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On December 29th, Shandong Airlines and other airlines issued a notice today, announcing a reduction in the fuel surcharge for domestic passenger flights, effective from 00:00 on January 5th, 2026. The surcharge will be 10 yuan for flights of 800 kilometers or less and 20 yuan for flights over 800 kilometers, representing reductions of 10 yuan and 20 yuan respectively compared to the previous rates.Futures News, December 29th: The market is focused on geopolitical tensions and weighing the outlook for the oil market, following a week of rising and then falling crude oil prices. Currently, geopolitical tensions remain a significant uncertainty factor affecting the oil market. Slow progress in Eastern European peace talks and the ongoing stalemate in South America and the Middle East are providing downside support for oil prices, suggesting a short-term upward trend. However, combined macroeconomic and industry pressures may limit the magnitude and sustainability of price increases.On December 29, the Eastern Theater Command of the Chinese Peoples Liberation Army conducted exercises in the southwestern airspace of Taiwan, involving fighter jets, early warning aircraft, electronic warfare aircraft, and drones. The exercises included regional patrols, air combat, and information support, testing the ability of multiple aircraft types to coordinate and seize air superiority.As of 3:00 PM Beijing time, spot platinum fell 5.61%, and spot palladium fell 11.02%.On December 29th, the State Council Academic Degrees Committee issued the "Administrative Measures for the Pilot Program of Doctoral + Master Dual Degree Programs." These programs are independently established by pilot universities, focusing on major needs such as technological development, industrial transformation, and the construction of independent knowledge systems. They leverage the significant advantages of their disciplines and interdisciplinary platforms to organize multidisciplinary integration and collaborative education, supporting students to pursue a masters degree in another discipline while simultaneously pursuing their doctoral degree, thus cultivating high-level, interdisciplinary talents.

GBP/USD is nearing its 50-day moving average as DXY follows rates lower, while UK politics and US GDP are closely monitored

Daniel Rogers

Oct 25, 2022 15:33

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GBP/USD rises above 1.1300, gaining 0.25 percent intraday, as investors praise a weakening US dollar and await a resolution to the UK's parliamentary upheaval on Tuesday morning. Nevertheless, a dearth of significant data/events and sluggish markets, in addition to the immediate technical problems, present obstacles for pair buyers following a bad start to the week.

 

Following his election as the third British Prime Minister in less than two months, former Financial Minister Rishi Sunak reminded his followers that the United Kingdom is experiencing a "serious economic problem." The politician continued, "We now require stability and unity, and I will make unifying our party and our nation my top priority." GBP/USD buyers are hopeful about surviving the month-long political uncertainty due to Sunak's credibility, which is partly related to his expertise at Goldman Sachs and his ability to accurately predict financial turmoil if Liz Truss implements her fiscal stimulus.