Category: Flash News

On February 7th, the Federal Aviation Administration of the United States announced on February 6th local time that it is reviewing nearby airports with high mixed traffic of helicopters and planes after the collision of two planes in Washington. In addition, the Chairman of the National Transportation Safety Board of the United States stated that according to cockpit voice recorders, the pilot of the helicopter involved in the Washington collision wore night vision goggles.

On February 7th, with the continued activity of the capital market, the performance of securities firms in 2024 has attracted much attention. As of February 6th, 17 listed securities firms have disclosed their 2024 performance forecasts or performance reports, and 13 securities firms have disclosed their unaudited financial statements for 2024 through their parent companies. Top securities firms such as CITIC Securities and Guotai Junan continue to consolidate their market leading positions, with net profit growth rates exceeding 10% year-on-year; Although the net profit scale of small and medium-sized securities firms is small, their performance elasticity is greater. Self operated business has become the core driving force for securities firms’ performance growth in 2024. Industry insiders suggest that with the recovery of the A-share market in 2024, there is a strong certainty of improved performance for securities firms. It is recommended to focus on investment opportunities in the securities sector brought about by improved performance. (China Securities Journal)

On February 7th, in fact, it is not just holiday special products. Several banks and bank wealth management company personnel confirmed to reporters that there are special wealth management products similar to window funds in the market – high-yield ranking products. In the early stage of issuance, they attract investors with high yields, but after a period of time, the product yield will “plummet”. Everything is for the sake of quantity. Nowadays, the competition in the wealth management industry is fierce, and some wealth management institutions will do whatever they want to attract attention and sell well. At the beginning, they will launch small-scale wealth management products worth one or two million yuan, because the scale is small, it is easy to achieve high returns. Then, when laying out channels, due to their good historical performance, the sales agencies will place them at the forefront of the recommendation list. After the product opens up the subscription limit, it quickly attracts hundreds of millions or even billions of yuan of funds, but such high returns cannot be sustained in the long run and will fall down after a period of time. This is not a secret in the industry, and even bank channel parties will actively inquire about relevant matters. “A person from a wealth management company told reporters. (China Securities Journal)

On February 7th, the disclosure of the 2024 performance forecast came to an end, and the overall performance of the non-ferrous metal industry in the Shanghai Stock Exchange achieved strong growth, with related companies delivering impressive results. According to statistics, among the 29 non-ferrous metal companies in the Shanghai Stock Exchange, 22 achieved pre increase, turnaround, and loss reduction, with a good news rate of 75%. According to the upper limit of the performance forecast, the total profit is about 77 billion yuan, a year-on-year increase of 64%. Leading enterprises such as Zijin Mining, Luoyang Molybdenum, and Aluminum Corporation of China are leading the market with “acceleration”, demonstrating the resilience and vitality of the industry. Industry insiders indicate that considering the strong support for non-ferrous metal consumption demand in 2025, it is expected that non-ferrous metal prices will continue to strengthen. (Shanghai Stock News)

On February 7th, Federal Reserve Governor Logan stated that the choice for 2025 can be attributed to either resuming interest rate cuts “as soon as possible” or maintaining interest rates unchanged “for a considerable period of time”. If the US job market deteriorates, the Federal Reserve may cut interest rates. The labor market maintaining a strong state may mean that policy interest rates are approaching neutral levels. 2% inflation is not a necessary condition for FOMC to cut interest rates. Major central banks must anchor inflation expectations. Changes in trade policies may continue to affect the economy.

On February 7th, the State Administration for Financial Regulation recently disclosed the operating situation of the insurance industry in 2024. Data shows that in 2024, the insurance industry achieved a total of 5.7 trillion yuan in original insurance premium income and 2.3 trillion yuan in original insurance compensation expenses. Calculated on a comparable basis, they increased by 5.7% and 19.4% respectively compared to the previous year. At the same time, the total assets of the insurance industry continued to grow. As of the end of 2024, the total assets of the insurance industry were 35.91 trillion yuan, an increase of 19.86% compared to the end of 2023; Net assets amounted to 3.32 trillion yuan, an increase of 21.57% from the end of 2023. Looking ahead, industry insiders believe that driven by factors such as the integration of reporting and banking, dynamic adjustment of predetermined interest rates, and strong demand for insurance, the cost of insurance industry debt is expected to continue to optimize, and the debt side is expected to continue to grow steadily. At the same time, with the entry of medium and long-term funds into the market and the recovery of the equity market, the investment side of the insurance industry is also expected to improve. (China Securities Journal)

On February 7th, Pinterest’s fourth quarter revenue was $1.15 billion, with analysts expecting $1.14 billion; Adjusted EBITDA for the fourth quarter was $470.9 million, with analysts expecting $447 million; The monthly active users in the fourth quarter were 553 million, with analysts expecting 54742 million; The ARPU for the fourth quarter was $2.12, with analysts expecting $2.10. Expected revenue for the first quarter is 837-852 million US dollars, with analysts expecting 835 million US dollars; Expected adjusted EBITDA for the first quarter is between $155 million and $170 million, with analysts expecting $141.5 million.

On February 7th, Amazon’s US stock market fell more than 6% after trading. On the news front, Amazon expects a net sales revenue of $151 billion to $155.5 billion in the first quarter, with a market estimate of $158.64 billion; Expected operating profit of $14 billion to $18 billion, with an estimated $18.24 billion.

On February 7th, Goldman Sachs stated that as the central bank continues to purchase gold and ETF holdings gradually increase after the Federal Reserve cuts interest rates, this will continue to support its forecast for gold prices to reach $3000 per ounce in the second quarter of 2026. If the uncertainty of tariffs weakens and investment positions return to normal, it is expected that there will be moderate tactical downward space for gold prices. Due to the potential continued escalation of policy uncertainty in the United States, leading to increased demand for safe haven among central banks and investors, there is an upward risk to the gold target of $3000 per ounce.

On February 7th, federal judge John Cowell in Washington state ruled on February 6th local time to prevent President Trump’s previous executive order to repeal “birthright citizenship” from taking effect. This is the second time in two days that a US federal judge has imposed an injunction on the executive order.