EUR/USD 1.14705
0.063%
Gold 4307.06
1.012%
Oil 96.534
-0.970%
USD/JPY 155.650
-0.401%
GBP/USD 1.33855
0.043%
GBP/JPY 208.353
-0.355%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On September 17th, Huawei Connect 2026 opened in Shanghai. Wang Tao, Huaweis Deputy Chairman and Rotating Chairman, stated at the conference that, to date, over 1,000 Ascend 910C supernodes have been deployed, and the Ascend 950 supernode has also been commercially deployed on a large scale. With its large-scale commercial application, supernodes have become an inevitable choice for building ultra-large-scale AI infrastructure. Wang Tao explained that a supernode is a computing system physically composed of multiple computing nodes tightly connected through efficient interconnect protocols, possessing unified memory addressing capabilities across physical nodes, and logically exhibiting the characteristics of "a single computer." It has become a consensus among industry, academia, and research institutions in the field of AI infrastructure. Wang Tao mentioned that currently, 100,000-card clusters have become the standard for training trillion-level state-of-the-art (SOTA) models, but traditional server architectures result in intra-cluster communication accounting for over 40% of training time, severely restricting MFU (Model Floating-Point Utilization). According to simulation results from Huaweis Markov Lab, a 100,000-card cluster composed of 4K supernodes has a 2.75-fold increase in MFU (Mean Functionality Rate) compared to a 100,000-card cluster composed of 8-card servers.Ferrari and Lotte signed a cooperation agreement, effective January 1, 2027.1. BNP Paribas: Expects the Bank of England to raise interest rates by 25 basis points in November, down from its previous forecast of a September hike. 2. Reuters: Economists unanimously predict the Bank of England will keep rates unchanged in September, with most believing a rate cut is more likely than a hike next year. 3. Evercore ISI: The UK market is clearly pricing in a divergence between policy expectations and market expectations. The market has already priced in approximately 4.5 rate hikes over the next year, but the Bank of England remains reluctant to raise rates. 4. Goldman Sachs: Market pricing in the Bank of England remains too hawkish. It expects the bank to keep rates unchanged for the remainder of 2026 before starting rate cuts in 2027. 5. Citigroup: Expects the Bank of England to raise rates by 25 basis points each in the fourth quarter of 2026 and the first quarter of 2027, down from its previous forecast of rates remaining unchanged until the second quarter of 2027. 6. Franklin Templeton: With a cooling labor market and a weakening economic outlook, UK government bonds are currently attractive, and future policy may be more accommodative than the market prices. 7. JPMorgan Chase: Expects to hold rates steady this week to avoid further reinforcing market expectations of a rapid tightening cycle, but a rate hike is anticipated in November, as energy price movements suggest inflation may peak at 3.9% by February next year. 8. HSBC: There is currently insufficient evidence to prompt members of the Monetary Policy Committee to change their voting intentions. Therefore, as things stand, the majority is expected to maintain the current rate. 9. ING: Expects the Bank of England to maintain the interest rate at 3.75% by a 6-3 vote on September 17th, with rate cuts in April and November next year, although these cuts may be delayed. The QT program is expected to decrease to £50 billion over the next 12 months, down from £70 billion last year. 10. Danske Bank: The baseline scenario remains unchanged until the second quarter of 2027, at which point a rate-cutting cycle will resume. The vote tonight is likely to be 6-3. However, if energy prices remain high and the economy remains resilient, the Bank of England may eventually raise rates even if inflation has not yet spread significantly. 11. Oxford Economics: Given the limited impact of the second round of inflation, there is room to maintain interest rates. Green, Pierre, and Mann are expected to continue supporting a rate hike, with the vote remaining 6-3. Despite soaring oil and gas prices, most members are likely to remain patient and maintain a hawkish stance rather than an immediate rate hike.The governor of Rostov Oblast, Russia, said that about 50 drones were shot down in the large-scale attack on Rostov by Ukraine.Volvo Cars: Plans to launch 13 new models between now and the end of 2030.

International gold prices break away from a week and a half high, investors wait for heavy data to be released

Oct 26, 2021 10:58

On Tuesday (October 5), international gold prices fell and left the high of $1,770.44 per ounce set overnight since September 23, as the U.S. dollar benefited from sluggish risk sentiment. Prior to the release of employment data in the United States this Friday, gold prices are expected to fluctuate, as the data may influence the Fed's debt purchase reduction plan.

At GMT+8 16:14, spot gold fell 0.60% to US$1759.06 per ounce; the main COMEX gold contract fell 0.46% to US$1759.4 per ounce; the US dollar index rose by 0.12% to 93.920.


The rise in the dollar index has made gold more expensive for buyers who hold other currencies. But the stock market slid as investors worried that soaring energy prices would inhibit economic growth. In addition, the US debt ceiling deadlock has also limited the downside of gold prices.

OANDA Asia Pacific senior market analyst Jeffrey Halley said that the downturn in the stock market prompted Asian investors to buy US dollars, putting pressure on gold. He added that before the US employment report is released, the price of gold will be in the range of $1750-1785.00.

U.S. President Biden said on Monday (October 4) that unless Republicans and Democrats work together to vote to increase the debt ceiling in the next two weeks, the federal government may exceed the $28.4 trillion debt ceiling and default on an unprecedented level. .

Halley said: "Gold may find support when it drops to $1750.00 this week because of inflation and US fiscal concerns." Halley added that although these uncertainties will support gold to a certain extent, U.S. monetary policy Direction will be the ultimate key factor.

It is expected that the number of non-agricultural employment in the United States in September will show continued improvement in the labor market, which may cause the Fed to begin to reduce stimulus measures before the end of the year. Reduced stimulus measures and increased interest rates have increased bond yields, putting pressure on gold because the opportunity cost of holding non-yielding gold bars will increase.

However, some market participants said that the US's reduction of debt purchase issues may have limited impact on gold because investors have already digested this expectation. Now the main force determining the direction of gold prices has turned to the magnitude and pace of the Fed's rate hike.

St. Louis Fed President Brad said on Monday that for the first time in years, American companies have encountered no problems in raising prices to customers. While the market is worried that expectations of high inflation have become entrenched, he warned that inflation may remain high for some time to come.

Brad is one of the strongest supporters in the Federal Reserve that believe that positive measures should be taken to curb higher-than-expected inflation. He believes that two interest rate hikes are needed in 2022. At present, interest rates are still at a level close to zero, which has been at this level since the outbreak of the new crown pandemic in early 2020.

Suggestion