EUR/USD
1.17315
0.075%
Gold
4712.98
0.553%
Oil
92.743
-2.045%
USD/JPY
156.859
-0.045%
GBP/USD
1.35572
0.050%
GBP/JPY
212.663
0.018%
Real-time News
The Peoples Bank of China (PBOC) announced today that it conducted a 7-day reverse repurchase operation of 500 million yuan, with a bid amount of 500 million yuan and a winning bid amount of 500 million yuan. The operation rate was 1.40%, unchanged from the previous rate.On May 8th, it was learned from the Ministry of Finance that the Ministry recently allocated 45.8 billion yuan in funding for 2026 to support the development of preschool education, an increase of 12.56 billion yuan, or 38%, compared to the previous year. The funds will primarily support local governments in consolidating and implementing the policy of waiving preschool tuition and childcare fees; addressing shortcomings in inclusive resources; improving the quality of care and education; and strengthening the financial aid system for children from economically disadvantaged families. Next, the Ministry of Finance, in conjunction with the Ministry of Education, will guide local governments to fully leverage the role of provincial-level coordination, rationally allocate central government subsidies and local government-borne subsidies for waiving tuition and childcare fees, and ensure the normal operation of kindergartens. Simultaneously, it will further promote the expansion and improvement of preschool education, accelerate the addressing of weaknesses and shortcomings, and steadily improve the overall quality of kindergartens.On May 8th, US President Trump stated that there was no need to restrict US oil or jet fuel exports. "We dont need them," Trump told reporters in Washington on Thursday. "And we have plenty of oil." The blockage of the crucial Strait of Hormuz has led to a significant increase in US energy exports, making the US the worlds largest crude oil exporter, surpassing Saudi Arabia. However, experts have consistently warned that the US supply buffer is nearing its limit, and it remains unclear how long exports at this level can be sustained. Trump, however, disregarded these warnings and praised the surge in exports. He said, "Ships are turning back from their usual routes to the Strait of Hormuz," adding, "Hundreds of ships are heading to Texas, Louisiana, and Alaska, loading up and returning, making a fortune."On May 8th, the Ministry of Industry and Information Technology (MIIT) announced that, to further promote the research, development, and industrialization of 6G technology in my country, it has granted a license to the IMT-2030 (6G) Promotion Group to use 6G trial frequencies in the 6GHz band. This license supports 6G technology trials in select regions, enabling the group to conduct research and development and testing based on typical 6G scenarios and key performance indicators defined by the International Telecommunication Union (ITU). This approval of 6G trial frequencies will strongly promote the high-quality development of 6G in my country.As of 8:30 AM Beijing time, spot platinum was down 0.18% and spot palladium was down 0.35%.
