[Information guide].
The US PPI rose month-on-month in January at its highest in five months.
France lowered its economic growth forecast for 2024 to 1%.
The Central Bank of Russia announced that it would maintain its benchmark interest rate at 16%.
[Market Information].
The U.S. bond market will be closed on Monday (Feb. 19), and the investment-grade bond market will usher in about $45 billion in bond issuance amid a "shrinking" trading day.
The preliminary U.S. University of Michigan consumer sentiment index was 79 in February6, expected 80, previous value 79.
According to data released by the U.S. Department of Commerce on the 16th, the annual rate of new housing starts in the United States in January was 13310,000 units, lower than the market expectation of 1.47 million units and the upward revision of 156 units in the previous month20,000 sets. During the same period, the number of new housing permits in January was 1.47 million units on an annual basis, below market expectations of 1.51 million units and a revised 149 units in the previous month30,000 sets.
According to data released by the U.S. Department of Labor on the 16th, the U.S. producer ** index (PPI) in January was 03%, the largest increase since August 2023.
Fed's Bostic said that given the current economic situation, the Fed does not need to rush to cut interest rates; The strong economy supports the Fed's cautious adjustment of monetary policy and will continue to work to bring inflation down to 2%. Bostic expects the Fed to cut interest rates twice in 2024.
Fed's ** Daly said that the Fed's three rate hikes this year are the benchmark for reasonable expectations. Policymakers need to be aware of two risks when setting monetary policy, namely slow progress in reducing inflation and a sudden deterioration in the labor market.
Bank of America said it was difficult to draw strong conclusions about the direction of the economy from January's volatile data, and investors should remain on the sidelines. The Fed is still expected to start cutting rates in June, although it prefers to delay them.
ECB Executive Board member Schnabel said that the continued low productivity growth, and even negative growth recently, increases the risk that companies will pass on higher wage costs to consumers, which could delay the return of inflation to the 2% target.
According to data released by the German Federal Statistical Office on the 16th, Germany's wholesale ** index fell by 2 year-on-year in January7%。The wholesale ** index rose 01%, the first month-on-month slight since September 2023**.
France's Le Maire announced that France's economic growth in 2024 will increase from 14% to 1% and announced plans to cut spending by 10 billion euros. Le Maire said that spending on all ministries and some projects will be cut to make up for the shortfall in output.
According to data released by the British Office for National Statistics on the 16th, in January this year, retail sales in the United Kingdom increased by 3 percent month-on-month4%, retail sales increased by 39%。
The Central Bank of Russia announced on the 16th that it would keep the benchmark interest rate unchanged at the current level of 16%.
Bank of Japan Governor Kazuo Ueda said that the Bank of Japan will carefully study various data and information in the hope of confirming whether there is a virtuous cycle of wage and price strengthening.
According to data released by the Korea ** Association, the export value of Korean automobiles to the United States in 2023 will increase by 44% year-on-year6% to $32.2 billion, a record high.
Since the beginning of this year, Zimbabwe's currency, the new Zimbabwean dollar, has depreciated sharply. Zimbabwe** said it would introduce strong measures to stabilize the exchange rate of its currency in the near future. Zimbabwe*** has revealed that it is considering using ** to support its currency.
Egypt plans to negotiate a settlement with other BRICS countries** from US dollars to local currency.
[Global Market Dynamics].
The Dow Jones Industrial Average was 145 on the 16th compared to the previous trading day13 points, closed at 3862799 points, a decrease of 037%；S&P 500 Index 24At 16 points, it closed at 500557 points, a decrease of 048%；Nasdaq Composite Index**13052 points, closed at 1577565 points, a decrease of 082%。
NYMERX March Delivery of Light ***1$16, closed at $79 per barrel$19, an increase of 149%；Brent *** 0$61, closing at $84 per barrel$47, an increase of 074%。
The most actively traded April futures price on the New York Mercantile Exchange *** market**9$2 per ounce at 20241 US dollar, an increase of 046%。
U.S. Dollar Index**002%, closing at 104 at the end of the foreign exchange market277。1 euro for 1$0777, up from $1 in the previous session$0769; 1 pound to 1$2,606, up from $1 in the previous session$2,596; 1 dollar to 15024 yen, up from 149 in the previous session96 yen; 1 USD to 0CHF 8,810, up from 0CHF 8,800; 1 dollar for 13,491 Canadian dollars, up from 1CAD 3470.
The offshore yuan rose 50 basis points against the dollar to 72127, up 61 basis points last week.
The yield on the 2-year Treasury note rose 7 basis points to 4652%, and the yield on the 3-year Treasury note rose 6 basis points to 4422%, and the yield on the 5-year Treasury note rose 61 basis point at 428%, and the yield on the 10-year Treasury note rose 49 basis points at 4284%, and the yield on the 30-year Treasury note rose 28 basis points at 4439%。
[Intraday focus].
The New York Stock Exchange of the United States was closed for one day due to **, and the trading of CME Group's *** US *** contract ended at 03:30 Beijing time on the 20th, and the trading of the stock index ** contract ended at 02:00 Beijing time on the 20th.
Editor: Wang Xiaowei.
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