EUR/USD
1.14272
0.060%
Gold
4054.71
0.049%
Oil
79.811
0.834%
USD/JPY
162.189
-0.044%
GBP/USD
1.33963
0.044%
GBP/JPY
217.278
-0.002%
Real-time News
International oil prices rose for the third consecutive trading day. A chart provides a quick overview of the pre-market conversion of domestic and international crude oil prices.Spot gold and silver traded in a volatile range. A chart provides a quick overview of the pre-market prices of precious metals, converted between domestic and international prices.As of 8:30 AM Beijing time, spot platinum rose 0.43% and spot palladium rose 0.37%.The yield on Japans 5-year government bonds fell 3 basis points to 1.92%.On July 15th, CICC Research Report stated that the seasonally adjusted CPI in the United States fell by 0.4% month-on-month in June, and the year-on-year increase fell back to 3.5%; the core CPI showed zero month-on-month growth and rose by 2.6% year-on-year, both lower than market expectations. The decline in energy prices is the main reason for the cooling of inflation. Looking ahead, the situation between the United States and Iran has escalated again, and the outlook for energy inflation is subject to fluctuations. At the same time, the AI inflation effect is gradually emerging. The mismatch between supply and demand of upstream hardware, the price increase of software and peripheral products, and the boost to aggregate demand from AI capital expenditure may all make core inflation more sticky. In terms of policy, the cooling of inflation in June supports the Federal Reserve to keep interest rates unchanged at the July meeting, but Wallers recent statements show [1] that the Federal Reserve is reassessing the possibility of "precautionary rate hikes". We maintain our baseline judgment of no rate hikes this year, but suggest that the threshold for rate hikes has already decreased. Once one or two overheated inflation data appear, it may prompt the Federal Reserve to further discuss the option of raising interest rates.
