Russia launched a special military operation, the gold shock was about $100, and the oil price rose by 8% and almost all the gains were given back... What happened last night and this morning?
Russia launches military operations against Ukraine All tasks of the Armed Forces of the Russian Federation were completed on the same day
Ukraine decided to sever diplomatic ties with Russia and ordered compulsory conscription
Biden: The U.S.-Russia relationship has completely broken down, reiterating that there will be no war in Ukraine
Russia: Will respond to U.S.-Europe sanctions with tit-for-tat
Multiple Fed officials have suggested that rate hikes are still on the way
The United States will work with other countries to release more oil from the global strategic crude reserves
The State Council approved the "14th Five-Year Plan" Implementation Plan for the Development of the Urban Agglomeration in the Middle Reaches of the Yangtze River
Ministry of Finance: Will implement greater tax and fee reductions to improve the accuracy of expenditure
The SPC amends the Criminal Justice Interpretation on Illegal Fund-raising to add new types of behaviors such as P2P, virtual currency trading, and financial leasing
Ministry of Housing and Urban-Rural Development: Do not use real estate as a tool and means to stimulate the economy in the short term
【Market Inventory】
Spot gold on Thursday In the Asian session, the European session violently pulled up, the intraday once stood at $1970, hitting a new high for more than a year; the US session began to fall rapidly, falling nearly $100 to below 1880 from the daily high, and the end of the session rebounded slightly, closing at $1903.85 / ounce, down 0.19%; spot silver also gave back all gains, closing down 1.19% at $24.23 / ounce.
The dollar index continued to rally intraday, with the highest standing at 97.7, and the end of the session retreated, closing up 0.917% at 97.11 points; the 10-year US Treasury yield stopped falling and rebounded, recovering from a low of 1.85% to 1.97%.
The crude oil market also soared and plummeted, WTI crude oil rose more than 8% intraday, standing on the $100 mark, Brent crude oil once stood at $105, before the US session began to fall back, giving back most of the gains; WTI crude oil closed up 0.2% at $94.55 / barrel; Brent crude oil closed up 0.85% at $98 / barrel.
In terms of the stock market, Biden's speech boosted U.S. stocks, the three major stock indexes opened low and closed high, the Dow closed up 0.28% at 33223.83 points; the S&P 500 index closed up 1.5% at 4288.7 points; the NASDAQ closed up nearly 3.4%, with a single-day amplitude of nearly 7%.
European stocks fell sharply across the board, with the German DAX closing down 3.96% at 14052.1 points; the UK FTSE 100 closing down at 3.88%; and the European Stoxx 50 closing down 3.63% at 3829.06 points.
Hong Kong stocks repeatedly fell in the afternoon, the Hang Seng Index fell more than 860 points at most, compared with the beginning of January again lost the 23,000 mark, the Kox Index fell 5%, refreshing a new record low. As of the close, the Hang Seng Index closed down 3.21% at 22901.56 points; the Hang Seng Technology Index closed down 3.44%. Ali concept stocks, education stocks, auto stocks fell sharply, oil stocks performed strongly, gold stocks, gas stocks maintained a slight upward trend.
The three major A-share indexes maintained weak shocks after opening low, and continued to move lower in the afternoon, and the Shenzhen Composite Index and the ChiNext Index once fell by more than 3%, close to the end of the session, and the decline narrowed. The Shanghai index closed down 1.70% at 3429.96 points; the Shenzhen Component Index closed down 2.20%, and the ChiNext index closed down 2.11%. On the disk, oil, aviation, gas supply and heating sectors rose in the front; software services, Internet, culture, education and leisure and other sectors fell in the front.
The cryptocurrency rebounded violently after a sharp sell-off, with Bitcoin returning to around $38,000 and Ethereum falling as low as $2,300 and now recovering to around $2,600.
【International News】
Russian President Vladimir Putin said it was decided to launch a special military operation in the Donbass region. Since the start of the airstrikes, Russian troops have paralyzed 83 ground installations in Ukraine's military infrastructure. The Russian Ministry of Defense said that all the tasks set for the armed forces of the Russian Federation on the 24th have been completed. Western countries expect Kiev to fall into the hands of Russian troops within hours.
Ukrainian air defenses were destroyed and lost control of the Chernobyl nuclear facility
The Ukrainian side said that the conflict has caused 137 deaths and 116 injuries on the Ukrainian side; the Ukrainian army has lost control of the Chernobyl nuclear facility, and ukraine's air defense system has been basically destroyed. According to other data, Russia's Rostov region was shelled 14 times by Ukraine.
Ukraine decided to sever diplomatic relations with Russia and ordered compulsory conscription
Ukrainian President Zelenskiy said in a speech that Ukraine has decided to sever diplomatic relations with Russia. Ukraine's foreign minister has also called on allies to sever diplomatic ties with Russia. Zelenskiy ordered a mandatory conscription, the number of conscripts whose number has not yet been determined; Zelenskiy has previously said that the Ukrainian government has begun to issue weapons to all Ukrainians who have the ability and willingness to defend the country. Every Ukrainian with combat experience can join the fight.
