EUR/USD
1.17560
-0.201%
Gold
4666.98
-1.203%
Oil
96.537
4.918%
USD/JPY
157.091
0.234%
GBP/USD
1.35895
-0.280%
GBP/JPY
213.485
-0.045%
Real-time News
The Hang Seng Index and the Hang Seng Tech Index turned positive in the afternoon.Bank of Korea board member Shin Sung-hwan: Inflation risks make it difficult to cut interest rates.On May 11th, strategists at Daiwa Securities pointed out in a research report that the Bank of Japan may raise interest rates in tandem with the Ministry of Finances intervention in the foreign exchange market. The report noted similar situations occurred in 2022 and 2024 when Japan took action in the foreign exchange market. The strategists stated that it is worth watching whether US Treasury Secretary Bessenter will mention the need for the Bank of Japan to tighten monetary policy to help stabilize the foreign exchange market during his visit to Tokyo this week. Bessenter previously stated that he will meet separately with Japanese Prime Minister Sanae Takaichi and Finance Minister Satsuki Katayama in Tokyo on Tuesday.Google (GOOG.O): Launches AI-powered Google Finance service across Europe.On May 11th, Goldman Sachs postponed its forecast for the timing of Federal Reserve rate cuts, from September and December of this year to December 2026 and March 2027. The bank noted that high energy prices are likely to keep inflation high. Given that the ongoing Middle East conflict, which has lasted for 10 weeks, has driven up energy prices and led policymakers to remain vigilant about inflation risks, several global brokerages have lowered their expectations for US rate cuts in 2026. Currently, market opinions are divided, with some institutions predicting a slight easing, while others expect no rate cuts at all.
