[Information guide].
The U.S. unemployment rate was flat at 3 month-on-month in January7%
Chief Economist of the Bank of England: There is still some way to go before the first rate cut.
South Korea's CPI in January was **2 year-on-year8%
[Market Information].
According to data released by the U.S. Department of Labor on the 2nd, the U.S. unemployment rate was flat at 3 month-on-month in January this year7%, and the number of new jobs in the non-agricultural sector was 3530 thousand.
According to data released by the U.S. Department of Commerce, the value of new orders for manufactured goods in the United States in December 2023 was $594.3 billion, an increase of 02%, below market expectations of 04% and 2 for the previous month6%。
Final data released by the University of Michigan showed that the U.S. consumer confidence index was 79 in January, higher than 78The preliminary value of 8 is the highest level since July 2021.
Fed's ** Goolsbee said that the labor market remains strong and will alleviate the Fed's concerns about employment targets; The weakness in total hours worked in January's employment data suggests that the report is not as strong as the headline suggests; If there is a positive** shock to the economic system, there will be no longer a need to wait for interest rate cuts.
The Deutsche Bank report notes that the market will have five to six rate cuts in the U.S. this year, and that the Fed's interest rate will fall by more than 100 basis points by the end of the year, but rates may not fall as sharply as they are.
BoE Chief Economist Peel said that while there are signs that interest rates may have peaked, they are still some way from the first rate cut.
ECB Executive Board member Elderson said that it is a misconception that the choice between stability and climate risks is determined to bring inflation back to the target level of 2% and that good progress is being made.
France's industrial production rose 09%, and the expected decrease is 02%, the previous value rose 06%；Up 11%, expected to rise 02%, the previous value rose 05%。
Turkey's central bank said it was determined to continue tightening monetary policy; will be vigilant against inflation expectations; If the inflation outlook deteriorates, action will be taken.
South Korea's CPI in January was **2 year-on-year8%, the first time in six months that it fell below 3%; Core CPI**26%, the lowest increase since November 2021.
Presenting the outlook for interest rate policy, Bank Indonesia Governor Perry Warjiyo said that the room for easing in the second half of the year will depend on the Indonesian rupiah exchange rate.
[Global Market Dynamics].
The Dow Jones Industrial Average was 134 from the previous session58 points, closed at 3865442 points, an increase of 035%；S&P 500 Index 5242 points, closed at 495861 points, an increase of 107%；Nasdaq Composite Index**26731 points, closed at 1562895 points, an increase of 174%。
The most actively traded April futures price on the New York Mercantile Exchange was 17$4 and closed at $2,053 an ounce$7, a decrease of 084%。
NYMERX March Delivery of Light ***104 US dollars, closed at 72 per barrel$78, a decrease of 141%；Brent ***1 for April delivery$37, closed at $77 per barrel$33, a decrease of 174%。
U.S. Dollar Index**085%, closing at 103922。1 euro for 1$0793, down from $1 in the previous session$0873; 1 pound to 1$2,639, down from $1 in the previous session$2,747; 1 dollar for 14833 yen, up from 146 in the previous session27 yen; 1 USD to 0CHF 8,666, up from 0CHF 8,576; 1 dollar for 1C$3,461, up from 13386 Canadian dollars.
The onshore yuan was quoted at 7 against the US dollar at 16:30 on the 2nd1793, up 15 basis points from the previous trading day**39 basis points; The night session closed at 71940。The offshore yuan fell 283 basis points to 7 against the dollar2161, down 276 basis points last week.
U.S. Treasury yields collectively **, with the 2-year U.S. Treasury yield up 159 basis points at 4376%, the yield on the 3-year Treasury note rose 164 basis points to 4152%, and the yield on the 5-year Treasury note rose 165 basis points at 3987%, the yield on the 10-year Treasury note rose 138 basis points at 4025%, the yield on the 30-year Treasury note rose 101 basis point at 4224%。
[Intraday focus].
15:00 Seasonally adjusted December 2023 in Germany** account.
16:50 France services PMI final value in January.
16:55 Germany's services PMI final value (January).
17:00 Eurozone services PMI final value (January).
17:30 Eurozone Sentix Investor Confidence Index (February).
17:30 UK services PMI (January).
18:00 Eurozone PPI MoM (December 2023).
22:45 US Markit services PMI final value in January.
Editor: Wang Xiaowei.
Statement: Xinhua Finance is a national financial information platform undertaken by Xinhua News Agency. In any case, the information published on this platform does not constitute investment advice. If you have any questions, please contact customer service: 400-6123115