Core Viewpoint - The A-share space photovoltaic concept stocks experienced a collective decline following rumors of an investigation by Elon Musk's team, leading to significant drops in several companies' stock prices. Group 1: Company Responses - Junda Co. stated that space photovoltaic technology is still in the preliminary exploration stage, with no orders or revenue related to this sector, and their main business remains focused on ground photovoltaic fields [1] - Jingcheng Machinery emphasized that the application scenarios for space photovoltaics are still exploratory, and the industrialization process faces uncertainties, with no substantial impact on current business performance [1] - Shuangliang Energy clarified that they have not engaged in space photovoltaic business and that the related application scenarios are still in the exploration phase, with no significant impact on current performance [1] - Guosheng Technology clarified that their heterojunction (HJT) battery components are primarily used in ground-based power plants and do not involve space photovoltaic business [2] Group 2: Industry Insights - The photovoltaic industry is undergoing a deep adjustment period, with significant challenges in supply-demand mismatches, and the focus will be on addressing "involution" within the industry [2] - Despite the recent stock declines, some brokerages remain optimistic about the long-term prospects of space photovoltaics, suggesting that it is on the verge of large-scale deployment [2] - CITIC Securities projects that the market space for photovoltaic cells in the satellite sector could reach 328.8 billion yuan, indicating a potential growth of over 30 times compared to the current market [3]

Core Viewpoint - ArcelorMittal reported a 1.7% year-on-year decline in revenue for 2025, amounting to $61.4 billion, primarily due to falling steel prices and weak European demand [2] Financial Performance - The average global steel price decreased by 2.3%, leading to a 7.3% drop in EBITDA to $6.54 billion [2] - Adjusted net profit increased by 26.3% year-on-year to $2.938 billion, with adjusted earnings per share rising to $3.85 from $2.95 in 2024 [2] Future Outlook - The company is optimistic about its prospects for 2026, planning to increase capital expenditures to $4.5-5 billion, up from $4.3 billion in 2025 [2] - A dividend of $0.60 per share will be distributed to shareholders, reflecting a 9% increase from the previous year's $0.55 [2] Market Context - The CEO highlighted that trade wars and tariffs, particularly in Europe through the carbon border adjustment mechanism, are expected to benefit domestic steel production and demand [2]

截至2026年2月4日，港股IPO排队企业总共390家，其中有13家企业已通过聆讯。另外，东鹏饮料、国恩科技等股票已于2月上市。 1月有13只新股上市 2026年1月，港交所共有13只新股上市，合计募资总额达392.55亿港元，较2025年12月上市募资规模增超四成。 1月上市新股中，壁仞科技募资总额达64.2亿港元，规模最大。MINIMAX-WP紧随其后，募集约55.4亿港元。此外，豪威集团、兆易创新、智谱募资超过40 亿港元。 新华财经北京2月6日电新华财经和面包财经研究员根据香港交易所披露信息，对港股IPO排队及新上市企业进行了梳理统计。其中，港股IPO排队企业选取 依据为审核状态为已刊登申请版本、已刊登聆讯后资料集。 1月，港交所共有13只新股上市，合计募资总额达392.55亿港元，规模环比增超四成。其中，壁仞科技、MINIMAX-WP首发募集总额居前，分别达64.2亿港 元、55.4亿港元。 根据公开信息，截至2026年2月4日（下同），港交所的IPO排队企业总共390家。其中，主板IPO排队企业数量达384家，创业板（GEM，下同）排队企业6 家。 按审核进度汇总，已刊登申请版本的企业有377家， ...

新华财经北京2月5日电欧洲央行日内宣布将三大关键利率维持不变，存款机制利率、主要再融资利率和 边际借贷利率分别维持在2.00%、2.15%、2.40%，符合市场预期。 政策声明重申，欧元区经济在充满挑战的全球环境中保持韧性，低失业率、稳健的私营部门资产负债 表、国防与基础设施公共支出的逐步推出以及此前降息的支持效应，共同支撑增长。但前景依然不确 定，主要源于持续的全球贸易政策不确定性和地缘政治紧张局势。 欧洲央行决心确保通胀在中期稳定在2%的目标，并将遵循"依赖数据、逐次会议"的方式来确定适当的 货币政策立场。 欧洲央行强调，不会预先承诺特定的利率路径，保留了政策的灵活性，利率决策将基于对通胀前景及其 风险的评估。 分析称，自去年12月以来公布的欧元区数据并未显示有调整货币政策的必要。欧洲央行官员多次重申当 前货币政策处于"合适的位置"，除非经济遭遇明确冲击，否则不会因偏离2%通胀目标的小幅或短期波 动而作出反应。欧洲央行管委会成员科赫尔此前表示，鉴于全球形势不稳定，尤其是在贸易方面，欧洲 央行需要对利率问题保留所有可行的选项，拥有充分的双向选择权至关重要，货币政策必须能够迅速果 断地应对任何出现的风险。 根 ...

