China Capital Stock Exchange (CIMC) had an eye-catching performance on Tuesday: Ctrip rose nearly 20percent and Sogou surged more than 10percent.

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 China Capital Stock Exchange (CIMC) had an eye-catching performance on Tuesday: Ctrip rose nearly 20percent and Sogou surged more than 10percent.


U.S. stocks fell slightly on Tuesday as investors focused on the latest trade negotiations and global economic growth prospects. By the end of the day, the Dow had fallen 13.02 points, or 0.05%, to 25806.63, the Nasdaq had fallen 0.02%, to 7576.36, and the S&P 500 had fallen 0.11% to 2789.65. Quincy Krosby, chief market strategist at Prudential Financial, believes that U.S. stocks are currently facing a key resistance level, temporarily slowing down the pace of growth and observing all aspects of information is a healthy performance.

Boston Federal Reserve Chairman Rosengren said it was appropriate for the Federal Reserve to suspend interest rate hikes, and the FOMC might continue to wait patiently for the next several monetary policy meetings to observe the development of the economic situation. He predicts that the U.S. economy will grow by more than 2% this year. Despite rising wage pressures, inflation has performed fairly well so far.

In terms of data, new home sales in December rose by 3.7% year-on-year, with seasonally adjusted annual growth of 621,000 households, a seven-month high, but the U.S. housing market is still facing a test. Last weeks Keith Schillers quarterly housing price index in 20 major cities grew by only 5.03% year-on-year, the lowest growth rate since the Trump election. The ISM non-manufacturing index of the United States reported 59.7 in February, better than market expectations. The new orders and business activity index both reached 13-year highs, but the employment sub-index hit a new low since June 2018. Good economic data pushed the dollar index up 0.2% to 96.84, the fifth consecutive day of gains.

Tajit, the retail giant, surged 5%, with the latest earnings showing that its holiday season revenue of $22.97 billion, or $1.53 per share, was better than market expectations. Among them, same-store sales grew by 5.3%, and online sales grew by more than 25%. Kohls latest revenue and earnings agreed better than expected, with same-store sales up 1% and its share price up 7.3%.

GE dived nearly 7% on the disc and ended up losing 4.7%. CEOLarry Culp warned that industrial cash flows could be negative this year and that Alstoms power business is facing a test.

Technology stocks rose and fell, with Facebook up 2.3%, Google up 1.4%, Nairobi up 0.9%, and Apple and Amazon down about 0.2%. Chip stocks fell by 3.6% in Western China, 2.6% in Meguiar and 1.5% in Microcore Technology.

In terms of Chinas stock market, Huya rose nearly 22%, Ctrip rose 19.4%. The companys latest earnings were better than expected. In the era of Sogou and Huanju, the company rose more than 10%, Baidu rose 4%, Jingdong rose 1.6%, and Alibaba fell 1.2%. Interesting headlines once fell by nearly 13%, the latest earnings report showed that the companys fourth quarter earnings were not up to expectations, with 30.9 million daily users, an increase of 224.2% year-on-year.

U.S. oil slightly drops, cloth oil slightly rises

The news of the resumption of production of Libyas largest oil field temporarily offset OPECs downturn as international oil prices fluctuated narrowly on Tuesday. By the end of the session, WTI crude oil main contract had fallen 0.05% to $56.56 a barrel.

Brent crude oil main contract rose 0.29% to $65.86 a barrel.

International oil prices have risen by more than 20% since this year. In addition to the 1.2 million barrels per day reduction in OPEC output, U.S. sanctions on Iran and Venezuela have also limited market supply. U.S. crude oil production capacity and inventories remain important factors in suppressing oil prices, and the market is expected to stabilize this week after last weeks decline in inventories. According to the latest data, API crude oil stocks increased by 7.29 million barrels in the week of March 1, which was larger than market expectations, and USOC dived 0.5% in the short term.

Industrial metals rose by 1.1%, to $6478/ton, aluminum by 0.1%, to $1874/ton, nickel by 3.0%, to $13650/ton, zinc by 1.1%, to $2780/ton, lead by 0.6%, to $2101/ton, tin by 0.5%, to $21565/ton.

According to the latest data from Marex Spectron, a British commodity broker, copper stocks fell to 118,600 tons, a new low since 2008, with a net long position of 13.6%, a new high in nearly a year. Lunz registered inventory was reported at 448,000 tons, a record low.

European stocks closed higher

By the end of the day, the Stoke 600 index in Europe rose 0.15% to 375.64, the FTSE 100 index in Britain rose 0.69% to 7183.43, the DAX30 index in Germany rose 0.24%, to 11620.74, and the CAC40 index in France rose 0.21% to 5297.52. Communications sector led the way up by 0.7%. Vodafone announced that it would issue 4 billion euros of convertible bonds. The companys share price rose by more than 2%. The automotive and industrial sectors did not perform well. British Secretary of State Barclays and Chief Prosecutor Cox arrived in Brussels on Tuesday. They will meet with EU Chief Representative Barnier to make final efforts to revise the agreement. If the two sides can reach a consensus on Irelands reserve agreement, the possibility of the British Parliament passing the agreement will be increased. The pound/dollar bottomed out, trading at 1.3180. Source: First Financial Responsibility Editor: Wang Fengzhi_NT2541

By the end of the day, the Stoke 600 index in Europe rose 0.15% to 375.64, the FTSE 100 index in Britain rose 0.69% to 7183.43, the DAX30 index in Germany rose 0.24%, to 11620.74, and the CAC40 index in France rose 0.21% to 5297.52. Communications sector led the way up by 0.7%. Vodafone announced that it would issue 4 billion euros of convertible bonds. The companys share price rose by more than 2%. The automotive and industrial sectors did not perform well.

British Secretary of State Barclays and Chief Prosecutor Cox arrived in Brussels on Tuesday. They will meet with EU Chief Representative Barnier to make final efforts to revise the agreement. If the two sides can reach a consensus on Irelands reserve agreement, the possibility of the British Parliament passing the agreement will be increased. The pound/dollar bottomed out, trading at 1.3180.