EUR/USD
1.15748
0.219%
Gold
3413.59
-0.544%
Oil
70.504
-1.313%
USD/JPY
144.212
0.195%
GBP/USD
1.35784
0.062%
GBP/JPY
195.820
0.255%
Real-time News
June 16, OPEC lowered its expectations for supply growth from the United States and other competitors next year, but maintained its expectations for oil demand while continuing to increase production. OPEC expects supply from oil-producing countries outside OPEC+ to fall to 730,000 barrels per day in 2026 from 800,000 barrels per day previously. U.S. oil production is expected to increase by 210,000 barrels per day, compared with a previous expectation of 280,000 barrels per day, reflecting a decline in capital expenditures and a slowdown in drilling activities. The latest OPEC monthly report did not directly mention the conflict between Israel and Iran. The biggest concern in the market is that Iran may close the Strait of Hormuz, an important shipping choke point where about a third of the worlds oil passes through. Analysts say any supply disruptions could prompt OPEC+ to adjust its strategy and restore supply faster than expected. But OPEC seems to be on the sidelines and has not made any plans to hold a special policy meeting. OPEC currently has more than 5 million barrels per day of idle capacity.The New York Fed manufacturing index for June will be released in ten minutes.According to Israeli media: Israels new round of air strikes targeted dozens of targets in central Iran.June 16, according to the financial website Forexlive, the Bank of Japan is expected to keep interest rates unchanged at 0.5% and slow the pace of reducing bond purchases from fiscal 2026. Few expect the Bank of Japan to change its current plan, only to announce adjustments in the next fiscal year to reduce the quarterly reduction to around 200 billion yen. If the Bank of Japan announces adjustments for the current fiscal year, it will be a surprise and will have a big impact on the yen. A faster pace of reduction will boost the yen, while a slower pace will weaken it. In terms of interest rates, the market expects only a 17 basis point increase this year, which means that there is basically a 50% chance of a 25 basis point increase by the end of the year. The comments of the Bank of Japan spokesperson were roughly the same, with no signs of interest rate adjustments in the short term. They continue to focus a lot of attention on the US-Japan trade agreement and the evolution of inflation. Japans potential inflation has been rising steadily, which should keep the probability of interest rate hikes high, especially considering that the United States and Japan will eventually reach a trade agreement. Therefore, pay attention to more clear signals about interest rate changes and timing.On June 16, from June 27 to June 30, 7 corporate bonds under Xuhui Holdings Group will hold an online creditors meeting to review the bond restructuring proposal. The restructuring plan includes adjusting credit enhancement measures and providing other options for the restructuring plan, including bond repurchase options, Xuhui Holdings Group stock economic income rights options, debt-equity swap options, and general debt options. If the bondholders do not choose any of the above options, they will enter the full debt-retaining and long-term extension plan. Xuhui does not provide a bottom line for the trust shares in the debt-equity swap option: this trust plan has no fixed term, and the repayment amount and repayment time of the trust shares depend on the operation or disposal of the assets to be offset, and the issuer does not bear joint and several liability for the repayment of the trust shares. The full debt-retaining and long-term extension plan is an extension of 9.5 years, and the interest rate is reduced to 1%.