新华财经上海2月5日电（郭慕清 张天源）岁末年初，中国可控核聚变商业化进程迎来重要节点——上海接连见证多起标志性事件：由清华大学技术成果转 化而来的星环聚能完成由上海国资领投的10亿元A轮融资，并落地嘉定；由复旦科创、上海市未来产业基金等孵化的东昇聚变亦获红杉中国、高瓴、鼎晖百 孚等顶级机构数亿元注资；此外，聚焦核聚变产业链关键系统的超磁新能（上海）科技有限公司近日完成数亿元天使轮融资。 可控核聚变产业已上升为国家战略。国家"十五五"规划建议提出，前瞻布局未来产业，推动量子科技、生物制造、氢能和核聚变能等成为新的经济增长点。 我国核能领域首部基础性法律《中华人民共和国原子能法》也于今年1月15日正式施行，其中明确，国家鼓励和支持受控热核聚变的科学研究与技术开发。 伴随技术突破与政策利好持续释放，核聚变赛道热度再创新高，众多立足高校成果转化和高水平科研人员输出的优质企业在这个冬季悄然发力。 业内人士表示，上海正迅速崛起为全球聚变企业融资"首选地"，在商业化前夜抢占全球能源变革先机。这三起标志性融资共同勾勒出上海的"终极能源"雄 心：不只要参与全球竞速，更要成为聚变能源从科学走向产业的核心引擎。 产业生态"三位一 ...

新华财经北京2月5日电欧洲央行公布2月货币政策决议，决定维持三大关键利率不变，评估确认通胀将 在中期稳定于2%的政策目标水平。 欧央行重申，将坚定确保通胀在中期稳定于2%目标，货币政策立场将遵循数据依赖、逐次会议评估原 则，利率决策将综合通胀前景及相关风险、最新经济金融数据、核心通胀走势与货币政策传导效果综合 研判，且未承诺特定的利率调整路径。 整体来看，本次欧央行利率持稳，是在 "控通胀" 和 "稳增长" 之间的平衡选择：既体现出对通胀中期回 归 2% 目标的信心，也对经济前景的不确定性保持谨慎，而 "数据依赖、逐次评估" 的政策原则，意味 着后续利率调整无固定路径，欧元区通胀、就业、经济增长等核心数据将成为政策转向的关键指引，也 将主导欧元区资产价格的后续走势。 本次决议明确，存款便利利率、主要再融资操作利率、边际贷款便利利率分别维持在2.00%、2.15%和 2.40%。资产购买计划（APP）和大流行紧急购买计划（PEPP）持仓正以可衡量、可预测的节奏缩减， 欧元体系不再对到期证券的本金回款进行再投资。 对于金融市场，本次利率决议直接熨平短期波动，同时显著降温市场对欧央行的宽松预期。债市方面， 利率未作 ...

Core Viewpoint - The Bank of England's Monetary Policy Committee (MPC) decided to maintain the benchmark interest rate at 3.75%, marking the sixth consecutive time the rate has remained unchanged, with a previous rate cut occurring in August 2024 [1] Inflation Trends - The UK's CPI inflation rate is projected to be 3.4% by December 2025, still above the 2% target but down 0.4 percentage points from the peak in September [2] - Inflation is expected to accelerate its decline starting in April 2025, potentially reaching 2.1% by the second quarter of 2026, driven by energy subsidies and falling wholesale gas prices [2] - Key measures contributing to the decline in inflation include energy bill reductions and extended fuel tax cuts [2] Economic Growth - The UK economy is experiencing persistent weakness, with potential GDP growth of only 0.1% in the fourth quarter of 2025, significantly impacted by tightened monetary policy and uncertainty [3] - A slight recovery in growth is anticipated in the first quarter of 2026, with an expected increase to 0.2%, although household consumption and business investment remain weak [3] - The savings rate continues to be higher than pre-pandemic levels [3] Labor Market - The unemployment rate is stable at 5.1%, with a further loosening of the labor market indicated by a decrease in job vacancy rates [4] - Private sector wage growth has slowed to 3.6%, while public sector wage growth remains high at 7.9% [4] - The unemployment rate is projected to rise to 5.3% by mid-2026 [4] Policy Direction and Risk Balance - The MPC emphasizes that the core goal of monetary policy is to ensure inflation not only returns to 2% but remains stable at that level in the medium term [5] - While the risk of sticky inflation has significantly decreased, weak demand and a loose labor market may still pose risks of inflation falling below the target [5] - Future interest rate cuts are possible but will be approached with caution, depending on inflation outlook; rapid or excessive cuts could lead to sticky inflation, while insufficient cuts may exacerbate economic downturn risks [5] - Factors such as AI technology application, global trade policy changes, and energy price fluctuations will be key variables affecting future inflation and economic growth, with the Bank of England monitoring these risks closely [5]

（文章来源：新华财经） 美国至1月31日当周初请失业金人数23.1万人，高于预期和前值。 ...

英国央行副行长拉姆斯登称，近期看到更多黄金从英国央行金库流出。 （文章来源：新华财经） ...

沪银主力合约日内跌超13%。 （文章来源：新华财经） ...