EUR/USD
1.15542
0.225%
Gold
4344.55
-0.147%
Oil
81.954
1.902%
USD/JPY
159.163
-0.211%
GBP/USD
1.35176
0.238%
GBP/JPY
215.155
0.023%
Real-time News
Market news: The UK Parliaments Standard Inquiry into Reform Party leader Nigel Farage is now listed as "active" on the Parliament website, previously showing as "suspended".The UKs Office for Maritime Trade Operations reported that an oil tanker was attacked by a drone while transiting the Strait of Hormuz on Thursday. The ship sustained minor damage, the crew is safe and all have been confirmed, and no environmental impact has been reported.The chart shows that at 22:00 Beijing time on August 14, there will be large foreign exchange options contracts for currencies such as Euro and Japanese Yen expiring, including 9 contracts with strike prices exceeding 1 billion. Please manage your risks.On August 14th, Li Lecheng, Secretary of the Party Leadership Group and Minister of the Ministry of Industry and Information Technology, recently visited Qinghai, Gansu, and Ningxia to investigate the development of the salt lake industry and the green and low-carbon development of industry. In Golmud City, Qinghai Province, Li Lecheng visited Qinghai Salt Lake Magnesium Industry, Potash Fertilizer, and Lithium Battery Company to investigate the production of integrated salt lake magnesium, potash fertilizer, and lithium salt projects. He emphasized the need for a scientifically planned development strategy for the salt lake industry, strengthened policy support and resource guarantees, optimization and strengthening of enterprises, promotion of resource integration and industrial synergy, tackling key core technologies in salt lake resource development, improving the efficiency of potassium, lithium, and magnesium resource development and utilization, and the level of deep processing, and creating a distinctive and advantageous industrial chain.On August 14th, Oxford Economics stated that Japans plan to cut the food consumption tax will widen the fiscal deficit and push up Japanese government bond yields. Economist Norihiro Yamaguchi wrote in a report that model calculations show the tax cuts will reduce Japans annual tax revenue by approximately 5 trillion yen, a loss that will be difficult to offset through other means. The institution expects some of the tax revenue loss to be offset by non-tax revenue and spending cuts, but assumes half of that will be financed through debt. The institution predicts Japans primary fiscal deficit will worsen to 3% of GDP, subsequently improving gradually from 2029 onwards as the debt-to-GDP ratio rises and fiscal consolidation intensifies. Oxford Economics projects that by the end of 2026, the yield on long-term Japanese government bonds will rise to approximately 3%, rather than remaining around 2.8%. Although the current reaction in the bond market is relatively limited, Oxford Economics believes that as more policy details emerge, the market will begin to gradually factor in the impact of the tax cuts on the fiscal situation.
