EUR/USD 1.16338
-0.058%
Gold 3384.61
-0.263%
Oil 63.030
-0.136%
USD/JPY 147.578
0.106%
GBP/USD 1.34732
-0.028%
GBP/JPY 198.839
0.084%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Goldman Sachs: Oil supply is expected to expand, with an average supply of 1.8 million barrels per day from the fourth quarter of 2025 to the fourth quarter of 2026, which will lead to a cumulative increase of nearly 800 million barrels in global inventories by the end of 2026.On August 27th, profits of medium-sized and small industrial enterprises above designated size increased by 1.8% and 0.5% in July, respectively, after declining by 7.8% and 9.7% in June. This marked a significant improvement in profitability. Profits of private enterprises grew by 2.6% that month, 4.1 percentage points higher than the average for all industrial enterprises above designated size.The Hang Seng Index in Hong Kong opened up 101.25 points, or 0.4%, at 25,626.17 points on Wednesday, August 27; the Hang Seng Tech Index opened up 32.09 points, or 0.55%, at 5,814.33 points on Wednesday, August 27; the CSI 300 Index opened up 33.2 points, or 0.36%, at 9,181.86 points on Wednesday, August 27; and the H-share Index opened up 15.96 points, or 0.37%, at 4,359.81 points on Wednesday, August 27.Faraday Future (FFIE.O) announced today that its founder and global co-CEO, Jia Yueting (YT Jia), and FF Global President, Jerry Wang, have made their first purchase of FF common stock under their previously signed 10b5-1 trading plan. On August 25, 2025, Jia Yueting increased his holdings of FF common stock by approximately $200,000 (including fees), and Jerry Wang purchased approximately $25,000 (including fees) of FF common stock. Both purchases were made in strict accordance with the previously signed 10b5-1 plan and after the expiration of the cooling-off period. Jia Yueting will complete the remaining purchases under the plan over the next three weeks, and Jerry Wangs next purchase is expected to occur one month later.Hang Seng Index futures opened up 0.3% at 25,650 points, 115 points higher than the previous session.

0.8450 is being reached by EUR/GBP as the prospect of a UK recession looms

Daniel Rogers

Aug 05, 2022 14:46

 截屏2022-08-05 上午9.48.51.png

 

Following a huge upward rise from 0.8360 on Thursday, the EUR/GBP pair has subsequently turned sideways around 0.8430 in the Tokyo session. After the Bank of England (BOE) hiked interest rates by 50 basis points, the cross displayed a significant upward rise (bps) (bps). The BOE lifted interest rates by 50 basis points in succession, bringing them to 1.75 percent.

 

The investing community is aware that UK household earnings have been unsteady during the preceding few months. In addition, the economy's inflation rate is fast expanding. The inflation rate was 9.4 percent prior. The recent statement by BOE Governor Andrew Bailey that price increases might exceed 13 percent has sent shockwaves across the market.

 

The runaway inflation is now escalating, leaving the BOE with very little flexibility to tighten its monetary policy. The BOE is in poor shape as a result of the dismal economic data and the continuing political upheaval following the departure of UK Prime Minister Boris Johnson. A recession in the UK economy is extremely probable in the case that the inflation rate is close to 13 percent.

 

German manufacturing order numbers for the Eurozone have decreased by 0.4 percent against an anticipated 0.8 percent decline and a prior monthly contraction of 0.2 percent. Falling orders from factories indicate sluggish demand in Germany as a whole. It is vital to remember that Germany is a key element of the European Union (EU), and that economic data from Germany has a huge effect on people who favor the common currency.


Suggestion