EUR/USD
1.16654
-0.065%
Gold
4649.84
-0.188%
Oil
79.855
-1.023%
USD/JPY
158.975
-0.143%
GBP/USD
1.36375
-0.070%
GBP/JPY
216.807
-0.207%
Real-time News
U.S. Treasury Secretary Bessenter: I thank the Bahrainian Minister of Finance and Economy for his coordination in the “economic isolation” action. We will continue to work closely with President Trump to defend the integrity of the global financial system and weaken the threat posed by the Iranian regime.On August 26th, Australias second-largest superannuation fund established its largest overweight position in the yen in years, betting that the market is underestimating the likelihood of a Bank of Japan (BOJ) rate hike. Jimmy Louca, senior portfolio manager at the Australian Superannuation Trust, which manages approximately A$370 billion (US$265 billion) in retirement savings, said the fund has been increasing this position over the past six months as the yen weakened to near 160 against the US dollar. This is a rare bullish bet on the yen at a time when many investors are looking to sell it. Louca believes the markets sell-off of the yen is only partly correct—the drag from rising energy prices has already been priced in—but the likelihood of a BOJ rate hike appears to be underestimated. "A reversal of either of these factors should support the yen," he said. He believes the BOJ may raise rates next month and signal two more hikes thereafter. "If they largely deliver on those moves, I think Japanese government bond yields could rise further."On August 26th, international oil prices opened lower. Sources from the Pakistani military and Iranian security services told Sputnik News that the US and Iran had reached an agreement on the terms of a ceasefire, which includes freedom of navigation in the Strait of Hormuz. The sources indicated that both sides are expected to release related information in the coming days. According to the Islamabad memorandum, negotiations and a new round of technical meetings will commence. Market focus: The market is watching the developments in the US-Iran situation; media reports indicate that the US and Iran will reach an agreement; Iran and Oman plan to establish a safe maritime passage through the Strait of Hormuz.On August 26, the State Council Information Office held a press conference on the theme of "Starting the 15th Five-Year Plan," introducing the relevant situation regarding the all-out efforts to implement the 15th Five-Year Plan and accelerate the promotion of new industrialization. Xin Guobin, Vice Minister of Industry and Information Technology, stated that the supply quality of new energy vehicle products will be further improved, and support will be given to key enterprises to increase their efforts in technological research and development, continuously improving the low-temperature adaptability and durability of power batteries, and enhancing the safety and reliability of autonomous driving. The Ministry will also actively and steadily promote pilot projects for the access and road use of intelligent connected vehicles, as well as vehicle-road-cloud integration pilot projects, to provide consumers with greener and more intelligent connected new energy vehicle products.On August 26, Huawei and HP Inc. announced the signing of a multi-year global patent cross-licensing agreement, which includes Huawei licensing certain WiFi patents to HP. Following the signing of the agreement, HP will pay patent fees to Huawei. To date, Huawei has signed more than 260 patent licensing agreements with major ICT manufacturers in the United States, Europe, Japan, and South Korea. 34 new patent licensing agreements are planned for 2025.
