EUR/USD
1.16341
0.114%
Gold
4546.95
0.028%
Oil
102.364
1.373%
USD/JPY
158.902
0.086%
GBP/USD
1.33537
0.268%
GBP/JPY
212.198
0.354%
Real-time News
European Commission Executive Vice President Dombrovskis: We will update the G7 on the upcoming €90 billion loan program for Ukraine, with the first tranche potentially disbursed in June.European Commission Executive Vice President Dombrovskis: The G7 will discuss the war between Ukraine and Iran.On May 18, the Israel Defense Forces (IDF) announced that it had struck more than 30 Hezbollah infrastructure targets in Lebanon in the past 24 hours, including weapons depots, observation posts, and military infrastructure. The IDF also stated that it had killed several Hezbollah militants who were planning attacks against IDF soldiers in southern Lebanon.On May 18th, French Economy and Finance Minister Jean-Michel Lescourt stated in an interview ahead of the G7 meeting in Paris that the French economy should return to growth in the second quarter and avoid a recession this year. The country unexpectedly stagnated in the first three months of the year, with unemployment rising to a five-year high. Lescourt said, "Clearly, the French economy stagnated in the first quarter, but for statistical reasons, I think it will rebound in the second quarter. My forecast for economic growth this year is 0.9%, while the market consensus is 0.8%, which is far from a recession, so lets have the best hopes." Lescourt noted that France has an advantage over other countries due to its reliance on nuclear power. He also stated that despite the "flaws" in Frances social model, increases in welfare and the minimum wage should cushion the impact of the economic slowdown.Futures News, May 18th: Since last weekend, the price of waste corrugated cardboard has seen sporadic increases. Domestic leading paper mills have appropriately raised their purchase prices by 20-30 yuan/ton, with surrounding paper mills following suit. Overall, the market sentiment is cautious. As of May 18th, the average market price of waste corrugated cardboard is estimated at 1668 yuan/ton, an increase of 5 yuan/ton from the previous trading day, representing a rise of approximately 0.30%. In the short term, heavy rainfall is expected in central and eastern China and North China, which will affect waste paper trading. However, downstream paper mills generally have good demand, which may lead to an increase in waste corrugated cardboard prices.
