EUR/USD
1.15248
-0.732%
Gold
4318.68
-3.497%
Oil
88.549
-2.697%
USD/JPY
160.177
0.098%
GBP/USD
1.33372
-0.643%
GBP/JPY
213.636
-0.547%
Real-time News
On June 7, during a television program broadcast local time, Russian Presidential Aide Ushakov stated that there have been both public and private contacts between Russia and Ukraine. The public contacts reportedly refer to the previous rounds of negotiations.The China Earthquake Networks Center officially reported that a magnitude 5.0 earthquake struck Greece at 18:02 on June 7, with a focal depth of 10 kilometers.Russian Presidential Aide Ushakov: Moscow maintains close contact with Kyiv.On June 7th, Christodoros Pazalides, a member of the European Central Banks Governing Council and Governor of the Central Bank of Cyprus, stated that it is time for Europe to abandon its long-standing political resistance to joint debt issuance, as large-scale "safe assets" would help enhance the EUs sovereignty and stability. Europe has long discussed creating a benchmark financial instrument through joint borrowing to challenge the status of US Treasury bonds, but some countries, particularly Germany and the Netherlands, have opposed it, fearing that their taxpayers would ultimately foot the bill for the fiscal irresponsibility of other countries. This lack of common safe assets has left the EUs financial architecture incomplete, leading to higher borrowing costs and reduced competitiveness, thus prompting the ECB to increasingly push for this policy shift. In a commentary, Pazalides stated, "The current economic, geopolitical, and institutional conditions are unusually synchronized, providing a strong justification for issuing European common safe assets." He also pointed out that such instruments could not only reduce financing costs but also provide the necessary funding for joint projects in areas such as green and digital transformation, artificial intelligence projects, defense, public health preparedness, and energy security.Ukrainian President Zelensky: Russias deliberate attack on nuclear fuel storage facilities was an "extremely despicable" attack.
