CDU/CSU led by Merz won the election on Sunday, promising to cut red tape, encourage investment and lower energy prices to boost Germanys shrinking economy. The IFO conducted a monthly survey of about 9,000 companies, and the results showed that the current situation index unexpectedly fell to 85.0 in February from 86.0 in January, while the expectations index rose to 85.4 from 84.3.On February 24, Loongson Technology stated in the investor relations activity record that from the demand point of view, the demand for servers from industry customers is much greater than the demand for servers from party and government customers. Currently, Loongsons server CPUs on sale are the 5000 series, which is also our first server product. It has made certain breakthroughs in the energy, operator and other industries. This year we will launch a new server product 3C6000 series, and we hope that the cost-effectiveness of 3C6000 will also be recognized by customers like 3A6000. There will be some choices in market layout, focusing on "point" applications first, such as the storage server field, and we hope to make breakthroughs in "points" first.Meitu (01357.HK) founder Cai Wensheng reduced his shareholding from 23.02% to 20.62%.On February 24, Canalys latest research showed that in 2024, the Latin American smartphone market will grow by 15%, with shipments hitting a record high of 137 million units. The growth was mainly driven by the recovery of device demand, and the replacement cycle and the aggressive promotional strategies of manufacturers also played an important role. Samsung still topped the market, with shipments increasing by 12% to 42.9 million units. Despite a year-on-year decline of 4%, Motorola still maintained its second position with shipments of 22.8 million units. At the same time, Xiaomi followed closely behind, with shipments increasing by 20% year-on-year to 22.7 million units, and the gap between the two sides further narrowed. Xiaomi is expected to surpass Motorola in the region. With a growth rate of 40%, Transsion has consolidated its fourth position in the Latin American market, with shipments reaching 12.8 million units. Honor, on the other hand, entered the top five for the first time with an astonishing year-on-year growth of 79%, with shipments reaching 8 million units, mainly driven by its rapid expansion in the Central American market, with a year-on-year growth of more than 200% in the region.The euro rose after Sundays German federal election, but the election result was not a big deal for the currency market, Ulrich Leuchtmann, a currency analyst at Commerzbank, said in a report on February 24. He said that pre-election polls showed that a coalition between the CDU/CSU alliance and the Social Democratic Party looked feasible. He said: "Any positive factors in the euro are quite surprising, indicating that the foreign exchange market is still worried about a disruptive outcome." The weaker dollar also helped the euro.