BIDEN: The U.S.-Russia relationship has completely broken down and reiterated that there will be no war in Ukraine
U.S. President Joe Biden said in a speech on the situation in Ukraine that U.S.-Russia relations have now been completely broken and there are no plans to engage in dialogue with Russian President Vladimir Putin. The United States will freeze all Russian assets in the United States and is approving new sanctions, including exports. Biden said he and other G7 leaders agreed to push ahead with a "devastating" package of sanctions and other economic measures. Biden also said again that the US military will not fight Russia in Ukraine, but will defend every inch of NATO's territory.
U.S. State Department Official: The U.S. deports a senior Russian diplomat
U.S. State Department officials confirmed that the U.S. expelled diplomat number two from the Russian Embassy in Washington, D.C., which is reported to be a direct response to Russia's expulsion of U.S. diplomats and has nothing to do with the Ukraine crisis.
The EU imposes a further major package of sanctions against Russia
EU leaders agreed to impose sanctions on Russia's finance, energy and transport sectors, as well as export controls, blacklisting more Russians. European Commission President von der Leyen said it would freeze Russian assets in the EU and stop Russian banks from accessing European financial markets.
Britain announces latest sanctions against Russia: will "squeeze Russia out of the global economy"
British Prime Minister Boris Johnson said britain would freeze the assets of all major Russian banks and would legislate to prohibit all large Russian companies from financing in the British market, restrict Russian citizens' deposits in British bank accounts and ban the export of large quantities of high-tech products to Russia.
The Russian Foreign Ministry said the United States does not intend to hold talks on security and security issues, and Russia will respond to European and U.S. sanctions in a "tit-for-tat" manner.
Many countries proposed to kick Russia out of SWIFT Europe and the United States have no decision on this
Ukraine has repeatedly demanded that Russia be excluded from SWIFT, and british Prime Minister Johnson's sanctions proposal also has this option, but foreign media quoted sources as saying that the EU is unlikely to take the measure at this stage because European creditors will have difficulty recovering their funds; Biden said that there is almost no plan to use the measure at present.
Cleveland Fed President Mestre said the situation in Ukraine did not change the need for the Fed to withdraw from easing and could affect the speed of the Fed's withdrawal from easing, which is currently supportive of a rate hike in March. Atlanta Fed President Bostic also said he still expects to raise rates in March if the economy goes according to his expectations. Richmond Fed President Barkin said the Fed should normalize policy now.
ECB hawkish senior official: The Conflict in Ukraine could delay exiting the stimulus package
Ecbbank governing council member Holtzman said the Conflict in Ukraine could delay exiting the stimulus package. As uncertainty related to the conflict in Ukraine increases, the central bank will carefully analyze the possible economic impact of the crisis, and the central bank will still push for monetary policy normalization.
U.S. jobless claims fell more than expected
Initial jobless claims in the U.S. for the week ending Feb. 19 were recorded at 232,000, down from an expected 235,000. This suggests strong labor demand, and the analysis expects unemployment benefits to continue to decline in the coming weeks.
Russian oil prices are discounted to a record level
Traders and tanker companies feared the risk of sanctions against Russia, trading company Litasco SA offered to sell Russian crude at record discounts, specifically 100,000 tons of Ural crude at a discount of $11.20 per barrel from the benchmark Brent crude.
EIA crude inventories unexpectedly surged by more than 4 million barrels
U.S. EIA crude inventories rose 4.514 million barrels in the week ended February 18, the largest increase since the week of October 8, 2021, well beyond expectations of 442,000 barrels, and EIA Strategic Petroleum Reserve inventories fell by 2,444,000 barrels to 582.4 million barrels in the week, the lowest level since the week of September 6, 2002.
U.S. President Joe Biden said he is actively working with countries around the world to release more oil from the Strategic Petroleum Reserve (SPR) as needed and is working to secure global energy supplies. The U.S. is working with the International Energy Agency (IEA) to develop plans that are still in the early stages, the sources said.
Japan is considering further release of oil reserves
According to Japan's Kyodo News Agency, Japan is considering releasing oil reserves with the United States and other countries.
The Bank of Korea left its benchmark rate unchanged at 1.25% to raise its 2022 inflation forecast
The Bank of Korea left the benchmark rate unchanged at 1.25%, in line with expectations. The Bank of Korea expects economic growth of 3.0 percent in 2022, in line with previous expectations; inflation is expected to be 3.1 percent in 2022, up from 2.0 percent previously forecast.
【Domestic News】
The State Council approved the "14th Five-Year Plan for the Development of the Urban Agglomeration in the Middle Reaches of the Yangtze River", which requires highlighting the advantages and characteristics of Jiangxi, Hubei and Hunan provinces, and creating an important support for the development of the Yangtze River Economic Belt and the rise of the central region, an important growth pole for high-quality development in the country, and an important urban agglomeration with international influence.
