EUR/USD 1.16423
0.090%
Gold 4485.19
-0.495%
Oil 89.099
-3.623%
USD/JPY 159.361
0.045%
GBP/USD 1.34428
-0.029%
GBP/JPY 214.231
0.020%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On May 27, local time, Irans Ministry of Intelligence issued a statement claiming that "hostile forces" are attempting to exert new pressure on Iran through "soft warfare," "cognitive warfare," and other "hybrid warfare" tactics. The statement said that, according to information obtained by Iran, the adversaries are currently focusing on seven areas: increasing economic pressure, exploiting social issues to incite public opinion, instigating ethnic and religious conflicts, carrying out terrorist attacks and sabotage, smuggling weapons and illegal communication equipment, launching cyberattacks, and conducting information warfare through foreign Persian-language media and social media platforms. The statement also indicated that the adversaries had attempted to launch ground operations from western and northwestern Iran using armed groups, but these plans were thwarted by Iran. The statement further accused some foreign media outlets of participating in information warfare and claimed that Iranian intelligence agencies had seized a large quantity of weapons and communication equipment.Scotiabank: The Bank of Canadas outlook is highly sensitive to the USMCA negotiations and geopolitical developments; it expects the Bank of Canada to raise its policy rate to 3% by the end of the year.On May 27th, it was announced that Hong Kong and America Internet LOF (160644) will be suspended from trading starting May 28, 2026, and will resume trading at 10:30 AM on May 28, 2026. Redemption services will continue as usual during the suspension period.On May 27th, Tencent Cloud announced that its new-generation Canghai V2 chip has successfully "lit up" (meaning current flows smoothly through the chip, indicating it is usable) and is currently in mass production, with plans to fully provide online services in the second half of 2026. It is understood that Tencents "Canghai" chip began development in 2019 and entered mass production and large-scale application in 2023. Currently, over 100,000 Canghai V1 chips have been deployed on Tencent Cloud and in Tencents own scenarios, covering core scenarios such as live streaming and video-on-demand, 4K ultra-high-definition high frame rate transcoding, real-time cloud gaming encoding, and multimedia processing. Meanwhile, the encoding and decoding processing capability of a single chip has doubled compared to V1, further improving the cost-effectiveness of computing power. Unlike general-purpose chips, "Canghai" is a dedicated chip designed specifically for video encoding and decoding (transcoding) scenarios, primarily developed based on the massive audio and video business needs of Tencent itself.Market news: ELEMENTAL IMPACT has launched a data center innovation initiative with Amazon, Google, Meta, and Microsoft.

In a risk-on environment with a weaker US dollar, WTI consolidates weekly losses above $83,000

Alina Haynes

Sep 09, 2022 17:17

 153.png

 

The price of WTI crude oil is higher for the second day in a row while paring the weekly losses at the eight-month low on Friday during the Asian session. However, by the time of publication, the black gold has reached a new intraday high of around $83.50.

 

Recent news reports from the US Treasury Department regarding the oil price cap appear to have helped drive up energy prices together with stronger sentiment and a weaker US dollar. According to the US Treasury source, "the oil price cap should be set above the marginal production cost, taking into account past Russian oil prices."

 

In other news, stronger sentiment and slow US Treasury yields cause the US Dollar Index (DXY) to fall intraday by 0.55%, to 109.05 at the latest. It's interesting to see that after a solid day, the US 10-year Treasury yields are still stuck around 3.32%, while the S&P 500 Futures tracks Wall Street's gains at approximately 4,020.

 

Recent market sentiment appeared to be aided by remarks made by US Treasury Secretary Janet Yellen, which suggested that trade relations between the US and China were set to improve. The market's attitude also appeared to have been aided by recently stronger US statistics and expectations that global central bankers will be able to offset the shock caused by inflation with a comprehensive strategy and higher rates. The Wall Street Journal (WSJ) article, on the other hand, raises some concerns about the future of China's technological enterprises and casts some doubt on the optimism.

 

A price document examined by Reuters on Friday revealed that Kuwait has decreased the official selling prices for its oil grades for the month of October from the previous month. Before the present program ends in October, US Energy Secretary Jennifer Granholm said the administration of US President Joe Biden is considering whether additional releases of crude oil from the country's emergency stockpiles are necessary. Prior to that, a Department of Energy official reportedly told Reuters that the White House was only considering releasing the 180 million barrels from the US Strategic Petroleum Reserve (SPR) that the president had already stated.

 

It should be highlighted that the recent decline in China's inflation data, coupled with the hawkish central bank activities, presents a challenge to oil purchasers. Both China's Producer Price Index (PPI) and Consumer Price Index (CPI) show unfavorable results for August. However, compared to 2.8% market expectations and 2.7% in the prior year, the headline CPI declined to 2.5% YoY, and the PPI fell to 2.3% from 3.1% projected and 4.2% in the preceding year.


Suggestion