EUR/USD
1.17488
0.485%
Gold
4677.56
2.636%
Oil
95.985
-3.915%
USD/JPY
156.139
-1.112%
GBP/USD
1.36120
0.545%
GBP/JPY
212.542
-0.569%
Real-time News
ECB Executive Board member Cipollone: We are watching for signs of inflation expectations potentially decoupling.ECB Executive Board member Cipollone: No matter how clever and prudent the monetary and fiscal responses to energy supply shocks are designed, they are costly.Intel (INTC.O) shares rose 5.8% in pre-market trading.The Hang Seng Index closed up 315.17 points, or 1.22%, at 26,213.78 on Wednesday, May 6; the Hang Seng Tech Index closed up 39.52 points, or 0.8%, at 4,969.2; the H-share Index closed up 70.26 points, or 0.8%, at 8,800.75; and the Red Chip Index closed up 80.95 points, or 1.84%, at 4,487.37.May 6th - According to data released by the European Central Bank (ECB) on Wednesday, wage growth in the Eurozone is expected to slow this year, despite rising energy prices due to the Middle East conflict. The ECBs wage tracker shows wages are projected to rise by 2.6% this year, following a 3% increase in 2025. This figure for 2026 remains unchanged from the March forecast. ECB officials have emphasized that the outcome of wage negotiations is a key indicator for determining whether rising energy prices will trigger a sustained rise in inflation above its 2% target. ECB President Christine Lagarde stated that the ECB will closely monitor the data and conduct in-depth analysis of the wage agreement and collective bargaining agreement to be negotiated soon. The ECB kept its key interest rate unchanged last week but hinted that it might raise rates at its June meeting if the upward momentum in inflation since the start of the conflict in late February continues. The tracker indicates that there are currently no clear signs that the wage agreement will exacerbate inflation this year.