Ministry of Finance: Greater tax and fee reductions will be implemented to improve the accuracy of expenditure
The Ministry of Finance released the "2021 Report on the Implementation of China's Fiscal Policy", saying that in 2022, it will implement greater tax reductions and fee reductions, implement the various tax reduction, tax mitigation and fee reduction policies that have been introduced in detail, and study and introduce some continuation policies after the expiration of the preferential enterprise policy on the basis of the evaluation of the policy effect. The fiscal deficit has been maintained at a reasonable level and the scale of fiscal expenditure has been expanded. Rationally arrange special bonds for local governments to support the construction of key projects; optimize the direction of bond use, do not sprinkle "pepper noodles", and focus on supporting follow-up financing of projects under construction.
The SPC amended the Criminal Justice Interpretation on Illegal Fund-raising to add new types of behaviors such as P2P, virtual currency trading, and financial leasing
The SPC issued a new revision of the Criminal Justice Interpretation on Illegal Fund-raising, adding new types of illegal ways of absorbing funds such as online lending, virtual currency trading, and financial leasing, and at the same time adding the situation of "illegally absorbing funds by providing 'pension services', investing in 'pension projects', selling 'elderly products'" in view of the prominent problems of illegal fundraising in the field of old-age care.
The National Development and Reform Commission has further improved the coal market price formation mechanism
The National Development and Reform Commission issued the Notice on Further Improving the Coal Market Price Formation Mechanism, which clarified three key policy measures: First, guide coal prices to operate within a reasonable range. The second is to improve the price transmission mechanism of coal and electricity。 The third is to improve the coal price regulation mechanism。
The Ministry of Housing and Urban-Rural Development said that it will continue to steadily implement the long-term real estate mechanism to ensure the just demand for housing and meet reasonable demand for improvement; vigorously increase the supply of affordable rental housing, this year the country will raise 2.4 million sets of affordable rental housing, and will accelerate the construction of the long-term rental housing market; unswervingly adhere to the "house is used to live, not to speculate" positioning, do not use real estate as a tool and means to stimulate the economy in the short term.
Ministry of Transport: Will urge the new formats of online ride-hailing and road freight to disclose pricing rules
The Ministry of Transport said that it urges major online ride-hailing platform companies and major road freight new format platform companies to disclose pricing rules to the public, and reasonably set pricing rules and percentages, and the upper limit of membership fees.
General Customs Administration: Wheat imports are allowed throughout Russia
In accordance with the relevant laws and regulations of the mainland and the provisions of the Supplementary Provisions of the General Administration of Customs of the People's Republic of China and the Ministry of Agriculture of the Russian Federation on the Protocol on Phytosanitary Requirements for Wheat Exported to China by Russia, wheat imports throughout Russia are allowed.
HKSAR's net gold exports to Chinese mainland in January were 24.016t
The HKSAR government said net gold exports to Chinese mainland were 24.016t in January 2022, compared with 25.446t previously. Total gold exports to Chinese mainland in January 2022 were 28.148 tonnes, compared with 27.843 tonnes previously.
Shanghai Gold Institute: Market risks have intensified, please do a good job in risk prevention
Shangjin reminds that the recent intensification of market risks and significant increase in price fluctuations, please do a good job in risk prevention, and remind investors to operate cautiously, invest rationally, reasonably control the scale of positions, and ensure the stable and healthy operation of the market.
Alibaba announces third-quarter earnings: revenue of 242.5 billion yuan 15 billion us dollars repurchase plan has been implemented 51%
Alibaba announced the third quarter of fiscal 2022, during which the company achieved revenue of 242.58 billion yuan, an increase of 10% year-on-year, and net profit of 20.429 billion yuan, down 75% year-on-year. The cumulative number of repurchases now accounts for 51% of the $15 billion share repurchase program.
Tesla denied "plans to increase Shanghai's annual production capacity to 2 million vehicles"
It is reported that Tesla plans to start building a new factory in Shanghai as soon as next month, increasing the production capacity in Shanghai to 2 million vehicles per year. Tesla insiders denied this news.
【Risk Warning】
☆ The Conflict between Russia and Ukraine continues to escalate, and after Russia launches a special military operation, it is necessary to continue to pay attention to the response of all parties on Friday, NATO will hold an online leaders' summit on Ukraine, and EU finance ministers will also hold a meeting to discuss Ukraine.
Fed Governor Waller will speak at 09:00 on the outlook for the U.S. economy at the University of California, Santa Barbara, and Waller has previously said he is not in favor of the Fed's 50 basis point rate hike in March.
☆ At 21:30 in the evening, the US core PCE price index for January will be released, and the market is expected to grow by 5.1% year-on-year, up from 4.9% last month; the month-on-month growth rate will remain at 0.5%.
☆ ECB President Christine Lagarde held a press conference after the Eurogroup meeting to pay attention to her remarks on the timing of the interest rate hike.