Domestic News:
1. Wang Yi met with Rubio at the Chinese consulate in Munich.
2. The China Securities Regulatory Commission (CSRC) severely punished Tianfeng Securities for illegal and irregular activities.
3. The Ministry of Industry and Information Technology held a plenary meeting of the Leading Group for the Development of the Low-Altitude Air Conditioning Industry.
4. The CSRC launched an investigation into Ingenic Semiconductor for suspected misleading statements in its information disclosure.
5. The State Financial Regulatory Commission, together with the State Administration for Market Regulation and the People's Bank of China, held talks with six ride-hailing platform companies.
6. A spokesperson for the Ministry of Commerce answered reporters' questions regarding the ruling in the Nexperia semiconductor case announced by the Netherlands: The urgent task is to restore the stability and smooth flow of the global semiconductor supply chain, which is a common interest of the international industry, including China and the Netherlands.
7. The People's Bank of China (PBOC) reported that total social financing in January reached 7.22 trillion yuan, 166.2 billion yuan more than the same period last year; at the end of January, M2 balance was 347.19 trillion yuan, up 9% year-on-year; M1 balance was 117.97 trillion yuan, up 4.9% year-on-year; M0 balance was 14.61 trillion yuan, up 2.7% year-on-year; and RMB loans increased by 4.71 trillion yuan in January.
International News:
1. The US military deployed its second aircraft carrier to the Middle East.
2. The Federal Reserve plans to appoint Wall Street bank lawyer Quinn as its director of regulatory affairs.
3. The Central Bank of Russia lowered its interest rate from 16% to 15.5%, while market expectations remained unchanged.
4. OPEC+ is reportedly leaning towards resuming oil production increases starting in April, causing a sharp drop in international oil prices in the short term.
5. US Treasury Secretary Bessenter: The Senate Banking Committee agreed to proceed with the hearings on Warsh's nomination to the Federal Reserve.
6. British media reports that Trump plans to ease tariffs on some metals such as steel and aluminum; US Treasury Secretary: The decision on whether to reduce the scope of tariffs will be made by Trump.
7. Russian Presidential Press Secretary Peskov: A new round of Russia-US-Ukraine talks will be held in Geneva, Switzerland, from February 17th to 18th.
8. US CPI Report—
① The US core CPI annual rate fell to 2.5% as expected in January, a near 5-year low. The CPI annual rate fell to 2.4% more than expected, a new low since May last year.
② After the data release, spot gold rose more than $30 in the short term, the US dollar index fell 20 points, and US Treasury bonds and stocks rose.
③ Traders expect a 50% probability of the Federal Reserve cutting interest rates for the third time this year. The probability of a rate cut before April is 30%, and the probability of a rate cut before June is over 80%.
④ The money market expects a 40% probability of the European Central Bank cutting interest rates before December, compared to 30% before the US CPI release.
