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Real-time News
On August 26, the State Council Information Office held a press conference on the theme of "Starting the 15th Five-Year Plan," where officials from the Ministry of Industry and Information Technology introduced the progress made in implementing the 15th Five-Year Plan and accelerating the promotion of new industrialization. The press conference stated that during the 14th Five-Year Plan period, my countrys new industrialization continued to deepen and solidify, with a significant acceleration in the upgrading of industries towards "new, superior, intelligent, and green" development, successfully completing all the goals and tasks of the 14th Five-Year Plan.The yield on Japans 20-year government bonds fell 2.0 basis points to 4.040%.August 26th - The Bank of Korea (BOK) will announce its policy decision on Thursday, with analysts almost evenly divided on whether it will raise interest rates or keep them unchanged. Of the 31 analysts surveyed by The Wall Street Journal, 16 expect the BOK to implement its first consecutive rate hike in three years in July, while 15 expect it to hold rates steady until the fourth quarter. The market generally expects the BOK to raise its economic growth forecast for this year, given that inflation remains above its 2% target. Morgan Stanley economist Kathleen Oh stated that a "favorable macroeconomic backdrop" is sufficient to support a BOK rate hike in August; HSBC economist Jin Choi believes that given the apparent weakening of consumption, the BOK is in no hurry to raise rates. Barclays economist Bum Ki Son stated, "We believe there is a division within the Monetary Policy Committee between keeping rates unchanged and a precautionary rate hike."On August 26, NASA announced that two astronauts on the International Space Station successfully installed and connected a backup high-speed ground-to-air communication antenna during a spacewalk lasting approximately 6 hours and 30 minutes. The two astronauts who exited the spacecraft were NASA astronaut Anil Menon and European Space Agency astronaut Sophie Adno. During a spacewalk on August 18, they removed a malfunctioning ground-to-air communication antenna. Due to the lengthy operation, they were unable to install a replacement antenna that day. In this mission, the two successfully installed and connected the backup communication antenna and secured the previously removed malfunctioning antenna to a spare parts platform on the space stations truss structure.August 26th - Data released on Wednesday showed that Australias consumer price index (CPI) rose more than expected in July, driven by soaring fuel and travel costs, while core inflation also exceeded expectations, increasing the risk of another interest rate hike. Data from the Australian Bureau of Statistics showed that the CPI rose 1.0% in July compared to June, higher than the market forecast of 0.8%. The year-on-year CPI increase slowed to 3.5% in July from 3.8%, also higher than the market median forecast of 3.3%. The trimmed mean of the CPI, which assesses core inflation, rose 0.5% month-on-month, far exceeding the market expectation of 0.3%, while the year-on-year increase remained at 3.6%. The Reserve Bank of Australia has raised interest rates three times this year, aiming to bring core inflation back to its target range of 2% to 3%.
