EUR/USD
1.17054
-0.057%
Gold
4574.83
-0.486%
Oil
98.949
1.504%
USD/JPY
159.636
0.014%
GBP/USD
1.35028
-0.109%
GBP/JPY
215.558
-0.087%
Real-time News
On April 29th, Priyanka Sachdeva of Phillip Nova stated in a report that the underlying demand for gold as a hedge against uncertainty remains robust. This means that even if gains are limited, macroeconomic uncertainty will still provide structural support for gold prices. She pointed out that the strengthening dollar and expectations of interest rate cuts have limited the upward momentum of gold, factors that have weakened the appeal of non-yielding assets like gold.April 29th - Spanish inflation unexpectedly accelerated further, exceeding the European Central Banks 2% target, supporting market expectations of an interest rate hike this year due to the conflict with Iran. Data released Wednesday showed that Spains CPI rose 3.5% in April, up from 3.4% in March and also exceeding market expectations. This increase was driven by fuel costs. Core inflation, excluding energy and some food items, fell slightly to 2.8%. The data was released as the European Central Bank held a two-day meeting, with analysts and investors expecting it to keep interest rates unchanged. Policymakers are still assessing the extent to which rising prices, such as gasoline, will transmit to other sectors of the economy. Spain is the first major Eurozone economy to release April inflation data, marking the second full month since the Middle East conflict. Germany will release its data later today, and overall Eurozone data will be released on Thursday before the ECBs interest rate decision.The China Earthquake Networks Center automatically determined that an earthquake of approximately magnitude 4.2 occurred near Kuqa City, Aksu Prefecture, Xinjiang, at 15:20 on April 29. The final result is subject to the official rapid report.Mercedes CFO: According to the Supreme Court ruling, tariff refunds have been included in the first quarter results.April 29th - my countrys marine economy got off to a good start in the first quarter, with high-quality development moving towards new and better directions. Preliminary calculations show that the gross marine product reached 2.6 trillion yuan in the first quarter, a year-on-year increase of 5.4%. The foundation for the development of traditional marine industries has been further strengthened, and transformation and upgrading are progressing steadily. Meng Qinglei, Deputy Director of the Department of Marine Strategy Planning and Economy of the Ministry of Natural Resources, stated that my countrys marine economy flourished in the first quarter, continuing to play its "engine" role, contributing 0.4 percentage points to national economic growth.
