Macro Daily: Putin announced the recognition of Wudong two regions as independent countries, and the global risk assets continued to fluctuate sharply

Macro important news and events:

Russian President Vladimir Putin issued a national video speech, announcing the recognition of the people’s Republic of Donetsk and the people’s Republic of Lugansk, which are claimed by the civil armed forces in eastern Ukraine, as independent countries. After Putin’s speech, the EU said that the EU would take sanctions against those involved in “this illegal act”. The White House said that Russia had been expected to recognize the independence of Donetsk and Lugansk, and the United States was ready to respond immediately. US President Biden will sign an executive order as soon as possible to prohibit new investment, trade and financial exchanges between American citizens and Donetsk and Lugansk regions.

The six major banks of Industrial And Commercial Bank Of China Limited(601398) , Agricultural Bank Of China Limited(601288) , Bank Of China Limited(601988) , China Construction Bank Corporation(601939) , Bank Of Communications Co.Ltd(601328) , Postal Savings Bank Of China Co.Ltd(601658) lowered the housing loan interest rate in Guangzhou from the 21st. Among them, the preferential approval interest rate of the first house is reduced from the previous LPR + 100bp (5.6%) to LPR + 80bp (5.4%), and the preferential approval interest rate of the second house is reduced from the previous LPR + 120bp (5.8%) to LPR + 100bp (5.6%).

An Iranian Foreign Ministry spokesman said that significant progress has been made in the current negotiations, but the remaining issues are the most difficult and critical. Iran is waiting for Europe and the United States to make a decision, but at present, they have not shown their due seriousness. There is still a long way to go before reaching an agreement aimed at saving Iran’s nuclear agreement. According to sources, the implementation rate of OPEC + production reduction in January further increased to 129% from 122% last month, indicating that some oil producing countries are still facing difficulties in increasing production

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