EUR/USD
1.15683
1.338%
Gold
3357.10
2.040%
Oil
66.620
-3.233%
USD/JPY
147.431
-2.194%
GBP/USD
1.32607
0.406%
GBP/JPY
195.508
-1.753%
Real-time News
On August 3rd, the Ministry of National Defense announced this morning that a Chinese and Russian naval fleet participating in the "Joint Sea-2025" joint exercise has set sail from a military port and headed for the waters near the Russian port of Vladivostok to conduct multi-disciplinary exercises. This marks the full launch of the maritime exercise phase of the joint exercise. According to the exercise plan, the Chinese and Russian naval fleet will conduct a three-day maritime exercise, covering multiple subjects such as submarine rescue, joint anti-submarine warfare, air and missile defense, and surface combat operations. The exercise will also include actual weapon training to test the results of the joint planning phase.On August 3, it was reported that in January last year, a cabin panel of an Alaska Airlines Boeing 737 MAX 9 passenger plane exploded in the air. The four flight attendants on the flight involved are currently suing Boeing, demanding that it be held responsible for the physical and mental injuries caused by the accident.On August 3rd, the Bank of England is expected to cut interest rates again next Thursday, as tax increases and weak consumer confidence are weighing on the UK economy and prompting businesses to slow hiring. The market generally expects the Bank of Englands Monetary Policy Committee to cut the base rate by 25 basis points to 4%, continuing its quarterly rate-cutting strategy. In stark contrast to the Federal Reserves cautious stance in keeping interest rates unchanged, the Bank of England chose to ignore the fastest inflation growth in 17 months and instead focus on concerns about economic growth. This follows two consecutive quarters of GDP contraction and a weakening job market since the spring. The market is also closely watching the Bank of Englands plans to reduce its holdings of government bonds. Recent signs of pressure on long-term government bond yields have led to speculation that the Bank of England may limit its active sales of government bonds.According to Russian media: The mayor of Sochi said that an oil tank at a local oil depot caught fire.On August 2, Alexei Pushkov, a member of the Constitutional Committee of the Russian Federation Council, stated that the world cannot replace the amount of oil supplied by Russia, which accounts for about 10% of the global oil supply. Pushkov wrote on his social platform: "Despite Trumps warning of imposing high secondary sanctions tariffs, Indian refineries continue to purchase Russian oil. The Indian side explained that if the global market stops accepting 9.5 million barrels of oil per day from Russia, oil prices may rise to $135-140 per barrel. In fact, such a large amount of oil supply cannot be replaced at all, because Russia accounts for about 10% of the global oil supply."
