EUR/USD
1.13987
0.112%
Gold
4043.50
0.372%
Oil
81.033
3.451%
USD/JPY
163.658
-0.123%
GBP/USD
1.33032
0.114%
GBP/JPY
217.723
0.005%
Real-time News
July 29th - UK government bond yields rose as renewed fighting between the US and Iran led to higher oil prices and heightened inflation concerns. On Tuesday, Iran launched a missile attack on US forces in Jordan; simultaneously, US and Saudi forces launched strikes against Iranian-backed militias in Iraq. As a result, Tradeweb data shows that the yield on 10-year UK government bonds rose 1.2 basis points to 4.969%. Investors are currently awaiting the Federal Reserves interest rate decision later today, as well as the Bank of Englands interest rate decision on Thursday.On July 29th, Commerzbank economist Antje Praefcke stated in a report that the dollar could fall if the Federal Reserve prompts the market to reduce its expectations for a rate hike later this year. A Fed statement or Fed Chairman Warshs press conference might suggest that the bank believes inflation risks are manageable and temporary. Given the recent decline in energy prices and lower-than-expected June inflation data, Warsh is unlikely to adopt an extremely "tightening" stance in support of policy tightening. Therefore, upward pressure on the dollar driven by rising rate hike expectations is also unlikely.July 29th - Gina Kim, Emerging Markets Equity Portfolio Manager at Nordea Asset Management in Singapore: Given that the core argument remains valid, the current sell-off in the South Korean stock market appears to have irrational, panic-driven elements, primarily concentrated in AI-related technology stocks. Some of the sell-off can be reasonably explained – for example, risk aversion ahead of the summer holidays, margin requirements, and recent news reports regarding the sustainability of AI capital expenditures. We have reduced some of our larger technology stock holdings due to single-stock limitations rather than fundamental reasons.On Wednesday, July 29, the Shanghai Gold Exchanges gold T+D contract closed down 0.08% at 881.8 yuan/gram; the Shanghai Gold Exchanges silver T+D contract closed up 1.5% at 14219.0 yuan/kilogram.On July 29th, in response to reports that it planned to raise 2 billion to 3 billion yuan in its first round of external financing, OceanBase stated that the company is fully committed to data technology and product innovation in the AI era and will continue to maintain open communication with the capital market. However, OceanBase did not provide further details regarding the financing scale, the investment institutions it is in talks with, or specific progress.
