EUR/USD
1.14458
-0.193%
Gold
4053.08
-0.322%
Oil
83.382
-0.239%
USD/JPY
163.640
0.147%
GBP/USD
1.33490
-0.143%
GBP/JPY
218.448
0.006%
Real-time News
European Council President Costa: Last night, Russia launched a large-scale joint attack on Ukraine. Polish airspace was also violated during the attack, once again demonstrating the threat Russia poses to security across Europe. We are increasing our support to strengthen Ukraines air defenses, including anti-missile and anti-drone capabilities.LG Electronics: Second-quarter results included a one-off gain of approximately 300 billion won, including a U.S. tariff refund.The Secretary-General of the Council of Europe stated that Russias war in Ukraine is escalating to an unprecedented level. The same applies to wars in the Middle East. All parties must sit down and begin working towards a sustainable, realistic, and long-term peace solution.On July 30, it was reported that on July 24, the CPC Central Committee held a symposium with non-CPC members at Zhongnanhai to solicit opinions and suggestions from leaders of various democratic parties, the All-China Federation of Industry and Commerce, and representatives of non-party figures on the current economic situation and economic work for the second half of the year. Xi Jinping, General Secretary of the CPC Central Committee, presided over the symposium and delivered an important speech, emphasizing that to do a good job in economic work in the second half of the year, it is necessary to adhere to the general principle of seeking progress while maintaining stability, fully and accurately implement the new development philosophy, accelerate the construction of a new development pattern, better coordinate domestic and international affairs, coordinate development and security, persist in deepening reform and opening up, accelerate the transformation of old and new growth drivers, implement a more proactive fiscal policy and a moderately loose monetary policy, give full play to the effectiveness of existing policies, promptly plan and introduce practical and effective incremental policies, increase counter-cyclical adjustments, vigorously expand domestic demand and optimize supply, effectively guarantee and improve peoples livelihoods, enhance development momentum and stimulate social vitality, promote sustained and positive economic development, and strive to achieve a good start to the 15th Five-Year Plan.On July 30th, Deutsche Bank pointed out that the Federal Reserves decision to keep interest rates unchanged and the limited details provided by Chairman Warsh triggered a sharp steepening of the US Treasury yield curve, pushing the 30-year yield up to 5.20% and putting pressure on the stock market. The S&P 500 recorded its worst single-day performance in seven weeks, while weakness in technology stocks dragged the Nasdaq 100 into correction territory. Asian and European stock markets showed mixed performance. The rise in US Treasury yields ultimately put pressure on the stock market after experiencing significant intraday volatility. The S&P 500 fell more than 0.5% ahead of the FOMC meeting, turned positive during Warshs press conference, but fell sharply in the last trading hour, ultimately closing down 1.52%. A renewed plunge in chip stocks also dragged down the market, with the Philadelphia Semiconductor Index plummeting 5.33%. The decline in technology stocks also pushed the Nasdaq 100 (-2.06%) into technical correction territory, currently down 11.3% from its early June peak.
