EUR/USD
1.17231
0.216%
Gold
3471.31
0.548%
Oil
64.314
0.964%
USD/JPY
147.069
0.077%
GBP/USD
1.35292
0.107%
GBP/JPY
198.978
0.188%
Real-time News
Hong Kong Stock Exchange documents show that Standard Chartered Group (02888.HK) repurchased a total of 538,161 shares on other exchanges on August 29, spending 7.4 million pounds.Taiwan Semiconductor Manufacturing Co (TSM.N): Subsidiary TSMC Global purchased fixed-income securities for a total of US$43.3 million; sold fixed-income securities for a total of US$10.8 million.A spokesperson for the European Commission confirmed that the GPS system of the plane carrying European Commission President Ursula von der Leyen flying to Bulgaria was interfered with.On September 1st, ING commodity analysts Ewa Manthey and Warren Patterson noted that gold prices continued their upward trend after US personal consumption expenditure data met expectations, keeping alive hopes for a Federal Reserve interest rate cut at its September 16-17 meeting. However, future trends will largely depend on Fridays August non-farm payroll report. A weak performance in the report would further reinforce the view that a September Fed rate cut is highly likely. Meanwhile, speculators increased their net long position in Comex gold by 6,363 contracts in the week ending with the latest report, bringing the total net long position to 148,122 contracts.On September 1st, UBS analysts predicted that the European Central Banks interest rate-cutting cycle may be over, predicting the deposit rate will remain unchanged at 2% at its September policy meeting. While we expect the Eurozone economy to stagnate in the second half of 2025 due to US tariffs, and inflation to remain flat or below the 2% target for several quarters, the ECB is not expected to cut rates further. This assessment is primarily based on the EUs massive fiscal stimulus: on the one hand, the EU is increasing defense spending; on the other, Germany is increasing infrastructure investment. Analysts believe these measures will gradually take effect starting in early 2026, providing support to the economy.
