Today's data selection: Bank deposit interest rates may continue to fall this year; the south will experience intensive rainfall for up to 10 days
Recently, many bank deposit products have undergone intensive adjustments. Around May Day, many banks including China Everbright Bank and Ping An Bank announced that they had or would remove “smart notice deposit” products from their shelves. Minsheng Bank will stop selling large-denomination certificates of deposit products with maturities of six months and above on May 7, and many banks have tightened the quota for large-denomination certificates of deposit. In addition to reducing high-interest deposit products, experts said that bank deposit interest rates may also continue to fall this year.
On May 10, gold prices resumed their upward trend.
COMEX gold futures prices hit $2,382 per ounce during the day, setting a new high in nearly a month.
Precious metals generally rose in the domestic futures market. As of the close, Shanghai gold futures closed at 561.4 yuan/gram, closing up 2.29%, and Shanghai silver futures closed up 4.04%.
Liu Tingyu, fund manager of Yongying Fund, told China Business News that the overall stance of the recent Federal Reserve interest rate meeting was dovish, coupled with factors such as non-farm employment data being significantly lower than expected and the unemployment rate rising, which jointly catalyzed the shock and strength of gold prices.
On the news, the latest weekly number of initial jobless claims in the United States released overnight exceeded market expectations and hit a new high since August last year. The recently released U.S. non-agricultural data also fell short of expectations, boosting gold prices.
In terms of economic data, the number of people filing for unemployment benefits in the United States last week was 231,000, a new high since August last year; as of the week of April 27, the number of people continuing to apply for unemployment benefits in the United States was 1.785 million, unchanged from expectations and higher than expected. This is higher than the previous value of 1.774 million.
According to the analysis of the Precious Metals Business Department of ICBC, in terms of the global macro environment, the U.S. labor market continues to cool down, raising market expectations for U.S. interest rate cuts. The Federal Reserve has stated that it will consider cutting interest rates if the job market deteriorates. There is still uncertainty about the direction of U.S. inflation in the next few months. ; In addition, the Bank of England kept interest rates unchanged and is expected to cut interest rates more than current market expectations.
In the first quarter of this year, my country's furniture export industry delivered an impressive report card. Data show that from January to March, my country's export volume of furniture and supporting products reached 124.14 billion yuan, an increase of 23.5% compared with the same period last year. Among all furniture products exported overseas, smart furniture products are especially favored by overseas users. For example, ergonomic chairs with massage functions and smart lift tables with memory functions have become popular export products. What smart furniture have you used?
This week, Coca-Cola Japan announced on its official website that it will increase the prices of a large number of its products, including various types of Coca-Cola in plastic bottles and cans, with an increase of up to nearly 20%. At the same time, prices of many Apple tablets have also increased, generally costing about 10,000 yen. Affected by persistent inflation, a large number of commodities in Japan have increased in price. However, the real wages of Japanese people have fallen year-on-year for 24 consecutive months, setting a record for the longest period in history.
After a brief pause for a few days, extremely heavy rains appeared again in South China. Beginning in the early morning of May 10, the rain in Qinzhou, Guangxi "exploded". The reappearance of extremely heavy rain also heralded the end of the weakening rainfall period in the south in the past few days, and a new round of intensive rainfall period lasting nearly 10 days. will open again. It is expected that from the night of May 10th to the 12th, there will be heavy rains or torrential rains and local heavy rains in parts of the eastern part of Southwest China, Jiangnan, and South China, with cumulative precipitation of 30-80 mm and local 100-150 mm. Generally speaking, there will still be heavy rainfall in the south in the next ten days, with heavy cumulative rainfall and strong short-term rainfall in some areas. It is necessary to pay attention to the secondary disasters that may be caused by the superposition of rainfall.
