EUR/USD
1.14058
-0.083%
Gold
4053.29
-1.340%
Oil
73.934
3.445%
USD/JPY
162.219
0.303%
GBP/USD
1.33850
-0.096%
GBP/JPY
217.136
0.208%
Real-time News
A survey conducted from July 3rd to 8th revealed that economists believe the Eurozones economic growth this year is expected to be weaker than previously forecast following the resumption of conflict in the Middle East. The median forecast from 56 economists shows respondents lowered their 2026 Eurozone economic growth expectation to 0.5%, down from 0.7% projected last month and also below the European Central Banks baseline scenario of 0.8%. Economists also lowered their 2028 economic growth forecasts but maintained their growth forecasts for next year. They expect a median inflation rate of 2.8% this year, slightly lower than last month due to a sharp drop in oil prices, but still well above the ECBs 2% target. Respondents expect the ECB to raise interest rates again in September, with the first rate cut anticipated in September 2027.July 13th - Economists are beginning to better understand the impact of artificial intelligence on the consumer sector. HSBC Global Economist James Pomeroy stated that the free nature of AI tools for personal use is generating a significant consumer surplus, saving users both cost and time. Data shows that by early 2026, the US consumer surplus generated by AI will reach approximately $172 billion, an increase from approximately $116 billion six months prior. This surplus could reach $250 billion in 2027, representing 0.8% of US GDP, or 1.5% of US consumer spending in a more meaningful sense.The chart shows that at 22:00 Beijing time on July 13, there will be large foreign exchange option orders for Euro, British Pound, Japanese Yen, and Canadian Dollar, including 5 large orders with strike prices exceeding 1 billion. Please manage your risks.Sunac China (01918.HK) fell more than 6% in the afternoon, with its share price hitting a new all-time low.Energy: 1. Kuwait lowered its August crude oil price forecast for Asia. 2. South Africa plans to increase its strategic oil reserves to address supply risks. 3. Iraqi Prime Minister visits Washington on Monday, expected to sign an oil and gas agreement. 4. Tensions in the Middle East escalate again; European jet fuel inventories can only last less than a month. 5. EU imports from Russias flagship LNG project hit a record high in the first half of this year. 6. Eni CEO: If the Middle East conflict continues, the oil market may break out of its current range in early 2027. 7. Goldman Sachs: Recent attacks highlight the uncertainty of the Gulf regions export prospects, and a serious escalation could exacerbate the risk of short-term price increases. Future expansion of pipeline capacity around the Strait of Hormuz would pose a downside risk to the long-term price assumption of $76 per barrel. Iran Situation: 1. Iran launches large-scale attacks on US military targets in the region. 2. Iranian Revolutionary Guard announces closure of the Strait of Hormuz. 3. US Central Command: Completes another round of strikes against Iran, using unmanned surface vessels for the first time. 4. Data shows that after the resumption of hostilities between the US and Iran, ships secretly passed through the Strait of Hormuz with their transponders off. 5. EU High Representative for Foreign Affairs and Security Policy, Karas: No tolls or fees should be charged for passage through the Strait of Hormuz. 6. Iranian Revolutionary Guard: Strike at US military facilities in Bahrain and destroy radar systems in Oman. Other: 1. The US plans to significantly increase its imports of Mexican sugar to 1.15 million tons.
