EUR/USD
1.15119
-0.139%
Gold
4077.67
-0.632%
Oil
80.907
-2.107%
USD/JPY
160.708
0.752%
GBP/USD
1.34484
-0.125%
GBP/JPY
216.133
0.638%
Real-time News
July 31 – The Political Bureau of the CPC Central Committee held its 27th collective study session on the afternoon of July 30, focusing on high-quality advancement of national defense and military modernization. Xi Jinping, General Secretary of the CPC Central Committee, emphasized during the session that during the 15th Five-Year Plan period, it is essential to adhere to the guidance of Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era, thoroughly implement Xi Jinping Thought on Strengthening the Military in the New Era, strengthen political leadership, deepen innovative development, and advance high-quality modernization of national defense and the armed forces. This will ensure the timely achievement of the centenary goal of the Peoples Liberation Army, promote decisive progress in the basic realization of national defense and military modernization, and provide strong strategic support for comprehensively advancing the building of a strong nation and the great rejuvenation of the Chinese nation through Chinese-style modernization.Sonys stock price rose 2% after the company released its financial report, reversing its earlier decline.On July 31, the Bank of Japan (BOJ) continued to warn that core inflation could exceed its 2% target and pledged to continue raising borrowing costs based on economic and price trends. The bank also adjusted its assessment of the balance of risks to economic growth, stating that risks are in equilibrium rather than tilted to the downside. This suggests that the drag from the Middle East conflict is not as severe as initially feared, as the growth in global demand for artificial intelligence has acted as a buffer, mitigating the impact. Overall, the BOJs statements indicate that a continued weakening of the yen could exacerbate inflationary pressures, thus a further interest rate adjustment is expected. Investors are increasing their expectations that the BOJ will raise interest rates before October, and BOJ Governor Kazuo Ueda may provide clues to support this view at his press conference this afternoon.July 31st - The Bank of Japan (BOJ) kept interest rates unchanged on Friday, with only one voice supporting a rate hike. Meanwhile, in its monetary policy outlook report, the BOJ lowered its inflation forecast for the current fiscal year. Fridays decision came amid escalating tensions in the Middle East. For oil-dependent Japan, inflation concerns remain. However, the central bank plans to further monitor the situation, especially after the June rate hike. On Thursday, Japan intervened in the foreign exchange market by buying yen and dollars, while US authorities also conducted currency checks. Now, all eyes are on BOJ Governor Kazuo Uedas afternoon press conference, hoping to glean clues about the central banks future policy direction and any commentary on the intervention.Piper Jaffray: Lowered its price target for Reddit (RDDT.O) from $215 to $195.
