In January, the PMI of Caixin service industry was 51.4, and the growth rate slowed down
China’s January Caixin service PMI was 51.4, down 1.7 percentage points month on month. Overall, it shows that the activity of the service industry has expanded slightly, but the growth rate has slowed to the lowest in nearly five months. Combined with the previously announced January Caixin manufacturing PMI fell 1.8 percentage points to 49.1, and January Caixin comprehensive PMI fell 2.9 percentage points to 50.1, slightly higher than the boom and bust line. The slowdown in the expansion momentum of Caixin’s PMI may be mainly due to the strict epidemic prevention measures distributed locally in China in January and the weak supply and demand in the local Spring Festival, which restricts the overall speed of the expansion of the service industry. Combined with January manufacturing pmi50 1 fell by 0.2 percentage points, which is also in the expansion range, but decreased by 0.2 compared with last month. It shows that the overall recovery trend of China’s economy continues, but the boom level has dropped. January belongs to the off-season of traditional manufacturing industry. The trend of Caixin comprehensive PMI is generally consistent with that of official manufacturing industry. In the future, under the “triple pressure” and a series of measures to stabilize growth, it is expected that the follow-up PMI is expected to continue to be stable.
The financing balance decreased. On January 28, the balance of A-share financing was 1620.238 billion yuan, a month on month decrease of 28.146 billion yuan; The balance of margin trading was 1713.167 billion yuan, a decrease of 30.487 billion yuan month on month. The balance of financing minus securities lending was 1527.308 billion yuan, a month on month decrease of 25.806 billion yuan.
Net capital inflow to the north. On February 7, the net purchase transaction of land stock connect on that day was 5.552 billion yuan, including 61.359 billion yuan of purchase transaction and 55.807 billion yuan of sales transaction, with a cumulative net purchase transaction of 1656.904 billion yuan. Hong Kong stock connect had a net purchase transaction of HK $1.397 billion on that day, including a purchase transaction of HK $17.466 billion and a sale transaction of HK $16.069 billion, with a cumulative net purchase transaction of HK $2230.022 billion.
Money market interest rates fluctuated. On February 7, Bank Of Shanghai Co.Ltd(601229) inter-bank offered rate Shibor overnight interest rate was 2.1120%, down 4.30bp, Shibor week was 2.1020%, down 17.00bp. The weighted interest rate of pledged repo of deposit institutions was 2.1080% overnight, down 6.17bp and 2.0898% a week, down 21.58bp. The 10-year maturity yield of China national debt was 2.7256%, up 2.59bp.
Most of the three major U.S. stocks fell, while European stock markets generally rose. On February 7, the Dow Jones Industrial Average closed at 35091.13 points, closing 0.00% flat; The S & P 500 index closed at 4483.87 points, down 0.37%; The NASDAQ index closed at 14015.67, down 0.58%. European stock markets, French CAC index closed at 7009.25 points, up 0.83%; Germany’s DAX index closed at 15206.64 points, up 0.71%; The FTSE 100 index closed at 7573.47, up 0.76%. In the Asia Pacific market, the Nikkei index closed at 27248.87 points, down 0.70%; The Hang Seng Index closed at 24579.55, up 0.03%.
The dollar index fell. On February 7, the dollar index fell 0.06% to 95.4120. The euro fell 0.08% against the dollar to 1.1442. The dollar fell 0.10% against the yen to 115.0850. The pound fell 0.03% against the dollar to 1.3527. The spot exchange rate of RMB against the US dollar closed at 6.3578, up 0.09%. The spot exchange rate of offshore RMB against the US dollar closed at 6.3616, up 0.00%. The central parity rate of RMB against the US dollar closed at 6.3580, up 0.26%.
Gold rose and crude oil fell. On February 7, Comex gold futures rose 0.69% to close at US $1821.20/oz. WTI crude oil futures fell 0.32% to close at US $91.63/barrel. Brent crude oil futures rose 0.46% to close at US $92.95/barrel. COMEX copper futures fell 0.49% to close at US $4.4840/lb. LME copper three-month futures fell 0.25% to close at US $9850 / ton.
