EUR/USD
1.14061
0.261%
Gold
4075.42
1.101%
Oil
68.063
0.054%
USD/JPY
161.478
-0.678%
GBP/USD
1.33367
0.470%
GBP/JPY
215.363
-0.199%
Real-time News
Market news: Alphabets Google lost its case and failed to overturn a record €4.1 billion antitrust fine.Hynix (07709.HK), a stock held by Southern Asset Management with a 2x leveraged long position in Hong Kong, has fallen by more than 30%.July 2 – On July 2, Foreign Ministry Spokesperson Guo Jiakun held a regular press conference. A reporter from Japans Jiji Press asked about the detention of Japanese citizens in Dalian. According to some reports and sources, during the investigation, many Chinese citizens were also subjected to measures for allegedly violating rare earth export regulations. Could the Chinese side confirm this? Guo Jiakun stated, "We already responded to this question yesterday. China is handling the case in accordance with laws and regulations. For specific details of the case, please inquire with the relevant Chinese authorities."July 2nd - On Thursday, the Swiss franc retreated from its intraday high against the US dollar after weaker-than-expected Swiss consumer price index data was released. However, the pair remained within its weekly range, not far from its one-year high of 0.8140. Swiss inflation slowed to 0% month-on-month in June from 0.2% in May, a larger slowdown than the market expectation of 0.1%. Year-on-year inflation also fell to 0.5% from 0.6% in May. This data effectively confirms that the Swiss National Bank (SNB) will maintain its benchmark interest rate at its current 0% level for the remainder of the year and possibly until 2027. With investors increasing their bets on a Federal Reserve rate hike, the SNBs low interest rates could become a headwind for the francs rebound. Later today, market focus will shift to the US non-farm payrolls report, which is expected to show 110,000 new jobs added in June, following three months of strong job growth. Investors will analyze this data from a monetary policy perspective, looking for confirmation signals of a Fed rate hike in September. The US dollar faces significant upside risks.On July 2nd, He Yadong, spokesperson for the Ministry of Commerce, stated that the China-Germany Joint Committee on Economic Cooperation will be restarted. In the future, China and Germany will innovate cooperation mechanisms, establishing two working groups on trade and investment and industrial cooperation to conduct policy exchanges and dialogues between government and businesses on economic and trade issues. Currently, the teams from both sides are accelerating various tasks, striving to hold a new meeting of the cooperation mechanism chaired by the ministers of both sides in early 2027, accumulating economic and trade achievements for the next stage of high-level exchanges between China and Germany.
