EUR/USD
1.14104
0.112%
Gold
4116.97
0.965%
Oil
85.450
1.488%
USD/JPY
163.092
-0.058%
GBP/USD
1.33723
-0.014%
GBP/JPY
218.097
-0.058%
Real-time News
Volkswagen Group China is accelerating the development of Level 3 and Level 4 autonomous driving capabilities by deepening its collaboration with Horizon Robotics in AI. Deliveries of Level 3 autonomous driving capabilities are scheduled to begin as early as the second half of next year.Hong Kong-listed storage stocks fell in the afternoon, with SK Hynix (07709.HK), a stock with a 2x leveraged long position, dropping more than 3% after rising more than 14% in the morning session. Meanwhile, SK Hynix turned negative at the close, after rising more than 9% in the morning session.July 22nd - Data released by the UK Office for National Statistics on Wednesday showed that consumer prices rose 2.6% in the 12 months to June, down from 2.8% in the previous month. This is the lowest inflation rate since March last year and is also lower than the average economist forecast of 2.7%. Expectations of an end to the Iraq War led to a sharp drop in crude oil prices, which in turn drove down petrol and diesel prices last month. Food and non-alcoholic beverage prices also contributed to the overall price decline. The services inflation rate, a key indicator of domestic inflation pressure closely monitored by the Bank of England, slowed to 3.6% from 3.7%, slightly higher than expected. However, the respite for consumers from the decline in inflation may only be temporary. Economists expect a 13% increase in the ceiling for UK household energy bills in July, resulting in a slight rebound in the inflation rate. The market widely expects the Bank of England to keep interest rates unchanged next week, as it needs to balance the threat of rising energy prices with a weak labor market and sluggish economic growth.Australia’s competition regulator has proposed approving an arrangement between Google (GOOG.O) and Epic Games, valid until September 30, 2032, with terms governing Google’s fees to developers and other parties for Google Play services.The Australian Competition and Consumer Commission has proposed a draft resolution to implement the settlement reached between Google (GOOG.O) and Epic Games in their ongoing legal dispute in Australia.
