1. Important macro news and events:
In order to further release the consumption potential of residents and promote a stable start of the economy in the first quarter, the national development and Reform Commission issued a notice on doing a good job in promoting consumption in the near future. The notice proposed ten measures, including taking multiple measures according to local conditions to meet residents' Festival consumption needs, creating an upgraded version of online festival consumption, effectively expanding County Rural Consumption and taking advantage of the trend to expand residents' ice and snow consumption, Vigorously improve the supply of cultural, tourism and leisure services, and further stimulate the new vitality of smart retail.
US manufacturing output fell unexpectedly by 0.3% in December, after economists expected it to grow by 0.3%; The University of Michigan consumer confidence index fell to 68.8 in January from 70.6 in December last year, the second lowest in a decade, lower than the median expected by economists surveyed; U.S. retail sales fell 1.9% month on month (MOM) in December last year, far less than economists had expected, and the largest decline in 10 months. Germany's GDP growth of 2.7% in 2021 is in line with expectations, but still lower than the level before the crisis; In November 2021, Britain's GDP increased by 0.9% month on month, and its economic scale exceeded the level before covid-19 epidemic for the first time, an increase of 0.7% compared with February 2020.
