Six EU countries call for lowering G7 price cap on Russian oil
Posted: Tue Feb 11, 2025 5:53 am
2. China's exports in December increased by 10.7% year-on-year in US dollars, exceeding expectations
In terms of US dollars, China's exports in December were US$335.627 billion, up 10.7% year-on-year, in line with expectations of 7.3% and the previous value of 6.70%; imports were US$230.789 billion, up 1% year-on-year, in line with expectations of -1.5% and the previous value of -3.9%. China's trade surplus in December was US$104.84 billion, compared with expectations of US$99.8 billion and the previous value of US$97.44 billion.
3. US interest rate futures pricing suggests the Federal Reserve may not cut interest rates this year
U.S. interest rate futures on Monday no longer fully priced in even one rate cut from the Federal Reserve this year, after strong monthly jobs data released last Friday highlighted the resilience of the U.S. economy. A sell-off in U.S. Treasuries this month amid expectations of rising inflation and borrowing costs has pushed up 10-year Treasury yields and fusion data reinforced investor belief that the Federal Reserve may have less room to cut interest rates than previously expected.
Six EU countries called on the European Commission to lower the $60 a barrel price cap set by the Group of Seven for Russian oil, saying it would reduce Moscow's revenue for military action in Ukraine without causing a market shock.
1. State Council Office: Actively develop the first-launch economy, support the opening of first stores and flagship stores, and hold first shows, performances, and exhibitions
The General Office of the State Council issued "Several Measures on Further Cultivating New Growth Points and Prospering Cultural and Tourism Consumption", actively developing the first launch economy, supporting the opening of first stores and flagship stores, and holding first shows, premier performances, and first exhibitions. Develop a multi-channel art trading market. Research and formulate relevant management standards for low-altitude flight tourism products, and encourage the creation of diversified and differentiated low-altitude flight tourism products on the premise of ensuring safety. Launch and implement the ice and snow tourism improvement plan to improve the quality of ice and snow tourism product supply.
In terms of US dollars, China's exports in December were US$335.627 billion, up 10.7% year-on-year, in line with expectations of 7.3% and the previous value of 6.70%; imports were US$230.789 billion, up 1% year-on-year, in line with expectations of -1.5% and the previous value of -3.9%. China's trade surplus in December was US$104.84 billion, compared with expectations of US$99.8 billion and the previous value of US$97.44 billion.
3. US interest rate futures pricing suggests the Federal Reserve may not cut interest rates this year
U.S. interest rate futures on Monday no longer fully priced in even one rate cut from the Federal Reserve this year, after strong monthly jobs data released last Friday highlighted the resilience of the U.S. economy. A sell-off in U.S. Treasuries this month amid expectations of rising inflation and borrowing costs has pushed up 10-year Treasury yields and fusion data reinforced investor belief that the Federal Reserve may have less room to cut interest rates than previously expected.
Six EU countries called on the European Commission to lower the $60 a barrel price cap set by the Group of Seven for Russian oil, saying it would reduce Moscow's revenue for military action in Ukraine without causing a market shock.
1. State Council Office: Actively develop the first-launch economy, support the opening of first stores and flagship stores, and hold first shows, performances, and exhibitions
The General Office of the State Council issued "Several Measures on Further Cultivating New Growth Points and Prospering Cultural and Tourism Consumption", actively developing the first launch economy, supporting the opening of first stores and flagship stores, and holding first shows, premier performances, and first exhibitions. Develop a multi-channel art trading market. Research and formulate relevant management standards for low-altitude flight tourism products, and encourage the creation of diversified and differentiated low-altitude flight tourism products on the premise of ensuring safety. Launch and implement the ice and snow tourism improvement plan to improve the quality of ice and snow tourism product supply.